What percentage of your wage do put towards motoring?

Wow ive just worked this out as 26%! i knew i spent a lot but i really did not expect it to be such a large proportion of my wage.
 
Well a year has passed and after sitting down and working it out factoring in depreciation and the likes mine has raised to 28.8% but that's mainly due to moving to Poole and working in Salisbury massivley raising petrol costs, though depreciation does contribute a lot. When I go back to London in August it should come back down to a more palatable 15% ish
 
Just re-done mine, can't remember if I included fuel, assume I did, have allowed everything including a bit of depreciation and haven't cheated by comparing against my gross salary :p

For my car and salary only I'm at about 14% of Net

For both our cars and salaries it's about 12% of Net
 
I use my car for work and so although I can often put £100-£200 of petrol in in a month, I will be claiming back pretty much all of that, which generally also covers my personal petrol.

Should I count this in my calculations?

If not I reckon I spend about 3-5% of my wages on my car.
 
mine is ~25% of net wage
mondeo st220 doing about 12 - 15k per year, i normally spend about £200 a month on fuel.

I think if I changed to some sort of diesel motor I could potentially cut my fuel to £130ish a month (currently running on LP?G) tyres would perhaps be cheaper and servicing might be a bit less but overall I dont think it would make me better off,
Even though this car is nearly 10 years old it is (touch wood) very reliable.
 
Surely if we are not taking the purchase of the car into this equation then people with a finance or loan deal are not going to have comparable figures to those who do not.

Because i bought my cars outright, i probably spend less than 1% of our household income for example :confused:
 
For my girlfriend and I, based on our net wage with fuel, tax, insurance, annual service and MOT it works out at 14.4% with two cars.

Both cars will require a set of tyres before the winter so it goes up to 16.4%.

I've also had two hefty repair bills on the Mondeo this year which takes it up to 21.4% :(

My diesel alone is £2,000 a year!

e: in reply to Jez, both of our cars were bought outright two years ago so the purchase price / loan hasn't been factored into the above. Equally, both cars were £3,000 when we bought them so I haven't factored any depreciation into the calculations because it's going to be negligible.
 
23%

This includes; fuel, insurance, tax, depreciation, servicing, maintenance, tyres and brakes etc.

Jez said:
Because i bought my cars outright, i probably spend less than 1% of our household income for example :confused:
Click to expand...

You must be a millionaire...
 
I don't keep track of any costs so to be honest i have no idea, i was more pointing out that people with a loan/finance/pcp agreement are not going to have comparable figures to those who do not making the figures a little skewed. :)

My entire insurance bill is <£1000, my employer covers all of our fuel and then some, and our cars never really go wrong. So i dont think we spend much as a percentage of household income. Certainly there is absolutely no way it could be more than 2%. But that's with cars owned outright and not factoring depreciation of course.
 
I guess one way of looking at it with regards to financed/outright is that even if you own the car outright (which I do, my car at least) then you would always be theoretically putting money away for the next one - for it to be comparable with someone who has financed their car you'd need to distribute the purchase cost over how ever long you had owned the car.

Would be a bit of a palava, allowing the interest on the loan (or guestimating it) for those who are financed is probably easier. I done this and just made a nominal guess at depreciation of £500 /year for the 330 and £750 for the 107
 
Cost including fuel, insurance, tax etc per year is about £2k with £500 in that for MOT, service, repairs etc. on the flip side I get £600 a year payment for being a regular car user and approximately £100 a month in relocation/mileage payments. Last time I worked it out I pretty much broke even with cost neutral motoring for the year, maybe around 1% of nett as worse case.

Didn't see I needed depreciation, starting price was approx 9k and value now is around 1.5k over 9yrs.
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom