Anyone into cars but not credit?
Discussion
twoblacklines said:
My main issue is that people like this friend say to me "You can't be doing very well in life owning that" points to 57 plate A3 tdi, which costs me very little to run, insure and tax, and is paid off in full... and then saying to me "If you did better you can get yourself one of these" - points to brand new S5 sportback...and proceeds to tell me all the virtues of personal leasing, that after the lease ends he just "hands it back" and its "cheaper than buying new".... and yeah a bit of me dies inside because if that is true then, great, but I was brought up that if you don't have it in the bank then you don't buy it that simple... and if I have £50k in my bank it is better to invest it than spend it on a depreciating asset anyway.
The point is you get judged on what car you drive by people who "own" a car that doesn't actually belong to them, it belongs to the finance company, its pretty ridiculous.
You need to be more selective on your choice of friends - there is no correlation between wealth and value of car or finance method.The point is you get judged on what car you drive by people who "own" a car that doesn't actually belong to them, it belongs to the finance company, its pretty ridiculous.
Why ? Because IT DEPENDS. Some lease deals are very poor. Some lease deals are very good. Same for cash.
Some seriously wealthy people drive battered old s
t boxes - some drive Aventadors.Trying to establish any link is the issue. There is none.
NickCQ said:
That's definitely the case on PH - posters seem to assume that everyone drives the most expensive car that they could possibly afford to buy!
Which is weird because depending on what you read you could also infer that PH posters assume that everyone drives the most expensive car they can't afford to buy 
twoblacklines said:
That accurately sums up my situation, yes.
Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
Don't take this the wrong way, but get over it.Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
It really doesn't matter what anyone else thinks about your car/status/spending habits (unless you read PH too much)
If someone said to me I 'wasn't doing well' because I drive a 14 year old car I'd laugh in their face
Do whatever you want, whatever makes you happy and tell anyone who has anything to say about it to FRO.
twoblacklines said:
My main issue is that people like this friend say to me "You can't be doing very well in life owning that" points to 57 plate A3 tdi, which costs me very little to run, insure and tax, and is paid off in full... and then saying to me "If you did better you can get yourself one of these" - points to brand new S5 sportback...and proceeds to tell me all the virtues of personal leasing, that after the lease ends he just "hands it back" and its "cheaper than buying new".... and yeah a bit of me dies inside because if that is true then, great, but I was brought up that if you don't have it in the bank then you don't buy it that simple... and if I have £50k in my bank it is better to invest it than spend it on a depreciating asset anyway.
The point is you get judged on what car you drive by people who "own" a car that doesn't actually belong to them, it belongs to the finance company, its pretty ridiculous.
Don't the bolded sentences contradict each other?The point is you get judged on what car you drive by people who "own" a car that doesn't actually belong to them, it belongs to the finance company, its pretty ridiculous.
I could have a decent chunk more in the bank if I'd PCP'd a car (the model I wanted being offered at 0% APR) rather than buying a second-hand model outright. Tbh I don't really care about depreciation - the only time I'm going to sell it is if I have enough money to make it a non-issue, or become desperate for cash. In the latter case I suspect I'd be far better off handing a leased car back.
Regardless, it just sounds like you friends are t
ts and would be whatever deals are offered. My comiserations, I mean that genuinely. One of my friends earns a lot more than me, and drives an IMO rather stty Insignia, but he's happy. Another earns the same and leases a DS3, and seems happy at the idea of handing it back.twoblacklines said:
My main issue is that people like this friend say to me "You can't be doing very well in life owning that" points to 57 plate A3 tdi, which costs me very little to run, insure and tax, and is paid off in full...
The only people who would ever say this are morons with whom I'd question the value of having as friends.What a bizarre outlook some people have.
paranoid airbag said:
Don't the bolded sentences contradict each other?
I could have a decent chunk more in the bank if I'd PCP'd a car (the model I wanted being offered at 0% APR) rather than buying a second-hand model outright. Tbh I don't really care about depreciation - the only time I'm going to sell it is if I have enough money to make it a non-issue, or become desperate for cash. In the latter case I suspect I'd be far better off handing a leased car back.
Regardless, it just sounds like you friends are tts and would be whatever deals are offered. My comiserations, I mean that genuinely. One of my friends earns a lot more than me, and drives an IMO rather stty Insignia, but he's happy. Another earns the same and leases a DS3, and seems happy at the idea of handing it back.
No.I could have a decent chunk more in the bank if I'd PCP'd a car (the model I wanted being offered at 0% APR) rather than buying a second-hand model outright. Tbh I don't really care about depreciation - the only time I'm going to sell it is if I have enough money to make it a non-issue, or become desperate for cash. In the latter case I suspect I'd be far better off handing a leased car back.
Regardless, it just sounds like you friends are t
ts and would be whatever deals are offered. My comiserations, I mean that genuinely. One of my friends earns a lot more than me, and drives an IMO rather stty Insignia, but he's happy. Another earns the same and leases a DS3, and seems happy at the idea of handing it back.People might sneer at me because I've got a slow rotting collection of leggy noughties cars (all of middling cop) but yet I sneer at them for being shallow and essentially vacuous souls whom spend their days worrying about payments rather than rust and exhausts falling off... And I'm sure that in turn attracts sneers and I reply with sneers of my own... It's sneers all round.
Sneers.
Sneers.
RSK21 said:
twoblacklines said:
My main issue is that people like this friend say to me "You can't be doing very well in life owning that" points to 57 plate A3 tdi, which costs me very little to run, insure and tax, and is paid off in full... and then saying to me "If you did better you can get yourself one of these" - points to brand new S5 sportback...and proceeds to tell me all the virtues of personal leasing, that after the lease ends he just "hands it back" and its "cheaper than buying new".... and yeah a bit of me dies inside because if that is true then, great, but I was brought up that if you don't have it in the bank then you don't buy it that simple... and if I have £50k in my bank it is better to invest it than spend it on a depreciating asset anyway.
The point is you get judged on what car you drive by people who "own" a car that doesn't actually belong to them, it belongs to the finance company, its pretty ridiculous.
That's a reflection of your friend's values and perspectives not the validity of asset based financing in the consumer automotive sector surely ?The point is you get judged on what car you drive by people who "own" a car that doesn't actually belong to them, it belongs to the finance company, its pretty ridiculous.
One I suppose enables the other but he'd still be inducing squirms if he'd paid for the car in cash by the sounds of it.
Edited by RSK21 on Sunday 23 October 13:52
There's up to a certain age in life where people judge themselves relative to their peers. Most people grow out of it. Some don't.
Personally anything I drive I do so because it impresses me, not because it might impress others. If it happens to f
k some people off then that's just an added bonus. 
FredClogs said:
People might sneer at me because I've got a slow rotting collection of leggy noughties cars (all of middling cop) but yet I sneer at them for being shallow and essentially vacuous souls whom spend their days worrying about payments rather than rust and exhausts falling off... And I'm sure that in turn attracts sneers and I reply with sneers of my own... It's sneers all round.
Sneers.
This.Sneers.
I simply do not understand it but PH at times seems to thrive on these two pathetically small minded points of view and these threads, despite the occasional outbreak of interesting debate, ultimately end up exacerbating things.
twoblacklines said:
NickCQ said:
I'm really not trying to refer to any specific posters here, but I get the sense that there are some people out there who feel that the vehicle pecking order is being upset by leasing. Time was where you could feel a little superior about having a £50k car because it indicated some level of financial success. Now anyone can get their hands on one, that feeling has gone away and the signalling value of the status symbol has declined.
That accurately sums up my situation, yes.Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
It does tend to be the people who don't - for whatever reason - have a car on finance who tend to drop in their preconceptions / snide comments about those who do.
The car I currently drive the most is our mg zt v6 bought for the princely sum of £750 so I've certainly no reason to be looking down on other people driving sheds.
NickCQ said:
twoblacklines said:
That accurately sums up my situation, yes.
Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
That's definitely the case on PH - posters seem to assume that everyone drives the most expensive car that they could possibly afford to buy!Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
Thought I could find a dozen of people going for the "can't really afford it" line of people who lease or finance
iphonedyou said:
stupidbutkeen said:
Granted I live in Belfast but the only thing cheaper here is the property, everything else you need day to day is more expensive for the most part.
This is not true.Definitely not true.
I live in NI but commute to manchester to work. Things are rarely more expensive in Belfast.
RSK21 said:
FredClogs said:
People might sneer at me because I've got a slow rotting collection of leggy noughties cars (all of middling cop) but yet I sneer at them for being shallow and essentially vacuous souls whom spend their days worrying about payments rather than rust and exhausts falling off... And I'm sure that in turn attracts sneers and I reply with sneers of my own... It's sneers all round.
Sneers.
This.Sneers.
I simply do not understand it but PH at times seems to thrive on these two pathetically small minded points of view and these threads, despite the occasional outbreak of interesting debate, ultimately end up exacerbating things.
I've no beef with people driving older cars. One of ours is 12 years old, another is 15.
However the friction normally starts when people who have a car on finance or lease are described as stupid or - as just posted ' being vacuous human beings who spend their time worrying about how they are going to afford the next payment...
twoblacklines said:
That accurately sums up my situation, yes.
Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
Though anyone who sneers at me for driving a "shed" isn't really a person I want to be involved with in the first place. In an era of cheap money, it's pretty hard to be impressed with assets, whether owned or leased.Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
One observation though - this country does spend a metric f***tonne of money on cars. Next time you're in another country, have a look at what they drive. France - loads of bottom of the range tat on steel wheels, Spain, the same, but it is old tat as well. Sweden, similar, but more Volvos. I've only been to Germany once in the last year, but other than the taxis, most of the cars were very ordinary and pretty old.
You come back to the UK and every damn car is optioned to the hilt, the ratio of new to old is on the new side, and the number of "cooking" models is much lower. Doesn't really matter whether you lease or buy, this country has got used to hurling money at new metal, and saturating the second hand market with the cast offs. I remember a few years ago a Spanish mate bought himself a new car. He owns a restaurant, his own house etc, so doing well. We troop outside to see what he has got, and are confronted by a tidy, but 10 year old 528 on steels. He's as pleased as punch with what he had got, and so were his mates. 3 years later, its still tidy, he's still got it, and it is still "Mig's flash car". These guys are probably more financially stable than many in the U.K., but the idea of leasing / buying a new version would completely blow them away.
daemon said:
Where?
I've no beef with people driving older cars. One of ours is 12 years old, another is 15.
However the friction normally starts when people who have a car on finance or lease are described as stupid or - as just posted ' being vacuous human beings who spend their time worrying about how they are going to afford the next payment...
I've no beef with people driving older cars. One of ours is 12 years old, another is 15.
However the friction normally starts when people who have a car on finance or lease are described as stupid or - as just posted ' being vacuous human beings who spend their time worrying about how they are going to afford the next payment...
I'm not for a minute suggesting you have sir.
I am though quite confident that I have seen both points of view exhibited over time. I think both are stupid.
I joined PH because I thought it was a place to celebrate cars of all shapes and sizes not pass judgement ion people's lifestyles. It pees me off that I get dragged in to threads like this and lower myself to dealing with certain of the folk who prefer the latter to the former and show almost zero interest in discussing cars or attending meets etc
RSK21 said:
daemon said:
Where?
I've no beef with people driving older cars. One of ours is 12 years old, another is 15.
However the friction normally starts when people who have a car on finance or lease are described as stupid or - as just posted ' being vacuous human beings who spend their time worrying about how they are going to afford the next payment...
I've no beef with people driving older cars. One of ours is 12 years old, another is 15.
However the friction normally starts when people who have a car on finance or lease are described as stupid or - as just posted ' being vacuous human beings who spend their time worrying about how they are going to afford the next payment...
I'm not for a minute suggesting you have sir.
I am though quite confident that I have seen both points of view exhibited over time. I think both are stupid.
I joined PH because I thought it was a place to celebrate cars of all shapes and sizes not pass judgement ion people's lifestyles. It pees me off that I get dragged in to threads like this and lower myself to dealing with certain of the folk who prefer the latter to the former and show almost zero interest in discussing cars or attending meets etc
Totally agree btw.
daemon said:
NickCQ said:
twoblacklines said:
That accurately sums up my situation, yes.
Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
That's definitely the case on PH - posters seem to assume that everyone drives the most expensive car that they could possibly afford to buy!Though more on the flipside that people who own "sheds" are being sneered at by people who think they are big because they can "own" a status symbol that they can't afford to go out and buy.
Thought I could find a dozen of people going for the "can't really afford it" line of people who lease or finance
Having initially not giving a st about what other people drive and how they may have chosen to fund it, after reading this thread I've changed my mind.
I am now fking outraged that people drive cars that they clearly can not afford, as they are obviously inferior in some way.
I am also beside myself that people drive older cars that are not financed in some way, the plebs.
Also people who buy a new car with savings are cash boil my piss as should have invested the cash, and they should either drive an older car or lease, which makes me angry.
t about what other people drive and how they may have chosen to fund it, after reading this thread I've changed my mind.I am now f
king outraged that people drive cars that they clearly can not afford, as they are obviously inferior in some way.I am also beside myself that people drive older cars that are not financed in some way, the plebs.
Also people who buy a new car with savings are cash boil my piss as should have invested the cash, and they should either drive an older car or lease, which makes me angry.
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