how to measure affordability when buying cars ?

[Darth Vader]

hi folks

how to calculate whether you can afford to buy and maintain a car ?

 

[kenntona]

Re: how to measure affordability when buying cars ?

No more than 1 year fixed pay, if you are running on commission.

 

[Mockngbrd]

Re: how to measure affordability when buying cars ?

what do you think?

 

[Oilman]

Re: how to measure affordability when buying cars ?

If the repo man shows up, you can't afford it

 

[arsenal62]

Re: how to measure affordability when buying cars ?

No more than 1 year fixed pay, if you are running on commission.

Nb...siao liao....last year, this year, next year, next next year, etc me or people got no fixed pay and no commission at all so how? Wanna buay sin chia some more leh so not possible liao rite!

Nevermind, I go buy Toto strike liao wu lui can buay chia.....whahahahahaha

 

[Darth Vader]

Re: how to measure affordability when buying cars ?

No more than 1 year fixed pay, if you are running on commission.

fixed pay or take home pay ?

is it one years pay minus cpf,income tax and mortages ?

like that if annual take home pay is 120k than can only buy toyota corolla ?

 

[totoseow]

Re: how to measure affordability when buying cars ?

Nb...siao liao....last year, this year, next year, next next year, etc me or people got no fixed pay and no commission at all so how? Wanna buay sin chia some more leh so not possible liao rite!

Nevermind, I go buy Toto strike liao wu lui can buay chia.....whahahahahaha

lizard. u still smoking those shitt ah?

 

[arsenal62]

Re: how to measure affordability when buying cars ?

lizard. u still smoking those shitt ah?

You still alive arh?

 

[animian]

Re: how to measure affordability when buying cars ?

if based on that calculation... cannot imagine the annual take home pay of those driving 3 series and above :whatthe:

 

[Darth Vader]

Re: how to measure affordability when buying cars ?

No more than 1 year fixed pay, if you are running on commission.

based on your calculations, a lot of car buyers are buying beyond their means ???

 

[arsenal62]

Re: how to measure affordability when buying cars ?

knn, Kenneth buay choon one.....I know many tai tais got no income but drive big teck kok chia...high class! kekeke

 

[kenntona]

Re: how to measure affordability when buying cars ?

It's up to individual.

Sure, creative loan officers can get you full loan twice your pay, but after that, you have to think twice about the other aspects of your lifestyles. Buy watch must think twice, go holidays must fly budget, go cheong must watch the tap, go KTV pay $30 tip and bargain with valet for $2 change, mod car must ask for instalments and cheapest parts....... what's the point?

Balance in life easier on yourself.

 

[golfgti]

Re: how to measure affordability when buying cars ?

hi folks

how to calculate whether you can afford to buy and maintain a car ?

if my other daily expense habits have to cut back drastically just to pay for the car loan, i know its too much liao. Same for mortgage.

 

[Darth Vader]

Re: how to measure affordability when buying cars ?

It's up to individual.

Sure, creative loan officers can get you full loan twice your pay, but after that, you have to think twice about the other aspects of your lifestyles. Buy watch must think twice, go holidays must fly budget, go cheong must watch the tap, go KTV pay $30 tip and bargain with valet for $2 change, mod car must ask for instalments and cheapest parts....... what's the point?

Balance in life easier on yourself.

next time i buy car i will follow your advice.hope your path is the one to nirvana.

 

[jasonmaxima]

Re: how to measure affordability when buying cars ?

MW teach me.... its not the cost of the car that is important...but the refined strawberry engine that is most important.

 

[kenntona]

Re: how to measure affordability when buying cars ?

I have seen friends over-leveraging on cars, and then

(1) tried hard to save on wheels (cheapest) and tyres (cheapest)
(2) saves on petrol and argues that 92 is adequate
(3) bargains on used car parts, haggered over $10 savings

Quite an intricacy of life to live this way......

 

[totoseow]

Re: how to measure affordability when buying cars ?

lucky u never say ur friend bpot a lambo n push it to work

 

[kenntona]

Re: how to measure affordability when buying cars ?

Or the forumer who insisted that he did not consume pork that night and asked to less off the pork dishes and then pro-rate the bill......

Amazing.

 

[Darth Vader]

Re: how to measure affordability when buying cars ?

Or the forumer who insisted that he did not consume pork that night and asked to less off the pork dishes and then pro-rate the bill......

Amazing.

i have seen worst, cooking oil also wanna count when sharing cooked food.

 

[DrK]

Re: how to measure affordability when buying cars ?

Based on Kenn's rule of thumb on affordability, we can work out the minimum wage of his. How much are 3-yr old 335i and jepun wagon?

Not forgetting he part-time too as 'night guard' to milfs. That means he is sitting on a huge pile of cash and investments!