I had a car for about 2 years now and I dare say it's one of the best things I've bought. This is in sharp contrast to other financial bloggers, who are mostly too quick to dismiss car expenditure as something frivolous and definitely under the category of "wants" and not "needs". I thought I should share what's so good about getting a car in Singapore, rather than just focusing on the dollars and cents, which is pretty much anyone who frowns upon owning a car will say.
Firstly, the bad stuff. Everyone knows that to own a car in Singapore, you need the ultra expensive COE, which entitles you to own a car for 10 years at a cost of about 70k these days, and that's not including the cost of the car. Definitely not cheap. The running cost of my car per month includes the following:
1. Season ......