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Buy a simple average car for about $200,000, total loss with almost no PARF rebate now.
Add another $50,000 for your car-loan interests, insurance, road tax, fuels and maintenance
$250,000 for ten years, assuming no inflation from now
If you own 4 new cars in your prime years, you need to write-off more than a million dollars from your savings (after-tax income)
Did the Budget 2026 PARF Rebate Cuts Kill Car Ownership aspirations?
https://www.straitstimes.com/singap...rf-rebate-cuts-kill-car-ownership-aspirations
Add another $50,000 for your car-loan interests, insurance, road tax, fuels and maintenance
$250,000 for ten years, assuming no inflation from now
If you own 4 new cars in your prime years, you need to write-off more than a million dollars from your savings (after-tax income)
Did the Budget 2026 PARF Rebate Cuts Kill Car Ownership aspirations?
https://www.straitstimes.com/singap...rf-rebate-cuts-kill-car-ownership-aspirations