|
|
|
2010 2011 BMW 5 Series Forum F10 Your Salary |
|
View Poll Results: Your salary? | |||
Under 50,000 | 13 | 9.29% | |
Between 50,000 - 100,000 | 34 | 24.29% | |
Between 100,000 - 150,000 | 37 | 26.43% | |
Between 150,000 - 200,000 | 11 | 7.86% | |
Between 200,000 - 300,000 | 19 | 13.57% | |
Over 300,000 | 26 | 18.57% | |
Voters: 140. You may not vote on this poll |
Post Reply |
|
Thread Tools | Search this Thread |
07-01-2014, 09:08 AM | #3 |
Captain
155
Rep 751
Posts
Drives: '12 BMW AW 550xi
Join Date: Apr 2011
Location: Miami, FL
|
$999/month
No bonuses here
__________________
'15 Porsche Macan S / Black & Garnet Red / 20" RS Spyder Wheels / CF trim / Red Calipers / Black Rear Badge.
'12 AW 550xi / Dinan S2 / Arkym CF Spoiler / 3D Design Style Splitter / Eisenmann Race Exhaust / 20' HRE FF01 / ACS Springs / CF Grill / CF 3D Design Diffuser / Blue Calipers... |
Appreciate
0
|
07-01-2014, 10:29 AM | #5 |
Lieutenant
22
Rep 585
Posts |
I get paid in bananas. Not sure how to convert that
__________________
2013 535 X Drive, Alpine White/M Sport/Executive/Apps/Black Dakota/Fineline Anthracite
|
Appreciate
0
|
07-01-2014, 10:38 PM | #9 |
Lieutenant General
11696
Rep 11,175
Posts |
Please also post your credit score and what your credit limits are, along with what your mortgage is (since poor people cannot afford to buy houses outright).
|
Appreciate
0
|
07-02-2014, 07:16 AM | #10 |
Second Lieutenant
41
Rep 242
Posts
Drives: BMW
Join Date: Apr 2014
Location: Atlanta
iTrader: (0)
Garage List 2015 Range Rover Ma ... [0.00]
2010 S550 AMG-Sport [0.00] 2014 335i M-Sport [0.00] 2014 650i M-Sport C ... [0.00] |
I usually get paid in 1s and 5s. I get 20s if I go back with a client in the VIP lounge (usually male).
|
Appreciate
0
|
07-02-2014, 12:39 PM | #12 |
V.I.P.
40
Rep 251
Posts
Drives: F10 535i 2011, F10 550i 2015
Join Date: Dec 2012
Location: Orange County
|
+1
__________________
F10 550i Imperial Blue/Ivory
BM3 Stage 1 - xHP Stage 1 F10 535i Alpine White/Oyster BMC - Vorsteiner Exhaust - ER Chargepipe - AR Catless DP - MHD Stage 2 - FMIC |
Appreciate
0
|
07-02-2014, 01:35 PM | #14 |
Lieutenant Colonel
376
Rep 1,698
Posts |
I'm a bit surprised at the percentage below $50k and below $100k - over 40% of those who have responded so far... granted, not statistically significant by any stretch of the imagination, but of this small sample still startling. I couldn't imagine buying a car this expensive with an income below $100k, no less below $50k (wow!) - your car could be worth more than your annual salary!
My own personal rule of thumb has been that a car shouldn't be worth more than 25%, or 30% absolute max, of my annual income. I say "personal" rule because everyone will have their own priorities, and I wanted to make sure I was prioritizing a home, retirement savings, college savings for children, etc (not important to everyone). While I love cars, they're much lower on the priority list than many other things in life. I can see younger people distorting this rule much more - where their car's MSRP is 50% of their salary, let's say... but then again, I tend to think of that crowd as buying 3ers not 5ers... maybe a misconception on my part. Interesting results, though.
__________________
2017 BMW 650xi Gran Coupe | MSport | Exec Package | Driver Assist Plus | ACC Stop & Go | Adaptive Drive | B&O | Night Vision | Cold Weather | Active Seats
2015 Audi R8 V10 | Brilliant Red on Black | S-Tronic | Carbon Sideblades | Carbon Trim | Full Leather | Sport Exhaust | Illuminated Doorsills | I-Pod | Contrast Stitching Previous: '14 550xi, '07 335i, '01 325i |
Appreciate
0
|
07-02-2014, 01:50 PM | #15 |
Colonel
99
Rep 2,323
Posts |
ezmaass, by your own formula, that would mean you make more than $400,000 a year. That would also mean that someone working 40 a week at min wage should not buy a car that cost more than $3500. How does someone find a reliable new or used car for less than $3500?
|
Appreciate
0
|
07-02-2014, 02:51 PM | #16 | |
Captain
45
Rep 646
Posts |
Quote:
|
|
Appreciate
0
|
07-02-2014, 02:54 PM | #17 |
Second Lieutenant
56
Rep 209
Posts |
|
Appreciate
0
|
07-02-2014, 03:03 PM | #18 | |
Lieutenant Colonel
376
Rep 1,698
Posts |
Quote:
As for a minimum wage worker, I see your point. Essentially, like all rules, once you get to the far extremes of the spectrum, you get outlying cases that call for exceptions to the rule. But to be quite honest, if I was making minimum wage, I'd be looking to purchase the absolute cheapest transportation that gets the job done reliably - maybe a $15k car that's 3 years old and now goes for $10k or so? I don't know. It's certainly a much more unique situation. Like I said, I want to stress the word "personal" in the rule, though, since I think I'm way more fiscally conservative than a lot of people I know, and not everyone has the same priorities. I was just surprised to see how many people responded in the below $50k / $100k since an F10, no matter the model, is a pretty pricey vehicle... and, especially under $50k of income, one could be driving a car that costs more than their entire annual salary.
__________________
2017 BMW 650xi Gran Coupe | MSport | Exec Package | Driver Assist Plus | ACC Stop & Go | Adaptive Drive | B&O | Night Vision | Cold Weather | Active Seats
2015 Audi R8 V10 | Brilliant Red on Black | S-Tronic | Carbon Sideblades | Carbon Trim | Full Leather | Sport Exhaust | Illuminated Doorsills | I-Pod | Contrast Stitching Previous: '14 550xi, '07 335i, '01 325i |
|
Appreciate
0
|
07-02-2014, 04:37 PM | #21 |
Second Lieutenant
179
Rep 255
Posts |
I believe a car payment(s) should not be more than 10% of your gross annual income. Someone making $100k/yr should be able to afford a $800-$900/mo payment. Less than that should be looking at 3 series!!! If buying new of course...
|
Appreciate
0
|
07-02-2014, 05:10 PM | #22 |
Lieutenant
48
Rep 494
Posts |
Everyone has their own priorities and financial situations. Some may be wealthy retirees with relatively small "incomes", others may be well off but choose to work for a low paying non-profit, while others may have received a windfall and paid cash for the car, and still others may place having a nice car near the top of their priority list and don't really care if they have a high car payment. Some may be single with no big commitments, others may have a family/mortgage and all of the commensurate financial obligations. There are no one-size-fits-all rules. Just be responsible and enjoy your life
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|