What % of NET monthly salary do you spend on your car

[Roger Irrelevant]

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

My job (legal stuff) requires me to be the director of lots of companies - in fact off the top of my head I don't know how many companies I am the director of but it'll be well into 2 figs. Never mind that they're all non-trading/dormant/shelf cos, technically they're still directorships and so I hereby proclaim myself the Director Lord of Pistonheads.

[Mr Roper]

ORD said:

I earn £1-2 million per year from each of my directorships. Probably close to 8 figs in total.

I drive a car with no depreciation because I am super clever.

How foolish you all are!

I own 45 houses, by the way, and have massive balls.

^^^^^^



I don't frankly give a flying fk about other peoples finances and what they do with it.


I'm just enjoying my popcorn.

[ChilliWhizz]

Roger Irrelevant said:

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

My job (legal stuff) requires me to be the director of lots of companies - in fact off the top of my head I don't know how many companies I am the director of but it'll be well into 2 figs. Never mind that they're all non-trading/dormant/shelf cos, technically they're still directorships and so I hereby proclaim myself the Director Lord of Pistonheads.

You're Mr Stephens?

[MDMA .]

gilbo said:

Back on topic....is it half term school holidays still?

it is always a holiday in the special schools

[Vixpy1]

Roger Irrelevant said:

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

My job (legal stuff) requires me to be the director of lots of companies - in fact off the top of my head I don't know how many companies I am the director of but it'll be well into 2 figs. Never mind that they're all non-trading/dormant/shelf cos, technically they're still directorships and so I hereby proclaim myself the Director Lord of Pistonheads.

Only if you have big balls

[Zod]

sunnydude said:

MOBB said:

My M5 costs me around 10% of my net

But I don't have kids, I don't smoke or drink - my car is a hobby

Same here. I have an M5 too, no expenses (and im useless with girls so not a gf either!), and my car is the only thing i spend money on. I'd say running costs could be between 5%-10% of my earnings at the moment.

Why would you buy an M5 without a family? M5s are great, but with no kids, you should buy a sports car. Heck, I have kids and I bought a sports car!

[ORD]

Vixpy1 said:

Roger Irrelevant said:

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

My job (legal stuff) requires me to be the director of lots of companies - in fact off the top of my head I don't know how many companies I am the director of but it'll be well into 2 figs. Never mind that they're all non-trading/dormant/shelf cos, technically they're still directorships and so I hereby proclaim myself the Director Lord of Pistonheads.

Only if you have big balls

Exactly. I call custard.

[Zod]

ORD said:

Vixpy1 said:

Roger Irrelevant said:

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

My job (legal stuff) requires me to be the director of lots of companies - in fact off the top of my head I don't know how many companies I am the director of but it'll be well into 2 figs. Never mind that they're all non-trading/dormant/shelf cos, technically they're still directorships and so I hereby proclaim myself the Director Lord of Pistonheads.

Only if you have big balls

Exactly. I call custard.

I'm sure that if you search you can find pictures of men with custard on their balls. I don't want to see that here!

[Vixpy1]

Zod said:

ORD said:

Vixpy1 said:

Roger Irrelevant said:

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

My job (legal stuff) requires me to be the director of lots of companies - in fact off the top of my head I don't know how many companies I am the director of but it'll be well into 2 figs. Never mind that they're all non-trading/dormant/shelf cos, technically they're still directorships and so I hereby proclaim myself the Director Lord of Pistonheads.

Only if you have big balls

Exactly. I call custard.

I'm sure that if you search you can find pictures of men with custard on their balls. I don't want to see that here!

FFS, don't google that. I will never eat plums and custard again

[sc0tt]

Around 8%

[CampDavid]

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

Calling bullst. No way have you only got 14 cars.

[B.J.W]

CampDavid said:

Vixpy1 said:

I'm a Director of 3 companies, I'm quite fat and have 14 cars, some of them work.

One of them is on Finance though, so I guess i don't qualify

Calling bullst. No way have you only got 14 cars.

He did, but he sold 23 to me.....

[gizlaroc]

veevee said:

gizlaroc said:

Many have worked out that buying a new car that does 50mpg might actually be cheaper than buying a 10 year old car that does 35mpg and costs a lot more to keep going.

It's not. HTH.

That is a blanket statement is it?

That buying a new car vs running a 10 year old car can never be cheaper? That some people have found it to cost less to get into a new car can never happen?


My brother is a good example of how this can work, he bought a 6 year old Golf 1.6fsi, which cost him £7k and ran it for 3 years, he was doing 25k miles a year and it was costing him roughly £280 a month in fuel (34mpg). Also, in the time he owned it he had a problem with coil packs, front control arms, and new front dampers as well as a the gearbox started to play up, quite common after research it seemed, so he got rid of it, he got £3200 for it.

So that car cost him £130 a month in depreciation over the 3 years, £44 a month in servicing and repairs £280 a month in fuel. So £454 a month.


He swapped for a 1.6tdi Leon on one of the silly deals. He has it for 3 years and it is costing him £176 a month all in, that is servicing as well, and doing 25k miles a year.
He is currently getting 52mpg from that car which is £190 a month. He has no warranty worries, no servicing costs, and will have to buy maybe 6 tyres in total at £480?
So the new car is costing hime £380 a month all in.

He also no longer has to worry about taking a day when there are issues, he knows what it costs each month, it gets him to work and back and it is worry free motoring. He only put £500 down and stuck £2500 away in case the worst happens and he looses his job. But for now he finds the new car route with savings on maintaining and fuel to offset the higher depreciation that comes with a new car is much better for him, and I guess many feel the same way.

As I said, for many a car is a necessity not a luxury, and all they care about if they 'have' to spend a big chunk a month on it is getting one as new and worry free as possible, and if spending that money you might as well try and get something you like as well.


Insular thinking does you no good.

[Leins]

berlintaxi said:

6 figs.....

Some of those look like they've doubled. Smart buying!

[Artey]

sunnydude said:

(and im useless with girls so not a gf either!)

Nothing to be ashamed of, you save yourself a lot of hassle. As Sophocles famously said - bhes ain't st but hoes and tricks. Everyone realises this once they get older.

[Artey]

otolith said:

Interesting that people think that whether a car is financed or saved for makes a meaningful difference to affordability, when it reality with current interest rates it's largely irrelevant when compared to the impact of variations in depreciation.

It is relevant on macro scale, if everyone spent their money before they earned it (as they do now) we would be in deep st as a country, continent, world. And this is exactly what is happening at the moment. I'm looking forward to the future.

[MDMA .]

gizlaroc said:

That is a blanket statement is it?

That buying a new car vs running a 10 year old car can never be cheaper? That some people have found it to cost less to get into a new car can never happen?


My brother is a good example of how this can work, he bought a 6 year old Golf 1.6fsi, which cost him £7k and ran it for 3 years, he was doing 25k miles a year and it was costing him roughly £280 a month in fuel (34mpg). Also, in the time he owned it he had a problem with coil packs, front control arms, and new front dampers as well as a the gearbox started to play up, quite common after research it seemed, so he got rid of it, he got £3200 for it.

So that car cost him £130 a month in depreciation over the 3 years, £44 a month in servicing and repairs £280 a month in fuel. So £454 a month.


He swapped for a 1.6tdi Leon on one of the silly deals. He has it for 3 years and it is costing him £176 a month all in, that is servicing as well, and doing 25k miles a year.
He is currently getting 52mpg from that car which is £190 a month. He has no warranty worries, no servicing costs, and will have to buy maybe 6 tyres in total at £480?
So the new car is costing hime £380 a month all in.

He also no longer has to worry about taking a day when there are issues, he knows what it costs each month, it gets him to work and back and it is worry free motoring. He only put £500 down and stuck £2500 away in case the worst happens and he looses his job. But for now he finds the new car route with savings on maintaining and fuel to offset the higher depreciation that comes with a new car is much better for him, and I guess many feel the same way.

As I said, for many a car is a necessity not a luxury, and all they care about if they 'have' to spend a big chunk a month on it is getting one as new and worry free as possible, and if spending that money you might as well try and get something you like as well.


Insular thinking does you no good.

am I missing something ? he got 3.2k back for the car. so if you divide that over the 36 months, his old Golf only cost 366 a month which is cheaper than what the new Seat will cost

[otolith]

Artey said:

otolith said:

Interesting that people think that whether a car is financed or saved for makes a meaningful difference to affordability, when it reality with current interest rates it's largely irrelevant when compared to the impact of variations in depreciation.

It is relevant on macro scale, if everyone spent their money before they earned it (as they do now) we would be in deep st as a country, continent, world. And this is exactly what is happening at the moment. I'm looking forward to the future.

And if nobody did, the economy would grind to a halt.

[skahigh]

MDMA . said:

gizlaroc said:

That is a blanket statement is it?

That buying a new car vs running a 10 year old car can never be cheaper? That some people have found it to cost less to get into a new car can never happen?


My brother is a good example of how this can work, he bought a 6 year old Golf 1.6fsi, which cost him £7k and ran it for 3 years, he was doing 25k miles a year and it was costing him roughly £280 a month in fuel (34mpg). Also, in the time he owned it he had a problem with coil packs, front control arms, and new front dampers as well as a the gearbox started to play up, quite common after research it seemed, so he got rid of it, he got £3200 for it.

So that car cost him £130 a month in depreciation over the 3 years, £44 a month in servicing and repairs £280 a month in fuel. So £454 a month.


He swapped for a 1.6tdi Leon on one of the silly deals. He has it for 3 years and it is costing him £176 a month all in, that is servicing as well, and doing 25k miles a year.
He is currently getting 52mpg from that car which is £190 a month. He has no warranty worries, no servicing costs, and will have to buy maybe 6 tyres in total at £480?
So the new car is costing hime £380 a month all in.

He also no longer has to worry about taking a day when there are issues, he knows what it costs each month, it gets him to work and back and it is worry free motoring. He only put £500 down and stuck £2500 away in case the worst happens and he looses his job. But for now he finds the new car route with savings on maintaining and fuel to offset the higher depreciation that comes with a new car is much better for him, and I guess many feel the same way.

As I said, for many a car is a necessity not a luxury, and all they care about if they 'have' to spend a big chunk a month on it is getting one as new and worry free as possible, and if spending that money you might as well try and get something you like as well.


Insular thinking does you no good.

am I missing something ? he got 3.2k back for the car. so if you divide that over the 36 months, his old Golf only cost 366 a month which is cheaper than what the new Seat will cost

He's already accounted for that.

[gizlaroc]

MDMA . said:

am I missing something ? he got 3.2k back for the car. so if you divide that over the 36 months, his old Golf only cost 366 a month which is cheaper than what the new Seat will cost

Yeah, your missing the fact I had added that in already.


To be fair, I think the actual figures were £7450 purchase, sold for £3150 and he had the car for 33 months.
But he said it was roughly £130 a month in depreciation.

Edited by gizlaroc on Wednesday 4th May 11:45