Wealth Awakening
Earning NT$50K/Month? Financing a Car Could Cost You NT$5 Million Over 10 Years
The salesman says NT$10K/month is a breeze, but did you actually calculate the license tax, insurance, parking, gas, maintenance, and tolls? The real monthly burn is NT$26K — NT$3 million gone in a decade on car costs alone, and over NT$5 million once you factor in depreciation. Dump that down payment and monthly expense into a broad-market index fund instead, and compound interest would have turned it into NT$5.18 million. This article tears open the brutal ledger: the poor buy cars, the rich buy assets.
