Nice Car or watches?

[P1723]

depreciation for a car is way too much.
watever we buy here is easily 3-5 times higher depending on brand over there.
watch,no need pay rd tax and insurance

[chesterchong]

buying a watch is definitely more worth it. resale value as well as depreciation is definitely lower than a car. Especially in Singapore due to the high "paper value" of cars, my vote goes to buying a watch/asset that can hold its value..

[Trinidad]

it all depends on who u want to impress.
to impress friends- either car or watch is good
to impress boss- cheap car and casio
to impress GF/flings- nice car and nice watch
to impress wife- nice bank account (so u can buy them more birkins chanels prada and gucci)

Aiyoh, it will never end.

[azzuraz]

Haha, dude, nice cars and expensive watches will never be PRACTICAL, not here, not anywhere......

But not practical doesnt mean not possible.....

At least it was practical for me when I was in Europe for the last two years.... cars and houses were so much cheaper.

[Leesean]

it all depends on who u want to impress.
to impress friends- either car or watch is good
to impress boss- cheap car and casio
to impress GF/flings- nice car and nice watch
to impress wife- nice bank account (so u can buy them more birkins chanels prada and gucci)

[Trinidad]

It would be great to have nice cars and beautiful watches to go hand in hand... but the reality is that it just isn't practical for such perfect match to happen in Singapore. If cars in Singapore were without COE and as cheap as those in Europe or US... owing nice cars, big houses and beautiful watches would had been more possible. A fine timepiece may last you eternity but a car in Singapore is not.

Haha, dude, nice cars and expensive watches will never be PRACTICAL, not here, not anywhere......

But not practical doesnt mean not possible.....

[azzuraz]

It would be great to have nice cars and beautiful watches to go hand in hand... but the reality is that it just isn't practical for such perfect match to happen in Singapore. If cars in Singapore were without COE and as cheap as those in Europe or US... owing nice cars, big houses and beautiful watches would had been more possible. A fine timepiece may last you eternity but a car in Singapore is not.

[Madlancer]

Car is still my weaker spot...

[allxxlla]

Any Rolex > any Merc, BMW or Audi or better > watches, watches more watches

[gmt8300]

If have to choose one it will be watches

[Trinidad]

Agree, thinking of downgrading my car, so that I can have more money in my pocket to collect new watches!

Thats probably more financially prudent.

Likewise, i'm gonna renew my COE when it comes. No point throwing away 2 gold Rolexes away every year. Throw one away can already, hahaha

[Trinidad]

IMO getting a car now is not worth at all. but if it was before the implementation, a decent car with a decent watch. i believe those who can afford a decent timepiece definitely can afford a decent car

Depends on what you mean by "decent" and what you mean by "afford"

A watch and a car are vastly different.
A decent watch may likely appreciate in value
A decent car will likely never (what happened to COE in last few years was black swan event)

A decent watch will not need maintenance every six months nor petrol nor parking, nor insurance etc...
A decent car requires additional $10k a year for maintenance and usage.

Therefore, someone can buy a decent $10k watch in full cash but he may not be able to afford a decent $100k car even if he takes a loan.

This is simply to show the difference between cars and watches.
There isnt a fair basis for comparison as one could be a "need" and the other purely a want.

[monyat]

Agree, thinking of downgrading my car, so that I can have more money in my pocket to collect new watches!

[torc]

IMO getting a car now is not worth at all. but if it was before the implementation, a decent car with a decent watch. i believe those who can afford a decent timepiece definitely can afford a decent car

[Trinidad]

Watch too. To down 50% for a new car is too much (IMO). Can get a good watch first and see how the COE moves before deciding

Downing 50% for car is a must.
Welcome that rule.