Toyota altis - all in yearly expenditure around $20k
Typical owner - earns 100k or less pa.
Thus altis eats up 20% of income.
Atypical owner - earns 500k or more pa. Altis eats up <5% of income which is quite negligible. Can afford benz E200 or S class yet opts for altis.
Ferrari - all in yearly expenditure around $100kpa. Road tax already $20-30kpa if i am not mistaken. Yearly depreciation around $50k pa or more.
Typical owner - earn in excess of 1mil pa. N he will have a host of other cars. Total cars costs will not exceed 10% of income.
Atypical owner - earn 500k. Blows 20% of income on this. He struggles to keep up with super rich on image. Maybe owns another altis to save running costs of his ferrari.
The person in the first group shd take bmw unless there are compelling reasons to buy a car.
The person in the 2nd group is wise. He probably knows how to manage his finances.
The person in 3rd group is likely a decamillionaire n above. He probably is getting richer faster than his cars n other luxuries can burn his money.
The last group can possibly achieve FI quickily if he gives up his ferrari n other luxury items.
Not sure why i am getting so much Russian audiences. Anyway, hello Russia!
Typical owner - earns 100k or less pa.
Thus altis eats up 20% of income.
Atypical owner - earns 500k or more pa. Altis eats up <5% of income which is quite negligible. Can afford benz E200 or S class yet opts for altis.
Ferrari - all in yearly expenditure around $100kpa. Road tax already $20-30kpa if i am not mistaken. Yearly depreciation around $50k pa or more.
Typical owner - earn in excess of 1mil pa. N he will have a host of other cars. Total cars costs will not exceed 10% of income.
Atypical owner - earn 500k. Blows 20% of income on this. He struggles to keep up with super rich on image. Maybe owns another altis to save running costs of his ferrari.
The person in the first group shd take bmw unless there are compelling reasons to buy a car.
The person in the 2nd group is wise. He probably knows how to manage his finances.
The person in 3rd group is likely a decamillionaire n above. He probably is getting richer faster than his cars n other luxuries can burn his money.
The last group can possibly achieve FI quickily if he gives up his ferrari n other luxury items.
Not sure why i am getting so much Russian audiences. Anyway, hello Russia!
Penguin,
ReplyDeleteIt's interesting men's fascination with cars are on the same level as women's love of handbags and shoes!
Lucky I never interested in cars.
But I think I may have a fetish for women in stilettos...
LOL!
Truly a man of leisure!
DeleteLOL
Hi Paul
ReplyDeleteThird one reminds me of Aaron kwok (郭富城） somehow . Hehe
Haha..true.
ReplyDeleteA lot of pple in spore falls in 1st group i think.
It's the choice of individual. One can either:
ReplyDelete1. Live within or below his means; or
2. 打肿脸孔充胖子。
Not everyone sets achieving FI as priority. Some live as if there is no tomorrow.
Happy National Day!
This comment has been removed by the author.
ReplyDeleteHappy National Day! Happy investing! Cheers!
ReplyDeleteAs long as it's a simple, decent car that doesn't break down and gets me from a to b, it's gd enough for me :)
ReplyDeleteVery true. Simplicity and functionality sometimes r still best.
Delete