How much do people spend on cars?

My Golf on PCP including everything is around 22% of my annual salary. Only suppose to do 5K PA, had it 7 months and already done 10K miles.

Good job I trade themark in after 12-18 months so don't have to worry about excess mileage charges.
 
[TW]Fox;29760345 said:
Yes you do, you just don't realise it. It's built into the next deal you get... it gets rolled up each time..
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In a way yes, but I get them from a friend and he gets staff deals for me so could be a lot worse.
 
Fuel and consumables hit me the most - Spent £1k on new brakes a couple of months ago, for example. It's an A4 which is now 6 years old so as you can imagine, things start to need replacing and it likes to drink petrol at a good rate.

I think that's the last time I'll buy as it's making more financial sense for me to lease new exec cars through the company going forward.
 
£265.00 Tax P/A
£216 ~ Tracker
£810 Insurance
£100 ~ on fuel P/M

Other then initial cost of the car mines pretty cheap to run, however, a replacement brake disk or disks could be a little eye watering if required.
 
My 2 cars cost me around £300 a month (15% of monthly wage) all in for fuel, insurance and maintenance. One is a new Golf on lease the other a 16 year old Micra!
 
skaif said:
My 2 cars cost me around £300 a month (15% of monthly wage) all in for fuel, insurance and maintenance. One is a new Golf on lease the other a 16 year old Micra!
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Is that "all in", or does that not include the lease cost?
 
Spent about 3k on it in the last 5 months, only cost me £3.5k. God damn old car. But the sound makes it worthwhile. :D
 
My Type R costs me about 6% of my annual income. Not bad for a thirsty hot hatch :D

It's probably one of the main reasons I've kept it so long as it really doesn't cost me anthing :)
 
Rule of thumb is for your (total) monthly expenditure to not exceed 20% of your monthly take home.
 
nas said:
Rule of thumb is for your (total) monthly expenditure to not exceed 20% of your monthly take home.
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For cars or for everything? Because if you mean for ALL expenditure, you'd have to live on the street...

I reckon my A6 costs me around 6% of my gross pay, but because I'm self-employed, all car-related expenses reduce my taxable income, and I can't be bothered to work that out :p
 
nas said:
Rule of thumb is for your (total) monthly expenditure to not exceed 20% of your monthly take home.
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Seems a bit of a blanket statement. If your car is also your hobby (Such as myself for example) then why not spend more, since you're most likely to reduce spending in another area?
 
I don't know....

in the new car so far average £5.75 per day on fuel, although it's pretty high at the moment due to work, should quiet down later in the year.
£450 insurance
£290 tax

I pay the car, tax and insurance in lump sums so only have to worry about fuel. The longer I keep the car, the cheaper it'll average out...if nothing breaks so can really know the number when i move it on.
 
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shauncr91 said:
Seems a bit of a blanket statement. If your car is also your hobby (Such as myself for example) then why not spend more, since you're most likely to reduce spending in another area?
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Pretty much my logic, I'll spend what ever I want tbh I don't have a set limit but I have a safe fund in my bank and that's that..
 
I record all my car related expenses so it's easy to work out. For everything - fuel, tax, insurance, servicing, repairs, depreciation - about 12% of my gross income.

If I exclude depreciation it's about 8% at the moment.
 
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