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

[boytsiks]

Kung talagang nais mo, at alam mo kaya mo bayaran. Mag-acquire o bumili ka na. Kasi kapag andyan na yan, at dina-drive mo na, ewan ko lang kung mapabayaan mo pa mawala sa iyo yan. Kungbaga, you will make responsible ways to pay for it, kahit magkautang utang ka pa. Hindi lang mahihirap ang may utang, maski mga mayayaman mayron rin utang at bilyon-bilyon pa. In the end, mas masarap ang feeling kapag natapos mo na mahulugan at mapasa-iyo na ang CR at OR at release of chattel mortgage nyan. Sa bilis ng panahon, baka di mo pa mamalayan nakakahigit sa kalahati ng hulog-bayad kana.

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I dont think it's the correct mindset. Let's face it, 20k gross even net wont be enough.

Konti tyaga at save pa TS, makakabili ka rin. Wag magmadali

[Silvio_12]

Hi po. Newbie lang po sa Tsikot.

[cast_no_shadow]

Kung talagang nais mo, at alam mo kaya mo bayaran. Mag-acquire o bumili ka na. Kasi kapag andyan na yan, at dina-drive mo na, ewan ko lang kung mapabayaan mo pa mawala sa iyo yan. Kungbaga, you will make responsible ways to pay for it, kahit magkautang utang ka pa. Hindi lang mahihirap ang may utang, maski mga mayayaman mayron rin utang at bilyon-bilyon pa. In the end, mas masarap ang feeling kapag natapos mo na mahulugan at mapasa-iyo na ang CR at OR at release of chattel mortgage nyan. Sa bilis ng panahon, baka di mo pa mamalayan nakakahigit sa kalahati ng hulog-bayad kana.

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Hindi na nga sumagot si TS eh?

Kaya nga sabi ko compute siya monthly expenses niya.

Pero rationally speaking with a 20k gross pay mukhang mahihirapan talaga.

Ending niyan slave ka ng kotse mo to the point nasa garahe lang at hindi mo magamit dahil sa expenses tied with owning a car.

Pag nagkakotse tempted ka lalo lumabas at pumasyal. Hirap naman ata na hindi ka makalabas dahil pati pang fuel wala ka.

Kahit magkautang utang kamo? Mahirap mag evolve buhay sa utang, yun tipong pang bayad mo ng utang eh ipangutang mo din, time will come wala ka na mahanap pang tapal sa bayarin mo.

Yes it takes guts / leap of faith in big purchases pero hindi dapat mawala yung pag isipan mo gagawin mo.




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[jut703]

Kung talagang nais mo, at alam mo kaya mo bayaran. Mag-acquire o bumili ka na. Kasi kapag andyan na yan, at dina-drive mo na, ewan ko lang kung mapabayaan mo pa mawala sa iyo yan. Kungbaga, you will make responsible ways to pay for it, kahit magkautang utang ka pa. Hindi lang mahihirap ang may utang, maski mga mayayaman mayron rin utang at bilyon-bilyon pa. In the end, mas masarap ang feeling kapag natapos mo na mahulugan at mapasa-iyo na ang CR at OR at release of chattel mortgage nyan. Sa bilis ng panahon, baka di mo pa mamalayan nakakahigit sa kalahati ng hulog-bayad kana.

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Layo na siguro ng narating mo sa philosophy mong yan.

Magpakabaon sa utang just for a car? Crazy. Mangungutang ka knowing full well you can't afford to pay it? Edi narepossess lang yan.

Ok lang umutang if you're sure that your income will increase significantly in the coming months/years. Eh kung empleyado ka lang, pano mo gagawin yun?

[nowitzki41]

Kung talagang nais mo, at alam mo kaya mo bayaran. Mag-acquire o bumili ka na. Kasi kapag andyan na yan, at dina-drive mo na, ewan ko lang kung mapabayaan mo pa mawala sa iyo yan.

Hmmm.. parang ganito din ginawa ko. Awa ng Diyos nababayaran ko pa naman lahat ng utang ko. When i bought my own car mejo maliit pa sweldo ko nun. Buti nalang tumaas at nakaluwag luwag ako. Then umutang uli ako to start a business. Yung kita ng business ko ang pinambabayad ko dun sa inutang ko sa business. Thinking of putting up another one, pero uutang uli ako. Hehehe! Iniisip ko kasi in the near future, pag bayad na lahat, all income nun sakin na. 3mos nalang din kasi fully paid nako sa inutang ko sa business. Thank you Lord!

[garfield_08]

*TS: Share ko lang.

When my wife and I started out as family, wala sa options namin bumili ng car. We both commute to work kahit inconvenient minsan lalo at umuulan. The only time a car was considered was when we had our 1st born, kasi mahirap magcommute ng kasama si baby. We can opt to buy brand new though financing kasi di namin kaya cash payment that time, but we opted to buy a second hand unit because: 1. it will be my 1st car to drive as our own. 2. we rather save our income for the future. The car became a necessity for us, but all we need is a reliable ride to take us from point A to B. Paid it in cash, no worries sa amortization. After a couple of years, we sold it and got another 2nd hand unit, but a lot younger. It took another 3 years before we sold it and got a bnew unit.

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*TS: Share ko lang.

When my wife and I started out as family, wala sa options namin bumili ng car. We both commute to work kahit inconvenient minsan lalo at umuulan. The only time a car was considered was when we had our 1st born, kasi mahirap magcommute ng kasama si baby. We can opt to buy brand new though financing kasi di namin kaya cash payment that time, but we opted to buy a second hand unit because: 1. it will be my 1st car to drive as our own. 2. we rather save our income for the future. The car became a necessity for us, but all we need is a reliable ride to take us from point A to B. Paid it in cash, no worries sa amortization. After a couple of years, we sold it and got another 2nd hand unit, but a lot younger. It took another 3 years before we sold it and got a bnew unit.

[1D4LV]

*TS: Share ko lang.

When my wife and I started out as family, wala sa options namin bumili ng car. We both commute to work kahit inconvenient minsan lalo at umuulan. The only time a car was considered was when we had our 1st born, kasi mahirap magcommute ng kasama si baby. We can opt to buy brand new though financing kasi di namin kaya cash payment that time, but we opted to buy a second hand unit because: 1. it will be my 1st car to drive as our own. 2. we rather save our income for the future. The car became a necessity for us, but all we need is a reliable ride to take us from point A to B. Paid it in cash, no worries sa amortization. After a couple of years, we sold it and got another 2nd hand unit, but a lot younger. It took another 3 years before we sold it and got a bnew unit.

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*TS: Share ko lang.

When my wife and I started out as family, wala sa options namin bumili ng car. We both commute to work kahit inconvenient minsan lalo at umuulan. The only time a car was considered was when we had our 1st born, kasi mahirap magcommute ng kasama si baby. We can opt to buy brand new though financing kasi di namin kaya cash payment that time, but we opted to buy a second hand unit because: 1. it will be my 1st car to drive as our own. 2. we rather save our income for the future. The car became a necessity for us, but all we need is a reliable ride to take us from point A to B. Paid it in cash, no worries sa amortization. After a couple of years, we sold it and got another 2nd hand unit, but a lot younger. It took another 3 years before we sold it and got a bnew unit.

same here..... we used to commute din when we got married.... tapos, we bought our first car (a 1991 Lancer Singkit), in 1996 nung nagkaanak na kami..... tapos napalitan na lang din after two years dahil na promote na ako na may car plan na.

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*TS: Share ko lang.

When my wife and I started out as family, wala sa options namin bumili ng car. We both commute to work kahit inconvenient minsan lalo at umuulan. The only time a car was considered was when we had our 1st born, kasi mahirap magcommute ng kasama si baby. We can opt to buy brand new though financing kasi di namin kaya cash payment that time, but we opted to buy a second hand unit because: 1. it will be my 1st car to drive as our own. 2. we rather save our income for the future. The car became a necessity for us, but all we need is a reliable ride to take us from point A to B. Paid it in cash, no worries sa amortization. After a couple of years, we sold it and got another 2nd hand unit, but a lot younger. It took another 3 years before we sold it and got a bnew unit.

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

*TS: Share ko lang.

When my wife and I started out as family, wala sa options namin bumili ng car. We both commute to work kahit inconvenient minsan lalo at umuulan. The only time a car was considered was when we had our 1st born, kasi mahirap magcommute ng kasama si baby. We can opt to buy brand new though financing kasi di namin kaya cash payment that time, but we opted to buy a second hand unit because: 1. it will be my 1st car to drive as our own. 2. we rather save our income for the future. The car became a necessity for us, but all we need is a reliable ride to take us from point A to B. Paid it in cash, no worries sa amortization. After a couple of years, we sold it and got another 2nd hand unit, but a lot younger. It took another 3 years before we sold it and got a bnew unit.

same here..... we used to commute din when we got married.... tapos, we bought our first car (a 1991 Lancer Singkit), in 1996 nung nagkaanak na kami..... tapos napalitan na lang din after two years dahil na promote na ako na may car plan na.

[dos2]

*TS: Share ko lang.

When my wife and I started out as family, wala sa options namin bumili ng car. We both commute to work kahit inconvenient minsan lalo at umuulan. The only time a car was considered was when we had our 1st born, kasi mahirap magcommute ng kasama si baby...

Parehas po tayo ng nagging deciding factor to finally purchase a car, the 1st born.
Luckily my company shoulders 30% of the car price, insurance, and registration with no down payment needed to be paid for 5 years. The only catch is syempre I should stay for the company for the duration of the loan or else it will be immediately due in full.

[sientobente]

Isn't the easiest way to get a car is to be a Med Rep? lalo na kapag hot chick ka?

[sirkosero]

just a tip. lipat ka ng work. hanap ka ng may pa-kotse or carplan na subsidized ng company ang 30-50% ng kotse. problem solved!

[_Cathy_]

Kung talagang nais mo, at alam mo kaya mo bayaran. Mag-acquire o bumili ka na. Kasi kapag andyan na yan, at dina-drive mo na, ewan ko lang kung mapabayaan mo pa mawala sa iyo yan. Kungbaga, you will make responsible ways to pay for it, kahit magkautang utang ka pa.

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My Uncle did something similar. He bought a huge house when he was just starting out with his own family. He said that inspired him to work hard. Among all his siblings, he's the most financially successful. I don't think I could take that much of a risk though.

just a tip. lipat ka ng work. hanap ka ng may pa-kotse or carplan na subsidized ng company ang 30-50% ng kotse. problem solved!

This is my dream!!! Upper management lang may car plan samin

[sirkosero]

This is my dream!!! Upper management lang may car plan samin

sa mga banko, meron kahit supervisory or junior manager level may subsidized car plan.

[_Cathy_]

just a tip. lipat ka ng work. hanap ka ng may pa-kotse or carplan na subsidized ng company ang 30-50% ng kotse. problem solved!

sa mga banko, meron kahit supervisory or junior manager level may subsidized car plan.

Samin hindi I heard that some local banks don't even have a car benefit (BDO). Sa BPI maganda car plan. That is really the best option to have a car

[jut703]

My Uncle did something similar. He bought a huge house when he was just starting out with his own family. He said that inspired him to work hard. Among all his siblings, he's the most financially successful. I don't think I could take that much of a risk though.

I'm pretty sure your uncle didn't buy that house without knowing where he'll be getting his monthly payments.

You can also stay inspired without digging yourself deep into debt. Just focus on saving, investing, and increasing your income to that point wherein you have enough liquid cash to make a downpayment for your house, and are making more than enough to cover for the monthly amortization.

[_Cathy_]

I'm pretty sure your uncle didn't buy that house without knowing where he'll be getting his monthly payments.

You can also stay inspired without digging yourself deep into debt. Just focus on saving, investing, and increasing your income to that point wherein you have enough liquid cash to make a downpayment for your house, and are making more than enough to cover for the monthly amortization.

His income was "sagad" for the monthly payments though his Mom could bail him out (which never happened). I admire how he became more successful than his parents pa.

BTT Maintindihan ko paglulunod sa trabajo for a house but for a car, no way I really wanted an SUV as my daily driver but my family only gave me enough for a sedan. I had to cover the 300k shortfall (since they refuse to lend me that). I decided to just live with a sedan, at least I can leave my job anytime I want and not have to worry about debt.

[dr. d]

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His income was "sagad" for the monthly payments though his Mom could bail him out (which never happened). I admire how he became more successful than his parents pa.

BTT Maintindihan ko paglulunod sa trabajo for a house but for a car, no way I reallt wanted an SUV as my daily driver but my family only gave me enough for a sedan. I had to cover the 300k shortfall (since they refuse to lend me that) but I don't see the sense of loaning money for a car so I just have to live with a sedan, at least I can leave my job anytime I want and not have to worry about debt.

many of the founders of companies today are like that.
work 'til the bones of their hands show.
burn their bridges behind them, so's they have no recourse but to trudge on forward.

but the difference is, these guys did it to survive, not so's they can have a nice car.

the series, "the men who built america", says these driven men like one thing most of all.. to win!

[carwhacko]

Nakapag isip na ba si TS? Sa ngayon yan ang kinikita ko TS pero di pa rin talaga kaya kahit wala ako binabayaran na utilities like kuryente,tubig etc. since financially capable pa naman mga magulang ko at may kotseng bigay naman pero iba pa din yung sarili mo talaga eh. Naisip ko din yan kaso sabe ko invest nalang siguro sa assets.

[carwhacko]

Yung utol ko nagstart siya na 25k sahod tas after a year lumipat at dinoble sahod ayun bumili na sarili niya. Kaya na since wala din siya binabayaran na utilities like me except sa nagbibigay siya sa magulang namin

[confused shoes]

kahit magkautang utang ka pa.

In the end, babatakin ang kotse mo.

[sphinxz]

Yup upper management lang talaga usually ang may car plan. Except na lang kung ang job mo at related sa sales, meron na ring car plan or at least company car service. May fuel allocation pa.