What year is your car?

[Huntsman]

Originally Posted by JayJay

Trust me, a grand tourer and a sports car is a great combo to have and enjoy. The BMW should be lots of fun, especially.

Originally Posted by Piobaire

Hunts =

Very nice!
Thanks, guys. The deal is done. It's fun. Like twenty compliments on it since yesterday. Some little kid had his face pressed up to the glass of his Mom's car looking at it on the highway. Amazing. Must learn how to drive it better, though. ~ H

 

[GQgeek]

What % of gross income do you guys think is reasonable to spend on a car?

Also, if I bough a shitbox for a year and parked it, do you that would make a big difference towards getting lower insurance next year on a nice car? I am over 25 but insurance quotes i've gotten are still really high because i've never been insured on a car before. I don't know if I will or not, but I am considering it... Although I can walk and take the subway for most things, it's definitely easier to have a car in TO.

And nice car hunts. I have a hard on for the new lotus though.

 

[JayJay]

Originally Posted by Huntsman

Thanks, guys. The deal is done. It's fun. Like twenty compliments on it since yesterday. Some little kid had his face pressed up to the glass of his Mom's car looking at it on the highway. Amazing. Must learn how to drive it better, though.

~ H
Great, enjoy!

 

[dtmt]

Originally Posted by Tokyo Slim

2004 Dodge Stratus.

 

[thekunk07]

20%

Originally Posted by GQgeek

What % of gross income do you guys think is reasonable to spend on a car?

Also, if I bough a shitbox for a year and parked it, do you that would make a big difference towards getting lower insurance next year on a nice car? I am over 25 but insurance quotes i've gotten are still really high because i've never been insured on a car before. I don't know if I will or not, but I am considering it... Although I can walk and take the subway for most things, it's definitely easier to have a car in TO.

And nice car hunts. I have a hard on for the new lotus though.

 

[darkdream]

Originally Posted by GQgeek

What % of gross income do you guys think is reasonable to spend on a car?

Also, if I bough a shitbox for a year and parked it, do you that would make a big difference towards getting lower insurance next year on a nice car? I am over 25 but insurance quotes i've gotten are still really high because i've never been insured on a car before. I don't know if I will or not, but I am considering it... Although I can walk and take the subway for most things, it's definitely easier to have a car in TO.

And nice car hunts. I have a hard on for the new lotus though.


I do not think there is a fixed percent but changes along as income changes. IMO it should decrease with income. Lotus are one of the most expensive to insure in the price bracket.

 

[Piobaire]

Originally Posted by GQgeek

What % of gross income do you guys think is reasonable to spend on a car?
Are you talking MRSP v. gross, a financed buy v. monthly gross or a lease v monthly gross? Lease wise, I'd say no more than 2-3% or your gross monthly.

 

[GQgeek]

Originally Posted by Piobaire

Are you talking MRSP v. gross, a financed buy v. monthly gross or a lease v monthly gross? Lease wise, I'd say no more than 2-3% or your gross monthly.

That's not even be possible for most people... If you're on an 40k/yr salary, that's like 100/mo on your car. What can you lease for that little money?

 

[Piobaire]

Originally Posted by GQgeek

That's not even be possible for most people... If you're on an 40k/yr salary, that's like 100/mo on your car. What can you lease for that little money?

Um. Either earn more money or buy a cheap car until you earn more money. You can get 72 months no interest on almost anything right now. That's about $13-14/month per 1k.

 

[GQgeek]

Originally Posted by Piobaire

Um. Either earn more money or buy a cheap car until you earn more money. You can get 72 months no interest on almost anything right now. That's about $13-14/month per 1k.

I don't make 40k... Just saying it seemed like a really small number. I spend more on clothes when i'm employed...

 

[DNW]

Originally Posted by Huntsman

Thanks, guys. The deal is done. It's fun. Like twenty compliments on it since yesterday. Some little kid had his face pressed up to the glass of his Mom's car looking at it on the highway. Amazing. Must learn how to drive it better, though.

~ H

That Z4 M is da bomb. I drove a convertible version before, but I suspect the coupe is even better because of the structural integrity of the body. Enjoy!

 

[Piobaire]

Originally Posted by GQgeek

I don't make 40k... Just saying it seemed like a really small number. I spend more on clothes when i'm employed...

Well, not to pull the "in your dad's basement," but I was tossing out a number I thought was prudent, based on maintaining an entire household. Cars are depreciating assets and outside of other baggage, are just transportation, right?

 

[Sunnydale]

My daily driver is a 2008 Tahoe hybrid. It gets around 21 mpg around town.

 

[dtmt]

Originally Posted by Piobaire

Are you talking MRSP v. gross, a financed buy v. monthly gross or a lease v monthly gross? Lease wise, I'd say no more than 2-3% or your gross monthly.

So without the huge downpayment (I've never gotten the point of making a downpayment on something you're not even buying), this means you would need to make $80k/year to lease a Honda Fit.... I'm pretty conservative with my spending, but this seemsa little extreme...

 

[GQgeek]

Originally Posted by Piobaire

Well, not to pull the "in your dad's basement," but I was tossing out a number I thought was prudent, based on maintaining an entire household. Cars are depreciating assets and outside of other baggage, are just transportation, right?

It's true, but they can be fun toys too. If you buy used instead of new and don't drive too much, it's not that much of a waste, except the insurance, I guess.