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

merlin said:
That makes little sense tbh.
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It makes perfect sense assuming he has nothing else to buy.

As your earnings increase, so does your disposable income, but your living expenses will be around the same level. This means you have more money to buy the things you like.

EDIT: damn, missed the other two replies saying the same thing :o
 
Next car will cost me about 30% I reckon, but the worth of my current car is included in that figure.

Thikn the Clio purchase price was about 20% of my earning back then, a lot less now :)
 
Mickey said:
It makes perfect sense assuming he has nothing else to buy.

As your earnings increase, so does your disposable income, but your living expenses will be around the same level. This means you have more money to buy the things you like.
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But this actually tends not to be the case. As your earnings go up you tend to find your outgoings do too, as people more often than not live to their earnings level. I have a huge amount of disposable income compared to 20 years ago, but as a percentage of my income its not that much more as my other outgoings have increases pro-rata, hence Merlins question I would suggest.
 
You do "fill out" your spending to your income, I know I do.

These two figures hold hands.

Then I completely overlooked the fact 90% of this forum still live with mummy.

:p
 
merlin said:
You do "fill out" your spending to your income, I know I do.

These two figures hold hands.

Then I completely overlooked the fact 90% of this forum still live with mummy.

:p
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So far I've managed not to do this, however I feel this will change pretty soon :( :) Nothing to do with just having booked a wedding or anything, honest.
 
Ev0 said:
So far I've managed not to do this, however I feel this will change pretty soon :( :) Nothing to do with just having booked a wedding or anything, honest.
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It's not the wife that hoovers up your cash - it's the patter of tiny feet!

I was practically rolling in it up untill the point my little madam came along. :eek:
 
merlin said:
You do "fill out" your spending to your income, I know I do.

These two figures hold hands.

Then I completely overlooked the fact 90% of this forum still live with mummy.

:p
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Well I don't live with mummy :p And I still have around the same non-car outgoings as I did when I was still a student 3 years ago (granted I never lived the poor student life and worked a lot for a software company). I only really see this changing when I buy a place of my own, which probably won't be until I find a woman stupid enough to marry me :p
 
I know, what do you think is next on the agenda after a wedding lol. Although still looking to get a DC5 next :)
 
My next car will come to about 20-25% of my income, I don't really want much (if any) borrowed money, so it'll have to come from whatever I can scrabble together in a couple of months :p

Although on top of that, it costs me 10% of what arrives in my bank account, in fuel to get to work :(
 
merlin said:
It's not the wife that hoovers up your cash - it's the patter of tiny feet!

I was practically rolling in it up untill the point my little madam came along. :eek:
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They can only hoover up so much :p Having a kid is another cost which won't vary a massive amount from person to person (for essentials obviously, you might spoil the kid, that's your own fault ;) ). Although I can appreciate it will probably feel like a big hit in the wallet.
 
well.... i just bought a car for £300 and my wages for the last fortnight were 12 times that amount (for one week)

It really did break my heart to spend 300 nicker on a motor.
 
Mickey said:
It makes perfect sense assuming he has nothing else to buy.

As your earnings increase, so does your disposable income, but your living expenses will be around the same level. This means you have more money to buy the things you like.

EDIT: damn, missed the other two replies saying the same thing :o
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When you earn more you live in bigger better places:D
 
It's not just what a baby costs, it's having your Mrs not working. That's the wounder!

Funny since I've not been running a car I've probably got £400 a month in my pocket, maybe even more.

However, here's the funny bit - do I get to the end of the month and think "heh, cool - still got £4xx in my account I've not spent"?

Do i ****. It's gone.

No idea where - it's just gone!

How the hell does that work?
 
Mickey said:
I don't :confused: (well I do, but it doesn't cost much more than student housing did)
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If you're salary doubled you would stay where you are?

Merlin I know what you mean. I was spending about £400 a month just to pee up the wall in my old place. Now I've moved and try to save I still don't seem to have that much more.

Ah well.

As for the question: No idea, a car is worth what you want to pay for it. I certainly couldnt justify a car over my salary, although I guess finance hides that fact as it all comes down to cash flow
 
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