HELP me!

[niky]

Twenty three million sounds about right. I think the bottom of the (brand-new) Ferrari pecking order is around 15 million. It's not unheard of to pay 30 million for a really fine car over here.

Not to sound too pessimistic about it, but if this is a once-in-a-lifetime-buy with your life savings, it's not worth it. The depreciation alone will cost you millions.

While technically, you may be able to afford it, the depreciation and the notoriously ludicrous upkeep costs will kill you in the end. Buying a 20 million plus peso car is for people who have 40 million pesos or more in "pocket change" and more condos and mistresses than Erap.

Invest in real estate nalang, and buy a nice Porsche or something. Mga 10 million or so will get you a nice Carrera (I think... mga 7m yata ang Boxster)... or even a Jaguar XJR (8.5m... 9m with options).

Actually... that's a nice one... the XJR may be smaller than the Rolls, but it's smooth, fast, exclusive, and comes with some of the most beautiful leather and wood trim on the planet.

[GerardTagayty]

S-type R!!! hehehehe!! nakikigulo lang.. 23 million? daaannnggg!!!!hellalot! maymagsesrvice ba satin ng RR locally?

[MXFX]

whatever niky said, just double it

if you havent done it, why not keep a big chunk here on a high interest account around 5%? the interest alone may cover frequent trips to pinas. get a fancy car over there, and get one over here (leave it to me when you go home ).

[Asus700]

Twenty three million sounds about right. I think the bottom of the (brand-new) Ferrari pecking order is around 15 million. It's not unheard of to pay 30 million for a really fine car over here.

Not to sound too pessimistic about it, but if this is a once-in-a-lifetime-buy with your life savings, it's not worth it. The depreciation alone will cost you millions.

While technically, you may be able to afford it, the depreciation and the notoriously ludicrous upkeep costs will kill you in the end. Buying a 20 million plus peso car is for people who have 40 million pesos or more in "pocket change" and more condos and mistresses than Erap.

Invest in real estate nalang, and buy a nice Porsche or something. Mga 10 million or so will get you a nice Carrera (I think... mga 7m yata ang Boxster)... or even a Jaguar XJR (8.5m... 9m with options).

Actually... that's a nice one... the XJR may be smaller than the Rolls, but it's smooth, fast, exclusive, and comes with some of the most beautiful leather and wood trim on the planet.

well said...

[Jun aka Pekto]

I WASNT born with money i WAS born with nothing...my parents DONT have money when me and my brother was born...the only thing they have is determination...

Sorry. I didn't mean to be so speculative and insensitive. A six-figure car is beyond my means unless I sell the house and dump my family. It's something I have no experience in.

[john_eugenio]

how do people get a hummer there?do they have a hummer dealership in philippines?....can i just get a RR or a LAMBO in philippines by just negotiating on a car importer there?

[niky]

You can get Ranger Rovers for 6-9m.... Hummers at around 6+. The new Range Rover Sport is particularly nice, and it starts around 5.5 for the diesel V6.

Lambo, not so sure. I may have been underestimating the tax and importation costs. The Porsche Carrera GT costs around 40m ( ), so a brand new Murcie may cost between 25-30m.

[mazdamazda]

Yes... you can get ANY car that you want here in the Philippines c/o an seasoned importer.

Rollys Royces, Hummers & Lamborghinis can be ordered through them. Rule of thumb for luxury vehicles is to double the USDM SRP to get the PHDM retail price including tax & importation fees. Though the maintenance of these vehicles might cause give you headaches.

A more sensible option is to buy vehicles that have an official distributor here in the Philippines (BMW, Mercedes-Benz, Volvo, Jaguar, Land Rover, Ferrari, Porsche, Audi).

[wren]

...the maintenance of these vehicles might cause you headaches...

not to mention the insurance...some things to consider.

[JiggeR671]

magkano kaya monthly nito + insurance + interests

[HyBrideVo]

How old are you anyway?

[FrankDrebin]

Do the US-based nurses really earn that kind of money? Well, if you are really "born with nothing" then why are you thinking of spending all of your hard-earned money over a luxury car? Only an idiot will do that thing.

[FrankDrebin]

Just a nice background music for this thread.

[shadow]

tawag na kaya tayo sa mandaluyong? para matulungan na siya

[HyBrideVo]

Nurses are hot :cupid: :lovers: :harana:

[niky]

Do the US-based nurses really earn that kind of money?

It's probably around $70k - $100k per year, depending on whether you're fresh out of school or have a lot of experience before you go. I heard of a guy who started at $7k a month, but he had ten years' experience under his belt before he left, and he was supervisor level.

So, in essence, if you stay in the US long enough and don't spend much... (say you can save $10k-$20k per year) maybe in twenty years you'll have enough saved to buy a Lambo in the US.

But definitely not one here. Taxes aren't linear. Taxes for small vehicles are about 50%, but it's rising rate from there on in. A Mazda3 2.0 costs approximately 50% more here than it does in the US (based on the US 4-door 2.0 without Sirius Satellite radio). But a BMW 760Li, which costs $100K, costs a whopping 150% more here.

So, say a Lambo Murcielago, which costs just under $300k brand new, is brought here... if you don't bribe anyone and do everything officially, you're paying anywhere from 30,000,000 to 40,000,000 pesos. If the tax and importation are strictly 150% for cars worth more than 2 million pesos, then it's 35,000,000. Or about $700,000 dollars.

Insurance costs would be about 700k pesos per year... (my cousin pays 250k for his 730i) ouch! Rumor has it that replacement parts are terrible, too. If you drag launch it, expect to spend around 50k pesos to replace the clutch... or more.

I forgot about the Rolls Royce. Back when the new Phantom was launched, they were quoting 30 million pesos for one. It might be around 35 million now, but I'm not sure.

Thus, invest, invest, invest. Start a profitable business or speculate in real estate (not too wildly, though). A Lambo or Rolls would be a nice way to celebrate your retirement, but it's definitely more practical to put it into a good house or building projects (some people invest it in their home villages or barangays, building schools, churches and other things for their old neighbors... builds goodwill, uplifts the standard of living of the area, and as a bonus, they have a very nice place to return to when they retire), then buy a "cheaper" luxury car with what's left over.

[Galactus]

Methinks we're being taken for a ride...not unless he won in the lottery. IMHO, working as a nurse in the US for only 3 years isn't enough to buy a bonafide luxury car or supercar (and I mean a real pedigreed luxury car. Dito kasi sa Pinas, kahit ang Accord, luxury car na, nyak!)

Anyway, there's more than enough info here for him to make up his mind.

Shades of Airshaq???

[wren]

Methinks we're being taken for a ride...

Shades of Airshaq???

we're all thinking the same thing...just goes to show how nice the people are here.

[AtariZero]

Methinks we're being taken for a ride...not unless he won in the lottery.

Ditto... A lot of my older cousins are doctors, most of whom live and work as doctors in the states (am actually studying medicine myself). THEY don't even have that kind of dough to splurge on a luxury car (and an impractical one at that), let alone ship it here for 2x-3x the price, and they earn a lot more than nurses.

I could be wrong though, this guy might be one of the "elite few" (read: non-existent) earning more than doctors. Just my two cents (centavos?)

[HyBrideVo]

he must be a member of the 62 bucks gang in killadelphia :rofl01: