tag:blogger.com,1999:blog-3276688108456391559.post6218782361296960006..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: Buying a car with 100% cash and no debtSGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3276688108456391559.post-77065673505979694542014-02-02T15:33:38.196+08:002014-02-02T15:33:38.196+08:00Hi Charles,
I would say a car would definitely en...Hi Charles,<br /><br />I would say a car would definitely enhance a family's standard of living and bring added convenience. It's a luxurious item anyway. For business, its another totally different case. Even a cheap car now in Singapore cost quite a lot. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-90405934903010683232014-02-02T14:15:33.216+08:002014-02-02T14:15:33.216+08:00Buying a car is definitely a liability. If you ar...Buying a car is definitely a liability. If you are an employed worker with fixed salary, a car will definitely makes you worse off, that's provided ceteris peribus. However if a car can enhance a family's standard of living, or even create business opportunities, I'd think it will be a wiser investment. Just need to weigh both options carefully. Will the monthly extra payment brings more joy to you, or help you earn that extra cash which can cover your extra overheads? If the answers above are true, and a car is somehow "value for money", I don't see any problem in owning one. But then again, which car is decent to you? Some may wish to stretch into continental, others may be happy with a picanto. At the end of the day it'll still boils down to what kind of lifestyle you wish to have. <br /><br />Cheers, <br />Charles Anonymousnoreply@blogger.com