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Yeah, there’s no reason to think that the % of income spent is constant across the income distribution. Higher earners also more likely to have company cars? Not sure.
NickCJ-
Yeah. But there are lots of Range Rovers about and they’ll not be £700 a month. Plus the £3000 a month McLarens and what not.
Once you have loadsa cash you spend more on everything, because you have to so you feel better about doing a hateful job.
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As a company car your E Class coupe is likely to cost you £800 per month in tax plus private mileage. Understandably company cars are taxed as benefits the tax system is set a bit unfairly for some though.
https://comcar.co.uk/companycar/tax/select/?make=Mercedes-Benz&model=E-Class+Coup%26%23233%3B&fueltype=petrol
Hefty
Dibble
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.