- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What percent of your household salary are you willing to spend on a vehicle?
Posted on 12/19/20 at 9:49 pm to lynxcat
Posted on 12/19/20 at 9:49 pm to lynxcat
So do you enjoy your commute in it? I am ambivalent while driving to the feel of the vehicle. I barely notice it. Ive always wondered why people drive nicer cars. I just assumed it was to impress others.
1
Posted on 12/19/20 at 9:50 pm to Rize
quote:
It’s very easy for my wife and I to drive very nice cars and have $1500 to $2000 a month and be at 4% of our monthly gross income.
So...~$50,000 monthly gross meaning you earn $600K annually. High earning households have a lot more flexibility to afford toys. The essentials use very little of your take home so any percentage allocations don’t really apply.
Posted on 12/19/20 at 9:55 pm to jennBN
quote:
So do you enjoy your commute in it? I am ambivalent while driving to the feel of the vehicle. I barely notice it. Ive always wondered why people drive nicer cars. I just assumed it was to impress others.
I like that they have more refined interiors primarily. The “badge” plays very little for me personally.
My next vehicle will probably be a Genesis. I love what they are doing and deliver a lot of the refinement at more approachable prices. The GV70 or GV80 are new entrants that hit the mark.
Posted on 12/19/20 at 10:40 pm to TitleistProV1X
quote:
What percent of your household salary are you willing to spend on a vehicle?
As little as possible if it's my car.
Posted on 12/19/20 at 10:43 pm to TitleistProV1X
What people pay for cars is peak American stupidity... 72mos Baw!
Posted on 12/19/20 at 11:02 pm to TitleistProV1X
The least amount possible for something reliable.
Unless you have the means to buy a luxury vehicle, I don't understand spending more than you really need to for a vehicle.
Of course its a little bit different for people with children, but you can get a 2020 Toyota Corolla for less than $20k.
Its a reliable vehicle and if you don't need a truck and don't have kids, something like that is a good buy.
Unless you have the means to buy a luxury vehicle, I don't understand spending more than you really need to for a vehicle.
Of course its a little bit different for people with children, but you can get a 2020 Toyota Corolla for less than $20k.
Its a reliable vehicle and if you don't need a truck and don't have kids, something like that is a good buy.
Posted on 12/19/20 at 11:43 pm to TitleistProV1X
quote:
Personally I have never worried about what it would cost me per month.
Seems at least somewhat relevant
Posted on 12/20/20 at 5:41 am to TitleistProV1X
My current 5 cars cost me:
$52,350 in total
However, I purchased them in:
2007
2011
2015
2017
2018
Their current value is:
$43,500.
The 2007 purchase was a restored 60’s classic car that has appreciated in value.
Taking that one out:
I have spent $40,000 and my cars are now worth $25,000.
Not bad.
I always buy high mileage used one owner vehicles. They are at the bottom of their depreciation curve.
$52,350 in total
However, I purchased them in:
2007
2011
2015
2017
2018
Their current value is:
$43,500.
The 2007 purchase was a restored 60’s classic car that has appreciated in value.
Taking that one out:
I have spent $40,000 and my cars are now worth $25,000.
Not bad.
I always buy high mileage used one owner vehicles. They are at the bottom of their depreciation curve.
Posted on 12/20/20 at 5:47 am to TitleistProV1X
Every Facebook mom needs a 100k Tahoe, which is by the way the absolute worst vehicle you can drive off the lot as far as resale goes.
Posted on 12/20/20 at 6:35 am to TitleistProV1X
I’m 44, household income of $400,000, and have never paid more than $15,000 for a vehicle.
This post was edited on 12/20/20 at 6:39 am
Posted on 12/20/20 at 6:51 am to TitleistProV1X
quote:
What percent of your household salary are you willing to spend on a vehicle?
Well you can finance for 8 years, so like 800%?
Posted on 12/20/20 at 7:43 am to TitleistProV1X
I usually pay cash and will never spend more than 70k on a car.
Posted on 12/20/20 at 7:52 am to LoneStar23
quote:
and it's a dumb investment at this time for me
Cars are always a dumb investment. In fact, daily driver cars are not an investment at all
Posted on 12/20/20 at 7:54 am to kciDAtaE
quote:
Cars are always a dumb investment. In fact, daily driver cars are not an investment at all
Why dont u just walk around if u dont like cars? Always bitching.
Posted on 12/20/20 at 7:55 am to TitleistProV1X
quote:
about $90k with TTL.
Are these cars really that much? I have not looked at SUV’s in years but a quick google says the vehicles you mentioned start in the $50k range
Posted on 12/20/20 at 7:56 am to BabyTac
quote:
I’m 44, household income of $400,000, and have never paid more than $15,000 for a vehicle
Hey look at me..., I'm a bragging tightass. You probably in a trailer infested with roaches too.
This post was edited on 12/20/20 at 7:58 am
Posted on 12/20/20 at 7:56 am to TitleistProV1X
I spent 12k on a 2010 sedan seven years ago.
I loathe the idea of buying another vehicle. We don’t make enough money to “enjoy” our vehicles. It’s not a hobby. I drive 12 miles to work and 12 miles home. So I just need something to fit that purpose.
We pay $0 in auto loan notes every month. It’s the life we want to live.
I suspect we will spend 10 to 15% of our annual income on the next vehicle.
I loathe the idea of buying another vehicle. We don’t make enough money to “enjoy” our vehicles. It’s not a hobby. I drive 12 miles to work and 12 miles home. So I just need something to fit that purpose.
We pay $0 in auto loan notes every month. It’s the life we want to live.
I suspect we will spend 10 to 15% of our annual income on the next vehicle.
Posted on 12/20/20 at 8:00 am to TitleistProV1X
But you're assuming that $450k family is paying cash for the vehicle. If it's financed for 5 years (the smart thing to do), the percentage of take-home is far less, as that same family would have made $2.25 million over the life of the loan minus the $90k for the car. Unless, of course, they get a new one every year.
Plus, even at the end of the 5 years, the vehicle will still have some trade-in value, so the numbers are actually much more reasonable.
Plus, even at the end of the 5 years, the vehicle will still have some trade-in value, so the numbers are actually much more reasonable.
Posted on 12/20/20 at 8:03 am to Flashback
quote:
Why dont u just walk around if u dont like cars? Always bitching.
I love cars and not afraid to spend $60k on a vehicle. Just pointing out cars are not meant to be an investment as the poster said. I was agreeing with him...lighten up Francis
Posted on 12/20/20 at 8:08 am to kciDAtaE
Ok.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News