Just out of curiosity, what percentage is your car payment in relation to your monthly income

ie? $500 pymt on $5000 pre tax income (60k/yr) = 10%

 

1%.... :d:d

 

I just use my poker winnings to pay for my car payment and I don't include poker in my salary (unless I'm having a losing year, lol) so I guess 0%

 

less than half a percent of my annual income.

 

About 6.5%.

 

0%. I paid my **** off.

 

80%. I work to drive my G.
G is my everything my asset!






















J/K LOL

 

10% but I purchased, not leased

 

lmao^^ ^

 

99% of my income is spent on car payments. ive over extended myself!

 

I don't have any other real expenditures (live with my parents) so I just kinda throw down a good percentage of whatever I happen to make that month.

 

0% paid cash

 

I make like 800 bucks in a good month, and I pay 322 a month so, Id say 40%, not very smart, i know, but Im 19, live with my parents and have no children, so I might as well drive a car that makes me happy.

 

19, live w/ your parents and have no kids~I'd say you're much smarter than someone that's 19 w/ 3 kids trying to rent somewhere and driving a jalopy

 

I am a pretty conservative financial guy....but I think you're doing the right thing at this time in your life. Plenty of time to do the investment thing in a few years. I purchased a brand new turbo charged 300ZX when I was 21...took a large chunk out of every check to make the payment. I don't regret that decision one bit....enjoyed it much! Nothing is better than driving a great car when you're young....of course I still like driving a great car when I'm not so young