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How much do you need to earn to buy a 35k car?
Jules86:
It depends really as i have household earnings (as in myself and the missus) which puts me on alot higher than my earning at the moment. Our outgoings are high though with the mortgage being close to £1000 a month before anything else! So 35k is a bit too much at the moment. Im going to wait untill i bring in our current joint income until purchasing my next car which is about the value you have used (an RS4 avant) as i will be more comfortable to pay for it and my mortgage drops in 18 months by a few hundred a month so will help.
I dont think its what you earn but more what your circumstances are. My best mate earns £10k less a year than me but has much more expendable cash as he lives at home.
Would rather own my own property than have a £35k car at the moment, its makes more sense to buy a house in the current low market than a car (as much as i would love to)
wigit:
--- Quote from: Jules86 on May 06, 2010, 11:13:14 pm ---Would rather own my own property than have a £35k car at the moment, its makes more sense to buy a house in the current low market than a car (as much as i would love to)
--- End quote ---
wise words :drinking:
Lean:
--- Quote from: wigit on May 06, 2010, 11:17:28 pm ---
--- Quote from: Jules86 on May 06, 2010, 11:13:14 pm ---Would rather own my own property than have a £35k car at the moment, its makes more sense to buy a house in the current low market than a car (as much as i would love to)
--- End quote ---
wise words :drinking:
--- End quote ---
Indeed but wiser words are... wait and buy a house when the repossession begin to fill the housing market as the interest rate returns northwards people are going to be caught out.. particularly those who think they have a bargain now.
Sit tight and save for now
jonnyc:
Really depends.. Will your only outgoings be the car? I presume you pay payments on the K1?
I guess you just need to think how much you need a month for 'playing' really..
maxp:
Its not just the price of the car, it's the upkeep and running aswell.
£35k gets you a tidy second hand 996 turbo, can you imagine the upkeep on that! :scared:
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