What percentage of your salary did your car cost?

Thread: What percentage of your salary did your car cost?

  1. Soulassassin's Avatar

    Soulassassin said:

    Default What percentage of your salary did your car cost?

    After seeing the thread on mortgages in the D&D I wondered what sort of price people pay for there cars. Not trying to be nosey as to what people earn, just an idea of what percent they pay for a car. If you pay monthly just use the purchase price when you bought it.

    For example if I earn 20k per year and my car cost 5k thats 25%. You may have the car 5 years but making it work out at 5% per year but its the 25% figure Im after.

    For me my car cost 50% of my annual salary but it will be paid off next month...
    Last edited by Soulassassin; 27th August 2010 at 04:36 PM. Reason: added example.
     
  2. ant3b's Avatar

    ant3b said:

    Default Re: What percentage of your salary did your car cost?

    way to much
     
  3. Little John's Avatar

    Little John said:

    Default Re: What percentage of your salary did your car cost?

    110% but I had saved 6k for deposit will be paid off in a few month

    I have decided I like it too much to get shut for a year or so so free motoring for me for a bit.
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  4. Soulassassin's Avatar

    Soulassassin said:

    Default Re: What percentage of your salary did your car cost?

    Quote Originally Posted by Little John View Post
    110% but I had saved 6k for deposit will be paid off in a few month

    I have decided I like it too much to get shut for a year or so so free motoring for me for a bit.
    I have a feeling that might be the highest figure...
     
  5. Ashley's Avatar

    Ashley said:

    Default Re: What percentage of your salary did your car cost?

    Just about 25% not including the deposit although its all paid for now.
     
  6. Little John's Avatar

    Little John said:

    Default Re: What percentage of your salary did your car cost?

    Its probably more actually but you need to remember I have nothing else to pay car stuff and phone and a bit of rent.
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  7. willp2003's Avatar

    willp2003 said:

    Default Re: What percentage of your salary did your car cost?

    i've got a lease car with work, and i pay 16 a month (VW golf 1.9 tdi)
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  8. desc's Avatar

    desc said:

    Default Re: What percentage of your salary did your car cost?

    40% but I bought it before I landed myself a house. Now I'm stuck with it for the foreseeable :s
     
  9. liveseytowers's Avatar

    liveseytowers said:

    Default

    About 60% for me but that's mortgage down to me having a shit job and my dad giving me 5k for the deposit. It's paid off now which is good
     
  10. ilscuro's Avatar

    ilscuro said:

    Default Re: What percentage of your salary did your car cost?

    10%
     
  11. prezzy's Avatar

    prezzy said:

    Default Re: What percentage of your salary did your car cost?

    0.26% - had a company car for a bit then that taken back but from what I paid for the car am using against what am on

    All paid for and a few years left in her yet hopefully

     
  12. beacytan's Avatar

    beacytan said:

    Default Re: What percentage of your salary did your car cost?

    20%
     
  13. Brydo666's Avatar

    Brydo666 said:

    Default Re: What percentage of your salary did your car cost?

    My car was also 20% of my annual salary. Though I traded my old car in and added a little to provide a 40% deposit - got a low interest rate and I'll make small payments over the next three years before changing again.

    The highest % of my wage goes into savings for a mortgage, boring as it may be it seems it's the only way to get a good mortgage these days is with a chunky deposit.
     
  14. blacksheep's Avatar

    blacksheep said:

    Default Re: What percentage of your salary did your car cost?

    are you talking new value or what you paid for it - I mean if someone buys a 5 year old car for 30% of it's value are you looking at that or the new price tag?
     
  15. liveseytowers's Avatar

    liveseytowers said:

    Default

    What you paid for it I guess. That's how I worked my figure out.
     
  16. Eazi's Avatar

    Eazi said:

    Default Re: What percentage of your salary did your car cost?

    10%, paid cash so will run it till it dies then buy another
     
  17. Little John's Avatar

    Little John said:

    Default Re: What percentage of your salary did your car cost?

    My sister paid over double her salary for her pug 207cc GT
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  18. Soulassassin's Avatar

    Soulassassin said:

    Default Re: What percentage of your salary did your car cost?

    Yeah the full price you paid for your car as a percentage of what you earn a year.
    Not bothered how long you have had it or if you owe anything on it. Im really just curious what the norm is.
     
  19. RSV's Avatar

    RSV said:

    Default Re: What percentage of your salary did your car cost?

    My car cost me roughly 20% my salary but I paid for it outright & it should last me a couple of years plus I should hopefully get a substantial pay rise in the next year or so.
     
  20. blacksheep's Avatar

    blacksheep said:

    Default Re: What percentage of your salary did your car cost?

    mine was aprox 12-15% of my pre tax salary when I got it.