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How much do you need to earn to buy a 35k car?
Poverty:
After reading some comments from the Golf R thread it made me think (RR), how much do you think a person needs to earn as a basic annual wage to afford a 35k car with a minimal deposit?
So lets have two scenarios one pcp, one hp.
Oh and lets say that other than the monthly car payments the only other outgoings a month on bills total £600 a month.
So to pcp a 35k car with a 10% deposit over 42 months @ 10% apr would cost £679 a month.
To hire purchase the same car with the same deposit @ 6.5 apr would cost £840 a month.
So you have two options, how much do you feel someone would have to take home a year to afford such a luxury?
Could be interesting reading
NB07:
geez i wish my out goings were near 600 a month! i guess you still live with your folks??
and the poll is a bit pointless really as people earn lots of money but dont have any to spend and vice versa people on low wages manage to spend it all.
Poverty:
--- Quote from: NB07 on May 06, 2010, 10:37:00 pm ---geez i wish my out goings were near 600 a month! i guess you still live with your folks??
and the poll is a bit pointless really as people earn lots of money but dont have any to spend and vice versa people on low wages manage to spend it all.
--- End quote ---
This isnt about me dude, I was just wondering really, wanted to try and make the poll sorta balanced, as im sure alot of the older members on have their mortgages paid off, or their mortgage is from the 80's and 90's with a repayment less than most of us spend on v power a month, and wanted to gauge their experienced views.
Nickyboy:
I'd want to be on at least 40k before paying those figures a month for a car.
vRS Carl:
I would say you would need to be earning £35k+ a year.
That would give you around £2200ish per month so minus the £1279 would still leave you £921 or about £225 per week for food, fuel and other incidentals.
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