View Poll Results: Percentage of Monthly income spent on Car payment
0-10 percent
334
44.71%
10-20 percent
203
27.18%
20-30 percent
116
15.53%
30-40 percent
28
3.75%
40-50 percent
16
2.14%
50-60 percent
10
1.34%
60-70 percent
4
0.54%
70-80 percent
2
0.27%
80-90 percent
9
1.20%
my car sites in the driveway I can't afford the gas
25
3.35%
Voters: 747. You may not vote on this poll
Percentage of Gross Monthly Income spent on Car Payment
08-21-06, 05:25 PM
#91
Lead Lap
Join Date: Feb 2001
Location: Los Altos,
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Last year, house payment, taxes, pre-school daycare, home owner's and college fund for my kid were just over $7k/month (at least I am paying principal in there, 30 yr fixed at 5.7, whew!). I could be driving a 997 Carrera S if I lived in an apartment and was single. Accordingly, I make do with my paid off M5 and 323iT. What are you going to do? My whole extended family is in Nor Cal and I love it here. I feel like I am in college when I see what I have left until my next pay period. I do have the 401k going, stock purchase and all that so just cash poor.
08-21-06, 05:47 PM
#92
Lead Lap
Join Date: Jan 2006
Location: NorCal
Posts: 403
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And in ATL you have state income, none of that mess in florida heh....man...why did I move again? 
08-22-06, 01:03 AM
#95
Lead Lap
Join Date: Jan 2002
Location: CA
Posts: 476
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08-25-06, 04:52 AM
#97
Pole Position
Join Date: Aug 2006
Location: Houston, Texas
Posts: 241
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RocketGuy3 makes a great point... If you look at total cost to own (TCO), the number is going to be a bit bigger. For example, the Lexus raised my insurance rate $500 a year. Not a HUGE amount but it does have to be figured into the total overall cost
09-01-06, 03:47 PM
#98
Driver
Join Date: Jul 2006
Location: MA
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Bingo. I don't even pay attention to what percentage of my gross I'm putting in at this point. I just cap it at $15k (or whatever the max was for previous years) and call it a day. The rest goes into other investment accounts.
10-22-06, 05:07 PM
#99
like one said before.. we can't do percentages since some may be on a 3 years plan while others on a 5 year.
If i went with a 5 year plan to payoff 30k with 6.24% it would be 8 k interst in the end. While on a 3 year plan it would be under 3k. Monthly payment would 640ish/915ish respectively. Now this was an easy decision.. i'm not going to loose 5k extra just by choosing the 5 year plan. Is everyone aware of how much interest eats you up since you're on the 5 year plan?
If i went with a 5 year plan to payoff 30k with 6.24% it would be 8 k interst in the end. While on a 3 year plan it would be under 3k. Monthly payment would 640ish/915ish respectively. Now this was an easy decision.. i'm not going to loose 5k extra just by choosing the 5 year plan. Is everyone aware of how much interest eats you up since you're on the 5 year plan?
10-23-06, 09:56 AM
#105
Lead Lap
Join Date: Sep 2006
Location: CA
Posts: 730
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The E55 is a BEAST, a complete different car in its own league. I love that monster.
The IS350 is a very nice daily drive car and I picked it out of the G35 coupe, BMW 330i/335i, Audi A6 and the Acura TL. Cant BEAT the LEXUS's legendary reliability reputation.
Last edited by jman-is350; 10-23-06 at 10:03 AM.