What proportion of your salary would you spend on a car?

Well last year I spent about 7% of my salary modding the 5. But when purchasing a car I'd happily go up to about 20% which gets me a decent car for my money if I wanted to. :)
 
I've spent 11% on the actual car, then 9% to insure it and 7% to run it 2% on degradable. I could do a lot better for the money but not until the insurance drops, doubt until I really can afford to get anything better I wouldn't spend any higher a percentage, of course if I get a better job the percentage will fall but not by more then 2-3%. I'd always rather spend the money on a Holiday, Games or going out.
 
Last car works out at 4.8% although I looked into cars costing 10 times that before deciding it wasn't worth it.
 
I spent around 25% of my salary on my car but it was an outright purchase, can't be dealing with the hassle of credit/lease etc....
 
I spent around 5% (at the time) to buy it, and these days around 2% to run it.....

I do sometimes think about buying a new car, and again I'd spend about 5% upfront to buy it, though these days it will get me something a little better than the old wreck of a Mondeo.
 
I think I'm realising how much I spend on cars compared to some people... My previous car was about 50% of my salary at the time.

Running cost wise they tend to be significantly better though.
 
Dolph said:
I think I'm realising how much I spend on cars compared to some people... My previous car was about 50% of my salary at the time.

Running cost wise they tend to be significantly better though.
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just out of interest how many years have you financed the S3 over? what percentage of your net montly income is going back out on the car? just wondering :)


My car cost me 15% of my yearly income when i bought it, but my wages have since doubled....so quite a small percentage!

Tom.
 
certainly no more than 50%, prob like to keep it below 40%, never gone above 40% so far , of course I only buy every 2-3 yrs
 
rG-tom said:
just out of interest how many years have you financed the S3 over? what percentage of your net montly income is going back out on the car? just wondering :)
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3 years, £10k down, net income (household) it's about 10%. I do have enough cash to have bought the car outright, but I'd rather have the safety net and keep the money earning interest just in case.

My car cost me 15% of my yearly income when i bought it, but my wages have since doubled....so quite a small percentage!

Tom.
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It's quite scary sometimes how quickly circumstances change :)
 
Current motor was 35% of my salary before deductions.

That was a bit of a one off treat for myself though, I wouldn't go over 25 to 30% again I don't think.

Plan to keep it for 3 years at the moment but that might change.
 
Company car now, costs me about £80 a month.

Was going to buy a weekend toy, but that money has now been spent on bricks and mortar. It was the right thing to do. Boring :(

I'm desperate for a nice car again.
 
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