What's your ratio of what you paid for your car : TC?
The accepted rule of thumb is between 10 - 50%. Mine's close to 20 but if I buy a new vehicle it will push it much higher.
9% also.
Dnt buy new. Its a depreciating asset. You will save lot of money with pre owned
This time, 20% (Tesla). Last car lasted 18yrs so far, and was 20%. So 1% per year.
Mine was 18%, bought new 6 years ago, with a 0% loan from my employer (payroll)
5%
I'll be the outlier. I was a lunatic who did ~80%. That said, I was under the false impression/expectation that my TC (bonus + equity) was going to double the numbers in the offer letter. My comp didn't climb like I expected (was not in a big 4 firm at the time). Luckily was able to refi it down from ~7.4% 🤯 to 1.9% after a year of throwing money into the fire. Paid it off a few years later. Lesson(S) learned! If I were to buy another car, I'd try to stay between 10-20% of TC if attractive interest rates present themselves or simply save up and pay cash.
0. Cars are for suburbs and sub par cities.
28% - wanted to splurge on a sports car cuz it was my dream since a kid
About 20% but it's hard to say because it was over ten years ago. I just bought a less practical but more fun car for about 6%.
9%