A fool’s gold is somebody elses fortune
Just updated my daily expenses and i can figure more expenses will be coming after if i’m ever gonna get a car. Its scary whenever i think about it. I wonder how people manage to survive owning a car with pay like $2600 per month. The insurance, parking, road tax, petrol and all those wonderful money wasting addons to the car will put a hole in your pocket so deep that you dun even bother to reach it. Here’s a simple(and agar agar) calculation of the car expense between normal and OPC. And these figures kinda turns me off. I can’t help but feel stupid to get a car.
Normal Car Off Peak Car
***************** *****************
7pm - 7am
Car: 1.6L Car: 1.6L
Price: $50,000 Price: $50,000 - $13,000 = $37,000
————– ——————-
1 Month 1 Month
————- ——————
Parking: $150 Parking: $150
Petrol: $350 Petrol: $350
RoadTax: $71 ($860/12) RoadTax: $4 ($50/12)
Insurance: $120 ($1400/12) Insurance: $120 ($1400/12)
ERP: $50 ERP: $50
OPC Coupon: $300 (10 days + 5 day extra)
(Due to work nature)
—————- —————–
$741 $974
—————- —————-
1st year 1st year
================ ================
$741 X 12 = -$8892 $974 X 12 = -$11,688
$13,000 - $11,688 = +$1312
—————- —————-
2nd Year 2nd Year
$741 x 12 = -$8892 $974 X 12 = $11,688
-$11,688 + $1312 = -$10,376
—————- —————-
3rd Year 3rd Year
$741 x 12 = -$8892 $974 X 12 = -$11,688
—————- —————-
4th Year 4th Year
$741 x 12 = -$8892 $974 X 12 = -$11,688
—————- —————-
5th Year 5th Year
$741 x 12 = -$8892 $974 X1 2 = -$11,688
——————— ———————-
5 yrs Total damage = -$44,460 5 yrs Total damage = -$45,440
-Servicing not included yet.
-Monthly Installment not included yet.
While we are complaining money no enough…
Imagine that amount of $$$ spent on car sitting in your investment scheme or in a bank with the 0.25% miserable but still not a loss interest rates…
But… there’s always a BUT.. a fool like me will still eventually choose squander the money like a fool would do.. .. sighz
