Personal Finance
Buying A Car? You Need To Be Earning At Least S$7,500 First
By Seedly  •  February 12, 2019

Back in my mid-20s, I remembered starting my two-hour commute to work one day and thinking, “Why the [email protected]#$ am I doing this?” This was almost immediately followed by:

Image Credit: imgflip

Sounds familiar?

If you’ve ever had that conversation with yourself as you’re being “chauffeured” to work in your Mercedes-Benz or Volvo stretch limo (read: public buses). I feel you… So let’s find out how much you theoretically need to earn before you even think about buying an air freshener for your brand new car.

Disclaimer: the numbers and figures here are all based on assumptions and estimations, so feel free to adjust them accordingly to better reflect your situation.

TL;DR: Can I Even Afford To Buy A Car? The cheapest new car on the market right now is the Perodua Bezza 1.3 Premium X (Auto) which goes for S$57,800 You need to cough up S$1,604.49 per month, on...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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