TC and Car

Amazon
Geronimo!

Go to company page Amazon

Geronimo!
Apr 16 26 Comments

How much of my post-tax TC should go into my car?

TC: 350k

comments

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TOP 26 Comments
  • Depends if you're a fucking idiot or not.

    If you're not a fucking idiot, then you don't give a fuck about conspicuous consumption and what other people think about your mode of transportation, and will go for whatever the best price / performance / utility / safety ratio is, and use the rest of your money more wisely to improve your life longer term.

    If you are a fucking idiot, sky's the limit. Spend as much as you like on a rapidly depreciating asset where all the key differentiators at different price points are ego based rationalisations and lies.
    Apr 16 2
  • 20-200k
    Apr 16 0
  • Google
    protopuf

    Go to company page Google

    protopuf
    Have you heard of the 20/4/10 rule? Basically taking out a 20% down and 4 year loan and limit the monthly payment to less than 10% of your monthly take-home

    Other people will call you stupid for treating car as a luxary, but if that’s important to you (as traveling, going out for food, dressing nicely is for some) then I would count any additional payment outside of the 20/4/10 (aka anything outside payment of 10% of your monthly take-home) as your luxary spending category, and limit spending on other things like travelling.

    This way you keep it realistic but still allow yourself to spend a bit more on your car if you decide its important to you
    Apr 16 0
  • Google
    SnowCache

    Go to company page Google

    SnowCache
    My TC was 780k last year. I drive a 2015 EV I bought used for 8k.
    Apr 16 5
  • SAP
    fl400

    Go to company page SAP

    fl400
    10% of your gross base pay is very reasonable. If you like cars, I wouldn’t go more than 25% of gross of base salary.
    Apr 16 1
    • Merck KGaA
      FmWu32

      Merck KGaA

      FmWu32
      Yes, 10% or less of gross base pay is a good limit
      Apr 16