How much would you compromise your life to own a decent car?

britboy · Post by **britboy** » Fri Oct 03, 2003 2:36 pm

Whats the maximum PERCENTAGE of your take-home pay you'd consider spending on your car?

We're talking about saving up to buy the thing, or the repayments, the insurance, petrol, the lot.

I know people who can't afford a house but buy a decent car! They are spending directly or indirectly 60% of their wages on their wheels!

Sounds like madness to me ..

but do you think differently?

TheMinel · Post by **TheMinel** » Fri Oct 03, 2003 3:44 pm

house=investment (more than possible profit)
car=loss

percentage-wise... i wouldn't go beyond 20%

paul_y3k · Post by **paul_y3k** » Fri Oct 03, 2003 4:10 pm

gawd i'd hate to think about it, but i reckon at least 50% of my take home goes to the car. and it's paid for too !!
but then surly it comes down to nitrests. If you into cars then you are going to spend more money on them, same as if you were nito mountain bikes (as my mate is) and all his income goes that way.

britboy · Post by **britboy** » Fri Oct 03, 2003 4:18 pm

Yea I reckon I'm at about the 25% mark.

CB · Post by CB » Fri Oct 03, 2003 5:25 pm

but then surly it comes down to nitrests....

What the hell are "surly nitrests"????

Post by **Lyndon** » Fri Oct 03, 2003 6:31 pm

drunken typing perhaps

Ben302 · Post by **Ben302** » Fri Oct 03, 2003 6:36 pm

or Micra speak (seen the ad)

TheMinel · Post by **TheMinel** » Fri Oct 03, 2003 7:13 pm

paul let me understand.... 50% of your monthly income goes to car related stuff AND your car is actually already paid for??????????

Pauline · Post by **Pauline** » Fri Oct 03, 2003 11:36 pm

OMG I speak Micra, NOOOOOOO!!! Interests, CB, interests.

I'd hate to think what we pay out. Our insurances are up on 5 vehicles in the space of 4 weeks so in October, it's about 60%!!! Rest of the year, I reckon 20%, as we bought the CC, beetle and Trumpet (=avatar) on the mortgage... God Bless Virgin One hehe

clarelee · Post by **clarelee** » Sat Oct 04, 2003 11:27 am

I think that it is all relative to how much you earn, if you earn 10k/month and spend 50% on cars you are still left with 5k if you earn 4k/month and spend 25% you are left with 3k

I personally spend around 35% on 11 registered cars because I like cars it is one of my interests but I still put money away and have houses.

If I didn't earn enough for both I would definately put priority in owning a house because if you set yourself you will be in a better position to own a good car in the future. And of course a car would never come before family after all they are machines, they still make them.

Sorry if this sounds a little preachy, It just came out that way.

TheMinel · Post by **TheMinel** » Sat Oct 04, 2003 8:49 pm

11 cars! long driveway?

CB · Post by CB » Sat Oct 04, 2003 10:37 pm

10k a month!!! Even with the conversion from $Aus to Â£GB thats a hell of a wage!!!
Showoff.

Mr_AWOL · Post by **Mr_AWOL** » Sun Oct 05, 2003 11:14 am

or Micra speak (seen the ad)

I can speak micra - FORRIBLE, FUGLY, etc

I probably spend 50% of my income on car, petrol, finance etc, but have definately always put the preference on houses. At the end of the day i bought the cc and a new house last year. The changes in value?:

CC - Down Â£3,000 to Â£4,000
House - Up Â£50,000 (valued 2 weeks ago)

So technically if i couldnt have afforded the cc at the time i could have bought a house for a year then bought 3 cc'c with the profit

TheMinel · Post by **TheMinel** » Sun Oct 05, 2003 4:50 pm

or 2 350Z's

Riss · Post by **Riss** » Sun Oct 05, 2003 5:22 pm

Give me 3 cc's any day