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Old 09-10-2012, 07:51 AM
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miamiboyca miamiboyca is offline
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Location: Dallas, TX
 
Join Date: Jun 2012
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Mein Auto: F10 6MT
Quote:
Originally Posted by Stealth.Pilot View Post
I think 10% of pre tax income is an absurdly high amount of money to spend on a car. Remember this is pre tax so if you look at it as percent of disposable income it is a lot more. Especially when you also net out mortgage payments, children's school fees, wife/girlfriend, etc.

I would advise spending no more than 2-3% of income on a car. Better to save and retire early. Driving a nice car is great, but not if it means working till old age. I'd rather retire by 50 than drive Bentleys and Ferraris.
Wow Stealth - so based on that you would need to make about 300,000 per year in order to drive (and I mean lease) a 5 series...? $300,000 x .03 = $9,000. $9,000 / 12 = $750 which includes tax.

Put me in the NON Prudent Pile.
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2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
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