How non-PHers buy and sell cars
Discussion
My in-laws have scrapped a ~10 year old Yaris and a 20 year old Mondeo in the last year as both had minor intermittent faults. Both cars could have been Ebayed with full disclosure and made them some money back, but they would rather see them crushed. The Yaris had a gearbox issue and the Mondeo probably had a fuelling issue- they said they didn't want to risk anyone's safety by selling on a dodgy car. Both were in very good nick aside from that.
JulianHJ said:
My in-laws have scrapped a ~10 year old Yaris and a 20 year old Mondeo in the last year as both had minor intermittent faults. Both cars could have been Ebayed with full disclosure and made them some money back, but they would rather see them crushed. The Yaris had a gearbox issue and the Mondeo probably had a fuelling issue- they said they didn't want to risk anyone's safety by selling on a dodgy car. Both were in very good nick aside from that.
If only every Yaris owner would do the same 
ChemicalChaos said:
People like this are why recessions happen
Why, because they purchase new cars and put money into the economy in terms of manufacturers/dealers profits and VAT? Yeah, the country would be much better off if we all drove 20 year old bangers and kept all our cash under the mattress at home.
berlintaxi said:
Why, because they purchase new cars and put money into the economy in terms of manufacturers/dealers profits and VAT? Yeah, the country would be much better off if we all drove 20 year old bangers and kept all our cash under the mattress at home.
The people I know who think nothing of running a £300+ a month lease car, the latest iPhone, eat out regularly aren't/can't be on a fantastic salary/wage so when rates rise I imagine they are in trouble however the recession was partly due to people over extended themselves through high mortgages to their income and savings....Oh wait...berlintaxi said:
The last recession was caused by irresponsible lending by the banks, you would imagine they have learnt from that and now look more at affordability, which indeed they do. Still a least you can feel all smug and superior in your old banger.
Irresponsible lending = Not managing people's finances for them.Even with affordability tests there are still far too many people out there, already in significant debt, who still think it's reasonable to spend absurd sums on everything just because £10 a week 'sounds reasonable'.
Krikkit said:
Tell him you'll buy it for £1200, spend the required to fix it, then polish and punt it on.
Most of the people I know just end up taking it to a dealer as PX while they chop it in for the next cashpit.
He'll be all hot air.Most of the people I know just end up taking it to a dealer as PX while they chop it in for the next cashpit.
Bid him £1200, and all of a sudden it'll be "what? its worth £4k!!!!"
berlintaxi said:
The last recession was caused by irresponsible lending by the banks, you would imagine they have learnt from that and now look more at affordability, which indeed they do. Still a least you can feel all smug and superior in your old banger.
It's abit deeper than that. Seen the NatWest ads on now painting NatWest as a Divine caring institution there heroically to save and serve? Along with other consumer ads etc to make people think debt is what everyone does/has. When I was younger I was told 'on the tick and never ever' was shameful. Now it's part of buying into the lifestyle. How else can you afford the latest iPhone, new car, rent a apartment in the city, new clothes every weekend, processco Thursday night/Fri night/Sat night on a very very average salary?
Sa Calobra said:
When I was younger I was told 'on the tick and never ever' was shameful. Now it's part of buying into the lifestyle. How else can you afford the latest iPhone, new car, rent a apartment in the city, new clothes every weekend, processco Thursday night/Fri night/Sat night on a very very average salary?
It's just a societal shift, but I'm not sure why you shouldn't take advantage of it. At the end of it all if you can afford the ongoing payments then you've lived a life enjoying that latest iPhone, new car, city apartment, new clothes and all the Prosecco... when otherwise you wouldn't have been able to at all. Why wouldn't you? Besides some personal notion of shame or "it's not really yours" - which doesn't actually ever materialise so long as you can continue to make the payments. Everything in life needs some kind of ongoing payment to keep going - see how long your owned-outright car keeps going without paying a penny towards it (that's even ignoring fuel), or your paid-off house, even your own body - the most "owned" thing you'll ever possess. Finance just spreads the cost of purchase onto those existing ongoing costs as well. It's a tool, which can help or harm if misused.
Edited by Venturist on Saturday 25th March 06:28
There's this couple we know that change their cars every 3 years or so, both cars are Honda Jazz's. I think the sales bloke at Honda has them on speed dial as mugs for when he needs some extra sales. The latest is that the couple got a call from the dealer offering them a "deal" on their oldest Jazz (2 years old) which they amazingly accepted. The deal was a good part-ex value (i.e. normal px value!) for the current Jazz and an amazing £1500 discount on the new one (it was pre-registered and one that was actually 7 months old and sitting in the dealers unsold). They were over the moon with the discount and it was a colour that they would have chosen when changing. We got blank looks when we commented on "the deal" and they can see nothing wrong.
Perik Omo said:
There's this couple we know that change their cars every 3 years or so, both cars are Honda Jazz's. I think the sales bloke at Honda has them on speed dial as mugs for when he needs some extra sales. The latest is that the couple got a call from the dealer offering them a "deal" on their oldest Jazz (2 years old) which they amazingly accepted. The deal was a good part-ex value (i.e. normal px value!) for the current Jazz and an amazing £1500 discount on the new one (it was pre-registered and one that was actually 7 months old and sitting in the dealers unsold). They were over the moon with the discount and it was a colour that they would have chosen when changing. We got blank looks when we commented on "the deal" and they can see nothing wrong.
Well what is wrong if they are happy? 
Bearing in mind, the terms "scrap" has become the generic word for getting rid of an older car and doesn't always mean that it'll be dragged up the arse of an old transit and £60 in dirty notes handed over. A friend "scrapped" his 59 plate V50 via the specialists online when the diesel pump failed and walked away with a fairly considerable amount of cash, saved himself a significant bill and a lot of hassle then bought a new one. But in his eyes, he "scrapped" the car where in reality, he didn't... there was no COD and the car will no doubt be sold on, fixed and live on for a bit longer.
ChemicalChaos said:
People like this are why recessions happen
I don't think your economics ideas add up there. Spending a lot of money regularly contributes to the economy.The guy is an idiot but that just isn't true. Being mega frugal and keeping your cash in boxes in the loft would suit what you say, not spending it
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