
Originally Posted by
dr. d
is that 10K for burning, po? exclusively for the car?
my monthly gas bill is 2K. my office is only 6 km away from the house. i seldom go to the mall. (compute your probable gas bill, po.)
company parking is free for me. what about yours, po?
i have my own secure, home garage.
annual car registration plus required TPL costs me 3.5K. comprehensive insurance.. let's say 20K annually.
pms is about 2-3K every time (once a year for me).
my car is relatively new, so i don't expect repair bills in the near future (3 years or so).
the above alone, already costs 50K a year.
a fertile imagination can easily generate an additional 50K (4.2K a month).
if having a car will make commuting to/from work and/or school more manageable, then having a car that you can honestly afford, may be "justifiable".
now, if you are eyeing a used car for 200K, in all likelihood, you will want to have something in it, fixed asap. exactly how much it will cost, i have no idea.... when i bought a 10 year old car, i spent an additional 15K for required fixing, to make it safe for driving. and i still believe i was lucky with that bill.