How much should I be earning to avail a car or at least get a car loan?

[nowitzki41]

20k per month gross means a net take-home pay of about 16k per month.

Out of topic question lang mga sir. Kung yung 20k gross means about 16k net pay. How much kaya yung gross kung ang takehome pay mo is about 55k?

[luis_]

Magkano na po ipon mo? Aim for 50% down na lang para yung monthy mo less than 10k at kahit 5 years yun hindi ganun kasakit sa bulsa. Or hanap ka na po asawa na malaki sahod hahaha.

Samin kasi before kami nag loan, ang sweldo ko ang gamit sa lahat ng expenses. Kay bossing, lahat ng sahod nya tago iniwan namin sa probinsya atm nya. 2x ng sahod ko yung kanya. So ayun ang bilis nakaipon hehehe.

[shadow]

Pinapahaba pa ninyo. in short with your current income you still can't afford to buy a brand new car.

[playplugg]

To TS:

Average of 20K monthly income (net) hindi po sa nag-degrade po ako, pero insufficient enough to avail a brand new car at kahit 2nd hand na sasakyan,

Eto na lang po, kahit mag-tabi po kayo ng 5K sa salary nyo, within 60 months, nasa 300K ang magiging savings.

not unless kung mag-business po kayo kahit in micro/mini business, possible na tumaas ang income nyo maliban as employee, meron po kayong extra income sa sariling business.

financially wise po dapat, kung necessity po talaga ang gamit ng sasakyan, even at 20K income pero meron naman ibang source of income para reasonable enough para bumili ng sasakyan by means of transportation, at alam nyo na capable enough na kayang bayaran kahit sa loan, why not?!

Pero kung luxury reasons lang para iwas commute at maging impressive sa ibang kasamahan sa trabaho na merong kang sasakyan. forget about it.

Malaki ang gastos ng sasakyan pag ginagamit, at least minimum of 8K/month ang budget for everyday usage (kung naka-mortgage, iba pa ang gastos) + yung mga yearly renewal for LTO registration/insurance, misc. fee, etc.

[jut703]

Di naman makakapagnegosyo si TS. Sa 20k per month wala kang puhunan for anything that can generate enough income for a car.

The only way he can feasibly afford a car is if his income triples, while expenses remain minimal.

[kimot]

dyan na papasok ang

open minded ka ba sa business?

ROFL

- - - - - - - - - - - - - - - - - - - - - -

dyan na papasok ang

open minded ka ba sa business?

ROFL

[ninjababez]

TS willing ka ba sumali sa MLM? Araw lang bibilangin mo, may kotse ka na daw.

dyan na papasok ang

open minded ka ba sa business?

ROFL

OT: kakasabi lang sakin nyan ng ka opisina ko, Royale daw at walang pagod

[jut703]

Yup, same here. Couldn't help but feel envious of my college friends who were given cars by their parents na parang wala lang. So I made sure that I'd be able to get a car from my own efforts. At the end of the day, it's actually more fulfilling.

Grit is all it takes.

[CVT]

Agree.

It's a totally different plane when you worked for it....

Never had a car of my own for years after graduation.... Public transport to and from work.... It was fun, really.

Ipun-ipon lang bago bilhin ang gustong bagay.... In my case,- lupa muna... Sarap yatang mag-date ng sumasakay ng jeep...

Your special someone is sitting next to you,- body to body....


"The measure of a man is what he does with power" LJIOHF!

25.9K:branch:

[dr. d]

a used car would bring the affordability down to manageable levels.
but many would-be buyers insist on brand new.

[Ry_Tower]

TS willing ka ba sumali sa MLM? Araw lang bibilangin mo, may kotse ka na daw.

[greenlyt]

^^
hahahaha langya ka RY :D

[JJ All Day]

How much should I be earning to avail a car or at least get a car loan?

You should be earning ENOUGH to get one. As to how much, ONLY YOU can quantify.
This is not just about 'being able to pay for its cost' but the bigger question would be 'can you also afford to maintain it?'

[1D4LV]

a used car would bring the affordability down to manageable levels.
but many would-be buyers insist on brand new.

affordability initially, but high in maintenance costs.
naalala ko tuloy.... i only afforded to buy my first car (a second hand one), when my salary is at the 40k level. pero struggle pa din sa gas and maintenance costs.

[99moves]

affordability initially, but high in maintenance costs.
naalala ko tuloy.... i only afforded to buy my first car (a second hand one), when my salary is at the 40k level. pero struggle pa din sa gas and maintenance costs.

Same with me. Akala ko kaya ko brand new at that salary level pero nung nag compute ako mahirap eh kahit single ako. Nauwi sa pagiipon para sa 2nd hand at pag dating sa mga repairs yung mga kaya ng diy ako na lang gagawa hehe.

[CVT]

a used car would bring the affordability down to manageable levels.
but many would-be buyers insist on brand new.

Agree with your first statement.

Pride (in the guise of practicality - less headache/maintenance cost).... For lady drivers though,- I am more inclined to agree on the purchase of brand new rides... (It's good that we do not have a daughter... )

BTW,- my first car is pre-owned... Learned a lot from maintaining that vehicle....



"The measure of a man is what he does with power" LJIOHF!

25.9K:branch:

[_Cathy_]

For lady drivers though,- I am more inclined to agree on the purchase of brand new rides... (It's good that we do not have a daughter... )

BTW,- my first car is pre-owned... Learned a lot from maintaining that vehicle....


25.9K:branch:

It's okay for a lady driver to have a second hand car if the car is in perfect condition and there is someone in the family to help her out. It's really more economical to buy second hand. My Dad gave me his old favorite car when I graduated from HS and it did not give me any headache except for the occasional repairs due to age. Owning an older vehicle is good practical training to learn about car maintenance. You just need someone you trust to guide you. An older car means more responsibility too, which can be good too. If I only had my big body, I would not have learned so much about cars.

[BratPAQ]

Yup, same here. Couldn't help but feel envious of my college friends who were given cars by their parents na parang wala lang. So I made sure that I'd be able to get a car from my own efforts. At the end of the day, it's actually more fulfilling.

Grit is all it takes.

Ako din, di lang sa mga college friends, pati mga topic sa forum na "my parents would buy me a brand new car as graduation gift, which one should I choose?". Kakaingit samantalang ako eh nag bibigay pa ng porsyento ng sweldo ko sa parents.

[Yatta]

Ako din, di lang sa mga college friends, pati mga topic sa forum na "my parents would buy me a brand new car as graduation gift, which one should I choose?". Kakaingit samantalang ako eh nag bibigay pa ng porsyento ng sweldo ko sa parents.

Madali lang supalpalin ang mga ganyan. Recommend "any car as long as its pink", because he/she is such a pussy.

[JJ All Day]

Madali lang supalpalin ang mga ganyan. Recommend "any car as long as its pink", because he/she is such a pussy.

are all pussies pink?