Yes it is... that's £10k a month... but I'm a senior with specialist knowledge & finance/phrama experience - so the rates tend to be in the £600-800/day range. I landed a 3 year 5 day a week contract after the 3 month trial period, which is what got me the finance approval. They only wanted 3 month payment history which is what I was able to provide... so I was chuffed... I was expecting to get rejected but went for it anyway.
sorry I was not having a dig at you its none of my business how much you make or spend it on. It was more of a tongue-in-cheek comment.
But with £500 a day that only £115k per year and so unless you have a clever way of getting your money out of a LTD then driving a £150k its quite a large amount of your take home income, but as you say if your money is stuck inside a company and you are getting a good return then the finance does not sound like a bad idea. For me I would always look at how much its costing me per year in interest and then think I should be driving something cheaper, but you only live once.