What car to get
Company is giving me 1.2k per month car allowance. Should I go get sth new and a higher end car such as a Tesla, Merc or BMW?
I’ll be changing jobs soon to one which need me to travel frequently around the island to meet customers.
Currently do not own a car and will need to get one due to the job nature. Some people have advised me to just be prudent and get a 2nd hand jap/ Korean car.
I’m thinking firstly to get sth reliable and comfortable since I’ll be on the road often. Sure I’ll need to use more than 50% of my savings to get a better car but since I’m only young once and it’s my first car, I hoping to get sth impressive to enjoy too.
My background-26M, working for a year since grad and no other big commitments like house or marriage anytime soon. Guys, what do you think?
Netizens’ comments
- Go and read up and research on car ownership before you buy. 1.2k won’t even cover the instalment on a real high end car. Not forgetting insurance, for first time car owner, insurance is expensive. Then road tax 400 and above, and fuel depending on your engine capacity, easily above 100. Then season parking leh?
If I were you, unless I need to drive my customer around, which I suspect you don’t else company should have assign you a high end car to drive, I won’t even buy a car. I’ll just grab/gojek/taxi everywhere and still have a comfortable sum left. No need to headache so much, got pple drive me, no need to worry about parking also.
And car is a depreciating asset. And as a first time car owner I won’t even buy a new car. Definitely get a second hand one if die die need one in decent condition, so if scratch or dent not so heart pain. - what kind of decent car can you get with 1.2k only? lol unless you’re planning to top up quite a bit.
not to mention the upfront cost assuming a decent car ( assuming the cheapest bmw 1 series is about 160k, means you need to fork out about 65k upfront.) and about 1800 per month instalment - Take MRT and where it takes too long use grab. 1.2k will do the job easily and you don’t have to maintain a car. Less is more.