merkin

(for a change)


Out of interest - what percentage of your annual salary do you feel is acceptable to spend on buying a car?

TelBoy

Stop looking for justification on here - WRITE THE CHEQUE!!!!

Miss TSport

Well my car was 14k ish and my wage is 14.2 (i am only 23) so i say 100%!!!!

Dont forget that all the wages after go on modding


T

merkin

Tel - im afraid the Vanquish is out for this month

Badger Stuffer

Merkin.....Don't say the "V" word. The wife is after me buying her one.

Holy Ghost

all of it. only then will you be able to afford a chariot of fire [admittedly a company car].

SiDHEaD

Agree with 100% (more maybe??)!! My wage is 14.5k (i'm 20) and I just bought a car for 12k and once u add in the tracker and the insurance @ 3k its more than my wage for this year

Holy Ghost

lo dear child, my line of credit is exceptional.

dogmaul

well im on 20k and im looking at getting a clio 172 for about 12k over 48 months at 8% so thats about 280 a month i think thats about 21% of my monthly pay

marty_t3

..... erm ... i usually spend about 20-25% of a years salary at most. But then again, my credit rating is shot and i have to pay cash.

scooby-new

I reckon no more than 4-6 months wages. I would never buy a car using a loan or any other form of credit. It seems like madness to pay interest and depreciation costs.

SWRTWannabe

Get married. Then you can spend your wife's salary

Guess the answer depends on your other outgoings - if you can afford to pay more, I guess you do get what you pay for!

dogmaul

thats the thing why pay more and not be able to do anything else thats why i dont understand why people pay any more than 1k for insurance unless they earn like 30k plus i struggled to get to the 3rd week of the month with any money left when i was on 16.5k and i only had £159 for the car, £100 rent, £20 mobile, and about £200 for other stuff and from £1044 a month i hav about £520 and that whent on well drink, food and petrol.

TurboKitty

I pay more, (a *lot* more), than 1k per year for my insurance because I think the Scoob is worth it, and because I can.

When I reach the stage where I can't, or where I want other things more than I want the Scoob, I'll sell the Scoob.

Seems like a simple concept to me.

moses

10000 to 15000 grand iwouldnt wanna buy a brand new car nowadays merkin, loose to much money when your in need of cash

moses

sorry that money was for buying a car and keeping it at least for 3 to 4 yrs and spendm maybe a 2 to 3 grand tuning it everyyear

The Zohan

Depends or your other commitments.

when i was 20 or so earning well, living at home, few commitments - i used to spend shed loads on cars. I now earn probably three/four times as much, have a mortgage, kid on the way so i now spend less.

As a rule of thumb as much as i can get away with.

SiDHEaD

same boat as me really. Live at home with parents (till gf finishes uni) and i dont like wasting money on alcohol, so it doesnt matter that nearly all of wage a month goes on my car.

Andy