EVs... no one wants them!
Discussion
KingGary said:
Quite, but we are talking about cars. Some people might be ok paying several hundred quid per month out of taxed income to drive an EV that looks like a partially sucked boiled sweet, but I’m not one of them.
For most people driving "boiled sweets" it will be untaxed income....Muzzer79 said:
You’re a fine one to talk
And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
Indeed.And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
"People who are engaged in high levels of investment activity tend not to have large amounts of money they would be able to spend upfront on supercars. This is because much of the money these people do have is tied up in investment assets.
Therefore, it is often a shrewd move for a supercar collector to finance their next supercar; in other words, borrow money to pay for it. This person can then use some of their investment profits to help ease the task of financing the vehicle. "
https://magnitudefinance.com/supercar-buyers-guide...
Muzzer79 said:
You’re a fine one to talk
And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
Let's not go down that route! We all know that for every bloke who has a genuine reason to use finance rather than just sending over the cash there's a hundred consumer monkeys using that as an excuse for their inability to stay out of the shops. And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
Don't get me wrong, I make my living from it so I think it's wonderful but there's no shortage of supposed 'super rich' who haven't got a pot to piss in when you go looking at what they've got as collateral. Nor would you believe how s
tty they can get, which is actually the best indicator that they're not good for it we're things to go south. 
KingGary said:
Muzzer79 said:
KingGary said:
Muzzer79 said:
KingGary said:
Works for me as I don’t like debt.
Ah, another one who can’t use a calculator.And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
It’s not a complicated calculation to work out that money invested can yield more than money owed.
Example - I could pay a portion of my mortgage off with savings, but choose not to do so because it’s currently earning more money invested than it costs on my low rate mortgage.
The same principle can apply with cars.
It’s not all morons buying white, base model Range Rover Evoques on tick for 80% of their monthly income in order to impress their mates on Instagram……
DonkeyApple said:
Muzzer79 said:
You’re a fine one to talk
And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
Let's not go down that route! We all know that for every bloke who has a genuine reason to use finance rather than just sending over the cash there's a hundred consumer monkeys using that as an excuse for their inability to stay out of the shops. And if you could use a calculator, you’d realise that debt, in the right circumstances, can be completely the most astute decision if the money can be better placed elsewhere.
Did you think that rich people buying supercars on finance (a significant number) were doing so because there’s nothing in the fridge?
Don't get me wrong, I make my living from it so I think it's wonderful but there's no shortage of supposed 'super rich' who haven't got a pot to piss in when you go looking at what they've got as collateral. Nor would you believe how s
tty they can get, which is actually the best indicator that they're not good for it we're things to go south. But the point is, there’s some making good decisions and some even making a conscious decision based on many other factors.
A sweeping “all debt is evil” statement is therefore narrow-minded.
DonkeyApple said:
Let's not go down that route! We all know that for every bloke who has a genuine reason to use finance rather than just sending over the cash there's a hundred consumer monkeys using that as an excuse for their inability to stay out of the shops.
Don't get me wrong, I make my living from it so I think it's wonderful but there's no shortage of supposed 'super rich' who haven't got a pot to piss in when you go looking at what they've got as collateral. Nor would you believe how stty they can get, which is actually the best indicator that they're not good for it we're things to go south.
Classic case must be the use of finance to buy the latest "iphone". Millions taking on debt when their previous gen phone is perfectly usable, just not 'fashionable'. Anyone who can afford it, usually doesn't care.Don't get me wrong, I make my living from it so I think it's wonderful but there's no shortage of supposed 'super rich' who haven't got a pot to piss in when you go looking at what they've got as collateral. Nor would you believe how s
tty they can get, which is actually the best indicator that they're not good for it we're things to go south. raspy said:
Indeed.
"People who are engaged in high levels of investment activity tend not to have large amounts of money they would be able to spend upfront on supercars. This is because much of the money these people do have is tied up in investment assets.
Therefore, it is often a shrewd move for a supercar collector to finance their next supercar; in other words, borrow money to pay for it. This person can then use some of their investment profits to help ease the task of financing the vehicle. "
https://magnitudefinance.com/supercar-buyers-guide...
To be fair, that's a sales pitch where we offer the excuse in advance to the chap who hasn't the cash to hand. "People who are engaged in high levels of investment activity tend not to have large amounts of money they would be able to spend upfront on supercars. This is because much of the money these people do have is tied up in investment assets.
Therefore, it is often a shrewd move for a supercar collector to finance their next supercar; in other words, borrow money to pay for it. This person can then use some of their investment profits to help ease the task of financing the vehicle. "
https://magnitudefinance.com/supercar-buyers-guide...
The reality is that when someone has to approach a finance solution away from their own bankers then they're on or over their limits. Ergo, they pay 4 over 3 year rates minimum. We know they haven't got it. They know they haven't got it but everyone's happy to pretend otherwise and price the risk accordingly.
Folks who are good for it tend not to be paying much more than 1 or 2 over.
Just in case I've gone senile and misunderstood how thread has shifted focus.
Has gone from ICE vs EV tribalism to cash vs finance tribalism.
Yet the reality in both cases is that the answer to both of these questions varies from person to person dependant upon the situation. Furthermore it can also differ at different times for any single person dependant upon changing situation and the presented numbers.
Will the thread ever end? By 2035 one supposes.
Dear God.
Has gone from ICE vs EV tribalism to cash vs finance tribalism.
Yet the reality in both cases is that the answer to both of these questions varies from person to person dependant upon the situation. Furthermore it can also differ at different times for any single person dependant upon changing situation and the presented numbers.
Will the thread ever end? By 2035 one supposes.
Dear God.
FiF said:
Just in case I've gone senile and misunderstood how thread has shifted focus.
Has gone from ICE vs EV tribalism to cash vs finance tribalism.
Yet the reality in both cases is that the answer to both of these questions varies from person to person dependant upon the situation. Furthermore it can also differ at different times for any single person dependant upon changing situation and the presented numbers.
Will the thread ever end? By 2035 one supposes.
Dear God.
You missed the important diversion to discuss the content of our fridges....Has gone from ICE vs EV tribalism to cash vs finance tribalism.
Yet the reality in both cases is that the answer to both of these questions varies from person to person dependant upon the situation. Furthermore it can also differ at different times for any single person dependant upon changing situation and the presented numbers.
Will the thread ever end? By 2035 one supposes.
Dear God.
Muzzer79 said:
Oh I don’t doubt that there’s a lot of people out there making poor decisions.
But the point is, there’s some making good decisions and some even making a conscious decision based on many other factors.
A sweeping “all debt is evil” statement is therefore narrow-minded.
Absolutely. But the point is, there’s some making good decisions and some even making a conscious decision based on many other factors.
A sweeping “all debt is evil” statement is therefore narrow-minded.
Debt is good. Debt is important. Debt is crucial.
It's the balance that is critical. Like many things it's about staying on the positive side but the switch point is a knife edge, a life changing one that's extremely easy to end up on the wrong side of.
You can't have a civilised or healthy society without debt. It is absolutely pivotal in freeing intelligent people from the random act of being born to poor or stupid parents. The down side is that by making it available to winners and potential future winners it is also available to muppets and ponces.
The U.K. car market does tend to be a bit of a window into the mug element.
We just need to return to being able to take a pound of flesh.
BricktopST205 said:
Dave200 said:
You're not coming across as very smart here, or you're just deliberately ignoring points you don't agree. I could lease an M340i or a model 3 long range for the same price today. As we've established, they do identical jobs in almost identical ways. Why is the Tesla a stupid price while the BMW isn't?
Sorry to break it to you but a model 3 isn't in the same category as a M340i. It is a cheap car akin to the Ford Mondeo. The fact it costs the same as a BMW M340i on a lease is just showing that. You are paying for the EV side of things. The base of the model 3 is Mondeo/Passat level not BMW. Sit in a Model 3 then a BMW M340iZj2002 said:
KingGary said:
Zj2002 said:
Works both ways.
My only comments in this thread are in response to non leasers looking down their noses at leasers as they must be thick.
If you want to drive a shed you own fine, no need to judge others.
If I want to lease a car and not drive a shed, fine, no need to judge others.
I didn’t start the smug attitude - I responded to it.
I didn’t start anything, I just said leasing is for mugs. It’s designed on the most part for the financially illiterate, to empty their pockets, and make them sink their income into something they would otherwise be unable to afford. Our whole economy has been built on debt.My only comments in this thread are in response to non leasers looking down their noses at leasers as they must be thick.
If you want to drive a shed you own fine, no need to judge others.
If I want to lease a car and not drive a shed, fine, no need to judge others.
I didn’t start the smug attitude - I responded to it.
I sink a small proportion of my income into a car that I want to use for 3 years. I could buy a Mondeo, and have more money in the bank. However the cost of borrowing the car for 3 years is worth it to me. Bit like driving a shed and judging those who don’t is worth it to you.
FiF said:
Just in case I've gone senile and misunderstood how thread has shifted focus.
Has gone from ICE vs EV tribalism to cash vs finance tribalism.
Yet the reality in both cases is that the answer to both of these questions varies from person to person dependant upon the situation. Furthermore it can also differ at different times for any single person dependant upon changing situation and the presented numbers.
Will the thread ever end? By 2035 one supposes.
Dear God.
Don't panic. Tuesday we are moving to 'SUVs are for Has gone from ICE vs EV tribalism to cash vs finance tribalism.
Yet the reality in both cases is that the answer to both of these questions varies from person to person dependant upon the situation. Furthermore it can also differ at different times for any single person dependant upon changing situation and the presented numbers.
Will the thread ever end? By 2035 one supposes.
Dear God.
s' and rolling on to Friday we'll be staggering back to 'EVs being for wkers'. Just go with the flow. After all, we all like Fords, we just don't always concur with the militant ramblings of some Ford drivers.
DonkeyApple said:
EddieSteadyGo said:
You missed the important diversion to discuss the content of our fridges....
Mine is now a lot emptier than it was this afternoon. Should I be worried?I think that means we should be either mortified, or dead. Hopefully it (the fridge) will recover by the morning.
EddieSteadyGo said:
KingGary said:
Quite, but we are talking about cars. Some people might be ok paying several hundred quid per month out of taxed income to drive an EV that looks like a partially sucked boiled sweet, but I’m not one of them.
For most people driving "boiled sweets" it will be untaxed income....Edited by KingGary on Saturday 18th May 21:02
KingGary said:
That’s no reason to own one. My ancient Range Rover struggles to make 14mpg and costs £130 to fill with super unleaded. I can afford it, the car is cool so I don’t care.
Nice! Enjoy!And to be very honest, I think there would be a certain pleasure running something like an old Range Rover and enjoying it for what it is.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff