Actually, not much at all! Even on a modest salary of $1,500 it is possible.
Do you really want to buy it? Not really.Here’s why.
Monthly installments for a car can be as low as $300. However, there are other miscellaneous costs involve in driving the car.
Do remember to factor in the following:
- The car (loan installments)
- Road Tax
- Insurance
- Parking
- ERP
- Maintenance & Repairs
Radio licence(removed since 2011)- Fines
- and much more!
For a low-end Japanese car, typical usage in Singapore will probably cost you $1,500 a month. Tough.
COE prices are now above $50K for small cars and $70K for big cars. Top 5 makes sold in Singapore in the month of October 2011:
- Mercedes Benz: 444
- BMW: 395
- Volkswagen: 278
- Toyota: 257
- Audi: 215
So earn less than $5K and want to drive? You’re gonna suffer.
Take a loan and go on holiday instead lah 
