corsa-sxi
Member
Registered: 11th Jul 03
Location: Kingston upon Hull
User status: Offline
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you earnt a certain wage? ie what propotion of your salary would you set when deciding max spend on car? ie if you earnt £15k, how whats the max you would shell out on a car?
under 15 or over 15?
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Dan Lewis
Member
Registered: 31st Jan 05
Location: Leicestershire
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Really depends on other things as well though, insurance, servicing costs.
15k wouldnt spend more than 5k on a car and 600 in insurance then service myself.
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Mo
Member
Registered: 29th Jan 03
Location: Bolton, Drives Q3 S-line +
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i'd stick to around 1/3rd of my wage too
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johnhara1
Member
Registered: 19th Oct 06
Location: Newcastle upon Tyne
User status: Offline
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Depends on the finance deal you could get, how long you were prepared to save for a deposit etc.
My bro bought a 56reg Astra SRi 150CDTi last month with 6k on the clock, the dealer wanted £12000. He knocked him down to £10800 a free set of mats and full tank of fuel etc etc, put £5400 down in cash and pays around £250 a month for 2 yrs.
He's a plasterer tho, works 7 days a week he's pulling in £40K+
If i only earnt £15K id save £2000 and buy a half decent car thats going to last a few years and service it myself.
[Edited on 10-10-2007 by johnhara1]
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ed
Member
Registered: 10th Sep 03
User status: Offline
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If I earnt £15k then I would be looking for another job before worrying about a car.
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johnhara1
Member
Registered: 19th Oct 06
Location: Newcastle upon Tyne
User status: Offline
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quote:
Originally posted by ed
If I earnt £15k then I would be looking for another job before worrying about a car.
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Mertin
Member
Registered: 12th Oct 05
Location: Scotland
User status: Offline
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Il be earning 15-16k next year
Looking at spending around 2k on a car maybe as im still only 18, something with a bit of speed like a 1.6 sport and not spend much money on it
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Mike
Organiser: North West and North Wales
Premium Member
Registered: 20th May 06
Location: nr. Skipton, North Yorkshire
User status: Offline
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I was earning 5k when I got my car. I bought it for 2k, and it was £1750 for insurance. Altogether in the first year it cost me about 6k  . That's buying, insuring, fixing, servicing, modifying
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SetH
Member
Registered: 15th Jul 01
User status: Offline
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fuck working 7 days a week for 40k
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johnhara1
Member
Registered: 19th Oct 06
Location: Newcastle upon Tyne
User status: Offline
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quote:
Originally posted by SetH
fuck working 7 days a week for 40k
ive put 40k when it should be 60k
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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I was earning 13.5k when I spent 8k on my Ibiza.
Paid it off in two years
Lotus Elise 111R
Impreza WRX STi
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corsa-sxi
Member
Registered: 11th Jul 03
Location: Kingston upon Hull
User status: Offline
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im starting a job job pretty soon only 16.5k, but if i succeed the probation period of 3 mnth, ill be starting to look for a new car...had my corsa for 5 yrs in feb time and im kinda getting sick of it...
id either go down the hot hatch route...CTR etc or a bmw ci coupe, just wondering if its silly to do that cos ill be living at home, 0 board to pay and i dont drink or smoke.
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corb
Member
Registered: 24th Apr 02
Location: Calgary, Alberta, Canada
User status: Offline
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I wouldnt be able to afford a car if i had to buy one! I'd end up buying something for about £1500! And rather than finance, the better option is to save up for 2years, then buy it outright. Then while youve got that one, start saving again and buy outright come car changing time next time round. Dont pay someone interest for something thats depreciating that way 
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Phi
Member
Registered: 8th Jan 07
Location: South
User status: Offline
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save some money and then get a loan, rather than finance!
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R Lee
Member
Registered: 15th Aug 03
User status: Offline
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quote:
Originally posted by Corsa_phi
save some money and then get a loan, rather than finance!
Unless its 0% finance and you'll be keeping that car for a while.
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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It's not the cost of buying the car, it's running it.
I must put £50 a week in mine on average and then there is repairs on top.
You could buy a shitter but it's still going to cost money to run..
I'll pay what i can afford on a car tbh. All depends on other out goings and other things you want.
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STEvieXE
Member
Registered: 21st Jan 03
Location: Ballymena N.I.
User status: Offline
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im on 20k+ and my 306 cost me 500 quid
spare cash goes onto my corsa etc
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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I'd be saving and then buying outright. I'd never finance on £15k. You'd be too restricted for the period of finance, and not be able to move on in life.
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Neo
Member
Registered: 20th Feb 07
Location: Essex
User status: Offline
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I think if i got a good finance deal, id look into a car for around 6k earning 15, leaves 1k for insurance and then just playing 
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G_Man
Member
Registered: 4th Dec 04
Location: Darlington Drives: Seat Leon Cupra R
User status: Offline
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i get 23k a yr, and just bought a 14k car
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bigdan
Member
Registered: 4th Jan 07
Location: Jarrow (Newcastle)
User status: Offline
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if i was on 15 k a year i would buy somthing like a Golf GT tdi low costs on running and low insurance and you know you could keep it for a few year
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poole
Member
Registered: 12th Oct 03
Location: Sheffield, UK Drives: 2.5 v6 Calibra
User status: Offline
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if i earnt 15k a year i wouldn't be able to afford a car
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bigdan
Member
Registered: 4th Jan 07
Location: Jarrow (Newcastle)
User status: Offline
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quote:
Originally posted by poole
if i earnt 15k a year i wouldn't be able to afford a car
im on less than 15 k a year and can afford a car
im on 90 quid a week but in college
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Now I'm saving for somewhere to live I'm hoping to be spending less over the coming years on a car, but I'm currently 19 and bought a car for £11k brand new. I earnt less than that a year when I bought it ages ago.......doesn't bother me. Most of its on 0% finance, but I did put down a decent cash deposit.
I've got no idea what I'd buy if I was on £15k, but with a bit of careful money management, I could probably afford something pretty decent TBH.
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CORSA NUT
Member
Registered: 3rd Aug 01
Location: Wirral
User status: Offline
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As long as you can afford it you can have any car you want in reason.
I don't smoke..go out on the piss much and have no other vices etc so i see my cars as my only real outlay.
I earned 26K last year but i was in 22K's worth of debt up until last week so IMO never get in debt for a car unless your 1000% sure you can afford it.
Oh and never get finance on the car itself.
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