What percentage of your wage do put towards motoring?

Skillmister;30489858 said:
But I have factored in the loan payments as a sort of depreciating savings method as the more "equity" I get the car the more I have towards a house deposit while getting to enjoy having a decent car while I can.

Man maths at its finest :D
 
2 cars in the household, 20% of our total net pay. That covers absolutely everything, we both use them to commute to work, tax, insurance, fuel etc.

And thats me paying for a brand new XF :D
 
2008 630i Convertible

Roughly -

Fuel 200
Maintenance 100
Car Tax 25
Insurance 20
Depreciation 100

<18% net
 
Roughly 4% of household income but doesn't include initial outlay so a bit flawed in terms of comparisons with people paying on short term finance agreements etc.

Edit: For comparison my train ticket costs well over double annual motoring costs!
 
£1390 in fuel per year
Approx £1300 in repairs.
£230 for tyres.
Insurance is £250.
Tax £165
So approx £3.5k over past 12 months.

Not bad.
That's about 17% of this year's take home after tax
 
I do 155 miles a day, currently spend around 6-8% of what I take home on my Focus. It was paid for with cash so no finance etc outstanding.

Dread to think what the DC5 is but that's just a toy.
 
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