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What percentage of your salary did your car cost?

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soulassassin 27.08.2010, 18:19
After seeing the thread on mortgages in the D&D I wondered what sort of price people pay for there cars. Not trying to be nosey as to what people earn, just an idea of what percent they pay for a car. If you pay monthly just use the purchase price when you bought it.

For example if I earn 20k per year and my car cost 5k thats 25%. You may have the car 5 years but making it work out at 5% per year but its the 25% figure Im after.

For me my car cost 50% of my annual salary but it will be paid off next month...:)
ant3b 27.08.2010, 18:57
way to much
Little John 27.08.2010, 19:02
110% but I had saved ?6k for deposit will be paid off in a few month :)

I have decided I like it too much to get shut for a year or so so free motoring for me for a bit.
soulassassin 27.08.2010, 19:38
110% but I had saved ?6k for deposit will be paid off in a few month :)

I have decided I like it too much to get shut for a year or so so free motoring for me for a bit.

I have a feeling that might be the highest figure...
saintashley 27.08.2010, 20:16
Just about 25% not including the deposit although its all paid for now.
Little John 27.08.2010, 20:23
Its probably more actually but you need to remember I have nothing else to pay car stuff and phone and a bit of rent.
willp2003 27.08.2010, 20:27
i've got a lease car with work, and i pay ?16 a month :) (VW golf 1.9 tdi)
desc 27.08.2010, 20:31
40% but I bought it before I landed myself a house. Now I'm stuck with it for the foreseeable :s
liveseytowers 27.08.2010, 21:46
About 60% for me but that's mortgage down to me having a shit job and my dad giving me 5k for the deposit. It's paid off now which is good :)
ilscuro 27.08.2010, 22:03
10%
prezzy 27.08.2010, 22:13
0.26% - had a company car for a bit then that taken back but from what I paid for the car am using against what am on great

All paid for and a few years left in her yet hopefully
beacytan 27.08.2010, 22:27
20%
Chris B 28.08.2010, 03:31
My car was also 20% of my annual salary. Though I traded my old car in and added a little to provide a 40% deposit - got a low interest rate and I'll make small payments over the next three years before changing again.

The highest % of my wage goes into savings for a mortgage, boring as it may be it seems it's the only way to get a good mortgage these days is with a chunky deposit.
blacksheep 28.08.2010, 04:39
are you talking new value or what you paid for it - I mean if someone buys a 5 year old car for 30% of it's value are you looking at that or the new price tag?
liveseytowers 28.08.2010, 12:01
What you paid for it I guess. That's how I worked my figure out.
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