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Old 26th June 2017, 08:48   #211
Viju's Avatar
Join Date: May 2006
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Default Re: Vitamin M - What percent of your annual income do you spend on your car?

I spend only on fuel (almost all of which is reimbursed by my company as commuting allowance), general service costs and bi-annual fitness tests. Both my cars (mine and my wife's) were bought used, paying cash - so no loans / EMIs. Considering the high road tax and insurance here in Japan, all-in-all, I spend around 6% of my post-tax annual income on my cars.

Ideally, I would want to keep it below 5%. Time to negotiate hard with the boss during annual appraisal!
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