What % of your income is your car note?

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Apr 25, 2008 | 08:30 PM

#46

Dipz

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From: Orlando, FL

Car payment, $420
Insurance payment, $330

It's about 35-40% of my monthly income.

Apr 25, 2008 | 08:55 PM

#47

topturtle

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From: Denton TX

Apr 25, 2008 | 09:08 PM

#48

felickz

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From: Reading, PA

Quote:

Originally Posted by BoostEEd

Dude! I SERIOUSLY hope you don't work at a bank.... or any job requiring simple math. Are you the guy at McDonalds that if you entered the wrong amount you can't calculate my change in your head cause I gave you a $10 and you typed in I gave you a $5?

I love those guys when i give them 2 extra pennies to make an even 25c.

"You gave me two cents extra"

"I KNOWz"

Apr 26, 2008 | 04:40 AM

#49

pltek

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ok so her makes 40909.09/ year you got me there feller, long week at work

now go back to McDonalds and get your self another artery clogging BIG MAC for breakfast, pm me your paypal and i will even pay for it

Quote:

Originally Posted by BoostEEd

Last edited by pltek; Apr 26, 2008 at 04:52 AM.

Apr 26, 2008 | 05:13 AM

#50

EvoXRacer

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From: Oklahoma

note on my X is $525 which is 6.17% of gross.

Apr 26, 2008 | 06:12 AM

#51

BoostEEd

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From: Lawrence, IN

Quote:

Originally Posted by pltek

now go back to McDonalds and get your self another artery clogging BIG MAC for breakfast, pm me your paypal and i will even pay for it

Apr 26, 2008 | 11:11 AM

#52

bigplates

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Very interesting info but I cannot believe some of these insurance payments!!!!

Apr 26, 2008 | 04:28 PM

#53

BOOSTEZ

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From: Plano, TX

LOL!

It's hard to predict these salaries since we need to know what the actual car note is per month, then the percentage needs to be NET not gross..also, don't account for any secondary help like spouse/girlfriend, etc..

Anyway, the best is 0% of NET/GROSS = paid off in full.

-M

Last edited by BOOSTEZ; Apr 26, 2008 at 04:31 PM.

Apr 26, 2008 | 10:41 PM

#54

BlueF

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From: Oregon

~8%

Please tell me people are paying $300-400 for six months for insurance, not every month?!?!?

Apr 27, 2008 | 08:15 AM

#55

BOOSTEZ

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From: Plano, TX

Quote:

Originally Posted by BlueF

~8%

Please tell me people are paying $300-400 for six months for insurance, not every month?!?!?

8% of what? NET/GROSS? What's the actual payment/month?

Apr 27, 2008 | 08:19 AM

#56

1slowevo

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From: Sin City

0%
makes it alot easier to mod the evo when you own it outright

Apr 27, 2008 | 08:21 AM

#57

Thegame

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From: Pittsburgh, PA

Mine's exactly 20% of take home.

Apr 27, 2008 | 08:28 AM

#58

lonepatrone

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From: Maryland

Quote:

Originally Posted by Yodobashi

The best percent is 0. Save up and pay cash.

True. Cars are a depreciating asset in the beginning, and then after six years old or so become an asset and a maintenance liability. Pay cash if possible.