What % of NET monthly salary do you spend on your car
Discussion
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.
No offence, ORD, but this powerfully built director sI 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.
t is getting old.I'm Technology Director of one Company, Managing Director of another and earn the sum of sweet f
k all from either: I still have to work for a living. I'm sure the Director jokes are all tongue-in-cheek but it's cost me a lot getting to be one and I don't view it as something to be denigrated for.I own a house (yes, pretty much outright) but don't have a property portfolio. I do own four cars: as a PHer how I could own fewer? Two of them are old cars that make me smile. One's a piece of s
t, one's a technological marvel.I think the OPs post is simply about: Can you and do you prioritise spending on your automotive requirements over other aspects of your necessary or unnecessary spending. As a young man I pissed away fortunes on cars. As a fat middle aged bloke (admittedly with massive balls) I, unsurprisingly, spend proportionally less. <PH>Still love cars.</PH>
Don said:
No offence, ORD, but this powerfully built director st is getting old.
I'm Technology Director of one Company, Managing Director of another and earn the sum of sweet fk all from either: I still have to work for a living. I'm sure the Director jokes are all tongue-in-cheek but it's cost me a lot getting to be one and I don't view it as something to be denigrated for.
I own a house (yes, pretty much outright) but don't have a property portfolio. I do own four cars: as a PHer how I could own fewer? Two of them are old cars that make me smile. One's a piece of st, one's a technological marvel.
I think the OPs post is simply about: Can you and do you prioritise spending on your automotive requirements over other aspects of your necessary or unnecessary spending. As a young man I pissed away fortunes on cars. As a fat middle aged bloke (admittedly with massive balls) I, unsurprisingly, spend proportionally less. <PH>Still love cars.</PH>
Woosh parrott...t is getting old.I'm Technology Director of one Company, Managing Director of another and earn the sum of sweet f
k all from either: I still have to work for a living. I'm sure the Director jokes are all tongue-in-cheek but it's cost me a lot getting to be one and I don't view it as something to be denigrated for.I own a house (yes, pretty much outright) but don't have a property portfolio. I do own four cars: as a PHer how I could own fewer? Two of them are old cars that make me smile. One's a piece of s
t, one's a technological marvel.I think the OPs post is simply about: Can you and do you prioritise spending on your automotive requirements over other aspects of your necessary or unnecessary spending. As a young man I pissed away fortunes on cars. As a fat middle aged bloke (admittedly with massive balls) I, unsurprisingly, spend proportionally less. <PH>Still love cars.</PH>
ORD was taking the piss and OP is merely being a bellend. This thread was solely created to he could brag about his income and not tell anyone what he actually drives. I find that hilarious given that some PH'ers probably earn more in a month than he earns in 6 and have some ridiculously nice car collections (sadly not me) but don't feel the need to brag about it.
Don said:
No offence, ORD, but this powerfully built director st is getting old.
I'm Technology Director of one Company, Managing Director of another and earn the sum of sweet fk all from either: I still have to work for a living. I'm sure the Director jokes are all tongue-in-cheek but it's cost me a lot getting to be one and I don't view it as something to be denigrated for.
I own a house (yes, pretty much outright) but don't have a property portfolio. I do own four cars: as a PHer how I could own fewer? Two of them are old cars that make me smile. One's a piece of st, one's a technological marvel.
I think the OPs post is simply about: Can you and do you prioritise spending on your automotive requirements over other aspects of your necessary or unnecessary spending. As a young man I pissed away fortunes on cars. As a fat middle aged bloke (admittedly with massive balls) I, unsurprisingly, spend proportionally less. <PH>Still love cars.</PH>
ORD was taking the piss...t is getting old.I'm Technology Director of one Company, Managing Director of another and earn the sum of sweet f
k all from either: I still have to work for a living. I'm sure the Director jokes are all tongue-in-cheek but it's cost me a lot getting to be one and I don't view it as something to be denigrated for.I own a house (yes, pretty much outright) but don't have a property portfolio. I do own four cars: as a PHer how I could own fewer? Two of them are old cars that make me smile. One's a piece of s
t, one's a technological marvel.I think the OPs post is simply about: Can you and do you prioritise spending on your automotive requirements over other aspects of your necessary or unnecessary spending. As a young man I pissed away fortunes on cars. As a fat middle aged bloke (admittedly with massive balls) I, unsurprisingly, spend proportionally less. <PH>Still love cars.</PH>
I'm a multi trillionaire who lives and works on a interstellar "work in progress". It is fundamentally a orb based structure where I am developing a "Laser" that can destroy anyone whom I choose or indeed the planet they live on. I earn my money mainly from pillage and taking advantage of those less fortunate than me - so we have something in common I guess.
I don't own a car per se but the base does have a number of converted golf carts to ferry staff around. Mr Simmons the Head of Maintenance deals with all that so I have no idea about costs. I'm also not sure what percentage they represent of the overall income and spend of the project and my other dictatorial endeavors throughout the galaxy. You would need to discuss that with Keith our Director of Finance.
Hope that helps you.
I don't own a car per se but the base does have a number of converted golf carts to ferry staff around. Mr Simmons the Head of Maintenance deals with all that so I have no idea about costs. I'm also not sure what percentage they represent of the overall income and spend of the project and my other dictatorial endeavors throughout the galaxy. You would need to discuss that with Keith our Director of Finance.
Hope that helps you.
stongle said:
6 figs, eh? Best you stop posting on PH and get back to work licking stamps in the post room. A 100k, is >5k net p.m. You can rent an E63 for 10% of that. I don't get it?
I spend about 12% of my take-home pay on the "rent" for my car; having said that our other car is a 12 year old Volvo and my OH earns the same as me. And we have no kids. Cashback!Dunno why people like the OH have to look down their noses at people who lease cars; I started doing so back in 2012 and I'm about to take delivery of my third Merc on lease; best thing I ever did. I simply cannot see why I would buy one with cash (even if I had 40-odd K in the bank), and if I did it would cost more. No sense at all. Or I could buy a 15K used car. Payments would be similar to the lease. But I'd be driving round in a 15K used car. It's about choice.
I'd say my figure is pretty reasonable.
The one's that do my head in are these youngsters who spend almost all of their income on a car plus the crazy insurance - ffs, live a little.
Still, it's their choice.
Is the 6 figure salary including those after the decimal point?
We have 3 cars and a motorbike. A 2013 Mazda 6 we bought at 1 year old for cash, a 2010 MX-5 we bought new and my TVR. The bike is a 2003 ZR1200 I paid cash for at 3 years old, still going strong.
I put about 10% of my salary away each month for running costs of the TVR, 20% for pension, another 10% in savings. I have paid off my mortgage and runnign costs of all vehicles other than the TVR come from the general pot.
Works for us but we do 30K+ miles per year both business and pleasure so it's nice to have a choice.
We have 3 cars and a motorbike. A 2013 Mazda 6 we bought at 1 year old for cash, a 2010 MX-5 we bought new and my TVR. The bike is a 2003 ZR1200 I paid cash for at 3 years old, still going strong.
I put about 10% of my salary away each month for running costs of the TVR, 20% for pension, another 10% in savings. I have paid off my mortgage and runnign costs of all vehicles other than the TVR come from the general pot.
Works for us but we do 30K+ miles per year both business and pleasure so it's nice to have a choice.
foxsasha said:
Don said:
But my point stands the Director thing is getting old. Lets just drop it, eh?
I agree, grinds on my nerves too.Almost anyone can become a company director for about £15.
skahigh said:
Yep, it's all a bit silly. I'm a company director but, I'm also the only employee of the company, it really is meaningless as ultimately it's just a job title and implies nothing about income, power, business acumen or anything else someone may wish to try and infer.
Almost anyone can become a company director for about £15.
I think the powerfully built director quip is mostly aimed at an ex PH'er who is now in prison (although probably out by now)Almost anyone can become a company director for about £15.
That joke will never grow old.
Back on topic....is it half term school holidays still?
Dog Star said:
I spend about 12% of my take-home pay on the "rent" for my car; having said that our other car is a 12 year old Volvo and my OH earns the same as me. And we have no kids. Cashback!
Dunno why people like the OH have to look down their noses at people who lease cars; I started doing so back in 2012 and I'm about to take delivery of my third Merc on lease; best thing I ever did. I simply cannot see why I would buy one with cash (even if I had 40-odd K in the bank), and if I did it would cost more. No sense at all. Or I could buy a 15K used car. Payments would be similar to the lease. But I'd be driving round in a 15K used car. It's about choice.
I'd say my figure is pretty reasonable.
The one's that do my head in are these youngsters who spend almost all of their income on a car plus the crazy insurance - ffs, live a little.
Still, it's their choice.
Totally agree with you. I lease a car too for hassle, wear & tear reasons. I don't happen to see an inverse correlation between a terrace house and driving a nice car. Volume of traffic, policing and lack of time to track a car have altered my car purchasing priorities. The partisans on the holiness of shed economics, often shine more light on their own prejudices and insecurities (OP) than anything else. I'm not talking about creative or interesting shedding but the nonsense financial arguments put forth. Dunno why people like the OH have to look down their noses at people who lease cars; I started doing so back in 2012 and I'm about to take delivery of my third Merc on lease; best thing I ever did. I simply cannot see why I would buy one with cash (even if I had 40-odd K in the bank), and if I did it would cost more. No sense at all. Or I could buy a 15K used car. Payments would be similar to the lease. But I'd be driving round in a 15K used car. It's about choice.
I'd say my figure is pretty reasonable.
The one's that do my head in are these youngsters who spend almost all of their income on a car plus the crazy insurance - ffs, live a little.
Still, it's their choice.
The OP is a but of a bell. And probably realised his 100k pa doesn't rise him above the plebs or those whom (still perhaps), bog washed him at school. The reality for most is that for each additional £ you earn you pay more tax and it becomes proportionally more difficult to earn it (unless you are in the 0.0001%).
CS Garth said:
Jimboka said:
You was looking at more than 10% Net in the other thread though ? 40k loan..
5 houses, current car doubled in value yet asking how does HP work and how does he finance his car? Does not compute. 
My current car i'd say was around 25% of my salary for the loan i took to purchase originally, I was still living with my parents then hence the high percentage at the time but I have had the car for 7.5yrs now and it costs me running costs right now which are pretty low with basic running costs
However it does pose an interesting question as I am saving to buy a house right now, so i don't want to replace the car unless forced but at the time time i am aware of certain issues which means if i wasn't i'd want to replace it now if i could but i am trying to hold off for a couple of years.
If i was forced now i'd say 10% or less would be what i'd want to spend monthly which on the lease deals on the cheap cars, but if i can hold off till i have a mortgage then my budget might go up to around 20% providing it leaves me enough for other things as well
However it does pose an interesting question as I am saving to buy a house right now, so i don't want to replace the car unless forced but at the time time i am aware of certain issues which means if i wasn't i'd want to replace it now if i could but i am trying to hold off for a couple of years.
If i was forced now i'd say 10% or less would be what i'd want to spend monthly which on the lease deals on the cheap cars, but if i can hold off till i have a mortgage then my budget might go up to around 20% providing it leaves me enough for other things as well
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