How much you need to earn to afford a new BMW 2 Series

SauRoNZA

SauRoNZA

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Jul 6, 2010
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That list of standard equipment is actually quite shameful.

It would be great if the Germans would stop the bolt-ons with their “packages” and be more like the east with higher spec default equipment.
 
J

justplain

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May 14, 2004
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2,080
These things will be everywhere.
I'd wager a high percentage of people who'll be driving these do not earn circa R75k a month.
They'll be on some stupid GFV finance package.
Posers gonna pose :D
 
U

ubercal

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Joined
Dec 5, 2005
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3,988
justplain said:
These things will be everywhere.
I'd wager a high percentage of people who'll be driving these do not earn circa R75k a month.
They'll be on some stupid GFV finance package.
Posers gonna pose :D
Click to expand...

just like the muppets that purchase gtis but earn 15k a month
 
R

r4nd0m

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Joined
Dec 29, 2016
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A young junior developer landed his first job with us.

I have no idea what he earned exactly, but given it was his first job (front-end dev, circa 2015), you'd think he'd be more wise with his money and start to save for a place or similar.

Anyway, I don't know how he financed this, but he bought an A45 AMG after a few months. It was brand new and we heard him talking to the dealership/finance houses/etc... organizing this magnificent deal.

Pretty much the entire office tried to dissuade him, but his reasoning was that he had to show he was progressing to his family, friends and community. Apparently buying an expensive car is the way to do that.

Those monthly payments, insurance, etc... must have been up to 90%+ of his salary. Did I mention he had just passed his drivers and picked this for a first car?
 
Dan C

Dan C

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r4nd0m said:
A young junior developer landed his first job with us.

I have no idea what he earned exactly, but given it was his first job (front-end dev, circa 2015), you'd think he'd be more wise with his money and start to save for a place or similar.

Anyway, I don't know how he financed this, but he bought an A45 AMG after a few months. It was brand new and we heard him talking to the dealership/finance houses/etc... organizing this magnificent deal.

Pretty much the entire office tried to dissuade him, but his reasoning was that he had to show he was progressing to his family, friends and community. Apparently buying an expensive car is the way to do that.

Those monthly payments, insurance, etc... must have been up to 90%+ of his salary. Did I mention he had just passed his drivers and picked this for a first car?
Click to expand...
Most likely on the Agility plan. You can get an A class for under R10k a month. BUT the car is never yours.
 
Lupus

Lupus

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Apr 25, 2006
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14k on a car per month, wow I'm at under 5500 for 2 cars. People have way too much money
 
Tman*

Tman*

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Jul 18, 2012
Messages
5,502
justplain said:
These things will be everywhere.
I'd wager a high percentage of people who'll be driving these do not earn circa R75k a month.
They'll be on some stupid GFV finance package.
Posers gonna pose :D
Click to expand...
Remember R75 net.

That's roughly R113 000pm before tax, with no other deductions.

For a base spec 2 series
 
V

vigras rojara

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Joined
Dec 28, 2016
Messages
5,431
r4nd0m said:
A young junior developer landed his first job with us.

I have no idea what he earned exactly, but given it was his first job (front-end dev, circa 2015), you'd think he'd be more wise with his money and start to save for a place or similar.

Anyway, I don't know how he financed this, but he bought an A45 AMG after a few months. It was brand new and we heard him talking to the dealership/finance houses/etc... organizing this magnificent deal.

Pretty much the entire office tried to dissuade him, but his reasoning was that he had to show he was progressing to his family, friends and community. Apparently buying an expensive car is the way to do that.

Those monthly payments, insurance, etc... must have been up to 90%+ of his salary. Did I mention he had just passed his drivers and picked this for a first car?
Click to expand...
People at that age have no other expenses though. Probably live with parents, no medical aid, no kids to support.

Not a clever thing to do but who was clever at that age...?
 
Lupus

Lupus

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50,982
Tman* said:
Remember R75 net.

That's roughly R113 000pm before tax, with no other deductions.

For a base spec 2 series
Click to expand...
No it's 75k gross, 14500 comes in at 27% of the net from that.
 
Polymathic

Polymathic

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I know people earning significantly less than that with vehicle valued over higher
 
PhireSide

PhireSide

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Dec 31, 2006
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Such disparity when you look at other countries.

I'm on a few car-related subreddits and it's not uncommon to see people straight out of school working their first entry-level job and being able to afford cars that would cost R750k and up over here.
 
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