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Wouldn’t you want to annualize the value over the expected life of the asset? Doesn’t really allow for meaningful comparisons if you don’t. At any rate:
2017 BMW X1 (55K) - TC 170K - Atlanta - 32%
Calling BS on this whole thing. 24 and TC $170k? Lmao
I’m the outlier and I don’t care, no other debt. I love my car!
2019 S4 (49k OTR) making 102k TC.
Bimmer fanboy coming in hot
Pls fix. Implies that you’re spending 19k per year.
Who said I don’t buy another 2016 Chevrolet Malibu every year
I am LOVING all these comments for 0. I have a 2004 Ford Mustang that’s been paid off for ten years now, and it’s still a champion. My family gives me a hard time, always asking when I’m going to replace it, but I have no reason to replace it! I love my car and my 0 car payments.
*gets a camaro instead 😂
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I bought (not lease) a Kia Soul. It'll last me many years. Cost me about 10% of 1 years pay. I prefer to spend my money on nice vacations & such.
Echo CG above
My team either doesn’t have a car or are in Tesla’s, Rovers, Audis, or infinity.
I drive an older Chevy with 60k on a 2009. Money is better in the market.
I liked the value for money of the Malibu but my wife said it’s not an option because “it’s a rental car”.
She’s not wrong
Lol wtf what kind of Malibu u got that ur spending 10% of ur 210k on it. U got donks bro?
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GMC Denali 2500HD Duramax Diesel Jet Black 4% and it’s too high. Should be zero! Live within your means. We won’t have 3.5% unemployment forever.
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2019 Mercedes E300 company car - 1% of value of car a month pre tax. Gas, insurance, maintenance included
2018 Hyundai i30 beater - EUR150/mo payments
2015 Bentley Continental GTC - dad's car but its parked at my place and I use it more than him 🤪
TC 220k EUR salary + 120k in rent income that's not taxed
Me
Just bought a Model 3, I’ve been ubering a few hours on the weekend, not Because I’m desperate, I genuinely love driving this thing and showing it off. I also rent out my other cars so all in I pay $250/mo for the remaining payments and insurance on all my cars or 2% of my income.
I believe if you can get creative on how to make more money, then buy what you want. Don’t “cut back” or “budget” find a way to create more income to live a life you want.
I used to be the “buy a corolla and drive it til it dies” type of person, but I didn’t want life to fly by and be the silver haired guy finally getting his corvette or s class at age 55 to finally enjoy it
Interesting to see people talk about spending money on a depreciating asset for couple of months of new toy pleasure. Wonder how it feels when a new model comes out and the current ones seems so out of place. How do you control the itch to trade in and drop another boatload on something which drops by 30% as soon as you drive out of dealership
Ey7 mechanical issues that couldn’t be repaired
0 in payments
1100 insurance
800 has
1100 maintenance
347 state fees
So +- 1%
Drive a Honda Accord that is paid off. I have no car payments. Actually, I totally debt free. I mean zero debt.
Same. It’s a fun car. I recently switched out the stereo system and love the result.
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10% of my gross income for a Macan S.
No, I can not write that of since it is already the company car rate. I know that this is a lot of money but most of our holidays (we love road trips through south Europe) are done with that car, I don’t have other expensive vices such as partying, expensive clothes or other stuff so that works for me :).