Possible Poll - What percentage of annual income was your car worth at time of purchase?

Jonnycoupe · 4 Dec 2019 at 22:45

I don’t buy mine. But it’s either end of the poll in terms of retail price and then cost per month

alec · 5 Dec 2019 at 08:52

15%
used, paid outright
With insurance and first service (new suspension, new tyres) that went up to 20%.

KillBoY_UK · 5 Dec 2019 at 09:30

1.4%. Its my first car even though im 34)

andicole0 · 5 Dec 2019 at 10:02

Maccapacca said:
313%

200% of family income but 400% of my income
Andi.

Chris1712 · 5 Dec 2019 at 10:26

75% on my latest purchase, 44% on the previous. It is scary when you look at it objectively, but cars and driving are basically the thing I earn money for so you gotta spend it!

Cleisthenes · 5 Dec 2019 at 10:34

At the time I think about 30%

I thought mine was relatively high but I guess not

andicole0 said:
200% of family income but 400% of my income
Andi.

Aren't you retired though? That's cheating

weathmatth · 5 Dec 2019 at 11:49

My current car was 55% brand new.

Liquidfox · 5 Dec 2019 at 12:53

Well over 50%, the joys of PCP.

Em3bbs · 5 Dec 2019 at 13:32

Don't flaunt your wad Jeremy, it's not becoming.

Ryan-3 · 5 Dec 2019 at 13:57

Was 75% till a pay-rise, then only 66%

Low-interest HP agreement made it quite affordable (even got a cheque for over-payment last week). I am now on Shanks' pony..

shadow_boxer · 5 Dec 2019 at 14:03

Lots of single figures here. Clearly we have some very well off people. Are we talking deposits paid upfront or list prices?

Vauxmad · 5 Dec 2019 at 14:53

Bought current car in May, 52% of annual salary, bought outright using savings and receive car allowance which in theory pays me back in 4 years.

mccarf · 5 Dec 2019 at 15:25

Around 8% outright. Unfortunately, it was a cheap car rather than me being well off.

AiiR · 5 Dec 2019 at 15:28

shadow_boxer said:
Lots of single figures here. Clearly we have some very well off people. Are we talking deposits paid upfront or list prices?

I mean this is the internet.

Phil99 · 5 Dec 2019 at 15:44

shadow_boxer said:
Lots of single figures here. Clearly we have some very well off people. Are we talking deposits paid upfront or list prices?

OP mentions that they're buying a new car but presumably at least some of the responses are used cars.

If used cars count then mine were also single figure % for both the cars I've bought. One was an 8 year old MK2 Focus and the other was an 8 year old Fiesta a couple of years after that. You don't need to be particularly well off to manage single figures on either of those!

ttaskmaster · 5 Dec 2019 at 17:21

shadow_boxer said:
Lots of single figures here. Clearly we have some very well off people. Are we talking deposits paid upfront or list prices?

There are various ways to interpret it. Worth at time of purchase could mean that £500 Škoda you bought second hand... or it could mean that £45,000 Beemer you picked up to celebrate a pay rise.
But yes, various threads show we have some people here on £50kpa and some well over that...

IvanDobskey · 5 Dec 2019 at 17:47

About 35% I guess

adam cool dude · 5 Dec 2019 at 18:27

I know someone who just bought an AMG GT 63s Four door which was over 700% his salary. He has a better car than the general manager of our site! Before you ask i do not know where he got the money from!

Deus Ex · 5 Dec 2019 at 18:37

shadow_boxer said:
Lots of single figures here. Clearly we have some very well off people. Are we talking deposits paid upfront or list prices?

Lots of cheap second hand cars?