Anyone into cars but not credit?

[Zod]

wormus said:

SWoll said:

If you have a look at the average Uk salary, average mortgage payment and then factor in additional bills for CT, childcare etc then £3-400 a month is a very significant sum to many people. Then take in the natural PH demographic into account and I'd suggest it becomes even more significant.

I too would be interested to learn what the natural PH demographic looks like. For many of us, £3-400/month wouldn't be enough to maintain a decent cellar.

That's a modest week's worth.

[Devil2575]

SWoll said:

Average household income is still < £50k a year before tax, so maybe an income of £3k a month after tax? You can easily lose half of that with an average mortgage, council tax and various utility and other bills. Then add living costs for a family of 4, childcare etc. and I'd be surprised if much more than £500 a month is left? Spending the vast majority of that on a car is a significant outgoing I would have thought. I know that when I was on that kind of salary and my wife was at home looking after the kids for a few years when they were younger that was the case anyway.

When I say the PH demographic I'm suggesting that it will be swayed more towards the lower to average range of income purely due to the type of topics discussed and range of views I've seen over the years. That's not in any way meant in a derogatory fashion, just based on the observations of someone who has been a member for many years. I could well be wrong of course.

Is the average mortgage and bills really £1500 a month?

I'd be supprised if anyone who is in the situation you describe above pays out £300-400 a month for a car.

Also don't forget that averages may not represent people's actual circumstances.

[Jim AK]

Some do the lease/pcp thing as they feel it makes them look good to their peers & other randoms who form a view of that person in their S3, Golf R or whatever.

I get positive comments about my 'Lovely Jaguar' (95 Sovereign) but nobody says a word about my new E class!!

[NickCQ]

wormus said:

I too would be interested to learn what the natural PH demographic looks like. For many of us, £3-400/month wouldn't be enough to maintain a decent cellar.

[NickCQ]

DonkeyApple said:

The media generally references that to match minimum wage you need a pot greater than £250k.

Maybe this is out of date but I've always heard people talking about a 4% drawdown p.a. rule of thumb. Assuming retiring at a normal age (> 60), then that's about the figure that allows you to spend principal and any interest received over your life expectancy with a margin of safety. So £250k would give you £10k p.a., which I suppose is about minimum wage when you add in state pension and adjust for taxes.

But if you don't want to touch the principal and live on the interest (as adjusted for inflation), you;d need considerably more.

[750turbo]

Audemars - Some advice... Go away and troll elsewhere.

walm said:

Reported.





(For being a gargantuan douche.)

Rawwr said:

Audemars said:

renumeration

berlintaxi said:

Your posts get more ridiculous, an orang-utan bashing the keyboard with a hammer would make more sense.

pti said:

swerni said:

Please make the idiot go away.
He isn't even amusing

[Devil2575]

Donkeyapple said:

I think that the very issue we have is that so few are thinking of their future and have chosen to live a lifestyle that historically is only viable to gay men and women with big tits. If you've got no income when you retire then without a cute arse or big knockers who is going to pay your bills?

I'm a massive believer in us being free to live how we wish to live but this shouldn't negate personal responsibilities, especially as a man both today and tomorrow and all the data points to us collectively sitting on the wrong side of the scales at present.

I think that people are living a lifestyle based on spending everything they earn like you could if you had a final salary pension. The problem is that many have either got no pension or a crap one and are either oblivious or of the view that it's so far in the future that they don't need to worry about it now.

What's being a man got to do with ut?

We are sitting on a pension timebomb it would appear.

[gizlaroc]

I do think that people think it is OK to spend what they should be saving because.....well everyone around them is.

[kambites]

gizlaroc said:

I do think that people think it is OK to spend what they should be saving because.....well everyone around them is.

Lack of savings is certainly a problem, but whilst car finanace may be a symptom of the same issue that's causing it, it is not in itself the cause.

[Fox-]

gizlaroc said:

I do think that people think it is OK to spend what they should be saving because.....well everyone around them is.

And it doesn't help that there has been a constant assault on those who save for years now in the interests of encouraging more people to borrow. Thanks Bank of England.

[TonyG2003]

I've never bought a new car before and usually bought 1-2 yr old cars without credit / lease / pcp etc. However this has been an exceptional yr for me and I bought a 991.2 C2S (car I always wanted) and bought it outright. I might have saved some on finance / pcp but I just like owning it outright. However I can appreciate this isn't a normal buying experience.

[CS Garth]

kambites said:

Lack of savings is certainly a problem, but whilst car finanace may be a symptom of the same issue that's causing it, it is not in itself the cause.

Quite. The cause is a broad sense of entitlement and lack of self control in the face of an onslaught of advertising. Most things ar are achievable with time, patience and self sacrifice

[SWoll]

Devil2575 said:

SWoll said:

Average household income is still < £50k a year before tax, so maybe an income of £3k a month after tax? You can easily lose half of that with an average mortgage, council tax and various utility and other bills. Then add living costs for a family of 4, childcare etc. and I'd be surprised if much more than £500 a month is left? Spending the vast majority of that on a car is a significant outgoing I would have thought. I know that when I was on that kind of salary and my wife was at home looking after the kids for a few years when they were younger that was the case anyway.

When I say the PH demographic I'm suggesting that it will be swayed more towards the lower to average range of income purely due to the type of topics discussed and range of views I've seen over the years. That's not in any way meant in a derogatory fashion, just based on the observations of someone who has been a member for many years. I could well be wrong of course.

Is the average mortgage and bills really £1500 a month?

I'd be supprised if anyone who is in the situation you describe above pays out £300-400 a month for a car.

Also don't forget that averages may not represent people's actual circumstances.

Based on a quick google and average figures given. Obviously averages don't accurately represent everyone's circumstances, that's the point.

£1500 for mortgage, CT, gas/elec/water, phone and BB, TV, home and car insurance etc. doesn't seem that high to me.

My point was that in those circumstances it's highly unlikely they are paying £3-400 a month for a car, therefore not easily attainable as the other poster suggested for the majority of people.

[Audemars]

SWoll said:

When I say the PH demographic I'm suggesting that it will be swayed more towards the lower to average range of income purely due to the type of topics discussed and range of views I've seen over the years. That's not in any way meant in a derogatory fashion, just based on the observations of someone who has been a member for many years. I could well be wrong of course.

That is very obvious. I come here mainly for the classifieds. I would be too embarrassed if people around me knew I actually waste my time trying to educate the type on here.

[Devil2575]

SWoll said:

My point was that in those circumstances it's highly unlikely they are paying £3-400 a month for a car, therefore not easily attainable as the other poster suggested for the majority of people.

I agree.

[Audemars]

CS Garth said:

Quite. The cause is a broad sense of entitlement and lack of self control in the face of an onslaught of advertising. Most things ar are achievable with time, patience and self sacrifice

Yes, its the "I work hard for my money so should be able to spend it all on what I want" brigade. Except most people who work in this country do not know what hard work is.

[Devil2575]

Audemars said:

CS Garth said:

Quite. The cause is a broad sense of entitlement and lack of self control in the face of an onslaught of advertising. Most things ar are achievable with time, patience and self sacrifice

Yes, its the "I work hard for my money so should be able to spend it all on what I want" brigade. Except most people who work in this country do not know what hard work is.

I think there is an awful lot of negative assumptions going on here. As for the last sentiment, speak for yourself.

[freshkid]

I've always bought all my cars with cash, and I never buy new. I love getting a bargain. I could buy a £1k car tomorrow and get as much enjoyment from the deal as from buying a £100k car.

[anonymous-user]

Audemars said:

Yes, its the "I work hard for my money so should be able to spend it all on what I want" brigade. Except most people who work in this country do not know what hard work is.

What's your line of work ?

[Devil2575]

RSK21 said:

Audemars said:

Yes, its the "I work hard for my money so should be able to spend it all on what I want" brigade. Except most people who work in this country do not know what hard work is.

What's your line of work ?

Professional bellend by the sounds of it.