Curiouly, on some other forum I found, some say the price of the car you buy should be the 2 year of whole family Pure income---that means 2 years * (you and your parter's total income - mortgage- any other living expensive). what you guys think? and fianancially speaking what you guys think?

My philosophy is this.....If you can afford it BUY IT........If you think you will struggle....THINK VERY CAREFULLY.....If you know yoiu will struggle.......DONT BUY IT.

 If you have nothing nice to say,say nothing at all.

There is a formula used car manufacturers to decide how much we are willing to pay for a car and it is somthing I would consider silly as X-Box describes.
At the end of the day we all have an amount we are willing to pay for an individual vehicle and a absolute price we are willing to pay out, for me at the moment its about £18k I could afford more but I cant justify paying more than that for any vehicle. So if you want a FF you have to try buy the best you can get for that but that rule applies to a mondeo or a mini. Not that I would pay £18k for any mondeo even a new one  Mine was a blue one!

Quote:

you and your parter's total income - mortgage - any other living expenses

That leaves me with @ £3.50  .
Experience is the only genuine knowledge, but as time passes, I have forgotten more than I can remember
Volvo V70 P2 2006 2.4 Petrol 170bhp Estate SE
MG Midget Mk1 1962

Previous: L322 Range Rover TDV8 3.6 2008; L322 Range Rover TD6 3.0 2002; P38A Range Rover V8 1999

If the average income is 25k, then that would mean a 50k car.... I don't think so..  Previously..
Vogue SE TD6
Defender 90 2.4
Defender 110 TD5
Vogue 3.5 EFI

2 x (net pay - bills/expenses), not 2 x gross pay.....

so assuming £25k gross income (£19k net), roughly £1k/mnth in bills/living costs, that works out at a car value of roughly £14k, not £50k....

Sounds reasonable enough at this level, but the formula gets stupid when you're talking of family incomes of £60k+....I know a few like that and not many drive around in £30k+ cars...

I think its on gross pay I know its a ridiculous figure when I first heard about how they work it out a few years ago. Still think they are in cloud cuckoo land.  Mine was a blue one!

RRV wrote:

My philosophy is this.....If you can afford it BUY IT........If you think you will struggle....THINK VERY CAREFULLY.....If you know yoiu will struggle.......DONT BUY IT.

as simple as that

allycraven wrote:

2 x (net pay - bills/expenses), not 2 x gross pay.....

Is that assuming you'll only buy one car?

We have 4, so I guess we're goosed.

I think the formula also takes into account 'mainstream' cars and 'mainstream' running costs. My 300Tdi Defender is absorbing a lot of funds right now due to 'enthusiast' changes. It doesn't follow convention.

I also fully support what Sir RRV said. Si. <This is my name.

I eat rat poison.

A man ain't truly been insulted until he stands buck naked in front of a woman and she didn't even notice. Or care.

Also what should your car/cars be worth in relation to your property ?

You see some very grand houses with old bangers parked in the drive, but you also see some property where the car must be worth more than the house