Cost of Owning A Car In Singapore – A LOT!!

http://www.salary.sg/2015/how-much-do-you-need-to-earn-before-you-even-think-of-buying-a-car-in-singapore/

As I am planning to get a car, I looked through the market and evidently it cost more to get a second hand car than a brand new car!

Don’t get me wrong. the absolute cost of a second hand car is still cheaper than a brand new but the annual depreciation of a new car is lesser than a second hand. Unbelievable!

So how much must you earn to afford a car? Think again.

 

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MY MONEY BOOK _ MONEYSENSE

I totally love this book made by moneysense. It is not only entertaining, educational and obviously, much effort had been placed into it to create it! Kudos to you! Please read it!

Screen Shot 2015-11-01 at 10.08.25 pm Screen Shot 2015-11-01 at 10.08.45 pm 11220472_1656909127925570_8620637768830803890_n

http://www.moneysense.gov.sg/~/media/Moneysense/Guides%20and%20Articles/Guides/My%20Money_ENG.pdf