• Personal Banking
  • Corporate Banking
  • For Shareholders
  • About Us
  • SCB Global Network
    • Cambodia
    • China
    • Myanmar
    • Vietnam
SCB SCB
  • Our Products
    • Loans Loans
    • Cards Cards
    • Deposits Deposits
    • Insurance Insurance
    • Investments Investments
    • Payment Payment
    • Digital Banking Digital Banking
    • Other Services Other Services
    All Loans

    I WANT

    • Home Loans
    • Car Loans
    • Personal Loans
    • Business Loans

    RELATES LINKS

    • Rates & Fees
    • Title deed redemption service
    • Track Loan Application Status
    All Cards

    I WANT

    • Debit Cards
    • Credit Card
    • Prepaid Card

    RELATED LINKS

    • Track Credit Card Application Status

    All Deposits

    I WANT

    • Savings Account
    • Current Accounts
    • Fixed Deposit Accounts
    • Long Term Deposit Account
    • SCB Payroll Solution

    RELATES LINKS

    • Rates & Fees
    • Terms and Conditions
    • Product Sales Sheet
    All Insurance

    I WANT

    • Accident Insurance
    • Savings Insurance
    • Health Insurance
    • Others Insurance

    RELATES LINKS

    • Online Claim Service
    All Investments

    I WANT

    • Mutual Funds
    • Debentures
    • Bonds
    • EASY-D
    • Equity

    RELATES LINKS

    • Investment Glossary
    • Terms and Conditions
    All Payment Services

    SERVICES

    • Payment
    • Direct Debit
    • Top Up

    RELATES LINKS

    • Rates & Fees
    All Digital Banking Services

    SERVICES

    • SCB EASY App
    • SCB Connect
    • SCB PromptPay
    All Other Services

    SERVICES

    • Business Solution
    • Domestic Fund Transfer
    • Other Services International Remittance Service via SWIFT
    • Other Services Foreign Exchange
    • Tele-consultation with specialist Doctors
  • Stories & Tips
  • FAQ
  • ไทย
  • EN
Login
  • SCB Easy App SCB Easy App
  • InnovestX online InnovestX online

Personal Banking ไทย

Personal Banking
    • Cards
    • Loans
    • Cards
    • Deposits
    • Insurance
    • Investments
    • Payment
    • Digital Banking
    • Other Services
  • Stories & Tips
  • FAQ

Corporate Banking ไทย

Corporate Banking
    • Credit Facilities
    • Investment Banking
    • Capital Markets
    • Cash Management
    • Financial Markets
    • Corporate Trust
    • Digital Banking
    • Trade Finance
  • International Network
  • Why SCB

Personal Banking

Corporate Banking

For Shareholders

For Shareholders ไทย

  • For Shareholders
  • Financial Information
  • Stock Information
  • The Interim Dividend Payment
  • Shareholders FAQ

About Us

About Us ไทย

  • About Us
  • Board of Director
  • Senior Executive Officers
  • CSR
  • Awards and Ranking
  • Sustainability
  • News
  • Corporate Governance
  • SCBX Group
  • Sustainability
  • Vulnerability Exposure Policy

SCB Global Network

SCB Global Network ไทย

  • Cambodia
  • China
  • Myanmar
  • Vietnam

Personal Banking ไทย

All Cards

I WANT

  • Debit Cards
  • Credit Card
  • Prepaid Card

RELATED LINKS

  • Track Credit Card Application Status

All Loans

I WANT

  • Home Loans
  • Car Loans
  • Personal Loans
  • Business Loans

RELATES LINKS

  • Rates & Fees
  • Title deed redemption service
  • Track Loan Application Status
All Cards

I WANT

  • Debit Cards
  • Credit Card
  • Prepaid Card

RELATED LINKS

  • Track Credit Card Application Status

All Deposits

I WANT

  • Savings Account
  • Current Accounts
  • Fixed Deposit Accounts
  • Long Term Deposit Account
  • SCB Payroll Solution

RELATES LINKS

  • Rates & Fees
  • Terms and Conditions
  • Product Sales Sheet
All Insurance

I WANT

  • Accident Insurance
  • Savings Insurance
  • Health Insurance
  • Others Insurance

RELATES LINKS

  • Online Claim Service
All Investments

I WANT

  • Mutual Funds
  • Debentures
  • Bonds
  • EASY-D
  • Equity

RELATES LINKS

  • Investment Glossary
  • Terms and Conditions
All Payment Services

SERVICES

  • Payment
  • Direct Debit
  • Top Up

RELATES LINKS

  • Rates & Fees
All Digital Banking Services

SERVICES

  • SCB EASY App
  • SCB Connect
  • SCB PromptPay
All Other Services

SERVICES

  • Business Solution
  • Domestic Fund Transfer
  • Other Services International Remittance Service via SWIFT
  • Other Services Foreign Exchange
  • Tele-consultation with specialist Doctors

Corporate Banking ไทย

All Credit Facilities

Services

  • Overdraft
  • Promissory Note
  • Clean Bill Discount
  • Long Term Loan
  • Letter of Guarantee
  • Standby Letter of Credit
  • Acceptance Aval

Related Links

  • Rates & Fees
  • Foreign Exchange Rate

All Investment Banking

Services

  • Financial Advisory
  • Merger Acquisition

Related Links

  • Rates & Fees
  • Foreign Exchange Rate

All Capital Markets

Services

  • Fixed Income Instrument and Underwriting Service
  • Structured Finance
  • Project Finance

Related Links

  • Rates & Fees
  • Foreign Exchange Rate

All Cash Management

Services

  • Business Collection
  • Business Payment
  • Account Management
  • Business e-Channel

Related Links

  • SCB Business Anywhere
  • SCB Business Net
  • Foreign Exchange Rate

All Financial Markets

Services

  • Foreign Exchange Rate Risk Management
  • Interest Rate Risk Management
  • Investment Solutions

Related Links

  • Rates & Fees
  • Foreign Exchange Rate

All Corporate Trust

Services

  • Custodian
  • Mutual Fund Supervisor
  • Registrar
  • Escrow Agent
  • Security Agent
  • Debenture's Holder Representativ
  • SCB Custodian Net

Related Links

  • SCB Custodian Net
  • Rates & Fees
  • Foreign Exchange Rate

All Digital Banking

Services

  • SCB Business Anywhere
  • SCB Business Net
  • SCB Trade Net
  • SCB Custodian Net
  • SCB FX Online
  • SCB Business Promtpay
  • SCB Digital LG

Related Links

  • Rates & Fees
  • Foreign Exchange Rate

All Trade Finance

Services

  • Import
  • Export
  • Additional Trade Services
  • SCB Trade Club

Related Links

  • SCB Trade Net
  • SCB Business Anywhere
  • SCB Cross Border Payment Tracking
  • Rates & Fees
  • Foreign Exchange Rate

SCB

KEYWORD SUGGESTIONS

  • Loan
  • Credit Card
  • Insurance
  • Investment

Recent searches

  • All()

ผลการค้นหา "{{keyword}}" ไม่ปรากฎแต่อย่างใด

empty

  • empty

Use and Management of Cookies

We use cookies and other similar technologies on our website to enhance your browsing experience. For more information, please visit  our Cookies Notice.

Accept
  • Personal Banking
  • Stories & Tips
  • Home & Car
  • Your first big purchase: car or home?
  • Personal Banking
  • ...
  • Your first big purchase: car or home?

STORIES & TIPS

Your first big purchase: car or home?

share Share
Your first big purchase: car or home?

19-07-2018

Soon after you begin to earn a salary, you might start dreaming how to spend it. For most people, the important thing to buy is a car or a home. But either purchase is probably a challenge because it is so expensive compared to what most of us earn or have saved. You probably won't have enough cash to buy it outright. Aspiring to ownership of a car or home usually means getting a loan and paying monthly installments.

Before taking out a loan, however, it's important to figure out your readiness and your personal goals. Getting a home or car will probably have drawbacks as well as benefits. So here are some points to keep in mind as you decide whether to proceed and how:

1. Can you afford it?

It's crucial to assess how much you can afford to devote to installment payments each month. Start by figuring out your monthly income and expenses. Keep in mind that you'll have several new expenses after purchasing a car or house:

  • Cost of acquisition : Calculate the down payment, loan principal and interest carefully. Can you really afford the monthly installment? Your total installment payments should not be more than 40 percent of your income. For example, if you earn a salary of 30,000 baht, you would be able to pay installments of no more than 12,000 baht per month. And your readiness will also depend on your other debt obligations and expenses.
  • Cost of ownership : When you buy a home or a car, soon you'll have a number of new expenses to take care of. For a home, you'll need to pay for maintenance as well as common area fees in a condo building. For a car, you'll pay for maintenance, fuel, insurance and parking. Add up these expenses and figure out how much they will cost per month.

Your calculations might show that your net income is just too small to shoulder such a big purchase. Then it's time to consider whether you should try to increase your earnings or reduce your other debts or expenses. Perhaps it's better to buy a more affordable asset that's appropriate for your financial status and repayment ability?

2. What do you need most and first? 

You should prioritize your asset purchase plan according to need. Make a checklist to help think more clearly about the pros and cons.

  • What do you already have? What do you lack? Your real needs might be different from those of your relatives, friends and colleagues. If you live with your parents and don't plan to marry, perhaps you need a car more than a home? If you'll get a hand-me-down car from your parents and you plan to get married and raise children, then it's time to think about buying a house.
  • How will it benefit your daily life? If you drive to work and travel a lot, then owning a car will make things easier. If your workplace is nearby or easy to reach by mass transit, then getting a home might be more advantageous. Please bear in mind that you might change your place of work someday, so think ahead to make the right decision.
  • How will it benefit your personal finances? If you are single and living on your own, you might face a choice between renting a home and buying a car on the one hand, and using mass transit and buying a home on the other. Which is better? You might think it's better to get a car first, since it will help you commute and earn a living as you save up for a home. You might decide, however, that buying a car won't really help you increase your income or reduce your monthly financial burden. Instead, it will weigh you down with an asset that depreciates rapidly. Then it might make sense to opt for buying a home, since its price is likely to rise. The sooner you get one, the more you'll gain.

In all these considerations, the important point is to figure out whether you can repay a loan without excessive strain. If you can, then you should decide which you need more. Is it a home or a car? Which is more useful? Which will provide greater financial value? Think carefully to make the right decision for your first big-ticket purchase.

shareShare

Related Stories

  • Want to buy best value for money used car? This is how to do it.
  • Successful home renovation: a few tips.
  • How to pick the right insurance for you?

Other Stories you may be interested in

  • Tips for You

    How to deal with the digital threat like e-mail ransom

  • BUSINESS MAKER

    “Healthy Foods” Hot Trend for Entrepreneur

SCB EASY App
SCB EASY App
LINE OA SCB Connect
LINE OA SCB Connect
SCB Call Center
SCB Call Center

SCB CALL CENTER

0 2777 7777

OUR PRODUCTS

  • Loans
  • Cards
  • Deposits
  • Insurance
  • Investment
  • Payment
  • Digital Banking
  • Other Services

ABOUT US

  • About SCB
  • Corporate Governance
  • Sustainability
  • CSR
  • News
  • Careers at SCB
  • SCBX Group

USEFUL LINKS

  • Stories & Tips
  • Economic Intelligence Center

SCB CALL CENTER

0 2777 7777

INTERNATIONAL NETWORK

  • Beijing (China)
  • Shanghai (China)
  • Hong Kong (China)
  • Singapore
  • Vietnam
  • Cambodia
  • Myanmar
  • Laos

SCBX GROUP

  • SCB X PCL.
  • SCB Asset Management Co., Ltd.
  • InnovestX Securities Co., Ltd.
  • SCB Protect Co., Ltd.
  • Abacus Digital Co. Ltd.
  • SCB-Julius Baer Securities Co., Ltd.
  • SCB 10X Co., Ltd.
  • MONIX Co., Ltd.
  • CardX Co., Ltd.
  • SCB Data X Co., Ltd.
  • AUTOX Co., Ltd.
  • SCB Tech X Co., Ltd.

SUPPORT

  • Contact Us
  • FAQs
  • Terms of Use
  • Privacy Notice
  • Security Tips
  • Anti-Corruption and Bribery Policy
  • Vulnerability Exposure Policy

© Copyright 2025 The Siam Commercial Bank Public Company Limited. All rights reserved.

SCB

KEYWORD SUGGESTIONS

  • Loan
  • Credit Card
  • Insurance
  • Investment

Recent searches

  • All()

ผลการค้นหา "{{keyword}}" ไม่ปรากฎแต่อย่างใด

empty

  • empty
You are exiting the Bank's website and entering

xxxx


which is the third’s party website or application.

 

We suggest you to review privacy notice and product terms and
conditions on such website or application before executing any transactions.

Cancle Confirm

xxxx