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Hi fishes, I have got an offer from ZS as Decision analytics consultant in forecasting pod ... i understand in healthcare domain ZS is a good brand.. i wanna understand what kind of projects can i expect there ? does ZS sponsor mba for consultants / managers ? what kind of future growth is there ? ( not only inside the organization but in future as well ) ZS Associates ZS Associates
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Rising Star
The new X7 looks like a faakin’ Kia….
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Our combined household income is $386K. Monthly we spend a little over $2,200* on car payments. It’s $300 to insure all three. I barely drive since I work from home, and my wife is only in the office 2 days a week.
(*One is 2 months from paid off, another is 6 months from paid off. I have another 42 payments on the Fiata, but that’s okay because it’s only $371 per month.)
The question I tend to keep in my head is mostly about depreciation. My Fiat 124 will be worth half of what I paid into it when it’s paid off… but that’s only $12K. If I buy a $130K M5 and it loses half its value in five years, that’s a $65K hit.
When I am buying a car for dad and life duties, the goal is minimal overhead and maximum safety for the kids. When I’m buying a toy, the goal is to get something that is already at the bottom of its depreciation curve. Sometimes I even make money selling a car after owning it for 9-12 months. (I bought a 1987 BMW M6 for $37K and sold it two years later for $50K.)
I took the $13K profit I made and responsibly put it into my college fund for me kids.
Just kidding. I bought a Miata.
Point is, we are all enthusiasts here. Most of us probably aren’t thinking about this as a percentage of income. Most cars (not hypercars) are in my price range these days in terms of affordability, it just depends on how much of a hit you want to take on reselling it later.
Well less than 1%
6% on gross income of $220k and that feels like a lot
If I didn’t have a family I’d spent 30% easily.
I don’t care about travel much and I love my cars.
Right now it’s like 5% NET for one car because I’m still on the hunt for one.
It also depends on the car you’re buying. I had a GT4 for 1.5 years. Bought it for $130k when my comp was $135k. (My wife made more than me back then) and that car alone was like 17% of our take home by payments. Payment was like $2k.
Well - I sold it a little over a year ago for $140k. So I got like a $50k check and the car (not counting gas and insurance) was basically free. Even if it depreciated to $115k, the car would have costed me $600 a month. Which is what someone would pay for a base 3 series lol.
Now, if I had bought a new M5 for $130k, I would have likely sold it for $65k or $70k and had to write a $20k check after having the same car payment.
So I’d only ever spend that money on a sports or exotic car.
Probably 8% for two cars. Gross income is 1700, cars, plus insurance, plus gas is under $1500.
17,000 obviously, not including $37k bonus*
We're at about 4% right now with three payments left on my spouse's car, then it'll dip down to about 2.5%. Prior to my current vehicle that I got two months ago, we'd been at 3%.
If I include all the vehicle related expenses for track fees and event logistics, somewhere around 25% of net income goes to the fleet. But track days are what we do for vacations so the spending serves as vacation and car expenses
6.8% not including bonus. Planning on paying off the loan within a year however since I hate monthly payments.
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price was 25-27% of tc depending on bonus
i’ve seen anywhere from 10% to 50% being thrown around
Rising Star
The ongoing expenses of car ownership and usage is about 0.3% of gross income.
Car purchase was 12% of gross income at the time, and we expect the value to depreciate by 50% by the time we sell it which is probably in 2-3 years.
Household income is $375k and we spend $1500 on monthly payments for 2 cars. Honestly as a new family that recently bought a house and had a kiddo and planning to have more, the car payments are way too high.
If i could do it again, I’d try to cut the car payments by 50%, whether that meant leasing or buying CPO or whatever.
I don’t know what car you’d get for $375 each. Like even a base Honda accord to buy is going for like $500 a month.
Unless you like to drive around beaters, there’s just no cars that are somewhat decent at that price point.
Bought my car 11 years ago for around $40k when TC was about $85k. Shortly after buying, I moved to the city so the car hasn’t been daily driven in ages. Put about 4,500 miles per year. So still driving it and plan to keep it for the long-haul (RWD and 6mt are getting harder and harder to come by).
All to say, at the moment, I’m only paying for insurance, gas and basic maintenance. Spend is under 1% of gross income
what car?