facebookI'm a fresh grad that just started my first job. Should I get a car? - Seedly

Anonymous

08 Jun 2021

Random

I'm a fresh grad that just started my first job. Should I get a car?

My work requires 4 hours of transportation every day (2 hours each way) as it's at Jurong Island. If I drive, I might be able to save the 2 hours every day. Is it worth it to get a car to save that 2 hours? Or should I just tahan and save up the money?

Discussion (10)

What are your thoughts?

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I think there're many factors to consider. Do u have other loans that u need to pay off like study loan? How much is ur salary and will u be able to live comfortably without having to struggle to live and maintain the car. For the time saved, will it be put to better use or wasted.

But if u really want to get a car, maybe can consider getting a cheaper one? like second hand used car. Then in the future when u saved up enough or have better pay then consider changing the car.

one of my friend just got a used car recently from https://www.motorist.sg/used-cars. i heard fr him that the price was not bad and they have quite a lot of options for you to choose. so maybe u can consider looking at it if u want to.

Sharon

26 Jun 2020

Life Alchemist at School of Hard Knocks

According to The Straits Times, the journalist found out that it's"almost $2,000 a month for a new car, half that for taxis, and $100 for bus/train option"

Maybe the cost of taxi fares will be more expensive to Jurong Island than to CBD. But I think even then, it won't be more expensive than owning a car.

Car, taxi and bus - how the costs stack up

https://www.straitstimes.com/business/invest/ca...

You might want to work out the sums just to be sure.

As a fresh grad, your primary objective would be to clear off your study loans (assuming you have them), and not accumulate more loans. This is because you'll likely be making some very heavy purchases within the next few years, such as a house, wedding, etc, and you'll need to save up for these.

You'll also need to consider whether a car is worth it. Are the 2 hours worth the ~$2k that you'll be spending each month? Can you be productive in the 2 hours saved everyday? You can also consider doing something productive during the 4 hours spent on commuting everyday, such as reading self-help books, or researching on investment product :)

Alternatively, you can consider grabhitch, grabshuttleand the likes.

Gabriel Tham

07 Aug 2019

Tag Team Member at Kenichi Tag Team

Does the company provide transport like company bus? Perhaps can check if there are private buses doing that route.
Or are there transport claims allowable?

Getting a car depends on your salary and whether you can afford it.

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I would have thought renting a room at west might work better than buying a car though..,Anyway, sin...

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