My payments are about 17% of my gross monthly income. I usually pay about 25% of my gross monthly income as I would like to try and get the car paid off in the next three years. I have relatively very few bills to pay, (rent, electricity, internet, and school loan.) I just graduated collage last summer and started at my first professional position that same month. I got lucky where I was interning and got hired on after I graduated. I traded my previous car a 2001.5 Audi S4 that was paid off as my down payment on the 1er along with some graduation money. My situation on purchasing the 1er was practical enough to rationalize to my self spending so much money on a car right out of college. Who are we kidding, we are all car enthusiast and probably spend way more money than we should or need to on our cars.
In hind sight I could have just kept the Audi and been saving a big chunk of change every month! I really don't know which would make me happier.
