Saving & Spending
Borrow $100,000 to buy a car in Singapore?
By A Singaporean Stockmarket Investor (ASSI)  •  May 15, 2017
Hi AK,  When I get back to Sg next year, i'm planning on getting a car (depreciating asset boohoo!) Now, on my previous car purchase, I felt i made a mistake of buying too early and had to take a full car loan. It ate up a lot of my monthly pay. So this time round, I wanted to do my sums right before diving in.  I do have enough to pay upfront for a car (eg 100k). But could you talk to yourself if paying upfront for a car is a good idea?  My alternative could be taking this 100k and throwing it into the Sg savings bonds/safer type of bonds, and earning the interest. As long as this "bond interest" is more than the "car loan interest", this would make it worthwhile? Am I missing a blind spot here? ...  ...
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By A Singaporean Stockmarket Investor (ASSI)
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