Soldato
- Joined
- 19 Jan 2006
- Posts
- 4,525
As I'm in the market for a new car, I was just wondering what seems to be an average spend in relation to income - I was just curious as to what OcUK deems as affordable and worthwhile.
When I bought a car last in 2014 I bought it outright as a cash purchase of 16% of my annual income at the time. I'm looking to purchase something longer lasting but likely to part finance it this time around but I'm wondering how much I can realistically spend.
Would it be possible to have a poll? The price and annual income to be answered as at the time of purchase
Car value <10% of annual income
Car value 10-15% of annual income
Car value 15-20% of annual income
Car value 20-25% of annual income
Car value 30-35% of annual income
Car value 35-40% of annual income
Car value 40-45% of annual income
Car value 45-50% of annual income
Car value >50% of annual income
When I bought a car last in 2014 I bought it outright as a cash purchase of 16% of my annual income at the time. I'm looking to purchase something longer lasting but likely to part finance it this time around but I'm wondering how much I can realistically spend.
Would it be possible to have a poll? The price and annual income to be answered as at the time of purchase
Car value <10% of annual income
Car value 10-15% of annual income
Car value 15-20% of annual income
Car value 20-25% of annual income
Car value 30-35% of annual income
Car value 35-40% of annual income
Car value 40-45% of annual income
Car value 45-50% of annual income
Car value >50% of annual income