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[Closed] Cars as a multiple of income - what is acceptable?

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Lancia Detonation, nice car when working.

Anyway.

Max I've ever spent was 5 months gross, when it was just me myself and I, and not gone that high ever since. Current cars are 1 months gross (mine, the older ratbag runaround) and 2 months gross (the "nice" one, mrsm's).

Concur with buying not being a mugs game.


 
Posted : 16/09/2019 6:40 pm
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Current car valuation - 0.5% annual salary

If I was to buy a new-to-me car I'd probably not want to spend much more than 10% or 12%.


 
Posted : 16/09/2019 8:12 pm
 Nico
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When I bought the Veyron it was actually more than my annual income, and it was second hand. I think that is acceptable, if not actually true.


 
Posted : 16/09/2019 8:19 pm
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When I bought the Veyron it was actually more than my annual income, and it was second hand. I think that is acceptable, if not actually true.

😆

Personally I think spending a year's gross on a car is madness, but each to their own. This year I've spent a couple of K on my music hobby - save that up for a few years and I could maybe have had quite a posh car if that was my chosen money pit!

Our car cost about 10% of our gross annual household income and we'd probably go similar next time.


 
Posted : 16/09/2019 9:42 pm
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I'm keen to know the car...probably because I'd then agree to throw all my own sensibilities out the window and say buy it!


 
Posted : 16/09/2019 11:50 pm
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I'm just amazed that people still lust after cars any more.

Last episode of the grand tour showed even for clarkson and may it was about a schoolboy type crush on the sierra rs cosworth.

With the ubiquitousness of "premium" brands across every chav estate in blighty the only car bling left is the unattainable supercar.

Nowadays more people want greater utility out of their vehicles. Lusting after cars as trinkets is now a nichr, not majority obsession.


 
Posted : 17/09/2019 1:45 am
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I’m just amazed that people still lust after cars any more.

In a western consumerist and capitalist society of course they do. And if it isn't cars it is something else
Must have more and more expensive things as that is what brings true happiness...


 
Posted : 17/09/2019 8:58 am
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Live and let live I say.

I would imagine there are one or two people out there who consider spending thousands to ride a bike in circles around the woods a strange use of money.


 
Posted : 17/09/2019 9:22 am
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I’m just amazed that people still lust after cars any more.

People lust after the latest telephone.

You know things are ****ed when it's considered totally normal to spend £1000 on a telephone.


 
Posted : 17/09/2019 10:05 am
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I’m just amazed that people still lust after cars any more.

Why be amazed, you only need to look at our bikes but scale that up to yachts and private jets.
If you were rich enough to buy any car without thinking then there is a yacht for you.


 
Posted : 17/09/2019 10:14 am
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You know things are **** when it’s considered totally normal to spend £1000 on a telephone

Apart from the fact they're actually pretty powerful computers/communication devices, the primary use isn't as a telephone for a lot of people these days. Not saying I think £1000+ is a sensible amount to pay for one but I can see why it is for some people.


 
Posted : 17/09/2019 10:39 am
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For several of my employers this has meant a car less than 5 years old with 4 or 5 doors and the majority have stipulated it must be a reasonably ’premium’ brand e.g. BMW, VW, Audi, Mercedes, Saab (Once upon a time) or Land Rover.

Ahh - the old 'Peacock's Feathers' in the carpark.

Has anyone noticed yet the complete lack of the OP on his own 100 post thread? 🙂


 
Posted : 17/09/2019 10:59 am
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Apart from the fact they’re actually pretty powerful computers/communication devices, the primary use isn’t as a telephone for a lot of people these days.

They are powerful computers. However most of what they do is fairly pointless tech.

The most important thing I do with my phone is speak to people. Most of the other stuff is pretty pointless. The only exception I would make is the convenience of email when travelling and "smart" GPS navigation.

I wouldn't pay a lot for a smart phone, I have decent one supplied by work, but it does little more than than £120 refurb I got the Mrs off Ebay.


 
Posted : 17/09/2019 10:59 am
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gobuchul

They are powerful computers. However most of what they do is fairly pointless tech.

The most important thing I do with my phone is speak to people. Most of the other stuff is pretty pointless. The only exception I would make is the convenience of email when travelling and “smart” GPS navigation.

I wouldn’t pay a lot for a smart phone, I have decent one supplied by work, but it does little more than than £120 refurb I got the Mrs off Ebay.

[img] [/img]


 
Posted : 17/09/2019 1:40 pm
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Afternoon,

Responses were generally what I expected but It's made me realise that maybe the question wasn't worth asking as 1) it didn't provide enough context and 2) I shouldn't be looking at it as a straight forward car purchase as it isn't.

To add a little context, I am a 'car guy' so this is the realisation of a life-long ambition to own. I already have (may or may not be keeping) my standard-issue, diesel, German car which set me back circa 10% of gross; the car will not be sat outside a modest house (it won't be sat outside of any house, we are city centre dwellers) and will be driven once a week at most (I walk to work). I will not be cracking open the house deposit piggy bank or taking food from the mouths of my yet-to-be-conceived children.


 
Posted : 17/09/2019 1:56 pm
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And the car you’re buying is a..........???


 
Posted : 17/09/2019 2:34 pm
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It's a DeLorean isn't it 😂


 
Posted : 17/09/2019 2:45 pm
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To add a little context, I am a ‘car guy’ so this is the realisation of a life-long ambition to own.

Its been ages since I've been on here. I've been frequenting various car forums (true story)

I bought a really old car (over 20 years) for circa 10% gross and then spent another 33% rebuilding it with new OEM or upgraded bits myself. Its still only worth maybe 10% but the satisfaction and enjoyment it's brought me is immeasurable.

I fly a desk for a living...messing about with anything (but preferably cars) is a total release for me.

OP...my point being: if it gives you a nice warm feeling and you know you'll enjoy it...crack on, when you die you can't bring it with you.


 
Posted : 17/09/2019 3:10 pm
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if it gives you a nice warm feeling

hmmm, heated seats


 
Posted : 17/09/2019 3:16 pm
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