Personal Finance
Buy a car and get an annuity.
By A Singaporean Stockmarket Investor (ASSI)  •  August 3, 2014
I think we have read enough articles from financial bloggers on why we should not be buying cars in Singapore. Although I am generally in agreement, I have also said that, for some people, a car is a need and not a want. Generally? Yes, if having a car would make a person economically more productive, then, the car is actually an investment similar to a capital expenditure in a business. Of course, add the fact that a car would probably improve our quality of life, it becomes an even more sensible proposition. (See related post #1.)
So, whether something is a need or a want depends on a person's circumstances. Like with many things in life, it isn't as clear cut as some people might make it out to be. We must not be too dogmatic about things. There will always be exceptions. Of course, for many people, I believe ......
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By A Singaporean Stockmarket Investor (ASSI)
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