Sorry just seen this, that is indeed all in including the lease cost.
Lease is 150, insurance is around 80 a month for the 2 and I spend around 60 a month on fuel which leaves me with tax and the minimal maintenance on the Micra!
How much do people spend on cars?
- Thread starter EvilRob
- Start date
Sorry just seen this, that is indeed all in including the lease cost.
Lease is 150, insurance is around 80 a month for the 2 and I spend around 60 a month on fuel which leaves me with tax and the minimal maintenance on the Micra!
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Soldato
- Joined
- 29 Dec 2009
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- 7,317
I daren't add it all up, well into five figures that I won't see again (i.e. resale etc) in the past 12 months now easily 
Between the two I spend £50 on tax, about £75 on insurance, £5 on MOT, ~£20 on consumables (tyres, pads, fluids), £120 fuel per month, ~£3300 per annum.
Only failures on MOT this year was 2 tyres on the VX, and hand brake on the X5.
Bit skewed as I spent ~£700 to get the timing chain guides (did all chain and all gaskets too) a couple years back on the X5. I also spent about £500 on bits for the VX last year that were wants rather than needs and wouldn't really see that as a cost towards ownership but rather cash towards my hobby.
Should add that I paid £5.1K for the X5 in 2013, I would think that it's probably around that. Paid £10K for the VX and would say it's probably appreciated a little in the 12 months I've had it. I'd say that right now I'm level on appreciation/depreciation and if anything it'll continue to appreciate between them as the X5 is pretty much rock bottom.
Only failures on MOT this year was 2 tyres on the VX, and hand brake on the X5.
Bit skewed as I spent ~£700 to get the timing chain guides (did all chain and all gaskets too) a couple years back on the X5. I also spent about £500 on bits for the VX last year that were wants rather than needs and wouldn't really see that as a cost towards ownership but rather cash towards my hobby.
Should add that I paid £5.1K for the X5 in 2013, I would think that it's probably around that. Paid £10K for the VX and would say it's probably appreciated a little in the 12 months I've had it. I'd say that right now I'm level on appreciation/depreciation and if anything it'll continue to appreciate between them as the X5 is pretty much rock bottom.
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My 911 is the everyday car so
20 tax
150 petrol
80 warranty
70 insurance
125 parking
Total £450 which is about 20% of my take home pay.
No idea on depreciation but it's probably 400 per month.
I'm not going to think about how much the other cars cost to run.
20 tax
150 petrol
80 warranty
70 insurance
125 parking
Total £450 which is about 20% of my take home pay.
No idea on depreciation but it's probably 400 per month.
I'm not going to think about how much the other cars cost to run.
Do you have like a couple of mil put aside for cars/living or what ?
Do you have like a couple of mil put aside for cars/living or what ?
I believe he does, yes...
My Octavia is £90 a month insurance, £15 a month tax, £90 a month diesel (at the moment).
£195 a month. I could get the insurance down quite a bit though, to around £60 a month. Its pricey because its still on the old multi-car policy, on its own...
When I eventually change cars the total monthly combined will probably be closer to £350, but lets not think about that, eh.
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Do you have like a couple of mil put aside for cars/living or what ?
Something doesn't add up does it
I own both my cars outright, bought for about 25% of my income.
God knows how much I spend on them though, that depends what I buy for them.
My MX5 has had more in parts than it cost me to buy and I get about 170/180 miles to a tank of petrol (£50ish) if I commute in it, 300 miles if I stick it in 6th for a long trip and somewhere in the middle if I go for a fun drive.
Track days will obviously add up in consumables.
I also pay over the odds on insurance, I'm 40 and pay about £900 per year in total for a supercharged MX5 and a Clio RS 200, but that's because my postcode is considered risky, so I offset that with cheap as chips rent and council tax as I rent off my brother in law.
Driving is my hobby though, when you compare the costs of having a couple of fun cars versus, say, golf clubs and a membership at a decent course it's not too bad.
God knows how much I spend on them though, that depends what I buy for them.
My MX5 has had more in parts than it cost me to buy and I get about 170/180 miles to a tank of petrol (£50ish) if I commute in it, 300 miles if I stick it in 6th for a long trip and somewhere in the middle if I go for a fun drive.
Track days will obviously add up in consumables.
I also pay over the odds on insurance, I'm 40 and pay about £900 per year in total for a supercharged MX5 and a Clio RS 200, but that's because my postcode is considered risky, so I offset that with cheap as chips rent and council tax as I rent off my brother in law.
Driving is my hobby though, when you compare the costs of having a couple of fun cars versus, say, golf clubs and a membership at a decent course it's not too bad.
Probably 3% gross and then 5% nett. Obviously people have different priorities, but for me personally I don't think I'd want to spend more than about 10-15% after tax. Then again not everyone has a big mortgage or any other expensive hobbies.
You do hear of people in my area with Bentleys, Porsches and so on, paying ~£1-1.5k a month on finance, but still living at home.
You do hear of people in my area with Bentleys, Porsches and so on, paying ~£1-1.5k a month on finance, but still living at home.
1k a month on finance, ouch. Never saw the point in financing a car. I can afford to but don't see the point. Rather have a shed every couple of years and run it into the ground. I guess it is down to priorities.
Saying that due to past bad experiences I think if I had financed a car from the start I would have been better off financially. Live and learn and all that.
Saying that due to past bad experiences I think if I had financed a car from the start I would have been better off financially. Live and learn and all that.
[TW]Fox;29766649 said:A Dr House post that raises more questions than it answers? Surely not
It really does.
If £450 is 20% of takehome, it means his actual takehome salary is £2250. This equates to an annual salary of £35,000 (Gives you £2247.27 per month), more if there's pension deductions, student loan etc.
How someone on £35k could afford to buy a car worth double that, at least, is relatively easily explainable (inheritance, rich parents or similar) but why you'd spend such an amount on a car when you earn that amount is really baffling. The other option is he's a lot older than most people here and he's retired with no mortgage. Although his profile says he's 34 so....
It's quite simple. I did ok when I was younger and save up a bit and sold a very small business I cofounder, I'm now starting again as a junior doctor. My base pay is 30k (ST1 trust grade). I get 12k banding for working nights evening and weekends, 2k london allowance = 44k pre tax so take home is 2.5k after pension, student loan (I did one year in the uk back in 2000) and any other bits that come out.
My house is sorted, I don't need to save from that so I'm happy enough to just spend my income farting around in london on weekends. I'm not working for the money I do it because it's something I want to do and it will lead to a decent stabl job in the future. At the moment I get a lot of satisfaction from what I do so I have not plans to change.
I spend so much time at work excluding the cars I could live off what I make if I needed to.
My house is sorted, I don't need to save from that so I'm happy enough to just spend my income farting around in london on weekends. I'm not working for the money I do it because it's something I want to do and it will lead to a decent stabl job in the future. At the moment I get a lot of satisfaction from what I do so I have not plans to change.
I spend so much time at work excluding the cars I could live off what I make if I needed to.
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That would probably explain why then
I like your thinking...
makes sense, if I had a house I'd be sitting in a brand new mustang
but an old rusty mazda 3 will do for now 
Associate
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About 16% of take home for me including petrol, tax, insurance, repairs etc. It's proving to be an expensive year for repairs on the mito this year. I think the mileage is beginning to take its toll.