How much do you spend on a car? - P3t3r

It's very easy to judge people based on what they drive and I sometimes wonder what sort of houses car owners have. I sometimes see expensive cars parked outside cheap houses, and also cheap cars parked outside expensive houses. So I was wondering how much people spend on their cars relative to their houses. Eg. if your house costs £300,000 and your car is worth £15,000 then that's 5%.

I'm sure people must judge me when they see my car. I wonder whether I would be treated differently if I had a more expensive car, but I like my car. My car is reliable and very cheap to run. My car is only worth 1% of my house's value.

How much do you spend on a car? - RT

That % comparison is only valid in one area - a house in the South-East would cost about 4x as much as where I live and because housing costs are so much higher they have less money to spend on a car.

If people looked at my/our clothes, our house and our shopping trolley they'd think we were paupers - but we're far from it - we prioritise our spending based on what's important to US, sod what anyone else thinks.

Just bought a new car, could have afforded more but this fits what I want - so it's 28% in our case - £50,000 and £180,000 - that's excluding the new car we bought our daughter-in-law earlier this year.

How much do you spend on a car? - RobJP

The other thing that makes any such thoughts virtually irrelevant is finance - PCPs, et al.

You might run around in a £50k car, but have put £5k down and be paying £400 a month. Totally different to buying a £50k car, or to buying a £50k car but getting a healthy discount off list price.

Or you could have bought the £50k car at a year old, and spent £30k on it !

How much do you spend on a car? - Engineer Andy

Other factors - whether we're single/married or co-habiting and with a family can have a huge impact on the type and number of cars in a household, as can age (disposable income, dependents, etc, etc.) and gender. RT is correct that you can only compare like-for-like on the above in one geographical area (even town). Too many factors involved to be meaningful like the mpg figures, which can at least be averaged but weighted for different driving styles.

How much do you spend on a car? - gordonbennet

Can't work percentages out, one car cost £3500, the other cost £1170, the house is worth about 300k.

The third car, which is now semi retired so doesn't really count cost £9k some 13 years ago.

As above, we can afford new, but to be quite honest there is nothing new we like and both of us prefer cars made or at least designed in the 90's so made up to about 2004/5 at the latest for a variety of reasons, plus when our two workhorses collect another dent or scrape because half the clowns out there can't park it doesn't bother us, indeed SWMBO refuses to have the damage on her Scooby repaired, as she rightly say they'll only do it again.

And neither of cares what anyone else thinks of us, we run about the oldest cars where we live.

Edited by gordonbennet on 15/12/2015 at 17:24

How much do you spend on a car? - galileo

Bought mine new 6 years ago for £10k, wife's Yaris bought used at the same time for about £4k, now 10 years old.

I'm put off changing either for new ones because a) we're quite satisfied with them as they are and b) new models have these unnecessary things like TPM, stop/start, electric handbrakes etc, all of which are untried features which I bet will go wrong with wallet-emptying repair costs.

Not bothered about having the newest number plate or 'premium' badge, I value reliability and sensible engineering. (I spent most of my working life at an auto component manufacturers, including development and testing of new products)

How much do you spend on a car? - alan1302

How do you work it if you rent your house? :-)

How much do you spend on a car? - P3t3r

Can't work percentages out, one car cost £3500, the other cost £1170, the house is worth about 300k.

The third car, which is now semi retired so doesn't really count cost £9k some 13 years ago.

As above, we can afford new, but to be quite honest there is nothing new we like and both of us prefer cars made or at least designed in the 90's so made up to about 2004/5 at the latest for a variety of reasons, plus when our two workhorses collect another dent or scrape because half the clowns out there can't park it doesn't bother us, indeed SWMBO refuses to have the damage on her Scooby repaired, as she rightly say they'll only do it again.

And neither of cares what anyone else thinks of us, we run about the oldest cars where we live.

There's nothing new that I like either. There are a few benefits, but the disadvantages of the current cars seem to balance out any advantage. Part of me wants to buy an expensive car, but I don't actually like them and they generally aren't practical eg. parking a massive, expensive car in a supermarket. It's nice to see that I'm not on my own.

How much do you spend on a car? - Andrew-T

As regulars will already know, I have never bought new - usually 2 or 3 years old. I have only once spent a 5-figure sum (£10½K actually), on a rather nice 306 soft-top about 15 years back. The present car cost £9K at 8 months old, just before Christmas at the bottom of the 2008 slump.

Present house cost about £330K a couple of years before, so that is about 2.7 percent. If anyone wants to make any judgments, they are welcome to.

How much do you spend on a car? - bazza

I once read that one shouldn't spend more than a couple of months gross wages on a car, which to me, has always made some kind of sense. However, most people are buying on the Never Never schemes these days, so maybe a better pointer would be what percentage of monthly take home are folk spending on a car? I would guess many people are heavily over-bought. Personally, I may spend up to 9 or 10K cash on something used that I would then keep for several years, until it starts giving me grief. I try and work on a depreciation and/or repair target of £1k a year average.

Currently 4 family cars outside £250K house, total value about £11K.

How much do you spend on a car? - Trilogy

A painter/decorator told me he adds 10-20% more to a quote if a nice car is parked outside a house. Best to put it in the garage or round the corner.

How much do you spend on a car? - Andrew-T

Best to put it in the garage or round the corner.

If the garage is a 'standard' one built into the house, only a very small modern car will get inside. My 205 fits nicely and lives there. I have once got the 207SW in, but only by the skin of its teeth. And 'round the corner' is not an option here.

That may be one reason why many 'nice' cars stay outside - the normal reason being that garages have mostly become junk rooms.

How much do you spend on a car? - concrete

It all depends on your own attitude. When I first started out I was fascinated by cars and worked my way up from a Mini, Spitfire, Cortina GT, TR5 and then a Porsche 911. When married with family, things changed and a more practical solution was employed. Then in the company car pecking order you wanted the best for your status, after all someone else was paying, well they were back then. Later on an even more practical approach when you realise that ulimately cars will cost you money. How much, is then down to you. Buying new or second hand. Finance or cash. Badge snob or don't care. I know people in all these camps and it is fascinating to watch and listen to them. They nearly all try to justify their choices. I say do what you want that suits you and sod the rest.

Cheers Concrete

How much do you spend on a car? - DirtyDieselDogg

based on say 10% value of property owned outright, I should be driving a £100,000.00 car.

But a drive a 5 year old 1.6TDI Skoda Octavia.

M

How much do you spend on a car? - RT

I once read that one shouldn't spend more than a couple of months gross wages on a car, which to me, has always made some kind of sense. However, most people are buying on the Never Never schemes these days, so maybe a better pointer would be what percentage of monthly take home are folk spending on a car? I would guess many people are heavily over-bought. Personally, I may spend up to 9 or 10K cash on something used that I would then keep for several years, until it starts giving me grief. I try and work on a depreciation and/or repair target of £1k a year average.

Currently 4 family cars outside £250K house, total value about £11K.

Ford have target-priced the Cortina and it's successors at 6 months wages for the average working man - and most of my cars were about that while I was working - now I'm retired I couldn't buy any new car on two months joint income despite being debt-free and considerably reduced outgoings compared to those working.

How much do you spend on a car? - nailit

Agree with replies, too many variables, here's another;

Buy car wisely and run for well over 15 years economically, self maintain, good reliability....... save on commuting.... then treat yourself to same maybe even a brand new one. Hopefully will last at least 10 yrs, so divide total cost by 10 to work out depreciation - roughly!

How much do you spend on a car? - HandCart

I know someone VERY well who's still working, a higher-rate tax payer, has zero debts, and whose mortgage is paid-off. But he wouldn't buy a car with a sticker price of even as much as £20k, either outright or via drip-drip. Just can't bring himself to spend that amount of money on something that just depreciates. Might, possibly, spend that amount on some classic car, that could be sold again in future for little or no loss.

But he's a car enthusiast. Philosophy is: Have something costing just a few thousand that's roomy and reliable enough to serve as the family bus for many years, because a car's primary function is transport. But cars are also about speed, handling, the artform of their styling, and fun, and there's a huge range of examples of each genre out there to experience, often at 'throwaway-afterwards' prices that can still add up to less overall than the depreciation of a single brand new car.

How much do you spend on a car? - DirtyDieselDogg

nailit

nailed it

we too (now) buy new, but wisely/prudently, and take 200-250,000 miles out of them over 12 or 15 years.

Running a known to oneself car counts for a whole lot.

How much do you spend on a car? - Paul Robinson

Mindful of your 'name' Dirty Diesel, do you manage 0 to 12/15 years in a diesel without all the problems and expense of a middle aged diesels that we hear so much about now?

How much do you spend on a car? - John F

As little as possible for the type of car(s) I enjoy. I presume you mean how much on the 'wasting capital asset' rather than how much to run it as fuel, insurance and service costs vary a lot.

I do only a few thousand miles a year but must have a car so for 22 out of the past 35yrs I have always had two. The total cost of the four cars I have had over this time period (price paid minus what, if anything, I got for them) is £28,000. (TR7, Audi 2.0GL, A6, A8). I still have two of them (TR7 and A8) so that's just a few hundred pounds a year. No replacement is intended for the forseeable future.

Perhaps unusually they are both very much older than and worth under 3% of the value of our 6yr old house, which is pretty meaningless as the house will probably appreciate over the next 20yrs while the cars won't, even if the aluminium one lasts longer than I do.

I care not a fig for people who think they can judge people by their cars - or how they service them ;-).

How much do you spend on a car? - SteVee

>>I care not a fig for people who think they can judge people by their cars - or how they service them ;-)<<

I'm glad you continue to contribute to the forum. I always like to see different opinions. You do seem to be successful with your cars.

My car is older than my house - by a few months, both are from the year 2000. At the time I bought the car (in 2007) it was 0.4% of the value of the house. I think the car (a Primera) is doing better than the house :-) although their comparative values have widened considerably.

I could easily buy a Tesla Model S - the only current new car I have any interest in, it's just not sufficient interest and my annual mileage is declining. Apart from that, I'll pop down the Kia garage for a Rio when the Primera expires. I do know that the Rio & Tesla are very different (!)

How much do you spend on a car? - madf

"My car is older than my house "

Not ours I regret to say.. they did not build cars in the 1820s..

We buy cars and drive them until they drop. Our Peugeot 106 was 17 when it was crashed and our Yaris is 12. Our Jazz is only 3 and I ecpect it to last until I am incapable of driving it. in 2045. :-)

How much do you spend on a car? - John F

>>I care not a fig for people who think they can judge people by their cars - or how they service them ;-)<<

I'm glad you continue to contribute to the forum. I always like to see different opinions. You do seem to be successful with your cars.

Thank you, Stevee, it's always nice to be appreciated at least by one poster!

Just for info, the 4 SWMBO/family cars (Fiesta, two Passats and current Focus) have cost a total of £27,500 since 1980 and have done most of our mileage - 541,000 in total. That's 4.8p per mile capital expenditure so far. I have had no major mechanical calamities; this huge reliable mileage was of course obtained by my wise economical servicing schedule ;-)

There are so many other things to spend money on than mere cars!

How much do you spend on a car? - Leif

My house is worth about £400,000, I paid £8,000 for my car 4 years ago. I can't see the sense of splashing a fortune on a car which is a disposable utility item. You might as well burn the money, or give it away to the sharp suited ad men (and women) in London. Spare cash goes into ISA funds.

I buy new, a luxury, and run it into the ground, which is about 8 years with my mileage. Yes I could buy a 1-2 year old car, but I know the clutch and gearbox has not been thrashed. My last car had its original clutch over 160,000 miles, few brake disk changes, one major issue - rust - leading to it being scrapped after ten years.

Posh cars can be hard to park, because they are big, and they annoy other road users. Large diesel 4 by 4's stink, and we now know they damage health.

If I were super rich, I might buy the new Jaguar, but the Easy Jet chap now drives small cheap cars, cos they are easy to park.

How much do you spend on a car? - Andrew-T

Posh cars can be hard to park, because they are big, and they annoy other road users .... the Easy Jet chap now drives small cheap cars, cos they are easy to park.

This reminds me of what was said when I lived in Canada in the mid-sixties. I owned what I believe had been the first Morris 1100 imported into Alberta (1962 I think) for rallying, as FWD was a new feature then. It took us all over the western US and later some of the eastern too, as well as Canada from Vancouver to New Brunswick in the east.

While I worked in Ottawa this vehicle was jocundly called a p***-p*t because the natives said they would rather survive a crash in a proper big car than a small one. I pointed out that a small car had a smaller collision diameter and might avoid things - and was easier to park.

Of course there were plenty of Beetles (air-cooled, useful in winter) and the odd Mini. Amusingly a Mini with a 12-volt system could be quite good at jump-starting big Chevies and Fords as they only had 6-volts.

How much do you spend on a car? - Smileyman

I like the approach of 'nailit', for me it's keep the car until non routine maintenance makes it too expensive to run - hopefully over 200k miles, time will tell, and in the mean time live frugally so that spare funds are kept available for other enjoyable spends

however, no-ones thrown into the mix how to reply in a two car household - does on add the value together or use only the dearer car?

I suppose looking at choice and number of holidays is a similar way judge people, wrong of course, but who cares!

How much do you spend on a car? - DirtyDieselDogg

To reply to Paul;

A good question, well presented, and deserves an answer . . .

which is . . .

I dont know, only being 90,000 into our DSG Skoda experience, BUT, (potential DSG aside) I intend to "work around" some of these pesky emissions measures with their associated electronic glitches with a local Indy.

The EGR will be removed and code re-written as soon as it proves troublesome, ditto the DPF.

With the virtually electronic free (a Bosch electronic controlled rotary IP, and fly by wire throttle bes it) 1998 SDP Van as a back-up vehicle, this, for us, is a practical proposition.

Then the 1984 DB1490 Tractor (local runs only) as an ultimate backstop!

marcus

How much do you spend on a car? - RT

I like the approach of 'nailit', for me it's keep the car until non routine maintenance makes it too expensive to run - hopefully over 200k miles, time will tell, and in the mean time live frugally so that spare funds are kept available for other enjoyable spends

however, no-ones thrown into the mix how to reply in a two car household - does on add the value together or use only the dearer car?

I suppose looking at choice and number of holidays is a similar way judge people, wrong of course, but who cares!

One car or two? If the need for a second car isn't there, more could be spent on the single car.

Holidays? 4-5 a year of 5-6 weeks - but annual spend is less than some spend for 14 days.

Confirming to some social "norm" does wonders for company profits but is the scourge of modern society - thankfully, this thread seems to show that BR'ers are independent thinkers and spend their own hard earned money to suit what they want, not to "keep up with the Joneses"

How much do you spend on a car? - sandy56

I am recently retired and now own my own house. I have never spent more than 10k on any car, usually buy "nice cars" and keep them for 3-4 years and repeat. Worst car for depreciation was a yr old toyota avensis- lost about 6k grand after a year, and have never bought another one.


My current car is a Peugeot 2010 407SW 2l diesel auto- very comf and good on the motorway, which was 2 yrs old and cost 9k, . SO far there has been a few bills but nothing major and has never let me down, I will probably keep it for a while as my carry all.

One of my "best usable" cars was a Suzuki ALto- used it to avoid using taxis and left it at airport for weeks on end and never failed and never serviced in 4 years. Other favourite was a AUDI A4 with the big petrol engine, a Ford Granada MK2 Ghia X with 2.8I auto. A rover SD1 3.5l manual and a Vaux Velox 3L manual a real beast in the wet!
but the BEST was a Ford RS2000- the dogs bxxxxxxx!!!

I would buy new if I was going to keep the car long term but I get bored and want to change after 2- 3 years.

How much do you spend on a car? - mss1tw

Houses, as with cars, are 'worth' whatever anyone will pay you for them.

My Berlingo is probably worth one month's rent, these days.

It's worth more to me as a workhorse than it would be to sell/swap/PX

How much do you spend on a car? - Trilogy

I live in a mansion and have a £700 car.

How much do you spend on a car? - Steveieb

How about treating a car as a tax free investment.

My work colleague cashed in his ISA s at the time of the financial crisis and bought a second air cooled Porche for £40k in 2008.

He reckons it is now worth £52K and is not liable to tax on the profit !

How much do you spend on a car? - gordonbennet

Unless he's put it on a frame and kept it out of sunlight in an air conditioned environment its cost him a lot of money to keep it in the right condition..

Some people get lucky, wish i'd kept my Ziebarted so rust free mk1 Escort, who would have guessed those things would be in such demand now.

How much do you spend on a car? - Andrew-T

Some people get lucky, wish i'd kept my Ziebarted so rust free mk1 Escort, who would have guessed those things would be in such demand now.

I suppose that proves that those Escorts have expired at a faster rate than their owners, or at least those who would still (misguidedly) wish to own one ... :-)

How much do you spend on a car? - Bianconeri
In 1991 I spent £125,000 on my house and £22,000 on my indulgence car. The house is maybe worth £750,000 and the indulgence about £100,000.

In the 24 years i must have spent an amont equal to the purchase price on each of them.

But I'm not selling and I'm happy, especially when the bottle-blonde WAG referred to the indulgence as a 'cool old car' in Waitrose carpark the other day. Wish Icould have returned to complement but she was driving a blunged up X5.

My daily driver cost about £15k last year and is maybe worth £10k now.so be it.
How much do you spend on a car? - mss1tw

I live in a mansion and have a £700 car.

I drive a cheap car so I can have my 'mansion' (Modest as it is!)

Oh, and food in the fridge is nice too.

Rangie on the drive and empty cupboards...nah you're alright, thanks though.

How much do you spend on a car? - Trilogy

A friend has a £120,000 house, with a £40,000 car in the drive.

How much do you spend on a car? - dan86

I live in London in 3 bed terrace house and was just looking on a few property website and it got me thinking I could sell my house and my flat and live mortgage free in a 5 bed house with massive garden up north. If only swimbo could be convinced. I would still only drive around in a car worth no more than £5k as I hate spending money. (Maybe I'm a secret northerner)

How much do you spend on a car? - galileo

I live in London in 3 bed terrace house and was just looking on a few property website and it got me thinking I could sell my house and my flat and live mortgage free in a 5 bed house with massive garden up north. If only swimbo could be convinced. I would still only drive around in a car worth no more than £5k as I hate spending money. (Maybe I'm a secret northerner)

Glad that someone in the Smoke has seen the light and recognised the advantages of living up here. Don't tell too many or we'll be overrun.

How much do you spend on a car? - daveyK_UK

I find it hard to spend more than £10k on a car, they are money pits no matter how you justify it to yourself

How much do you spend on a car? - dan86

I find it hard to spend more than £10k on a car, they are money pits no matter how you justify it to yourself

That's how I feel. I have spent nord than £10k on cars in the past but I won't anymore as I just don't see the point. All that money they lose the moment you drive off the fourcourt.

How much do you spend on a car? - Wackyracer

I tend to buy a car and keep it for as long as economically possible, My current car was bought new for £8000 15 years ago, now worth about £1000 it will probably last another 15 years with care and proper servicing.

I'm not a brand or number plate snob so I don't need the 'in' high end brand and I don't need to have the latest year on the number plate either.

If I was to buy another car, it won't be new next time (unless I win big on the lotto). You can buy 1-2 year old cars at practically half the new price with 10-15,000miles on them and that would suit me fine.

How much do you spend on a car? - Avant

What make and model, Wackyracer? Sounds like a good 'un.

How much do you spend on a car? - 1litregolfeater

I have to maintain three cars which all have their MOTs March- April.,

Since last March, spent absolutely nothing, sweet f*** all apart from £20 oil for the Corsa.

Touch wood.

If you go closer downtown where all the mercs and bms are, its a different way of life innit bruv

How much do you spend on a car? - Wolfan

I have to maintain three cars which all have their MOTs March- April.,

Since last March, spent absolutely nothing, sweet f*** all apart from £20 oil for the Corsalwaysa.

Touch wood.

If you go closer downtown where all the mercs and bms are, its a different way of life innit bruv

I have owned Vauxhalls as every day transport since 1968 and still have a '52 Vectra C 2.2 petrol owned since it was two years old and have had no significant problems with any of them. It seems to be fashionable (probably due in no small way to the nonsense espoused by J. Clarkeson Esq.) to knock Vauxhalls on this forum but it is patently obvious that although Vauxhalls are always in the top sellers the majority of problems that are posted here concern Fords and what was known back then as Jap cr@p.

For value for money and as the car for special occasions nothing can compare to a Jaguar XJ8 X350 4.2 V8, sublime.

Edited by Wolfan on 20/12/2015 at 19:19