What percentage of your takehome pay do you spend on your car?
Im not interested in what anyone earns or spends, but what do you spend on your car as a percentage of your takehome (after tax) pay?
Please include mods, tyres, tax, insurance and any repayment/hire purchase etc but not fuel.
Just curious!
Please include mods, tyres, tax, insurance and any repayment/hire purchase etc but not fuel.
Just curious!
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The question cropped up from 2 directions last night:
1)I have a lot of mates doing apprenticships etc and living at home, and what they dont spend on cars they spendon clothes and going outbecause they dont have bills etc and I wondered how many were in the situation that they felt it reasonable to spend 60+% of their money on their car.
2) I see a lot of people on reasonable but not spectacular salaries (uk average is 25k ish) buying new cars. a 30k subaru or evo on 3 months interest free is a sizeable chunk every month and once again I wondered what is percieved as a reasonable amount to be blowing on repayment every month!
Cheers for the replies so far!
1)I have a lot of mates doing apprenticships etc and living at home, and what they dont spend on cars they spendon clothes and going outbecause they dont have bills etc and I wondered how many were in the situation that they felt it reasonable to spend 60+% of their money on their car.
2) I see a lot of people on reasonable but not spectacular salaries (uk average is 25k ish) buying new cars. a 30k subaru or evo on 3 months interest free is a sizeable chunk every month and once again I wondered what is percieved as a reasonable amount to be blowing on repayment every month!
Cheers for the replies so far!
Joined: Oct 2005
Posts: 2,961
Likes: 4
From: further north than you...
ditto!!
you forgot the house..
whenever i'd managed to save up a bit of cash for the car the bloody house would destroy it's self. i'd saved up a grand for the car had the shopping lit ready then had to buy a new front door. Ł900 note's gone.

i remeber getting my Ł800 quid that i used to earn a month then and spending like Ł700 on the car then depending on mum for the rest of the month lol.
Life was so easy back then......
Life was so easy back then......
PassionFord Post Whore!!
iTrader: (1)
Joined: Sep 2005
Posts: 4,367
Likes: 3
From: Skelmersdale, Lancashire
Nearly half my wages of the next 2 weeks is going on MOT and Tax, and I quite happily put Ł50 a week + out of what I earn onto my cars in someway most weeks.
all of it if i could !
at the mo seeing as im building it id gen say 80% of my wages , im luck i have very little outgoings ,
and if i do get stuck ive the missus to helpout lol
earned 1500 quid in 9 days last week ,
every single penny into the car
at the mo seeing as im building it id gen say 80% of my wages , im luck i have very little outgoings ,
and if i do get stuck ive the missus to helpout lol
earned 1500 quid in 9 days last week ,
every single penny into the car
If you include things like ring trips and trackdays etc, probably about 50% of takehome which is obvioulsy way more than 50% of disposable income as thats before my mortgage comes out etc, I probably spend 80% of my disposable income on car related things I guess and about 15% more on fuel if you included that too, I spend pennies on anything else other than cars really.
at the moment nothing on the RS infact selling parts from it to continue with the 90% spend on the house, its an uncomfortable situation to say the least. If i dont work 20days a month I struggle to pay for the fuel and food for the following week, what a crap economic situation!
3yrs ago it was about 40% a month on my car while saving for my house deposit, how times change
3yrs ago it was about 40% a month on my car while saving for my house deposit, how times change
Last edited by Mr C; Sep 6, 2009 at 12:38 PM.
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