What % of NET monthly salary do you spend on your car
Discussion
I think the OP is failing to understand people, rather than money. It might seem financially strange that someone might spend a large portion of their income on a car, but it's only strange to him.
I'm going on holiday soon, somewhere sunny. It makes more financial sense to have a camping holiday down the road. But we don't fancy that.
I could have bought a new TV from Asda for a great price....but I didn't. I got a really nice one.
The crux of the matter is that it grates a little on the OP that for all his wealth, he isn't lording it over the mere minions in our society as much as he would like. His £100k salary isn't creating a big enough wealth gap that he can see and feel the benefit of his wealth as much as he would like. A reverse jealousy if you see what I mean.
It reminds me of a saying 'some people are so poor, that all they have is money'.
I like to think of myself as financially astute, and a wise decision maker. Sometimes I'll make decisions that financially, aren't very clever - but I'll do it anyway. Life is here to be enjoyed and that will always be at the core of my decisions, financially astute or not.
As a last point OP. People will apportion their income as they see fit, whether that be cars, holidays, their home, their friends, their family...no point trying to rationalise how others go about apportioning theirs, as each person will be different
I'm going on holiday soon, somewhere sunny. It makes more financial sense to have a camping holiday down the road. But we don't fancy that.
I could have bought a new TV from Asda for a great price....but I didn't. I got a really nice one.
The crux of the matter is that it grates a little on the OP that for all his wealth, he isn't lording it over the mere minions in our society as much as he would like. His £100k salary isn't creating a big enough wealth gap that he can see and feel the benefit of his wealth as much as he would like. A reverse jealousy if you see what I mean.
It reminds me of a saying 'some people are so poor, that all they have is money'.
I like to think of myself as financially astute, and a wise decision maker. Sometimes I'll make decisions that financially, aren't very clever - but I'll do it anyway. Life is here to be enjoyed and that will always be at the core of my decisions, financially astute or not.
As a last point OP. People will apportion their income as they see fit, whether that be cars, holidays, their home, their friends, their family...no point trying to rationalise how others go about apportioning theirs, as each person will be different
OP is a grade A bell for sure. Id happily spend 30-40%/month on a vehicle if it was what I truly wanted. Ive spent 60% of my yearly salary buying my car, doesn't matter what anyone judges that as, I wanted it I worked for it so I got it. You might have a Ferrari that cost you 15% of your yearly that's appreciating, congratulations to you. But in another situation there are people around who have saved for years to be able to own a classic Ferrari which is possibly 150% of their salary. Just because you chose to do something your way and go about your life as you do, does not mean that another's is wrong.
Bet you own an SUV.
Bet you own an SUV.
Audemars said:
That's because I was raised to buy things in cash. My old man even told me I should only buy a house in cash. Tried that with my first property but the market moved too fast meaning I had to get small 20% mortgage on a 5 bed house.
I know very little about car financing until recently. Didn't even know what the 3 meant in a 3x 36m payment quote.
Why would you buy a house in cash? Being the big baller you seem to be, I would've thought you had an extremely complex investment portfolio with completely unrealistic yields which could absolutely trash the preferential mortgage rates you'd no doubt be offered? I know very little about car financing until recently. Didn't even know what the 3 meant in a 3x 36m payment quote.
Edited by Audemars on Tuesday 3rd May 21:42
Edited by Audemars on Tuesday 3rd May 21:42
Bangernomics wins. If I straight line depreciate the purchase price of current vee-hickle and assume I could off load it for 1k, then it'd be equivalent of 0.3% of net pay. Tight? Moi? Obviously actual running cost is a significant part of overall cost of ownership of an old car, so if you add in insurance, fuel and a few spares you could bring that percentage up to 1.5% of net. Too much! Why can't it run on water?
I think we are close to peak PH with this thread, and the OP in particular. What's the most figs anyone's claimed to earn so far? Whatever it is, I earn one more fig than that.
Seriously though, if after providing a reasonable standard of living for yourself and anyone who is financially dependent on you, and after saving a sensible amount for the future, you still have a large proportion of your income left over, then I don't see why that shouldn't go on cars if that's what floats your boat. Yes you could invest it to make more money but I've always thought that if you die rich then you haven't quite understood the game of life properly.
Seriously though, if after providing a reasonable standard of living for yourself and anyone who is financially dependent on you, and after saving a sensible amount for the future, you still have a large proportion of your income left over, then I don't see why that shouldn't go on cars if that's what floats your boat. Yes you could invest it to make more money but I've always thought that if you die rich then you haven't quite understood the game of life properly.
I bought my car for £500. I payed cash. I then spent nearly £900 on bits (clutch, lower arms etc) and I cleaned it.
If any bill more than 2-£300 I'd struggle. But hey the bills get paid, my family all well and I'm happy.
At least I know how HP, PCP etc works even if I couldn't ever afford that route.
I earn a 4 figs btw.
If any bill more than 2-£300 I'd struggle. But hey the bills get paid, my family all well and I'm happy.
At least I know how HP, PCP etc works even if I couldn't ever afford that route.
I earn a 4 figs btw.
gizlaroc said:
MrBarry123 said:
Audemars said:
Living beyond your means.
Eh? f
k off you silly little nob.Stop acting as if you're the wealthiest and most successful individual on here - you're not. You seem to inhabit a place where everything you do in a financial sense is correct and where anything anyone else does differently is wrong. People like you aren't liked on here so go and spout your s
t somewhere else.What an absolutely arrogant, ignorant and insular thinking fool he comes across as.
I bet he is only just hit that six figure salary this week, probably came on here after celebrating his pay rise, with a few sherbets and a bag of Peruvien courage and will regret it all in the morning.
Then again, he might just be a
. Audemars said:
SidewaysSi said:
I spend 80%. What does that make me in your mind?
Living beyond your means.
SidewaysSi said:
Audemars said:
SidewaysSi said:
I spend 80%. What does that make me in your mind?
Living beyond your means.The person with a '6 figure' salary who is mortgaged up to the eyeballs, £1000's in credit card debt, and who struggles to meet the £400 a month PCP because of all of the other outgoings they have.....
Or the person with a far more modest income, no mortgage, no debt and no major outgoings, who puts a chunk of their monthly salary into a hobby that they enjoy?
I wouldn't let people like this grip your s
t, because in my experience, they are mostly full of it themselves! 
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