After continuous posts about REITs, maybe is time to get back to personal finance topic, this time I will write for car topic. Car is an expensive item to own in Singapore, yet we could still see a lots of cars are on the road. Current COE (Certificate of Entitlement) cost is $ 26k for CAT A and $ 35k for CAT B where the highest COE record is $ 92k for CAT A and $ 96k for CAT B in January 2013. How could one willing to pay for a "certificate" with $ 90k ? For monthly car cost, most people would calculate by installment + petrol + parking/ERP; some savvy one would include road tax + insurance + servicing. Depreciation is normally not in the equation, this could due to the fact that down payment and scrap value are not recurring. This common way of car cost...