How much do you pay per month for your car?

[Sidewindow]

£800 for a 2001 Seat Leon Cupra. Only 1 payment and i get to keep the car at the end of the first month

[AClownsPocket]

£390 p/m on a 4 year PCP. MK7 Golf GTi.

Happy to pay it as it includes the servicing and its under warranty. Got tired of throwing money at older cars. I can afford the payment and accept its not the best thing to do financially, but it works for me.

[Pferdestarke]

FreeLitres said:

Out of interest, what model do you have?

I find Co cax tax is usually fairly cheap unless you go out of your way to choose something very thirsty and expensive.

Just a 320d M sport. But with a £39k p11D.

[S10GTA]

This is why there are so many new cars on the road

[HughS47]

£266.97 per month for Mk 5 Golf GT TDI 170 that I will then own outright in 2yrs 3 months, via Sainsbury loan at 4.3% apr.

[stupidbutkeen]

I have not had a loan since 2000. It was for a suzuki swift 'sky'. Since I got rid of that car after only 8 months I have bought my last 8 cars for cash. I now have went almost full circle and have owned a 2009 suzuki swift sport for 8 months now.
Just bought a 2011 yamaha xj6 diversion motorbike yesterday as well for cash.

I am deffo not a high powered director with a goatie but I am unshaven now for 4 days so I suppose I could always shape that into one.

[chrisb92]

£300 a month for my MK6 Golf GTi. Can't see me lasting the entire time though. As I think now I've started with the finance option I'll probably carry on and will probably get tempted by something better for similar monthly payments!

[Baz Tench]

E46 M3. £0 and hasn't depreciated much at all since I bought it three years ago (I was paying £325 a month for a consolidation loan at the time, which did include some old car finance).

All paid up about a year ago now, good times!

[LordJammy]

I own my car but because it's old and needs looking after probably £100 a month over the whole year. Sills and paint aren't cheap if you want a proper job doing.

[AM7]

DWS said:

Not easy for younger members I know.

DWS

We'll have less of that thanks! I'm 20 and paid upfront for mine too.

I often see lease deals and do think well that's not too bad at all, but adding up the deposit and the coming years of payments I just couldn't justify it. Given I didn't pay that much for my BMW and it's been flawless, I think I'll stick to the buy outright option as I can't see myself being any better off paying monthly.

[Pit Pony]

£4500 deposit, £0 per month, but servicing and repairs and tyres additional as required but has averaged £45 a month over 48 months or 0.28p a mile which ever you think sound less.

If I "gave it back" now, I'd get a payment of £2500 approx.

Car is an 11 year old accord 2.2 deisel saloon.

[steve_k]

Zero per month but its a £3k 10 year old e65 730i it will waft along at silly speeds in comfort got more gadgets than the space shuttle if something major goes wrong it will be broken on eBay for parts and should make a tidy profit to pay for a replacement.

[daytona365]

I feel a lot better now. I in my naivety thought that everyone but me was stinking rich, plonking 40k plus on shiny new wheels. Can now accept, even love my 17 year old Fiesta !!

[Chlamydia]

After continually getting finance for my cars I decided to sell the last one once I'd paid it off, bought a shed, and started saving. Then I bought a decent car for cash, carried on saving, sold the car and used the money from it and my savings to get a better one. I haven't had finance for years now - if I can't afford it I don't buy it, and I'm definitely not on a silly wage.

[AgentC]

AClownsPocket said:

£390 p/m on a 4 year PCP. MK7 Golf GTi.

Happy to pay it as it includes the servicing and its under warranty. Got tired of throwing money at older cars. I can afford the payment and accept its not the best thing to do financially, but it works for me.

I do the same now. Only need a city car so will be picking up another Mii "Sport" at the weekend. £500 deposit and £130 p/m 0% and 3 years servicing.

I don't drink and my brothers/mates spend that, or more, on booze a month! That's how I justify it.

[Zoobeef]

Nothing other than running costs.

[Storer]

Remember that many top earners can more than cover the interest charge on the car from the capital value invested in one way or another.
Therefore it makes sense to finance the car especially if they trade as a company (I have a lady client that trades as her own name with Ltd on the end).

[bennyboydurham]

It's worth pointing out that even if you've not financed the car and saved up to buy it in cash, it's not 'free'. My E65 is now paid for but it is still depreciating.

In fact at one point a few years ago when I was still paying for it (and the mounting maintenance costs as it fell out of warranty) I'd almost certainly have been not much worse off leasing a brand new one.

[andy_s]

£400pm for the family car, £30k for my car...

[Cyder]

My missus has a Golf GTD as company car and pays around £100/month company car tax I think.

I used to be a slave to the lease car scheme at my work paying between £150 and £220/month depending on what car I had. I've now chopped it in and will use the mx5 as the daily until it breaks or I get annoyed with it!