So your average £80k-earning car-financing person actually spends £1266.67 a month on their car.
It's be interesting to see how that breaks down by income bracket. Off the back of sheppz' comment about expensive German cars I search for e class coupe deals, and you seemed to be able to get a flash German status car for £700p/m.
So I would expect people who spend loads on car payments to spend something like £500-700 once they're able to afford it, but then not really beyond that as earnings increase.
You get a mileage arrest fitted, so no matter how many miles you do when you hand the car back it’s under the minimum- and means you don’t have to service it either.
It's be interesting to see how that breaks down by income bracket. Off the back of sheppz' comment about expensive German cars I search for e class coupe deals, and you seemed to be able to get a flash German status car for £700p/m.
So I would expect people who spend loads on car payments to spend something like £500-700 once they're able to afford it, but then not really beyond that as earnings increase.