Is it possible to buy a car as a fresh graduate?

It is difficult but not impossible.. Being a fresh graduate, you are burdened with student loans and now youre planning to add car loans to this burden, it is no wonder why fresh graduates dont get a car immediately after graduating. However, i came across this article which provided a fresh new perspective as well as some great tips so i think you check it out! https://www.motorist.sg/article/630/a-singapore...

To share my story, I got a car even before graduating from Poly.

I got my licence when I was 18. Birthday in May and passed in Nov. Got a car in Jan before I was 19.

It was a second hand car with only 1 year left for COE. $8800. I paid the full amount in cash. My own money/savings. Paper value (PARF) at end of COE was $5000. So after doing some maths and calculation, the total cost is around $5k for 1 year after adding the insurance costs.

I did Grab Hitch (Since I was only 18, no PDVL) to earn some 'income' to cover my parking charges and petrol. Honestly it was quite 'fun' to drive around and get some road experience after passing my TP. However, i realised I wasted more time making detour for grab hitch compared to taking MRT straight from home to Polytechnic. I stayed at Sengkang and I study at SP. Everyday I earn around $30 (2 trips of $15) from hitch.

During holidays I tried taking some delivery jobs to earn more income with my vehicle. Thus overall I would say that I didnt spend alot on owning a vehicle but I spend alot of time to cover the cost of ownership.

Back to the question, yes, its not hard to own a car. Even if you want to go for a new car, you can easily take a loan and pay monthly installment. But its not sustainable and worth it. Unless you are like me willing to spend time to earn some side income to cover the cost of ownership. In fact, theres this statement 'taking grab is cheaper than owning a car' and yes, its true. Unless you travel alot everyday (more than 3 trips per day for long distance)