Swenani wrote:How much do wazuans spend on acquiring a car?
My rule of thumb is not more than 50% of my annual income in acquisition and 5% of annual income on maintenance and running.
Average ownership time span:5-7 yrs
Your philosophy is good.A car is just a flosset whose main purpose is to help you move from Point A to B
It should be under 'others' category in your annual budget.
My purchase price: 4% of my equity dividends
Maintenance: 4% of my kengen
dividends.
Towards the goal of financial freedom