Originally Posted by
Dahon.Steve
I think the calculation isn't too difficult.
For example, the medium salary in the United States is $50,500.00 USD. Therefore, using WolfChild's numbers, ($6,900.00) he would spend almost 9% of his income on transport and we are not including tolls, tickets and repairs. If he was making less than the average wage, his transportation costs could be 15 or 20 percent of his income.
Under these assumptions. It's going to take him 42 days to pay his motoring cost each year! However, he first has to spend the first 107 days to pay his taxes. Altogether, it will take 149 days (5 months) just to pay taxes and motorcar.
Incredible.
That percentage goes up during the acquisition phase- especially if it is financed.