That’s what it takes to repay the loan to buy a brand new “Myvi” *10 freaking years to buy an extremely common car. 10 freaking years! Of course the repayment rate is at a “comfortable” level. If you consider 1/4 of your pay comfortable… That is before your EPF & SOCSO contribution. 10 years! are you kidding me? So I would assume a house which costs maybe 5 times more than a car would take 50 years for me to repay it?
I’ll forever be in debt! I’ll only be financially free when I’m 70 that is if I live until 70… Looks like I’m better off with a bicycle. Or maybe I should rely on public transport and take 3 hours to get to a place which probably only takes 45 mins to get to buy car. So let’s say I want to go to point A from my house, it’s approximately 45 mins away by car. I take the bus to the nearest hub, I take another bus from that hub to another hub, I take another bus from that hub to another hub… and maybe another to another hub… and then I take a bus to the destination… Let’s say I leave at 9 am. I reach there at 12pm.. hmmm just in time for lunch. How wonderful. So If I start work at 9am, I leave my house at 6 am? When I finish work at 6pm, I reach home at 9pm? I go to sleep at 10 and wake up at 5am… I wonder if I have anytime to do anything else… **
Sometimes I really wonder how Malaysian can afford so many things… Car prices are through the roof, basic necessities like groceries too, houses I dunno maybe the same, good are like pricier than other countries *weaker ringgit*, but the pay isn’t higher than he others, it’s the same and reports always say that the cost of living in Malaysia is not high. Very perplexing indeed.
Comparison. AUD is approx 3x stronger than MYR. Their groceries are 3x cheaper than ours, their cars are so much more cheaper than ours. Example, Mini Coopers around every corner. Houses maybe the same. Their pay? More than ours / comparable. But then spend less than us! Maybe their rent is more expensive. Which could be the case. In a way, they spend 3 times less than us. So they spend more? Maybe. I don’t know.
10 freaking years to own a Myvi? I give up. I’ll just not drive at all.
10 years man! 10 years!
*approximately, interest rate = 5%.
** Largely exaggerated, won’t be surprised if it happens though.
Posted by Ex-roomie on 25 October, 2009 at 12:18 pm
One thing you must admit that is being Malaysian Chinese are the toughest homon on earth. We pay everything else still we manage to save heaps of money. Don’t believe it? Look at the amount they spend hahahaha~~ Somehow the metaphor of siu keong is appropriate to describe us XD
Oh you know my dad asked what car you wanna buy ar? I say MIni Cooper HAHAHAHAHAHAHAHA he said then you slowly pay your mortgage lah HAHAHAHAHAHAHAHHAHAHAHAHA how crude :/
Posted by robbstar on 25 October, 2009 at 3:27 pm
I really dunno how we save oh… I wonder if we save at all. I’m going to invest my money in unit trusts soon enough. I don’t want to be siu keong leh… hang around in the lecture hall and then after awhile go missing, never to be seen again….
-.-”"” Maybe when I strike lottery then I buy…. <— typical Malaysian phrase…
Sad lar.. don't tell me all our lives we are just meant to pay off loans? Then what the hell is the meaning of life? Help banks prosper??
Posted by Ex-roomie on 8 November, 2009 at 1:00 am
LOL at siu keong part! That’s inspiring okay. So have you ever wondered where they have gone?
Yes very typical Malaysian. Typical Chinese Malaysian loan loan loan pay pay pay save save save tax tax tax…. everything add and minus then multiply then, to death. Ooooh how true.
Posted by michelle on 29 October, 2009 at 9:10 pm
hahah tats y im still driving my 2nd hand proton car hahaha.. plan to get a new car though.. but not so soon lah..since buy car = rugi! haha…
Posted by robbstar on 29 October, 2009 at 11:02 pm
I’m getting confused over which Michelle I’m replying to sometimes… LOL Anyway…. it could only be one from the proton.. hahaha
saddening.
Yeah lar… buy car really rugi leh…. I don’t even have secondhand car to use leh…