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      11-02-2012, 09:48 AM   #1
RWD4Life
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How much should one spend to own a BMW?

From what I gather, it seems that one should only spend 10% to 20% of their net income on a monthly basis for a new vehicle. That amount includes lease or loan, insurance and gas. What do you people think? Is it a fair assumption? Do you tend to spend more or less than that?
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      12-28-2012, 04:47 PM   #2
f30nynj
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I spend 8% on lease, 2% on gas and 3% on insurance. I rent my apt near NYC, so higher living expenses.
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      04-11-2013, 10:51 AM   #3
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Depends on your lifestyle and other things in life. Do you have a mortgage, marry, kids....etc?
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      02-09-2014, 05:50 PM   #4
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Everyone is different, but 10% is a decent rule of thumb. I spend a bit less.
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