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Anonymous

21 Jan 2024

Adulting

When is owning a car a necessity?

Would love to hear the community's thoughts on this. Assuming as a couple, we are earning $10k/ mth with intention to have only one child. At which stage do we consider owning a car, or should we even consider in the first place?

Discussion (24)

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Man of the Hour

17 Nov 2024

Man at Man of the Hour

Bro I earn 10k myself with no kids, and I don't consider it financially comfortable to buy a car at my life stage - this would necessitate me reallocating expenses, and I would rather spend the money enjoying other things in life.

If you do buy one you are paying for the convenience, though parking can be a huge pain sometimes.

I think once you have kids or elderlys, it is much more convenient to have a car that is ready.

Chin Guo Qiang (ITIL4 / CSPO / CSM)

22 Sep 2024

Assistant Vice President, IT Operations at Bank of China Limited

I grew up in a family without a family car, if I really do have any offsprings on this topic, will teach them the way of public transportation and PHVs first (to have some sense of direction) as well as commute economically.

$10k a month I presume is combined total income, which is not a lot to own a car, as the monthly instalments might chew up a large chunk of income liquidity (although this may change according to family priorities applicable).

For rich people no issue to own a car , jn general , MPs toe open not need a car

I currently use car rental/ sharing services such as Getgo for my daily needs to send my child to sc...

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