Vitamin M - What percent of your annual income do you spend on your car?

Viju · 26th June 2017, 08:48

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!

Hatari · 19th April 2021, 18:28

This remains a very relevant thread.

Currently I pay only maintenance/annual service costs, No EMIs.
Fuel cost is borne by my company.

There is a big difference between loving driving and loving fancy shiny new cars only.
Some here seem to have confused the two!

View Poll Results: %?
<15%	322	56.00%
16 - 30%	163	28.35%
31 - 50%	40	6.96%
51 - 75%	23	4.00%
ARE YOU KIDDING ME ? ALL OF IT !	27	4.70%
Voters: 575. You may not vote on this poll

26th June 2017, 08:48	#211
Viju Senior - BHPian Join Date: May 2006 Location: Yokohama, Japan Posts: 1,070 Thanked: 2,596 Times View My Garage	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!
	(1) Thanks

19th April 2021, 18:28	#212
Hatari Senior - BHPian Join Date: Feb 2004 Location: Calcutta Posts: 1,872 Thanked: 874 Times	Re: Vitamin M - What percent of your annual income do you spend on your car? This remains a very relevant thread. Currently I pay only maintenance/annual service costs, No EMIs. Fuel cost is borne by my company. There is a big difference between loving driving and loving fancy shiny new cars only. Some here seem to have confused the two!
	(1) Thanks