Anyone into cars but not credit?
Discussion
Audemars said:
£1100 for mortgage and bills?
Not sure where you live but to spend £600pm on any car I would want to be in a 5 bed detached at a minimum even if I was single.
My first job out of uni gave me £4k net pm. I remember feeling very broke at the time. Mind you none of my mortgage payments were ever less than £2k pm
My mortgage is £700 per month and that's on a 3 bedroom city centre apartment in Leeds.Not sure where you live but to spend £600pm on any car I would want to be in a 5 bed detached at a minimum even if I was single.
My first job out of uni gave me £4k net pm. I remember feeling very broke at the time. Mind you none of my mortgage payments were ever less than £2k pm
Why on earth would I want a 5 bed house for just me to live in. 5 bed houses also tend to be in the Suburbs which again doesn't appeal to me.
In a few years time when i'm in my thirties wanting a family then yes i may have the £2k per month mortgage, if my earnings don't go up from the current level then yes i may not be running an M4 as my daily.
Its all down to priorities and everybodys individual circumstances, there is no right or wrong!
olly-robinson said:
Audemars said:
£1100 for mortgage and bills?
Not sure where you live but to spend £600pm on any car I would want to be in a 5 bed detached at a minimum even if I was single.
My first job out of uni gave me £4k net pm. I remember feeling very broke at the time. Mind you none of my mortgage payments were ever less than £2k pm
My mortgage is £700 per month and that's on a 3 bedroom city centre apartment in Leeds.Not sure where you live but to spend £600pm on any car I would want to be in a 5 bed detached at a minimum even if I was single.
My first job out of uni gave me £4k net pm. I remember feeling very broke at the time. Mind you none of my mortgage payments were ever less than £2k pm
Why on earth would I want a 5 bed house for just me to live in. 5 bed houses also tend to be in the Suburbs which again doesn't appeal to me.
In a few years time when i'm in my thirties wanting a family then yes i may have the £2k per month mortgage, if my earnings don't go up from the current level then yes i may not be running an M4 as my daily.
Its all down to priorities and everybodys individual circumstances, there is no right or wrong!
Sten. said:
olly-robinson said:
Audemars said:
£1100 for mortgage and bills?
Not sure where you live but to spend £600pm on any car I would want to be in a 5 bed detached at a minimum even if I was single.
My first job out of uni gave me £4k net pm. I remember feeling very broke at the time. Mind you none of my mortgage payments were ever less than £2k pm
My mortgage is £700 per month and that's on a 3 bedroom city centre apartment in Leeds.Not sure where you live but to spend £600pm on any car I would want to be in a 5 bed detached at a minimum even if I was single.
My first job out of uni gave me £4k net pm. I remember feeling very broke at the time. Mind you none of my mortgage payments were ever less than £2k pm
Why on earth would I want a 5 bed house for just me to live in. 5 bed houses also tend to be in the Suburbs which again doesn't appeal to me.
In a few years time when i'm in my thirties wanting a family then yes i may have the £2k per month mortgage, if my earnings don't go up from the current level then yes i may not be running an M4 as my daily.
Its all down to priorities and everybodys individual circumstances, there is no right or wrong!
Surely this has to be the most pointless conversations ever (hence I feel the need to join in!)
Every single one of us is in a totally different set of circumstances and priorities. I wouldn't blink at paying £600 a month for a car (although it wouldn't be an A3!) & that's not because we have some huge level of income I just don't have £1000's going out on other stuff like booze, fags, sky telly, s
t holidays to Turkey + I haven't mortgaged my self to the eyeballs to buy some crappy new build house on a soulless estate.
Just read a stat that said in 2013 74% of cars were bought on finance - reading through the majority of the previous threads PH must house the entire 26% that buy outright!
You pays your money and makes your choice folks.
Come on it's a motoring forum every single penny of your income should be dedicated to cars!
Every single one of us is in a totally different set of circumstances and priorities. I wouldn't blink at paying £600 a month for a car (although it wouldn't be an A3!) & that's not because we have some huge level of income I just don't have £1000's going out on other stuff like booze, fags, sky telly, s
t holidays to Turkey + I haven't mortgaged my self to the eyeballs to buy some crappy new build house on a soulless estate.Just read a stat that said in 2013 74% of cars were bought on finance - reading through the majority of the previous threads PH must house the entire 26% that buy outright!
You pays your money and makes your choice folks.
Come on it's a motoring forum every single penny of your income should be dedicated to cars!
So you don't care at all? You don't care enough to get so irate as to post about it on a forum, where there are an incomprehensible number of other threads with the finance vs. cash argument?
And £600 on a car? Unless it's some great, brand new proper M-car, I'm going to guess you at least doubled the figure for comedic effect.
"Don't finance what you can't buy" - Guess all you people bought your house out-right then? Half of you probably rent and don't see the irony.
And £600 on a car? Unless it's some great, brand new proper M-car, I'm going to guess you at least doubled the figure for comedic effect.
"Don't finance what you can't buy" - Guess all you people bought your house out-right then? Half of you probably rent and don't see the irony.
walm said:
DRFC1879 said:
Half the mortgage, utilities and council tax by sharing equally with the wife. Food looks about right for a family of two adults, one kid (it's in line with our family spend) but again cut it in half as it's a shared responsibility. That's £200 plus half the mortgage so let's say another £4-500 per month saved and that £600 to piss away on a grey Deutschebox is quite achievable.
I have run the numbers a whole host of different ways but for the first 5-8 years of their lives I struggle to see a scenario where the wife genuinely contributes very much at all.My wife was a solicitor and going back 3 days a week she earned about £7k a year after childcare costs.
Obviously these reduce as they go to school but even then, you need someone to pick them up and deal with the little blighters during the holidays.
Of my friends I would say 70% just don't have the wife working while the kids are <8.
To be honest you may well be right on the food - I really have no idea.
But keeping me in coffee and pret costs about £50 a week so I seriously doubt the rest of the family survive on £50!
We are spending almost £500 a month at one at Uni, might be two from next Sept, the youngest has a tutor at £35 an hour, his driving lessons are £22 an hour between four and eight of those a month, Insurance on the car for him to learn in is £40 a month.
Then there is what they eat, as they get older the shopping bills rise, they nick your beer as well.
Without kids we could get a smaller house with smaller bills, just have 2 cars, so when they become independent, I will be much better off !
one saving grace is one is independent now.
Trexthedinosaur said:
But nobody single / couple will be spending 1/3 of their high income on such a large or expensive property.
In the same way nobody would spend £600/month on an diesel A3? Different people have different priorities. For some it's a nice house, for some it's a particular car, for others its coke and hookers. Personally I'd want to be on a pretty big income to to spend £600/month (my mortgage is less than that on a 3 bed semi) on a car, and I definitely wouldn't spend it on a diesel A3.olly-robinson said:
My mortgage is £700 per month and that's on a 3 bedroom city centre apartment in Leeds.
Why on earth would I want a 5 bed house for just me to live in. 5 bed houses also tend to be in the Suburbs which again doesn't appeal to me.
In a few years time when i'm in my thirties wanting a family then yes i may have the £2k per month mortgage, if my earnings don't go up from the current level then yes i may not be running an M4 as my daily.
Its all down to priorities and everybodys individual circumstances, there is no right or wrong!
You have a mortgage? I just don't get it really, I always buy my houses used for cash.Why on earth would I want a 5 bed house for just me to live in. 5 bed houses also tend to be in the Suburbs which again doesn't appeal to me.
In a few years time when i'm in my thirties wanting a family then yes i may have the £2k per month mortgage, if my earnings don't go up from the current level then yes i may not be running an M4 as my daily.
Its all down to priorities and everybodys individual circumstances, there is no right or wrong!
Audemars said:
£600 a month???
People are clueless with money. They think they can afford £600 per month but they really cant. When looking at things from a big picture point of view, a net income of £4k per month can not afford car payments of £600 per month yet the average net income is closer to £2k PM.
Amazing so many people can not see this.
Amazing that you can work out the OPs mate is on an average salary when you know nothing about him.People are clueless with money. They think they can afford £600 per month but they really cant. When looking at things from a big picture point of view, a net income of £4k per month can not afford car payments of £600 per month yet the average net income is closer to £2k PM.
Amazing so many people can not see this.
vsonix said:
2x 1997 Z3 roadsters
1x 1996 7440i
1x 1998 E36 Touring
1x E46 330d
all bought, paid for, running, taxed, insured. Probably lower monthly overhead keeping them all running and legal than £600 as well, haha!
wow. Can you drive them all at the same time? Are you Audemars (no Pictet's) chauffeur? 1x 1996 7440i
1x 1998 E36 Touring
1x E46 330d
all bought, paid for, running, taxed, insured. Probably lower monthly overhead keeping them all running and legal than £600 as well, haha!
My son has over 150 Hot Wheels, and he's 2!!!! FTW. "Haha"
J4CKO said:
Kid costs reduce when they go to school if you are paying for nursery but so many other costs kick in, music lesson, trips, school holidays, tutors, clubs, sports equipment etc etc.
We are spending almost £500 a month at one at Uni, might be two from next Sept, the youngest has a tutor at £35 an hour, his driving lessons are £22 an hour between four and eight of those a month, Insurance on the car for him to learn in is £40 a month.
Then there is what they eat, as they get older the shopping bills rise, they nick your beer as well.
Without kids we could get a smaller house with smaller bills, just have 2 cars, so when they become independent, I will be much better off !
one saving grace is one is independent now.
Well now I am just depressed. We are spending almost £500 a month at one at Uni, might be two from next Sept, the youngest has a tutor at £35 an hour, his driving lessons are £22 an hour between four and eight of those a month, Insurance on the car for him to learn in is £40 a month.
Then there is what they eat, as they get older the shopping bills rise, they nick your beer as well.
Without kids we could get a smaller house with smaller bills, just have 2 cars, so when they become independent, I will be much better off !
one saving grace is one is independent now.
walm said:
J4CKO said:
Kid costs reduce when they go to school if you are paying for nursery but so many other costs kick in, music lesson, trips, school holidays, tutors, clubs, sports equipment etc etc.
We are spending almost £500 a month at one at Uni, might be two from next Sept, the youngest has a tutor at £35 an hour, his driving lessons are £22 an hour between four and eight of those a month, Insurance on the car for him to learn in is £40 a month.
Then there is what they eat, as they get older the shopping bills rise, they nick your beer as well.
Without kids we could get a smaller house with smaller bills, just have 2 cars, so when they become independent, I will be much better off !
one saving grace is one is independent now.
Well now I am just depressed. We are spending almost £500 a month at one at Uni, might be two from next Sept, the youngest has a tutor at £35 an hour, his driving lessons are £22 an hour between four and eight of those a month, Insurance on the car for him to learn in is £40 a month.
Then there is what they eat, as they get older the shopping bills rise, they nick your beer as well.
Without kids we could get a smaller house with smaller bills, just have 2 cars, so when they become independent, I will be much better off !
one saving grace is one is independent now.
Or the Itunes account transgressions or £150 quids worth of Xbox live Fifa points....
Kids make Audis look cheap.
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