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

[sylphunter]

tax palang yun sir, yung 32%.. di pa included mga compulsary deductions

amateur enthusiast posting probably from a nexus device

[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?

[jut703]

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

Di naman nila kasalanan na bibigyan sila ng kotse ng magulang nila. Talaga lang mas nakakaangat sila sa buhay kaya madali lang sa magulang nilang magbigay ng sasakyan.

I don't see how that makes them pussies.

[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.

[JJ All Day]

Di naman nila kasalanan na bibigyan sila ng kotse ng magulang nila. Talaga lang mas nakakaangat sila sa buhay kaya madali lang sa magulang nilang magbigay ng sasakyan.

I don't see how that makes them pussies.

yep, i agree. yung dalawang boys ko nga (8 and 4), now pa lang sinasabihan ko na pag 18 na sila, bibigyan ko sila ng car (assuming na that time eh sobrang yaman na ako, hehehe). pero, i would not give them PINK hehehe

[jut703]

tax palang yun sir, yung 32%.. di pa included mga compulsary deductions

amateur enthusiast posting probably from a nexus device

Di naman outright ang 32% tax. The computation is as follows:

Your gross income less SSS/Philhealth/Pagibig contributions is your taxable income.

Your taxable income will fall into one of 8 brackets, with the highest being all income greater than P45,833 per month for single employees with no dependents.

Your income tax will be P10,416 plus 32% of the difference between your taxable income and the P45,833 threshold.

Bottomline, your tax is roughly 1/4 of your gross income. This increases to about 30% as your gross salary increases. Pag super taas na ng sweldo mo (around 300k/mo), the deductions are no longer significant and that's when you end up paying about 31-32% tax.

[willyfernando]

Napaka quiet ni TS, baka nag iipon na.

20k gross income nowadays won't get you so far. Our cars are more expensive to maintain than our wives or girlfriends. This isn't the time for the TS to buy as his current pay might not even be enough for his monthly expenses considering the current cost of living of most filipinos.

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

Napaka quiet ni TS, baka nag iipon na.

20k gross income nowadays won't get you so far. Our cars are more expensive to maintain than our wives or girlfriends. This isn't the time for the TS to buy as his current pay might not even be enough for his monthly expenses considering the current cost of living of most filipinos.

[dos2]

...Our cars are more expensive to maintain than our wives or girlfriends.

Bottomline, masarap sila parehong sakyan pag sa iyo na. Sakyan ang kotse pag kailangang bumyahe at sakyan (ang trip) ni girlfriend para masaya.
Both comes at a price syempre.

[_Cathy_]

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

And why should you "supalpal" a person who is merely asking for help? BTW being given a car by the parents does not automatically make the person weak in character. You cannot fault the parents as well if they prefer for their children to drive to school.

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

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

And why should you "supalpal" a person who is merely asking for help? BTW being given a car by the parents does not automatically make the person weak in character. You cannot fault the parents as well if they prefer for their children to drive to school.

[machine.pistol]

Huwag na muna. With your monthly pay, if you are married and you pool your resources with your spouse, it would be easier to get a car.

[shadow]

baka peer pressure...

[JJ All Day]

Huwag na muna. With your monthly pay, if you are married and you pool your resources with your spouse, it would be easier to get a car.

if you are single and currently earning more than P20K only, it would be easier if you can find a rich girl who can be your gf or wife and buy a car for you. 'tas create ka ulit thread ng "what car to choose.. bigay ni gf/wife" =) di ba ang sweet 'non? at, di ka pa pussy! hahaha..

[yebo]

the TS asked for advice, not insults.

[dos2]

if you are single and currently earning more than P20K only, it would be easier if you can find a rich girl who can be your gf or wife and buy a car for you. 'tas create ka ulit thread ng "what car to choose.. bigay ni gf/wife" =) di ba ang sweet 'non? at, di ka pa pussy! hahaha..

A traditional Pinoy finds it sweeter and more fulfilling to reward his wife with a car rather than the other way around.... well unless both of them are very well off financially.

[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

[ninjababez]

May article sa Top Gear Philippines magazine (November 2014 issue yata) tungkol sa car loans or specifically on loan defaults. Madalas mga napuputukan diyan yung mga bagong empleyado ng mga BPO.

maski lumang empleyado ng BPO bro, dito sa office 2 na kaagad na KILALA ko ang nag default. yung isa sabi tinuloy daw ng erpat nya (i doubt).

[jick.cejoco]

Let's put it simple. If you barely make enough to pay for twice the monthly amortization of the car you can't afford it. You still have to at least exist not necessarily live for your car on top of registration, insurance, fuel, maintenance and tires. Don't be a slave of your car

[rodetor]

hello!

I am planning to get my own car. I actually created a thread before about 1st car dilemma but then reality bites and through the help of our fellow forumers that I am not yet qualified during that time (i know that i am still quite not yet qualified now).

Here's my old thread:
http://tsikot.com/forums/car-buying-...dilemma-93113/


So how much should i really be earning to be able for me to buy a brand new car without getting worried that I'll be short for the entire month or until the pay day. I mean comfortably getting a car without living poor to the point that you won't be able to enjoy or use your car for out of town trips, can still pay the bills, shop, etc. Right now, I am earning a little over 20k gross.

Thanks!

If only I was earning like what you have right now, I will be dreaming, wishing and planning in buying a new car for myself.

Sent from my Starmobile UP+ using Tapatalk

[venerzky]

if you are single and currently earning more than P20K only, it would be easier if you can find a rich girl who can be your gf or wife and buy a car for you. 'tas create ka ulit thread ng "what car to choose.. bigay ni gf/wife" =) di ba ang sweet 'non? at, di ka pa pussy! hahaha..

Agree. Hahaha.