Car V House price ratio?

Car V House price ratio?

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audi321

Original Poster:

5,251 posts

215 months

Thursday 28th July 2011
quotequote all
With the 2 biggest purchases in an average persons life being a house and a car. What do you guys think an acceptable percentage of house value to spend on a car? i.e. If house value is £200k is 10% (£20k) a reasonable figure to spend on a car?

At what point does it become out of proportion? I'm at about 15%!

audi321

Original Poster:

5,251 posts

215 months

Saturday 30th July 2011
quotequote all
swindler said:
c. 50%
but it's an unusal situation...
Jesus......you've either got a very cheap house or a fantastic car!

audi321

Original Poster:

5,251 posts

215 months

Tuesday 2nd August 2011
quotequote all
louiebaby said:
Depends on if we go on purchase price or value now.
Gotta be value now as a house bought 30 years ago for £10k would distort the figures a lot.