Poor people and credit

[DickyC]

You are also influenced by the people around you; friends, colleagues and neighbours. If you're earning similar money to your peers you probably wouldn't want to stand out by having cheaper possessions than them.

[mikees]

Thinking about this in the car and listening to radio advert for Amigo loans. I understand pay day loans but 49% APR on up to £7.5k WTF

Mike

[hairyben]

DonkeyApple said:

Firstly, there is no such thing as 0%. It's a marketing gimmick. You're still paying interest except it's front loaded in the deal.

Secondly, it's a good indicator that there is more to come off the price.

And thirdly, no one in their right mind is going to fanny about with credit paperwork. You're just going to give the money over and leave.

Technically you're right, but there are a lot of businesses today whose model doesn't value the people who can actually afford what they've come in to buy - The store guy in furniture villiage made a big enough deal out of matching their own online price for a couple of sofas bought for cash - by the time he'd finished wasting no insignificant amount of my time - requiring several talks to his manager - over this big deal I simply didn't have the patience to press for actual discount. I left with the distinct impression we, wanting the two sofas we knew we liked and no more, were just not their desired type of customer. Do people buying on tick say yes to all the guff, the insurance, sofa protection, the matching £300 yes 300 fking quid fking footstall, easily suggestible to upgrades and future marketing? Is hairyben the wker who'd rather overpay his mortage than have a grey pcp audi on the drive just ruining it for them?

[castex]

Pommygranite said:

You guys are the same as none car people who take the piss out of M BMW's, 911's etc and that think those who drive them are just posing wkers.

Just as you like your cars for more than just moving you around some people into watches like them for more than just their ability to tell time with regard for their engineering, movements and design.

Yep there are M3, 911, Fezza drivers who are just posers just as yep, there are Rolex, IWC, JLC owners who are posers but not all are, just like you with your cars.

Calling someone insecure because they have an expensive watch is just retarded.

I know for a fact some very well regarded members of this site have extremely high end watches to go with their very high end cars, the same cars you praise as paragons of taste.

Have a bit more balance than chucking everyone in the same pot hey chaps.

I wouldn't call anyone insecure because of a watch, or at all actually unless they'd had my dander up and actually were.
However, comparing watches to high performance cars is just silly.

[BrabusMog]

DickyC said:

iphonedyou said:

Purchase was December 2105.

Ah, the Space-Time Paradox Model. Any good?

Fair play to you as well, iphonedyou, or whoever bought the watch for your missus. I don't doubt either of the stories, but they aren't the norm when it comes to Rolex ADs.

[Jezzerh]

BRR said:

I personally can't see the problem with using finance to buy something, if you feel the additional cost asscoaited with the finance is worth paying in return for having the item sooner than by saving then why not? i do find it a litle odd when people will sacrifice on basics like decent food etc so they can have the latest iphone or 65" TV but each to their own i guess, i personally paid for my Armani watch straight cash but i'm a legit baller

Pfft lol at this scrub with an Armani fashion watch

[castex]

Jezzerh said:

BRR said:

I personally can't see the problem with using finance to buy something, if you feel the additional cost asscoaited with the finance is worth paying in return for having the item sooner than by saving then why not? i do find it a litle odd when people will sacrifice on basics like decent food etc so they can have the latest iphone or 65" TV but each to their own i guess, i personally paid for my Armani watch straight cash but i'm a legit baller

Pfft lol at this scrub with an Armani fashion watch

>>>Whoosh>>>

[pork911]

foxsasha said:

If you have the money sat doing nothing and you can buy an expensive watch and fundamentally enjoy it for free (other than the cost of tying the money up) then why would anyone begrudge another for doing so? What reason would there be for not buying an expensive non depreciating asset to enjoy when the cost of doing so is so minimal and the alternative use of the money is for it to add a few numbers to a computer screen?

'that was a satisfying time check, i really enjoyed it'


wearing an investment is just baubling

[foxsasha]

pork911 said:

U
'that was a satisfying time check, i really enjoyed it'


wearing an investment is just baubling

Absolutely but why not when the alternative is to have a bank balance a few k further in the black

[pork911]

of course, but it is where there is denial that it is cringeworthy

[Pommygranite]

castex said:

Pommygranite said:

You guys are the same as none car people who take the piss out of M BMW's, 911's etc and that think those who drive them are just posing wkers.

Just as you like your cars for more than just moving you around some people into watches like them for more than just their ability to tell time with regard for their engineering, movements and design.

Yep there are M3, 911, Fezza drivers who are just posers just as yep, there are Rolex, IWC, JLC owners who are posers but not all are, just like you with your cars.

Calling someone insecure because they have an expensive watch is just retarded.

I know for a fact some very well regarded members of this site have extremely high end watches to go with their very high end cars, the same cars you praise as paragons of taste.

Have a bit more balance than chucking everyone in the same pot hey chaps.

I wouldn't call anyone insecure because of a watch, or at all actually unless they'd had my dander up and actually were.
However, comparing watches to high performance cars is just silly.

It's used in the context that apparently ALL people who buy an expensive watch do it show off but apparently use the same arguement about high performance cars and its 'silly'

My point is some people like different stuff and some will by any expensive item to show off just as some buy items that happen to be expensive items because they like subject matter of what they are buying.

Think Eric Clapton had the most expensive watch ever made to show off? Of course not he just had a thing for horology.

[Ari]

Willy Nilly said:

Though I have never driven any of the car you mentioned, I can see how they give a different motoring experience than my car. I can see the draw and attraction of the power and can see how the precise handling and steering can give a keen driver a hard on. But how can a 10 grand watch give a more satisfying time keeping experience than my 9 quid Decathlon watch of my 140 quid CWC thingy (who's date keeps going squew wiff?

In terms of simple function - nothing. A £10K watch tells the time, a £9 watch tells the time.

Just like in terms of simple function there is no difference between a £70,000 Porsche 911 and a £7,000 Dacia. The Porsche gets you from point A to point B, the Dacia will get you from exactly the same point A to point B.

However, just because you understand or appreciate the difference doesn't mean that others can't.

[anonymous-user]

This reminds me why I avoid all but the £50 watch sub-forum.

[Stinkotanko]

OpulentBob said:

This reminds me why I avoid all but the £50 watch sub-forum.

At least the people in that thread are honest with themselves, buying what they can afford. The rest of that board is in denial, apparently Sinn is now an elevated brand. Please!

[DonkeyApple]

hairyben said:

DonkeyApple said:

Firstly, there is no such thing as 0%. It's a marketing gimmick. You're still paying interest except it's front loaded in the deal.

Secondly, it's a good indicator that there is more to come off the price.

And thirdly, no one in their right mind is going to fanny about with credit paperwork. You're just going to give the money over and leave.

Technically you're right, but there are a lot of businesses today whose model doesn't value the people who can actually afford what they've come in to buy - The store guy in furniture villiage made a big enough deal out of matching their own online price for a couple of sofas bought for cash - by the time he'd finished wasting no insignificant amount of my time - requiring several talks to his manager - over this big deal I simply didn't have the patience to press for actual discount. I left with the distinct impression we, wanting the two sofas we knew we liked and no more, were just not their desired type of customer. Do people buying on tick say yes to all the guff, the insurance, sofa protection, the matching £300 yes 300 fking quid fking footstall, easily suggestible to upgrades and future marketing? Is hairyben the wker who'd rather overpay his mortage than have a grey pcp audi on the drive just ruining it for them?

In short, yes. A key advantage of finance is that it makes all costs look so much smaller. Hence all the ads and price tags feature small weekly or monthly numbers never full value figures. Adding in additional services is much easier when the service is just £1 more on top of the number the customer is focussing on. Likewise with the 'nothing to pay now' model it reduced dramatically the number of returns as it kicks buyers remorse so far down the road that the goods cannot be returned or the user has become accustomed to it.

Retail debt allows you to shift more stock, more quickly and with greater profits. And for stores selling items much above £1000 it is becoming almost essential as the number of people with >£1000 in a bank account continues to fall.

There will for some businesses almost an inability to process a transaction without a debt facility being part of the sale. I suspect that furniture stores and car lots are the closest to that?

[DonkeyApple]

castex said:

I wouldn't call anyone insecure because of a watch, or at all actually unless they'd had my dander up and actually were.
However, comparing watches to high performance cars is just silly.

Is it? Happy to be wrong but I would have thought there was an extremely strong correlation between owners of expensive cars and expensive watches. This would certainly explain why there has never been a high end publication which has not featured adverts for both or a car magazine that has not contained adverts for watches etc?

There are watches specifically made to be sold to car brand followers and car dealers who sell watches etc.

I think that on average you'd be slightly surprised to see the owner of a 'look at me' car not sporting a 'look at me' bracelet.

I think the two are very strongly interwoven.

[wolves_wanderer]

DonkeyApple said:

Is it? Happy to be wrong but I would have thought there was an extremely strong correlation between owners of expensive cars and expensive watches. This would certainly explain why there has never been a high end publication which has not featured adverts for both or a car magazine that has not contained adverts for watches etc?

There are watches specifically made to be sold to car brand followers and car dealers who sell watches etc.

I think that on average you'd be slightly surprised to see the owner of a 'look at me' car not sporting a 'look at me' bracelet.

I think the two are very strongly interwoven.

A correlation between expensive things and other expensive things isn't news surely?

[castex]

One thing tells the time, can look flash, gratifies in terms of engineering.
The other provides transport of delight. Plus all the other stuff.
No comparison.

[DonkeyApple]

wolves_wanderer said:

A correlation between expensive things and other expensive things isn't news surely?

The correlation isn't purely 'expense' though. There's more to it. If we listed a whole number of expensive goods we would see that some, for differing reasons, group close together than others.

The fact that a large car site has a dedicated forum to watches suggests these two goods correlate quite strongly.

I guess what is up for discussion is why this pair match so well.

[BrabusMog]

DonkeyApple said:

wolves_wanderer said:

A correlation between expensive things and other expensive things isn't news surely?

The correlation isn't purely 'expense' though. There's more to it. If we listed a whole number of expensive goods we would see that some, for differing reasons, group close together than others.

The fact that a large car site has a dedicated forum to watches suggests these two goods correlate quite strongly.

I guess what is up for discussion is why this pair match so well.

You'll also see a lot of people just as thrilled at an old Poljot watch that someone has grabbed off eBay for a ton, just like people who motor on a budget with an MX5 etc etc. Then, at the other end of the spectrum, watch people will be wowed by the poster who posts about his latest Richard Mille, just as car people will appreciate anyone willing to share photos of their new 918/P1 etc.

I like all watches, personally, apart from fakes which I laugh at, like I would laugh at a Ferrari 355 which is actually an MR2 in drag.