View Poll Results: Car payment as a % of after tax income
<5%
22
22.68%
6-10%
37
38.14%
11-15%
20
20.62%
16-20%
6
6.19%
21-25%
5
5.15%
>25%
7
7.22%
Voters: 97. You may not vote on this poll
Car Payment as a percent of after tax monthly income
06-04-2010, 06:09 AM
#31
AudiWorld Member
Join Date: Dec 2009
Location: Northeastern USA
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I never said after taxes, but with employer stock purchase, I can buy stock quarterly at a 10% discount, then immediately sell it and reap that money. Most times (since it happens based on the fiscal quarter) I can wait a few weeks and sell it for closer to 18% (pretax) ROI closer to the companies pending annoucement of quarterly earnings - when speculators buy and drive up stock prices before the announcements.
06-04-2010, 06:28 AM
#32
AudiWorld Super User
It's not about making a car payment, it's about using the money which might have gone there to do more for me 
I pull out 8% of each check for it, so it's a good investment. It enabled me to pay off the wife's last car in 2 years, saving a considerable amount on the loan, and still have money which would have gone to payments the remaining 3 years back into ESPP.
I pull out 8% of each check for it, so it's a good investment. It enabled me to pay off the wife's last car in 2 years, saving a considerable amount on the loan, and still have money which would have gone to payments the remaining 3 years back into ESPP.
06-04-2010, 07:54 AM
#33
AudiWorld Super User
I do the ESPP at 10% of pay and pickup the 15% cost income (8% after taxes). This has nothing to do with with investing. It is just part of the employee perks. It has no effect on my ability to buy a car or make payments. It still does not give me anywhere else to get 4 % after tax investment income, so it really makes no sense to get a 4% loan, when I cannot guarantee an income from investments, after tax approaching the loan cost. It is nice not to owe money.
06-06-2010, 06:21 PM
#34
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Join Date: Dec 2009
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ESPP..... yeah I have those with 25% off but with restriction on selling. And it's very limited amount unless/until I move into management/executive roles. And that's very unlikely IMO.
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