The economics of new car sales
Discussion
I rent a new car, a Nissan Juke, obviously being on c£110k/yr I can't afford to buy it outright.
I can thrash it and not care about it,
No tax / mots and minimal servicing
It's gone in 3 years
I don't have to deal with the "wots your best price m8" brigade come end of term
But hey, good luck to the person that buys it outright for cash at the end of my term I hope it makes him/her feel like they've made it in life.
I can thrash it and not care about it,
No tax / mots and minimal servicing
It's gone in 3 years
I don't have to deal with the "wots your best price m8" brigade come end of term
But hey, good luck to the person that buys it outright for cash at the end of my term I hope it makes him/her feel like they've made it in life.
Grandfondo said:
Thank you xRIEx that's all I needed to hear!
"PCPs get some people into cars they can't afford to own" which is what got all the irate posters all hot and sweaty over a statement of fact!
My point I am trying to make is that as a country as a whole we should be borrowing less not more!
For a country with "one of the better economies in Europe" why have Wonga and the like flourished over the last few years?
Some hammers are used to murder people. Do you have a hammer? Yes or no."PCPs get some people into cars they can't afford to own" which is what got all the irate posters all hot and sweaty over a statement of fact!
My point I am trying to make is that as a country as a whole we should be borrowing less not more!
For a country with "one of the better economies in Europe" why have Wonga and the like flourished over the last few years?
Grandfondo said:
Thank you xRIEx that's all I needed to hear!
"PCPs get some people into cars they can't afford to own" which is what got all the irate posters all hot and sweaty over a statement of fact!
My point I am trying to make is that as a country as a whole we should be borrowing less not more!
For a country with "one of the better economies in Europe" why have Wonga and the like flourished over the last few years?
Thats not the issue any of us have though. Its statements like this that you've made and are now trying to distance yourself from"PCPs get some people into cars they can't afford to own" which is what got all the irate posters all hot and sweaty over a statement of fact!
My point I am trying to make is that as a country as a whole we should be borrowing less not more!
For a country with "one of the better economies in Europe" why have Wonga and the like flourished over the last few years?
Grandfondo said:
Are the majority of people leasing/PCP'ing because it's cheaper or is it the fact it gets them into cars they could not afford to own?
Grandfondo said:
do people really believe that because you can rent one for 36 months that you can actually afford to own one?
Grandfondo said:
Most people using the smoke and mirror method of car "ownership" don't have the f
king money!!!!!!!
king money!!!!!!!Grandfondo said:
That's why it's called Perpetual Car Prison!
Edited by daemon on Monday 24th November 16:50
Grandfondo said:
ho said PCP "is always wrong" ?
You did....Grandfondo said:
Are the majority of people leasing/PCP'ing because it's cheaper or is it the fact it gets them into cars they could not afford to own?
Grandfondo said:
do people really believe that because you can rent one for 36 months that you can actually afford to own one?
Grandfondo said:
Most people using the smoke and mirror method of car "ownership" don't have the fking money!!!!!!!
king money!!!!!!!Grandfondo said:
That's why it's called Perpetual Car Prison!
Grandfondo said:
daemon said:
Grandfondo said:
Time will tell.
But the argument that if we keep borrowing more and more they won't put interest rates up because another recession is not "realistic" is a very dangerous gamble to take!
3% base rate IMO is very "realistic" and to be honest it's on the low side!
Whos recommending borrowing more and more?But the argument that if we keep borrowing more and more they won't put interest rates up because another recession is not "realistic" is a very dangerous gamble to take!
3% base rate IMO is very "realistic" and to be honest it's on the low side!
So you are!
Hammers are used for some DIY tasks. Some people hurt themselves when doing DIY with hammers. Should hammers be banned?
OR can we assume the vast bulk of people using hammers know what they're doing?
daemon said:
Grandfondo said:
ho said PCP "is always wrong" ?
You did....Grandfondo said:
Are the majority of people leasing/PCP'ing because it's cheaper or is it the fact it gets them into cars they could not afford to own?
Grandfondo said:
do people really believe that because you can rent one for 36 months that you can actually afford to own one?
Grandfondo said:
Most people using the smoke and mirror method of car "ownership" don't have the fking money!!!!!!!
king money!!!!!!!Grandfondo said:
That's why it's called Perpetual Car Prison!
xRIEx said:
Grandfondo said:
Thank you xRIEx that's all I needed to hear!
"PCPs get some people into cars they can't afford to own" which is what got all the irate posters all hot and sweaty over a statement of fact!
My point I am trying to make is that as a country as a whole we should be borrowing less not more!
For a country with "one of the better economies in Europe" why have Wonga and the like flourished over the last few years?
Some hammers are used to murder people. Do you have a hammer? Yes or no."PCPs get some people into cars they can't afford to own" which is what got all the irate posters all hot and sweaty over a statement of fact!
My point I am trying to make is that as a country as a whole we should be borrowing less not more!
For a country with "one of the better economies in Europe" why have Wonga and the like flourished over the last few years?
Grandfondo said:
daemon said:
Grandfondo said:
ho said PCP "is always wrong" ?
You did....Grandfondo said:
Are the majority of people leasing/PCP'ing because it's cheaper or is it the fact it gets them into cars they could not afford to own?
Grandfondo said:
do people really believe that because you can rent one for 36 months that you can actually afford to own one?
Grandfondo said:
Most people using the smoke and mirror method of car "ownership" don't have the fking money!!!!!!!
king money!!!!!!!Grandfondo said:
That's why it's called Perpetual Car Prison!
daemon said:
I'm not promoting it. I'm saying its an option.
Hammers are used for some DIY tasks. Some people hurt themselves when doing DIY with hammers. Should hammers be banned?
OR can we assume the vast bulk of people using hammers know what they're doing?
Who is calling for PCPs to be banned?Hammers are used for some DIY tasks. Some people hurt themselves when doing DIY with hammers. Should hammers be banned?
OR can we assume the vast bulk of people using hammers know what they're doing?
daemon said:
Hammers are used for some DIY tasks. Some people hurt themselves when doing DIY with hammers. Should hammers be banned?
OR can we assume the vast bulk of people using hammers know what they're doing?
Logical fallacy. With any blunt instrument that can be misused the consequences of misuse are pretty plain to see. The PCP issue is more like aiming the hammer with no training, one eye shut and no safety goggles - a lot of the time things will be fine but a lot of the time it won't....OR can we assume the vast bulk of people using hammers know what they're doing?
I've said this before in other threads where this issue has been discussed - there are many of us old enough to have seen the transition from when fully financed car purchase was the norm to the 'never never' model that is prevalent today.
No new magic formula was developed to make modern finance work - it is just numbers and verbiage designed to obfuscate true costs. Some people are happy with it, many more don't take the time to understand it and openly revel in their ignorance of it.
What amazes me though is the lengths some people will go to justify what they know deep down isn't really in their best interests - protesting too much really does sum it up.
Edited by r11co on Monday 24th November 17:18
r11co said:
daemon said:
Hammers are used for some DIY tasks. Some people hurt themselves when doing DIY with hammers. Should hammers be banned?
OR can we assume the vast bulk of people using hammers know what they're doing?
Logical fallacy. With any blunt instrument that can be misused the consequences of misuse are pretty plain to see. The PCP issue is more like aiming the hammer with no training, one eye shut and no safety goggles - a lot of the time things will be fine but a lot of the time it won't....OR can we assume the vast bulk of people using hammers know what they're doing?
r11co said:
What amazes me though is the lengths some people will go to justify what they know deep down isn't really in their best interests - protesting too much really does sum it up.
I personally have never had a PCP arrangement, I am currently borrowing but have a liquidity ratio of over 3.1. Am I protesting too much, and what does that sum up?xRIEx said:
I personally have never had a PCP arrangement, I am currently borrowing but have a liquidity ratio of over 3.1. Am I protesting too much, and what does that sum up?
Bully for you. Shame there aren't more like you, which ultimately is my point.Rather strange that you are defending something you don't engage in though.....
MajorProblem said:
I can thrash it and not care about it,
No tax / mots and minimal servicing
It's gone in 3 years
I don't have to deal with the "wots your best price m8" brigade come end of term
But hey, good luck to the person that buys it outright for cash at the end of my term I hope it makes him/her feel like they've made it in life.
You can't not care about it at all - you damage it, you have to pay for it because the lease company want it back in good condition. If it was yours you could thrash it and crash it and dent it and do whatever you liked, though.No tax / mots and minimal servicing
It's gone in 3 years
I don't have to deal with the "wots your best price m8" brigade come end of term
But hey, good luck to the person that buys it outright for cash at the end of my term I hope it makes him/her feel like they've made it in life.
The benefits you list are mostly just the benefits of buying new cars not necessarily taking PCP's on them. Same with the 'best price brigade'. Nobody forces you to sell a car privately when you wish to replace it with a new car. There are numerous other options.
r11co said:
xRIEx said:
I personally have never had a PCP arrangement, I am currently borrowing but have a liquidity ratio of over 3.1. Am I protesting too much, and what does that sum up?
Bully for you. Shame there aren't more like you, which ultimately is my point.Rather strange that you are defending something you don't engage in though.....
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