{"id":49,"date":"2006-08-10T07:07:14","date_gmt":"2006-08-10T12:07:14","guid":{"rendered":"http:\/\/wp.jiinjoo.com\/?p=49"},"modified":"2006-08-10T07:07:14","modified_gmt":"2006-08-10T12:07:14","slug":"should-i-buy-a-car-in-singapore","status":"publish","type":"post","link":"https:\/\/wp.jiinjoo.com\/?p=49","title":{"rendered":"Should I buy a car in Singapore?"},"content":{"rendered":"<div style=\"text-align: center\"><img decoding=\"async\" src=\"http:\/\/www.jiinjoo.com\/images\/honda.jpg\" \/><br \/>\n<span style=\"font-style: italic\">My first car &#8211; 96 Honda Civic 1.6<\/span><\/div>\n<p>To car or not to car?<\/p>\n<p>I mean to buy car or not? Buying car in Singapore (or in Malaysia) is, to the average joe (ah beng?), as big a decision as buying property and getting married. Compare &#8211; in US, the cost of a new sedan is probably equal to that of 6 months a fresh university graduate&#8217;s salary, here, it&#8217;s 2 to 3 years.<\/p>\n<p>I&#8217;ve always wanted to get back my mode of transport in the states when I came to Singapore, but I decided to reacquaint myself with the public transport first, something that I missed taking. Recently, the pace of life and the variety of activities that I participate in started making large demands on my time, and time is something I always want control of (even more than my money that is&#8230;) Riding on a variety of MRT, buses and taxis, I found the inability to take charge of my life frustrating. I mean, 3 hours wasted on a Sunday because you have to return a book to the library, perform in the middle of botanical gardens, and then meet a friend for dinner? Why should I take 1 hour to work everyday, and 1 hour back when the distance of Braddell Hill and Bedok is like 15 minutes drive (as shown to me by cab drivers) minus getting in and out of car parks?<\/p>\n<p>Perhaps I&#8217;ve come to a point of mental irrationality. Wait, first, let me list down the list of cold water that I&#8217;ve gotten from surveying people that I socialize with:<\/p>\n<ul>\n<li>You shouldn&#8217;t pamper yourself too early, I got my car only at the 4th year of my work, and that&#8217;s because I earned a lot of money from the stock market when it recovered from the gulf war crash.<\/li>\n<li>You shouldn&#8217;t put your money in a liability, you read Rich Dad Poor Dad or not? You played Cash Flow or not? Have you start praying to Robert Kiyosaki or not?<\/li>\n<li>You shouldn&#8217;t buy new car, just get an old one &#8211; look $10,000 for a Mercedes! 20 year old only mah, you&#8217;ll be the 9th owner!<\/li>\n<li>Singapore public transport so good, buy for what?<\/li>\n<li>You calculate hor, even if you take the Mercedes cab everyday, and pay all the surcharge, phone booking, everyday ERP, etc. you still won&#8217;t have to pay as much as a car, err&#8230; I mean, unless you buy a Kia Picanto la..<\/li>\n<li>Wah why you got so much money to buy car one, I think I need to relook at my expenditure..<\/li>\n<li>You sure car come first then girl? Most people girl first then car leh&#8230; then ask the girl to pay for car some more :O<\/li>\n<\/ul>\n<p>There&#8217;re also the encouragements:<\/p>\n<ul>\n<li>Wah, if you buy car I&#8217;m going to expect you to drive me to lunch everyday and we&#8217;ll pay you the fare we pay to the bus company instead. Com&#8217;on la, buy bigger one to fetch more people and recover more cost!<\/li>\n<li>Buy la, COE so cheap now, when else to buy man.<\/li>\n<li>Your estate parking free, your company parking free, make sense to buy what&#8230; find those very fuel efficient ones la.<\/li>\n<li>Buy car in S&#8217;pore is like renting car, every month you pay and pay loan, then after 3 to 4 years, change, scrap the car and get bonus to buy new car, so it&#8217;s like rent your whole life, it&#8217;s ok one, plus you got new car to drive all the time also.<\/li>\n<li>Buy! How much you want me to lend you?<\/li>\n<li>Come let&#8217;s go shop for car together, I&#8217;m getting my third car. Err.. no I&#8217;m not selling my current car, I&#8217;m keeping all of them! \ud83d\ude42<\/li>\n<\/ul>\n<p>See, it&#8217;s all slightly different when I do my value proposition. I&#8217;m saying here that I want to almost like teleport anytime, anywhere, including going back to KL, together with my trombone, laptop, scores, whatnot, without being held captive by a system of convenience. When it&#8217;s convenient, of course I&#8217;ll take the public mode of transportation, but more often than not, it&#8217;s the opposite, considering that<\/p>\n<ol>\n<li>I don&#8217;t stay next to the MRT,<\/li>\n<li>Only 2 busses pass by my house<\/li>\n<li>My office is not next to the MRT<\/li>\n<li>My rehearsals are in La-Salle art school and Kallang Theatre<\/li>\n<li>Other work based frequent spots I&#8217;ll be making include NYP, SMU, and Science Park (DBS is going to be a past)<\/li>\n<\/ol>\n<p>And at the same time, I want to be able to drive out to JB, PTP, and other random places in the nature &#8211; just like those trips from Seattle to Mount Rainier.<\/p>\n<p><a target=\"_new\" href=\"http:\/\/www.mfli.net\/ids\/index.cgi?mode=image&#038;album=\/Summer%2002\/July\/Digital\/Mt%20Rainier&#038;image=Jiin%20Joo.jpg\">I<\/a> <a target=\"_new\" href=\"http:\/\/images.google.com\/images?hs=fMU&#038;hl=en&#038;lr=&#038;client=firefox-a&#038;rls=org.mozilla:en-US:official&#038;q=mount%20rainier&#038;btnG=Search&#038;ie=UTF-8&#038;oe=UTF-8&#038;sa=N&#038;tab=wi\">miss<\/a> <a target=\"_new\" href=\"http:\/\/vulcan.wr.usgs.gov\/Imgs\/Jpg\/Rainier\/Images\/Rainier84_mount_rainier_and_tacoma_08-20-84.jpg\">Mount<\/a> <a target=\"_new\" href=\"http:\/\/vulcan.wr.usgs.gov\/Imgs\/Jpg\/Rainier\/Images\/Rainier84_mount_rainier_and_tacoma_08-20-84_med.jpg\">Rainier<\/a>. ^_^<\/p>\n<p>Back to the car. After all those cost benefit analysis and economics on willingness to pay, I think I will not shoot beyond $50,000, that&#8217;s putting down $20,000 plus a $30,000 loan, (or get $5,000 from others and take the minimum $25,000 loan). Which brings the options basically to only either a Lancer, Sunny or a Vios, maybe a City. Let&#8217;s see what happens.<\/p>\n<p>Would you encourage \/ discourage me in buying a car? Let&#8217;s hear it!<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.toyotasingapore.com.sg\/Images\/vios_top_tcm243-81623.jpg\" \/><br \/>\n<!--amm_getMediaID('amm_jj_output',14)--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>My first car &#8211; 96 Honda Civic 1.6 To car or not to car? I mean to buy&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-49","post","type-post","status-publish","format-standard","hentry","category-diary","content-wrap"],"_links":{"self":[{"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=\/wp\/v2\/posts\/49","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49"}],"version-history":[{"count":0,"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=\/wp\/v2\/posts\/49\/revisions"}],"wp:attachment":[{"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.jiinjoo.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}