US Car buying fun

If you're living there earning USD then it really isn't all that cheap to live. It may seem cheap with your GBP thinking cap on.

Based on what I've seen, a $50k salary in the US will not provide the same sort of lifestyle and disposable income a £50k salary would in the UK. Obviously that's going to be variable and subjective and depends on a lot of things but this is what I have noticed purely as an observation.

From my limited research, car leasing in the US is still relatively cheaper when compared to the UK. However as Iceman has now pointed out, there could be a lot of hidden costs on top of that. Now that I think of it, some states have ridiculous registration fees. For example, in Louisiana, if you buy a second hand car in another state and register it there, you have to pay sales tax on the value of the car on top of your registration fee.

Your last part is very true, in fact it gets worse. I'm fortunate, Florida is one of those odd states where there is no property tax on cars or even an MOT (slightly worrying). In a lot of the states you pay a tax each year which is calculated from the value of your car. I have friends paying $20-30k p/a in taxes on their collections of cars.
 
You have to think $ for £ when you live there, there is no conversion.

My brother was there for 15 months, said it would have cost more to live there not less if his money didnt come from the UK.
 
[ui]ICEMAN;17802710 said:
But this is because you don't live here. Stop converting. Exchange rates DO NOT matter when you live and earn in a country. You just said yourself that there's a 1:1.47 ratio in the favour of the GBP. That means, if you moved to the USA, lets say you were earning 50k a year in the UK and kept the same salary in the USA, 50k p/a,

And this is the flaw. Why would I keep the same salary?

A quick google suggests the Average Employment Income per person in the USA is $41k. The same source gives the Average Employment Income per person in the UK as £22k a year!
 
As for mileage argument, iirc the national stats show that the average for UK and USA is pretty similar.

The official DoT figure for USA is <13.5k
The UK figure is around 11-12k now afaik


[ui]ICEMAN;17802710 said:
So with that in mind, let me give you a choice. You earn 50k in the UK and you want to buy a new R8, it costs what 80k basically in the UK. Now you can move to the USA, still earning 50k but now that same car has a starting price of 114,200 + tax. Which would you rather buy?
You are simply being an idiot now, you keep comparing premium cars from European manufacturers, cars that are manufactured here and will clearly be marked up for the USA market due to being sports cars.

Why not go compare bread and butter cars.

Because if you want to compare sports cars, let's compare the prices of imported Mustangs, Corvettes, Vipers etc ...
 
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[TW]Fox;17802750 said:
And this is the flaw. Why would I keep the same salary?

A quick google suggests the Average Employment Income per person in the USA is $41k. The same source gives the Average Employment Income per person in the UK as £22k a year!

Because your source is wrong, the salary varies vastly state to state, in FL for example and most of the South excluding CA, the average salary sits a couple of thousand above the UK's.

I see it all the time at University here, people assume they're going to walk out with their degrees and earn $100k, the reality of it is they're going to be earning $30-40k at best for the first few years. Even doctors like myself only earn $50k for the first 4 years.
 
[ui]ICEMAN;17802759 said:
I see it all the time at University here, people assume they're going to walk out with their degrees and earn $100k, the reality of it is they're going to be earning $30-40k at best for the first few years.

And over here fresh out of Uni you earn £15-28k at best for the first few years (Except on OcUK where everyone is loaded obviously) not £30-£40k.

So you've inadverently supported my point.

It really doesnt seem like its £ for $ at all.
 
[ui]ICEMAN;17802759 said:
Because your source is wrong, the salary varies vastly state to state, in FL for example and most of the South excluding CA, the average salary sits a couple of thousand above the UK's.

But that is entirely state dependent as you said, and some states such as CA and now TX probably, buckle that trend in the South ... this is before you consider plenty of other states as well.
 
If its £ for $ salary wise why is the GDP Per Capita of the UK and the USA within $5000 of each other?

Surely if a £50k salary here is a $50k salary there the UK should have a much higher GDP per capita than the USA.

Except it doesnt....
 
[TW]Fox;17802780 said:
And over here fresh out of Uni you earn £15-28k at best for the first few years (Except on OcUK where everyone is loaded obviously) not £30-£40k.

So you've inadverently supported my point.

It really doesnt seem like its £ for $ at all.

I don't know what more proof you want. I live here, I earn a very large salary each year and *I* am complaining about the costs of living here vs the UK.

I'm not the type to have an argument for the sake of it, you know me far too well for that. I've lived here long enough to support my opinion and there are others in here too that have had first hand experience of my point. Lets not forget that you don't have health insurance coming out of your salary either, which while it's largely balanced by the lower income tax, can do some serious damage to you financially if you're unlucky and can't get the coverage you need.

Edit - Almost everything in the USA if you equated 1:1 costs MORE in generic currency. You would need a higher salary in $ just to overcome that. I will concede that in the USA salaries are slightly higher, but they're not high enough to equate similar living costs.
 
[ui]ICEMAN;17802803 said:
I don't know what more proof you want. I live here, I earn a very large salary each year and *I* am complaining about the costs of living here vs the UK.

I think your large salary is isolating you from the rest of the market. It might well be the case that once you reach a certain level of earnings power there is £ for $ parity.

But I certainly dont think it's the case for lower jobs. You yourself have said people coming out of Uni are 'lucky to get 30-40k'. Thats £18-£25k which is infact almost exactly what the typical range for a graduates starting salary is in this country.

It would be £30-£40k if you what you say is true, surely?
 
Now let me demonstrate to you with conclusive proof that EU chicks > American

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Conclusive proof, much like my 3 week holiday there last year showed me all I need to know about £ vs $, UK vs USA living expenses.

Of course I too also look at BMW forums, which tell me conclusively that 8 year olds earn $70k a year.

Lock the thread now please, point proven, facts presented, argument won. [ui]ICEMAN is probably a 12 year old boy living in Surrey posting from his parents bedroom, can I get my internet detective points as well now the thread is being closed.
 
Keep in mind my uni is medical, those professions pay higher by their very nature. All of the employees in my wife's company earn $20-22k a year except for the execs who earn $50k.

- Please refer to my edit in my previous post too.

Even if the salary in the UK is lower for grads than than in the UK, on a 1:1 basis, everything or almost, costs more in currency than it does in the UK. The cars I've mentioned are hugely more expensive and computer hardware is also much more expensive and these are just examples. My point is that if the salary *doesn't* go up by the same % that the prices do, it doesn't take a rocket scientist to work out that we're actually suffering a higher cost of living than in the UK.
 
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Every single source i can find is putting the average wage in the USA at about $42k.

If you are right, why isnt the average wage in the UK £42k?
 
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