The perils of overspending: Second-hand car purchase led to 7 years of paying debt for Singapore man

0

Purchasing a second-hand car led to seven years of financial nightmare for project engineer David.

The perils of overspending: Second-hand car purchase led to 7 years of paying debt for Singapore man

Tan Ooi BoonInvest Editor

When project engineer David stumbled on the chance to buy a second-hand car without down payment, he felt that it was too good a deal to miss.

David (not his real name) was earning about $4,500 a month and could not afford a new car, as he would need to pay cash for at least 30 per cent of the price.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

Latest headlines and exclusive storiesIn-depth analyses and award-winning multimedia contentGet access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

Subscribe now

*Terms and conditions apply.

Source

Leave A Reply

Your email address will not be published.