10-29-2020, 07:06 PM
I'm here with another great question. So, rule of thumb is to keep your "transportation" expenses to between 15% to 20% of your monthly take home pay. So, including gas, insurance, car payment and whatever you stash away for parts/maintenance a month, it should be somewhere around that percentage, max. With my car and motorcycle (I'm still on payment plans for both), I'm at about 22% which means I'm out of the regular range (and one of the reasons I want to wait on a second car).
BUT that rule of thumb is generally for squares who don't do car things as a hobby. What would be a better % range for an enthusiast? Do you guys look at this way when figuring up how to afford another vehicle?
BUT that rule of thumb is generally for squares who don't do car things as a hobby. What would be a better % range for an enthusiast? Do you guys look at this way when figuring up how to afford another vehicle?
2008 4Runner
1974 CB360
2015 FJ09
1974 CB360
2015 FJ09