What's Your Salary and What Car Do You Drive?

Most seasoned ozbargainers would agree that spending $80,000 on a car whilst on an entry-level finance salary isn't the most prudent thing to do.

With many immigrant cultures now favouring excessive consumption as a show of status and wealth over prudence, is it really reasonable to spend more money to buy a german-badged car?

Is it reasonable to spend 100k on a cayman "as a hobby" on a 60k salary and save more money on other parts of your life?

If not, what is reasonable?

What is the value of you car compared to your annual post-tax take home salary?

Would also love to hear a vague estimate of your salary, what car you drive and how much you paid in the comments to stimulate discussion

Question also applies to motorcycles

Poll Options

  • 180
    <5%
  • 130
    6-10%
  • 228
    11-20%
  • 127
    21-30%
  • 69
    31-40%
  • 41
    41-50%
  • 37
    51-75%
  • 23
    76-100%
  • 7
    101-150%
  • 1
    151-200%
  • 13
    201%+
  • 118
    I made a high-yield investment of $80k from my $180k salary to get bikies to ferry me everywhere

Comments

  • +59 votes

    I drive a 1998 4-cylinder Toyota Camry as a full-time student, but maybe together we can convince my girlfriend that going 100k into debt for a used porsche next year is a reasonable expense.

    • +59 votes

      pffttt.. you only need to convince your wife.

      girlfriend ? just dump her & get another one that won't control your financial.

      • +14 votes

        yeah get one that only wants you for your porsche and then watch her breakup with you and take half that fly ride

        • +2 votes

          It was a joke FYI.

      • +15 votes

        pffttt.. you only need to convince your wife.

        girlfriend ? just dump her & get another one that won't control your financial.

        It's 2017 not 1917, you can replace your wife too!

        • +8 votes

          It's 2017 but Penny isn't allowed to have a wife.

          Sorry sophes

        • +5 votes

          @Penny Wong:

          Penny isn't allowed to have a wife.

          If only state prohibitionism protected everyone from such misery.

        • +4 votes

          Dumping ur gf is free, dumping ur wife costs half ur fortune.

        • +1 vote

          @westernculture:

          Or a lot more.

          Touché.

        • +1 vote

          @Penny Wong: Just use a comm car, ideal for those living off the state

        •  

          @RockyRaccoon:

          Not just a commie car, commie everything. Make Australia red.

        •  

          @Penny Wong: Ah ah now we know you are really Sarah (H-Y) not Penny 😀

    • +8 votes

      Your not Penny Wong

      • +5 votes

        WOKE

        •  

          EXACTLY!!!!!

        • +37 votes

          You're *

      • +4 votes

        His not Penny Wong.

        • +2 votes

          He's

        • +8 votes

          #notmypenny

        • +5 votes

          NOTPENNYSBOAT

        •  

          @salem: Is that a Lost reference I hear snuck in?

    • +1 vote

      did you get my old Camry? Better not tell you what I did inside…

    • -1 vote

      maybe together we can convince my girlfriend that going 100k into debt for a used porsche next year is a reasonable expense.

      Your girlfriend obviously has more sense than to go $100K into debt for a used car.

    • -2 votes

      Are you the real Penny Wong? :0

    • +1 vote

      if only the Camry was a riced out AE86 :P

    •  

      Ahhhhh Camrys. The preferred transport of any seasoned ozbargbainer

    •  

      Porshe should depreciate slower than a GF.

  • +19 votes

    if it's your hobby (enjoy spirited driving / track) then it's worthwhile.

    if you've face problem & need a 911 for picking up chicks then it's worthwhile too.

    if it's for ego & to impress colleague / relatives, then no.

    • +11 votes

      Is a $200,000 911 a higher yield investment than cosmetic surgery?

      • +1 vote

        Depends on how much you are ripping the taxpayers off.

      • +2 votes

        nah… a 911 will only attract gold diggers. Costmetic surgery you can bag yourself a sugarmumma/daddy

        • +9 votes

          So you're saying that cosmetic surgery can lead to a free 911 down the track? Sounds like sound financial planning to me!

    • +12 votes

      This is the answer. People value different things. People spend lots on clothes, but scrimp on food and vice versa. Within reason, don't feel guilty about spending extra money on something you're passionate about.

      It will make you happy.

      • +3 votes

        Yeah, but not if you are buying it to impress other people or as a show of status.

        • +6 votes

          What if that's where you place value. It's not your money anyways

        • +3 votes

          not if you are buying it to impress other people or as a show of status

          Why not? They are not spending your money. It's their money and they should spend it on whatever makes them happy.

        •  

          @Drifter:
          You both missed my point, whatever

  • +2 votes

    earn 115 - 130k drive a 2008 BMW 320d bought in 2011 for $40k

    Great car good performance and great on fuel. I would love a 981 cayman :-)

    • +31 votes

      A 320d does not have good performance.

      • +33 votes

        It is good for him, that is all he cares about.

      • +4 votes

        not everyone can afford a m5 ;)

      • +2 votes

        It does actually 0-100 in 8 sec 6 ltr per 100ks 900+ kays on a tank of fuel

        I did have a BF II XR6 turbo with upgraded intercooler and chipped , sure it was much faster, but real world 320d plenty quick enough

        https://www.youtube.com/watch?v=zKrXFTL_6pw

      • +8 votes

        Performance for me is boat towing capacity and braking distance. Performance on Aussie roads with 100kmh limit?

        • +18 votes

          What about performance in the car park of Lidcombe Staysh!?

        • +1 vote

          That you need a ford ute.

        • +2 votes

          @Scrooge McDuck: Coppers, coppers!

        •  

          you never ever know if you never ever go..

      • +1 vote

        How quick do you need to accelerate to the next set of red lights?

        • +18 votes

          Whatever it takes for the VTEC to kick in

        • +1 vote
        •  

          As fast as possible. That's how you get places quicker without breaking the law.

    • +1 vote

      curious - what's your experience with upkeep of an used beemer?

      • +3 votes

        good if you have a trustworthy mechanic, prices good on OEM stuff

      •  

        I've owned e36, e46 and now e90. Pretty low cost to keep on the road. One service a year. Because I buy them when 10yo, typically I need to fix either alternator or water pump.

        • +2 votes

          I had an E46 330i, and had the opposite experience. In one month, I had to replace the radiator,,entire cooling system, oil rocker gasket and power steering pump. Lots of bits seem to fail over 150,000km.

        •  

          @AlexD: Yeah can depend on km's and service history also. I always go for low km's and full service history. I had the 330ci in manual. Fun car!

        • +1 vote

          @casho: I don’t think I’ve ever driven a more enjoyable car. Low km are definitely the way to go. Mine only started having more frequent issues ~160,000km, and I kept it until it had ~200,000km.

    •  

      earn 115 - 130k

      doing what?

      • +4 votes

        Brodening NES minis

      • +1 vote

        Bitcoin mining

    •  

      On a similar boat. I have 2014 318D and got it for similar price a year ago. Awesome on fuel (5.1l for 100) and accelerate fast enough on sports mode to beat 95% of the cars next to me.

  • +17 votes

    $100,000+ and some ford car, not sure what model I think Fairmont or falcon and it's 2003 or something not sure, that I've had since I was 20

    • +6 votes

      Ah a frugal Ozbargainer, just like me :).
      Can we be friends :)

      • +41 votes

        Yea :) I'm far from frugal though I just don't have any interest whatsoever in cars

        • +14 votes

          This is the most honest comment I've read on these forums.

        •  

          What about safety? ;)

        • +4 votes

          @Matslurpee:

          I get it serviced once a year and I'm a very patient driver :)

        • +5 votes

          @Heracles26: I was speaking more about how older cars are shit in safety, so while you save a little using an old car you may regret being overly frugal when it comes to car safety.

          Also even if you drive perfect, it doesn't stop you getting t-boned by an old lady who hit the accelerator instead of the brakes.

        • +1 vote

          @Matslurpee:

          Oh I get ya but nah it seems fine in terms of safety, it's early 2000's so no issues there that have ever been brought to my attention

          Yes true, no car will stop that unfortunately

        •  

          @Matslurpee: genuine question: with all the technology go to fuel economy are cars become safer?

        • +2 votes
        •  

          @Matslurpee:

          I would rather be in an large older car in a crash than a new small car.
          And as a bonus a 14 year old falcon won't have a Takata shrapnel bomb in the steering wheel.

        • +5 votes

          @zathras:

          You'd be surprised how far cars have come in 10-15 years.

        •  

          @Masteraal:

          I know there have been changes (some improvements) over the last decade.
          But you can buy a safer older car than a brand new car for the same money.
          For example, if I had $16000 to buy a car, i would choose a 2012 Ford Falcon over a brand new 2017 Kia Picanto. Pretty sure the Falcon is safer for the occupants in a crash. If both of those cars crashed head-on, which would you rather be in?

    • -10 votes

      Such Bullshit that you don't know the type of car your drive. Stop trying to be cool.

      • +11 votes

        'Tis true and it's more embarrassing than cool i think, don't be angry xo

    • +1 vote

      I hope it's on gas

  • +11 votes

    150k.

    No car here son.

    theendlessextracash

    • +41 votes

      that endless sex cash?

      I drive a used Subaru, funnel all my savings into OzBargain, and have no sex.

      • +18 votes

        He said endless sex trash.

        • +5 votes

          He said endless sex trash.

          that's what I saw as well :)

        • +4 votes

          @FW190:

          You bitches are (profanity) jelly im rolling in endless trashy sex.

          But seriously though….

          Lets do some mathematics for a second to calculate how much endless trashy sex I endure.

          Actually RAC have done some great breakdowns of the cost/week of a car. These start at around $170 and go up to $300+

          https://rac.com.au/-/media/files/rac-website/pdfs/car-and-mo...

          So even if I was akin to many a car owner, out of shape from being stuck in a car for a good % of my life; I could still get 2-3 hours worth of cheap trashy prostitute sex every month. Which may be a lifetime more than many here, considering the astounding number of porches, bmw and audi on this thread.

        • +5 votes

          @eggmaster:

          considering the astounding number of porches, bmw and audi on this thread.

          but…..but…… those are great investments for your grad job :)

        •  

          That's what she said.

      •  

        I drive a used Subaru, funnel all my savings into OzBargain, and have no sex.

        That figures.

        •  

          I can only dream what it feels like to swim in gold and purssie

    • +8 votes

      You should try not eating or going out, then imagine the money you could take to the grave.

      •  

        I spend money….

        Just not on cars. They are boring. To be in, to look at; frustrating traffic; not neccesary for life.

        Imagine all that extra cash i have for eating and going out bro…

        • +8 votes

          not neccesary for life.

          I disagree, without a car I wouldn't have a job.

        •  

          @Lorindor:

          This in from science:

          A new requirement for life; amongst food, water and oxygen….

          A tuff car

        • +4 votes

          @Lorindor:

          A car is necessary for life in Australia that's for damn sure

        • +1 vote

          @FatBlanket: I walk 3 minutes to the train station, ride 9 minutes, walk another 3 minutes and I'm sitting in my office.

          Or I can drive for 30+ minutes in traffic, pay a toll, spend 10 minutes looking for a 2 hour spot, and move the car a further 3 times the same day.

          On weekends I rent a car for $130/inc fuel if I feel like heading somewhere out of the way.

        • +3 votes

          @JoJoker: nice one man. Unfortunately the other 24 million of us don't live less than 15 minutes from work and 3 minutes from a station.

          And what about when you lose your job and the next job is not 15 minutes from home? Or do you rent just so you don't have to drive, lol?

        • +1 vote

          @FatBlanket: In certain lines of work, the jobs are highly concentrated in particular capital city suburbs.

          For example, in Sydney, if you work in finance or law in the CBD, you can place a fair bet on getting your next job nearby.
          All the major building & industrial automation players are in North Ryde, I think the pharma manufacturers too.

          Also if you live near a major train station, you can get to a lot of places pretty quickly.

          In regional areas? Yeah I'd damn well want a car too.

        • +1 vote

          @FatBlanket:

          Last job (different industry) I lived 2 minutes walk away. When I got this job I moved. Life is too short to add 10+ hours a week commuting.