Anyone into cars but not credit?
Discussion
SWoll said:
Granfondo said:
And vice versa.
? They have habit of not stacking up for M/RS/AMG cars as they are an easy profit for the lease companies due to the target audience and high list price, but as that is a tiny percentage of sales I fail to see your point.
Driver101 said:
SWoll said:
Be interested in seeing where those £27,500 new M240i's are available from? Best I've seen on discount sites is around £32k, so < 10% saving on list.
Option adding is subjective as they come ver well spec'd as standard, but ewill also add to the list price of the bought outright car whilst having minimal affect on used prices so doesn't skew the numbers very much TBH.
First place I looked. Just a little out.Option adding is subjective as they come ver well spec'd as standard, but ewill also add to the list price of the bought outright car whilst having minimal affect on used prices so doesn't skew the numbers very much TBH.
http://www.coast2coastcars.co.uk/car-quote/
There's a guy on the BMW forums who gets all the best deals. TRL is his name.
I'll get his details if you want?
The link doesn't appear to be working. Coast2coast want £28,370.
Granfondo said:
SWoll said:
Granfondo said:
And vice versa.
? They have habit of not stacking up for M/RS/AMG cars as they are an easy profit for the lease companies due to the target audience and high list price, but as that is a tiny percentage of sales I fail to see your point.
SWoll said:
Driver101 said:
SWoll said:
Be interested in seeing where those £27,500 new M240i's are available from? Best I've seen on discount sites is around £32k, so < 10% saving on list.
Option adding is subjective as they come ver well spec'd as standard, but ewill also add to the list price of the bought outright car whilst having minimal affect on used prices so doesn't skew the numbers very much TBH.
First place I looked. Just a little out.Option adding is subjective as they come ver well spec'd as standard, but ewill also add to the list price of the bought outright car whilst having minimal affect on used prices so doesn't skew the numbers very much TBH.
http://www.coast2coastcars.co.uk/car-quote/
There's a guy on the BMW forums who gets all the best deals. TRL is his name.
I'll get his details if you want?
The link doesn't appear to be working. Coast2coast want £28,370.
Most of the main discount sites are similar normally. I can only assume the M240i is too new for an accurate quote.
You're always going to have issues with options. It does have a bigger impact selling it privately than it does handing it back at the end of a lease.
At £419 per month, ignoring the big deposit, the monthly payment is still around 25% of take home pay of the average salary. It's also a car worth more than the annual average salary.
Should people have cars worth more than their salary?
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.food the last time I checked was also more expensive. something to do with the extra costs of getting the product across the water and into a smaller market.
I would be happy to be proved wrong but I have just got in from work and need to goto bed now to head to galway area for a few days tomorrow.
Rick1.8t said:
You are just repeating your previous garbage about handing back cars, you cant hand a lease car back without penalty and you are yet again making the assumption that somebody handing back a PCP car early could afford to buy a cheap used car, you are not on this planet, are you? - Some can only just afford monthly payments and cant raise used car money.
I specifically said AT THE END OF THE TERM. And there's that assumption again that people who have a pcp deal have no other money avail at and - bless their little cotton socks - couldn't even afford a cheap used car.
Rick1.8t said:
The £300 top spec car figure is something you have assumed, and you are still missing the fact that if you lose your job, have to take a pay-cut, or your interest rates rise making your mortgage / life that bit more expensive you wont have £300PM to spend on anything.
And yet more assumptions. People who have a pcp deal are going to lose their jobs and won't be able to get another job and be destitute.Rick1.8t said:
Why are you arguing common sense, that some people are more stupid than others and that in the event of financial change they could be put in difficulty, or is the air too thin up on that throne of yours?
Ah yes, yet another assumption - all people who have pcp deals are really stupid. Bless them. My 19 year old niece has a brand new Renault hatchback of some description and pays about £180 per month. When I was 19 I drove a MK3 Cortina that cost £375 I think? I don't think I knew anyone of my age that could afford a 3 year old car, let alone a new one. Is it just too easy to get credit nowadays or is it down to a sense of entitlement that many appear to display?
okgo said:
Well you don't even need to go that far - avg salary is 30k or so, 17m haven't got a pot to piss in, yet some of the most popular cars on the roads are fairly expensive German models. But of course there is NO crossover LOL!
More assumptions - there are a lot of German cars on our roads, therefore they must all be leased, and they must all be leased by people with no savings and no hope.okgo said:
People are of course free to do what they want but the state of the publics finances (if that article is correct)really does show just how stupid our population is. If we needed any more proof that is.
And again - some people are stupid with money, some people lease, therefore people who lease are stupid with money.e21Mark said:
My 19 year old niece has a brand new Renault hatchback of some description and pays about £180 per month. When I was 19 I drove a MK3 Cortina that cost £375 I think? I don't think I knew anyone of my age that could afford a 3 year old car, let alone a new one. Is it just too easy to get credit nowadays or is it down to a sense of entitlement that many appear to display?
You've only given headline detailsNo idea if that's a lease or pcp, what the terms are, who funds it, if she's employed, what she earns etc
Out with all that £45 a week to put one's daughter in a safe, warrantied new car doesn't seem bad to me.
As for too easy - it's not about ease it's about that's today's business model for shifting metal
Sense of entitlement? 1 - millennials just see the world differently 2 - she's your family so you're best placed to judge I imagine
RSK21 said:
e21Mark said:
My 19 year old niece has a brand new Renault hatchback of some description and pays about £180 per month. When I was 19 I drove a MK3 Cortina that cost £375 I think? I don't think I knew anyone of my age that could afford a 3 year old car, let alone a new one. Is it just too easy to get credit nowadays or is it down to a sense of entitlement that many appear to display?
You've only given headline detailsNo idea if that's a lease or pcp, what the terms are, who funds it, if she's employed, what she earns etc
Out with all that £45 a week to put one's daughter in a safe, warrantied new car doesn't seem bad to me.
As for too easy - it's not about ease it's about that's today's business model for shifting metal
Sense of entitlement? 1 - millennials just see the world differently 2 - she's your family so you're best placed to judge I imagine
My niece got a brand new corsa cdti when she was 19 on some sort of finance deal, however the car enabled her to commute 35 miles each way to work to a job she wouldn't otherwise have considered, safely and reliably. She's now had two promotions and is doing quite well for herself.
Would it be better if she'd some old banger and attempting that commute or had just stuck to child minding on a few £ per hour?
daemon said:
Ah yes, yet another assumption - all people who have pcp deals are really stupid. Bless them.
So, when I say some people, or some of society you argue back jumping to your extremes again with ''all the people''.You are clearly a person incapable of agreeing with anything other than your own viewpoint and will happily take your own meaning from anything written.
The only point i was making is that some (yes thats some Daemon, you difficult turd) people with credit have entered into the situation with a lack of full understanding of what they are doing and the potential impact on their lives.
Daemon, you need a brain colonic.
charltjr said:
30. Pages.
Oh, 31.......
Someone has created a monster. Oh, 31.......
I took out a PCP deal on a car that I can't afford on Saturday. Got a great monthly rate, £666 for annual mileage of 5k. Car in question is a white Tdi Audi.
I've had to sell a kidney to finance it (Chinese Ebay). However, as you are only here once, I don't see the point in worrying about functioning on one kidney. I only drink a bottle of Vodka a day.
I've also sold my left leg (Chinese Gumtree) to buy a black boggo spec 1 series diesel. Thought that as it's an auto, I don't need the left leg. I own this outright and don't care about the depreciation. Only issue I have found so far is that the chap who bought my left leg is a lot shorter than me. He is currently limping around in a circle. Think he has some buyer's remorse. Caveat emptor I say!
I'll report back on how my PCP and buying outright situations go.
Oh yes, bought a shed too. A manual Nissan Micro (fun driving that with one leg). I need that because I do 30k miles a year and I don't want to put any mileage on my white and black cars.
funkyrobot said:
Someone has created a monster.
I took out a PCP deal on a car that I can't afford on Saturday. Got a great monthly rate, £666 for annual mileage of 5k. Car in question is a white Tdi Audi.
I've had to sell a kidney to finance it (Chinese Ebay). However, as you are only here once, I don't see the point in worrying about functioning on one kidney. I only drink a bottle of Vodka a day.
I've also sold my left leg (Chinese Gumtree) to buy a black boggo spec 1 series diesel. Thought that as it's an auto, I don't need the left leg. I own this outright and don't care about the depreciation. Only issue I have found so far is that the chap who bought my left leg is a lot shorter than me. He is currently limping around in a circle. Think he has some buyer's remorse. Caveat emptor I say!
I'll report back on how my PCP and buying outright situations go.
Oh yes, bought a shed too. A manual Nissan Micro (fun driving that with one leg). I need that because I do 30k miles a year and I don't want to put any mileage on my white and black cars.
Very good I took out a PCP deal on a car that I can't afford on Saturday. Got a great monthly rate, £666 for annual mileage of 5k. Car in question is a white Tdi Audi.
I've had to sell a kidney to finance it (Chinese Ebay). However, as you are only here once, I don't see the point in worrying about functioning on one kidney. I only drink a bottle of Vodka a day.
I've also sold my left leg (Chinese Gumtree) to buy a black boggo spec 1 series diesel. Thought that as it's an auto, I don't need the left leg. I own this outright and don't care about the depreciation. Only issue I have found so far is that the chap who bought my left leg is a lot shorter than me. He is currently limping around in a circle. Think he has some buyer's remorse. Caveat emptor I say!
I'll report back on how my PCP and buying outright situations go.
Oh yes, bought a shed too. A manual Nissan Micro (fun driving that with one leg). I need that because I do 30k miles a year and I don't want to put any mileage on my white and black cars.
RSK21 said:
e21Mark said:
My 19 year old niece has a brand new Renault hatchback of some description and pays about £180 per month. When I was 19 I drove a MK3 Cortina that cost £375 I think? I don't think I knew anyone of my age that could afford a 3 year old car, let alone a new one. Is it just too easy to get credit nowadays or is it down to a sense of entitlement that many appear to display?
You've only given headline detailsNo idea if that's a lease or pcp, what the terms are, who funds it, if she's employed, what she earns etc
Out with all that £45 a week to put one's daughter in a safe, warrantied new car doesn't seem bad to me.
As for too easy - it's not about ease it's about that's today's business model for shifting metal
Sense of entitlement? 1 - millennials just see the world differently 2 - she's your family so you're best placed to judge I imagine
daemon said:
And again - some people are stupid with money, some people lease, therefore people who lease are stupid with money.
You are brilliant. Please never stop posting on these threads.
"A survey by the Money Advice Service has found that four in 10 adults in the UK do not have £500 or more in savings. Another by ING bank suggests 28% of UK adults have nothing at all in the bank."
To be fair, even if they're not leasing £20k plus cars, you can bet there's s
t loads leasing the cheaper ones, and there is only 1 car in the top ten from Oct that starts at under £10k, many are over £15k. I would class all of those 28% of people as total idiots, regardless of whether they lease, but given how many cars there are on our roads, of which the vast majority are on finance of some sort, there will be huge crossover - not the ideal situation for a significant portion of the country to be in I would say.
e21Mark said:
My 19 year old niece has a brand new Renault hatchback of some description and pays about £180 per month. When I was 19 I drove a MK3 Cortina that cost £375 I think? I don't think I knew anyone of my age that could afford a 3 year old car, let alone a new one. Is it just too easy to get credit nowadays or is it down to a sense of entitlement that many appear to display?
the industry has moved with the times, using a monthly payment model rather than out right purchase, they would never have been able to sustain the levels of growth of the last 20 years if they relied on everyone paying cash.no one would bat an eyelid about paying £200 a month for a train ticket, but waste that money leasing a car and its the end of the world ...
e21Mark said:
Sorry, yes it's a lease which she pays for herself and I don't begrudge her spending her money on whatever she chooses. It was more just the change in general attitudes toward finance. (and I'm just including lease for the purpose of this conversation) I understand your point about moving metal but it does seem that priorities have changed and have now, pay later is the norm.
For millennials I think that it's not just an evolution of thought but a total change of mindset.Our society has changed considerably and people are accustomed to paying portions of their earnings on a regular basis for the ability to consume/enjoy/use many things in life . Telephony, connectivity, entertainment, health and fitness, and personal transport are all delivered via this model which deliver fixed costs over a short/medium term period of commitment.
For many people a car is a consumable item whereas ( most) on PH have a deeper connection and thus feel more strongly about ownership, acquisition, life cycle, purpose etc.
As much as it's easy for people to mock the Audi/BMW stereotype I suspect that for at least as many people it's nothing to do with entitlement and much more directly linked to a combination of convenience, requirement and perceived ease of access.
okgo said:
You are brilliant. Please never stop posting on these threads.
"A survey by the Money Advice Service has found that four in 10 adults in the UK do not have £500 or more in savings. Another by ING bank suggests 28% of UK adults have nothing at all in the bank."
To be fair, even if they're not leasing £20k plus cars, you can bet there's s
t loads leasing the cheaper ones, and there is only 1 car in the top ten from Oct that starts at under £10k, many are over £15k. I would class all of those 28% of people as total idiots, regardless of whether they lease, but given how many cars there are on our roads, of which the vast majority are on finance of some sort, there will be huge crossover - not the ideal situation for a significant portion of the country to be in I would say.
I agree that as a nation we are no doubt underprovisioned but your argument is too binary
The point about cars costing £10k and upwards does not mean people are spending that amount on a car at the expense of saving the same.
I'd ask you the same question I asked the other chap what is your proposed remedy ? The reason I ask is that I sense some of the strongly anti brigade almost want to see some form of state intervention ref car credit to save people from themselves.
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