There, I’ve said it.
Top Gear puts a silly smile on my face but the reality of car ownership in Singapore is far less pleasant.
With my limited budget, I could only afford a 20-year-old Mazda MX-5 which needed extensive repairs. Furthermore, I was a vainpot with more money than sense (and I had very little money) so I changed the colour of the car, and its upholstery, which wasn’t strictly necessary.
The total cost of the car + interest on the loan was $41k. I got back $16k from selling the car, so that’s $25k gone. Add in road tax, insurance, and all the repairs and upholstery, and we’re looking at a total of $40k, easy.
That $40k would have covered 3 years of rent while I was in school. To say I regret it might be an understatement.
I did love taking the car out for drives. I didn’t enjoy maintenance and I certainly felt stupid paying for a car I rarely used, but at the time that I bought it, I didn’t anticipate going back to school. Hindsight is 20/20 but it doesn’t take away the fact that I was impulsive and took bad advice from an enabler.
Add to that the fact that I spent my Sundays giving tuition just to cover the cost of ownership, and it becomes increasingly clear that I couldn’t REALLY afford a car. There’s so much more involved than just the monthly instalments, and I personally am not the type to drive when I’m feeling lazy and can take an Uber instead.
All the same, am I looking forward to getting an ND? Oh yes, but that can wait till I’m nearing 40.