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How much do you need to earn to buy a 35k car?
Smudgster:
What you probably find is ppl have put down sizeable deposit or a p/x which is fully paid for. To put it into perspective if you have an 05 gti which is worth circa £10k paid for (say purchased new over 5 years) 25K on finance is just £400 per month. This make the car more affordable if you have the disposable income.
I have friends in similar circumstances, both need cars they have one low value, cheap to run car and then a nice new family car. Both myself and the wife both like cars so we have 2 nice cars, but if I could I would change and have a banger and a Golf R :evilgrin: :evilgrin: :evilgrin:
RedRobin:
--- Quote from: Poverty on May 06, 2010, 10:30:51 pm ---
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?
--- End quote ---
....I don't have a clue, mate - I've always bought my cars cash outright.
GTIjames:
my grandad always told me that you should never spend more than 10% of the value of your house on a car..
best to get your priorities in order first imo :happy2:
RedRobin:
--- Quote from: GTIjames on May 07, 2010, 08:58:56 pm ---my grandad always told me that you should never spend more than 10% of the value of your house on a car..
--- End quote ---
....What sort of cars were around in your grandad's day?
Poverty:
--- Quote from: GTIjames on May 07, 2010, 08:58:56 pm ---my grandad always told me that you should never spend more than 10% of the value of your house on a car..
best to get your priorities in order first imo :happy2:
--- End quote ---
good advice in a way, but doesnt work for people who inherit houses. The amount of people I come across in lackheath who live in these mini mansions worth millions of pounds, yet cant even afford to update their central heating system or get the system flushed out and working efficiently is beyond me.
But actually thinking about it alot of people with flash cars on the drive are the same, "sir, for your central heating to work properly it needs £700 worth of work" to which they reply "I cant afford that" and me then thinking to myself they cant afford to stay warm and comfortable, yet have a new 30+ k car on the drive. And I dont think their beemer can keep them warm either :grin:
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