I need your assistance to give some real life examples of the cost of owning a car. Please send your case study to me at kinlian@gmail.com.
1. Cost of buying your car - new/ used?
2. Initial payment
3. Loan taken, repayment period, interest, monthly payment
4. Cost of petrol per month
5. Cost of insurance (yearly)
6. Cost of parking, ERP per month (on average)
7. Cost of repairs
I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at kinlian@gmail.com.
Tuesday, March 09, 2010
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5 comments:
Might also include cost due to accidents over a period of time.
Some people may interprete cost of repairs as merely cost of maintenence service.
Cost of annual depreciation?
Cost of Fines - speeding/switching lanes/ driving into bus lanes/accidental beating of traffic lights when late for work or emergencies etc.
Cost of insurance - if you bump into a taxi, even a scratch, the bill will be huge - i never understood this concept. ;)
1. 35,000 (NEW)
2. 3,000
3. 33,600 : 10 : 2.5% : 350
4. 250
5. 2100
6. 100
7. 1000
Reply to 9:23 AM
Please send an email to me. I need to clarify some details with you.
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