heard from radio, there are 12 cost factors:
1. depreciation.
2. COE
3. Insurances
4. Economical cost
5. accidents cost
6. cash (such as car-washing)
7. Parking fees
8. ERP/CTE(Every Road Pay/Cut-throat Expressway)
9. Fines
10.Petrol
11. Maintenence cost
12. Road Tax
Also, was informed for every cc of car you have to pay $1.00 per month.
That meant if you want to own a 1000cc car, you needed to spent S$1000 per month. If you are driving a 2000cc's car, then you have to fork out at least S$2000 from your monthly salary.
So, do not envy those who drove a car, they have throw that kind of cash for their cars. Not forgetting for those who bought COE at much higher price, (some of my friend did and have to pay the higher same car loan) and they stand to lose at S$10,000-S$20,000 should they want to change new car and they lost twice just by
selling and buying a new car.(double whampy)
For those who earned $10,000 or even more (managers, directors), they will have no problems. (for your information, university professor are earning at least S$10,000 per month)
For those take taxis to and fro, they need not to spend S$1000 monthly. A wise choice and needed not worry too much on maintenance, rising petrol, ERP,etc)
For comparison, let say a person earning S3,000 per month. deducting off his CPF, he is left with S$2,400. If the person is driving 1,600 cc car, his actual cash for the month is S800 for himself and family (if he has).
2 comments:
It's not $1 per month but per year lah :D If it's $1,000 per month, many people would have died standing to own their 1,000cc cars already ;p
yes..actually it was $1 per cc. if you earning $3000, minus cpf, take home pay abt S2400. if you drove 1600 cc, you have throw $1600. you are left with S$800 for that month, if you incld all the 12 cost factors. for 1000cc, it was ranging from S$850-S1000, so many still lived...cheers
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