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05-16-2012, 05:06 PM
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Location: southwestern PA... where the nest is now empty!
5,902 posts, read 5,513,209 times
Reputation: 6400
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9.4%
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05-16-2012, 06:19 PM
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4,944 posts, read 3,561,958 times
Reputation: 1956
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20% paid in cash
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05-18-2012, 02:04 AM
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Location: Chapel Hill, NC (formerly Vienna, VA)
4,262 posts, read 3,241,261 times
Reputation: 2583
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We bought a new minivan last year. It was 23% of our gross pay. Before that, we had not bought a car for 10 years.
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05-18-2012, 08:47 PM
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855 posts, read 1,672,133 times
Reputation: 261
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10%
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05-19-2012, 04:44 PM
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Location: Vermont
3,889 posts, read 6,096,581 times
Reputation: 1166
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We're spending about about 10k per 100 k miles not including repairs, although I expect those minimal. Not the cheapest car, but a very nice car that should hold up well.
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05-19-2012, 08:06 PM
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Location: Los Angeles area
5,743 posts, read 3,139,265 times
Reputation: 8161
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In 2007, brand new car, 27%, paid in full by check on day of purchase. I'll have this car a long time.
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05-22-2012, 08:46 AM
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Location: Somewhere out there
328 posts, read 242,485 times
Reputation: 205
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15% in 2010, used minivan. Expected to last until we no longer need a minivan...
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05-22-2012, 08:51 PM
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Location: Galloway, NJ
1,381 posts, read 804,586 times
Reputation: 988
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Hmm well I don't pay the car off in one payment or year. In 2003 I spend 38% of my income then on a new car. But I paid off a 3 year loan in 2 years, so my costs dropped to about 19% of my two year income. These figure still are not accurate, my trade in cut my amount I owed in half.
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05-23-2012, 12:49 AM
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901 posts, read 581,635 times
Reputation: 557
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Hahahaha... I bought my car 3.5 years ago and I bought a little more than I should've.
100%
Good thing it was 0.9% financing w/ no money down. LOL!!
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06-19-2012, 09:41 AM
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79 posts, read 30,478 times
Reputation: 99
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The car I am about to purchase is about 3.5% of my yearly income, at $2.3k. The previous car I purchased in 2009 for $800 which was 2% of my income at the time. Plan to keep both for many years to come. My current daily driver I purchased for $1.9k at 20% of my income just after high school back in 2005. That car has 255k miles on it now, and I got about 120k miles out of it myself. The first car I owned was purchased for $1.5k, at 50% of my yearly income, while in high school. That one didn't make it long though, since I was rear ended and totaled in 2005. I paid cash for all my vehicles.
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