Driving expensive car but can't afford a house?
#1
Posted 21 December 2005 - 01:34 PM
home. I've a friend just barely afford and bought Altis with 9 years, max
loan but he still renting a room and limited budget for necessities.
Somemore downpayment have to borrow. To me, this is ridiculous... bad
financial management. Thought this might be an interesting discussion.
#2
Posted 21 December 2005 - 01:47 PM
employer and bought amongst other cars, Lamborghini and Ferraris. Blardy
stupid fool was brazen enough to show his face in the papers and was
promptly arrested and charged. Happened in KL around a decade plus ago.
#3
Posted 21 December 2005 - 01:53 PM
Nothing is more riduculous than those who can afford to buy a car but yet
cannot afford to pump petrol , especially those buying a non national
car .Seem like those ppl oledi started facing financial difficulty after
buying a car .....
#4
Posted 21 December 2005 - 02:23 PM
it is a good car, at least till u crash it.
#5
Posted 21 December 2005 - 04:06 PM
petrol. financial management must b done before u bought the car. Keep at
least 20k after paying the downpayment, so that u would have problems,
when it comes to trouble.
#6
Posted 22 December 2005 - 09:35 AM
us. What wonder me is that one neighbour who has 5 kids also live there. He
drive a MB 240 Kompressor and his wife drives an Altis 1.8. I keep telling
myself if I were him, I would rather buy a big house rather than a Kompressor.
So I am trying to figure our logically if one can buy RM100K car, how much
shall he spend on a house?
This is what it boils down to:
Say, a car RM100K, Loan 5 Years.
So, for a house if I took a loan for 20 years, I shall buy an RM400K? (i.e.
20/5 x RM100k)
Does this make sense?
p/s: In reality, I observe a lot people living in a low-cost house but
drive RM50+++K cars.
#7
Posted 22 December 2005 - 05:08 PM
Psss... sssttt... majority of big expensive cars are charged to the
cumpany, wan.
#8
Posted 22 December 2005 - 10:59 PM
actually company cars.
thats why they still stay in their humble homes.
but there are also some people who go all out to impress. Thats why big
car, but renting a house.
#10
Posted 23 December 2005 - 08:48 AM
his 5 year old proton saga.