Saving & Spending
Applying value investing principles to buying a car in s’pore…read on…
By paullowinvestmentjourney  •  January 29, 2015
I think most people might ask how are they related??As usual, I shall keep this post as brief but precise as possible. We shall use the very common car- a toyota corolla altis as an example. For those who would use the car till the end of the coe life, good for you. In today's market, a brand new corolla altis would cost you $121,888. So if nothing happens and one uses it for the next 10 years, one will expect to lose $11k plus per year. This excludes other costs such as petrol, maintenance, repairs, taxes, insurances etc. The total cost for an average 20,000km pa could come out to be $20kpa. Hey, this is for folks who use the altis till the end of the car life, which is the exception rather than the rule...correct me if I am wrong. 1) most people change car after ......
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By paullowinvestmentjourney
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