What % of NET monthly salary do you spend on your car
Discussion
battered said:
Wjo's buying s
t they can't afford? My folks have pensions investments enough to cash in and buy any car. They are choosing not to. They are leasing, because it's known cost, no worries about tradein, and they keep the money in the funds. Are they right? I personally doubt it because of low savings yields but it's their money, they aren't in debt. They have 2 pensions coming in, they can fund it easily from the 2 pension incomes.
As to who borows the money, BMW do as a corporate loan. You can drop the "mutterland" dogwhistle nonsense because BMW are part of the global economy, like everyone else they are shareholder owned and the hsares are owned by pensions providers, corporate investors, who knows what. I doubt anyone knows the real ownership profile of BMW shares, and where they are. One thing I do know - I'd bet that some of my parent's pension income comes from pension provider companies that have shares in BMW.
That's a pretty thorough in depth analysis from Mr John Maynard Keynes Jr II himself. Thanks for the laugh. t they can't afford? My folks have pensions investments enough to cash in and buy any car. They are choosing not to. They are leasing, because it's known cost, no worries about tradein, and they keep the money in the funds. Are they right? I personally doubt it because of low savings yields but it's their money, they aren't in debt. They have 2 pensions coming in, they can fund it easily from the 2 pension incomes.As to who borows the money, BMW do as a corporate loan. You can drop the "mutterland" dogwhistle nonsense because BMW are part of the global economy, like everyone else they are shareholder owned and the hsares are owned by pensions providers, corporate investors, who knows what. I doubt anyone knows the real ownership profile of BMW shares, and where they are. One thing I do know - I'd bet that some of my parent's pension income comes from pension provider companies that have shares in BMW.
What about the story of the chap who begged, borrowed and stole to buy his Maclaren F1 even using his house as collateral for the finance company? Paid £600k back in the '90s. Now has an £8m car? Was he mad? I really don't get the OP's angle other than trying to willy wave at the wrong crowd. There are far wealthier people on here than £100k year salaries, who own their multimillion pound property portfolios outfight and their car collections for cash. The award for the most pointless and arrogant topic goes to Audemars and his daydream, Lotus loving lifestyle. Mods please close this ridiculous thread!
Edited by gilbo on Thursday 5th May 12:35
I wonder if a large proportion of those who bash leasing are jealous because they couldn't afford the monthly repayments on a nice car?
Anyone who purchases a £40k+ car on a lease is paying a considerable monthly figure and therefore a) need a good credit history to secure the finance and b) need to be paid a good well to afford the repayments.
Anyone who purchases a £40k+ car on a lease is paying a considerable monthly figure and therefore a) need a good credit history to secure the finance and b) need to be paid a good well to afford the repayments.
Prof Prolapse said:
The issue is obvious. Some people are jealous of the bricklayer over the road in the new Mercedes.
They are smart enough to know it's borrowed, but that doesn't stop them being jealous so they have to take it further and say it's not a financially viable thing to do, making them better than him in their eyes.
He's bad with money, irresponsible, has the wrong priorities, and will even be responsible for next collapse of the economy.
Poor bd probably works hard for the repayments, and just wants a nice car.
I think that sums it up perfectly.They are smart enough to know it's borrowed, but that doesn't stop them being jealous so they have to take it further and say it's not a financially viable thing to do, making them better than him in their eyes.
He's bad with money, irresponsible, has the wrong priorities, and will even be responsible for next collapse of the economy.
Poor b
d probably works hard for the repayments, and just wants a nice car.After all these silly poor people cant be trusted with money...
MrBarry123 said:
Anyone who purchases a £40k+ car on a lease is paying a considerable monthly figure and therefore a) need a good credit history to secure the finance and b) need to be paid a good well to afford the repayments.
And (c) would end up driving something broadly similar if they were in the habit of saving up for cars.hora said:
Zero. It owes me zero.
In Manchester there are ALOT of lease Mercs driven around by young drivers in sunglasses.
What's the point? Impress strangers? I spoke to one in a Porsche Cayenne and he admitted he paid £650 a month leasing it!
He gets more fanny then you.In Manchester there are ALOT of lease Mercs driven around by young drivers in sunglasses.
What's the point? Impress strangers? I spoke to one in a Porsche Cayenne and he admitted he paid £650 a month leasing it!
That's what it's about.
- Luke Freeman, 2016, in a leased Zoe
k-ink said:
I love the fact so many people buy premium cars on financed lease deals without a care in the world to the actual cost. It means there is an endless supply of decent used cars which have already taken a massive depreciation hit. The more people who sign their life away the better. I rather enjoyed the fact I got to drive the same Mercedes as the original buyer at a fraction of the cost. Instead of losing £66,000 on depreciation I lost zero pounds for a year of running about (fuel & consumables excluded). Not a bad deal. So please, keep up with the ever changing number plate rat race and rental payments 
Sign their life away? Number plate rat race?Jesus Christ.
lukefreeman said:
hora said:
Zero. It owes me zero.
In Manchester there are ALOT of lease Mercs driven around by young drivers in sunglasses.
What's the point? Impress strangers? I spoke to one in a Porsche Cayenne and he admitted he paid £650 a month leasing it!
He gets more fanny then you.In Manchester there are ALOT of lease Mercs driven around by young drivers in sunglasses.
What's the point? Impress strangers? I spoke to one in a Porsche Cayenne and he admitted he paid £650 a month leasing it!
That's what it's about.
- Luke Freeman, 2016, in a leased Zoe
Artey said:
battered said:
Wjo's buying st they can't afford? My folks have pensions investments enough to cash in and buy any car. They are choosing not to. They are leasing, because it's known cost, no worries about tradein, and they keep the money in the funds. Are they right? I personally doubt it because of low savings yields but it's their money, they aren't in debt. They have 2 pensions coming in, they can fund it easily from the 2 pension incomes.
As to who borows the money, BMW do as a corporate loan. You can drop the "mutterland" dogwhistle nonsense because BMW are part of the global economy, like everyone else they are shareholder owned and the hsares are owned by pensions providers, corporate investors, who knows what. I doubt anyone knows the real ownership profile of BMW shares, and where they are. One thing I do know - I'd bet that some of my parent's pension income comes from pension provider companies that have shares in BMW.
That's a pretty thorough in depth analysis from Mr John Maynard Keynes Jr II himself. Thanks for the laugh. t they can't afford? My folks have pensions investments enough to cash in and buy any car. They are choosing not to. They are leasing, because it's known cost, no worries about tradein, and they keep the money in the funds. Are they right? I personally doubt it because of low savings yields but it's their money, they aren't in debt. They have 2 pensions coming in, they can fund it easily from the 2 pension incomes.As to who borows the money, BMW do as a corporate loan. You can drop the "mutterland" dogwhistle nonsense because BMW are part of the global economy, like everyone else they are shareholder owned and the hsares are owned by pensions providers, corporate investors, who knows what. I doubt anyone knows the real ownership profile of BMW shares, and where they are. One thing I do know - I'd bet that some of my parent's pension income comes from pension provider companies that have shares in BMW.
Perhaps you should write to BMW and tell them to stop borrowing money? After all, no other manufacturing organisation has ever done that in order to further their business.
MrBarry123 said:
I wonder if a large proportion of those who bash leasing are jealous because they couldn't afford the monthly repayments on a nice car?
Anyone who purchases a £40k+ car on a lease is paying a considerable monthly figure and therefore a) need a good credit history to secure the finance and b) need to be paid a good well to afford the repayments.
+1Anyone who purchases a £40k+ car on a lease is paying a considerable monthly figure and therefore a) need a good credit history to secure the finance and b) need to be paid a good well to afford the repayments.
I dont get the nay-saying. The new car market has "evolved" to the point where to make their self imposed targets of market share, manufacturers have had to introduce PCP deals, then subsidised PCP deals and now personal leasing to make the numbers and to make a new car "purchase" palatable to the masses.
That in turn brings in a second wave of quality used cars @ 2-3 years old which have to be cheap because of the sheer volume.
Theres bargain pickings for everyone - cheap leases / new if thats your bag and well priced second hand stock if you dont.
I've just bought a 2007 Clio 197 with 54K miles, FSH and a years MOT for £3,500. My BIL has just PCP'd a brand new Fiesta ST-3. From my perspective i've a car bought for cash, is a hoot to drive, but might throw up the occassional maintenance bill. From his perspective he has the latest model and probably paying £200 a month and no maintenance or MOT worries.
He gets positives from his ownership proposition, i get positives from mine.
Hes happy. I'm happy. I dont sneer at him and think "ha! he doesnt really own it" or think hes a mug or foolish. I just dont "get" the mindset that does that. Whats the problem?
otolith said:
daemon said:
Whats the problem?
Belief in the use of cars as status symbols, and resentment that someone is perceived as expressing a status they don't "deserve".Artey said:
battered said:
Wjo's buying st they can't afford? My folks have pensions investments enough to cash in and buy any car. They are choosing not to. They are leasing, because it's known cost, no worries about tradein, and they keep the money in the funds. Are they right? I personally doubt it because of low savings yields but it's their money, they aren't in debt. They have 2 pensions coming in, they can fund it easily from the 2 pension incomes.
As to who borows the money, BMW do as a corporate loan. You can drop the "mutterland" dogwhistle nonsense because BMW are part of the global economy, like everyone else they are shareholder owned and the hsares are owned by pensions providers, corporate investors, who knows what. I doubt anyone knows the real ownership profile of BMW shares, and where they are. One thing I do know - I'd bet that some of my parent's pension income comes from pension provider companies that have shares in BMW.
That's a pretty thorough in depth analysis from Mr John Maynard Keynes Jr II himself. Thanks for the laugh. t they can't afford? My folks have pensions investments enough to cash in and buy any car. They are choosing not to. They are leasing, because it's known cost, no worries about tradein, and they keep the money in the funds. Are they right? I personally doubt it because of low savings yields but it's their money, they aren't in debt. They have 2 pensions coming in, they can fund it easily from the 2 pension incomes.As to who borows the money, BMW do as a corporate loan. You can drop the "mutterland" dogwhistle nonsense because BMW are part of the global economy, like everyone else they are shareholder owned and the hsares are owned by pensions providers, corporate investors, who knows what. I doubt anyone knows the real ownership profile of BMW shares, and where they are. One thing I do know - I'd bet that some of my parent's pension income comes from pension provider companies that have shares in BMW.
Keynes--------------battered----------------------------------/several light years/-----------------------Artey
p1stonhead said:
100%. I cant believe its gone for this many pages. Some people dont like that 'peasants' are driving nice cars through leasing. Others dont care what people do. Done.
For what it's worth, and utterly without exception, I've found those preoccupied with the perceived status of others - or financial decisions generally, in fact - to be the most unhappy people I've ever met.Without exception. This thread has only reinforced that, thus far.
battered said:
Laugh all you like, I haven't seen your indepth analysis that shows that my parents choosing to lease a car out of their pension is going to throw them into penury or throw the economy into a tailspin. They should have kept the money in a shoebox after all.
Perhaps you should write to BMW and tell them to stop borrowing money? After all, no other manufacturing organisation has ever done that in order to further their business.
a) in the grand scheme of things your parents are an exception and should be applauded for being prudent and having savingsPerhaps you should write to BMW and tell them to stop borrowing money? After all, no other manufacturing organisation has ever done that in order to further their business.
b) you selectively read my first post and chose what was needed to come back waving your willy showing off how well off your parents are - which again is a genuinely great thing
c) the issue is not that everyone is like your parents, quite otherwise and this is what my post was about. You might want to reread it and perhaps understand that what I'm saying is that if everyone was like your parents leasing, borrowing, debt wouldn't be an issue. What's happening now is opposite to that. On a scale that is going to f
k everyone over including people like your parents.Ah and the global economy. LOLOLO genuine lol. I'd suggest starting from basics like balance of trade, trade surplus and trade deficit. Start from comparing Germany with UK. I mean those are the basics which you should have covered before voicing your global is great bulls
t, come the fk on.Edited by Artey on Thursday 5th May 12:54
Artey said:
a) in the grand scheme of things your parents are an exception and should be applauded for being prudent and having savings
b) you selectively read my first post and chose what was needed to come back waving your willy showing off how well off your parents are - which again is a genuinely great thing
c) the issue is not that everyone is like your parents, quite otherwise and this is what my post was about. You might want to reread it and perhaps understand that what I'm saying is that if everyone was like your parents leasing, borrowing, debt wouldn't be an issue. What's happening now is opposite to that. On a scale that is going to fk everyone over including people like your parents.
Ah and the global economy. LOLOLO genuine lol. I'd suggest starting from basics like balance of trade, trade surplus and trade deficit. Start from comparing Germany with UK. I mean those are the basics which you should have covered before voicing your global is great bullst, come the fk on.
What are the statistics you're basing the assertion that most people are quite the opposite of Battered's parents on?b) you selectively read my first post and chose what was needed to come back waving your willy showing off how well off your parents are - which again is a genuinely great thing
c) the issue is not that everyone is like your parents, quite otherwise and this is what my post was about. You might want to reread it and perhaps understand that what I'm saying is that if everyone was like your parents leasing, borrowing, debt wouldn't be an issue. What's happening now is opposite to that. On a scale that is going to f
k everyone over including people like your parents.Ah and the global economy. LOLOLO genuine lol. I'd suggest starting from basics like balance of trade, trade surplus and trade deficit. Start from comparing Germany with UK. I mean those are the basics which you should have covered before voicing your global is great bulls
t, come the fk on.Edited by Artey on Thursday 5th May 12:54
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