RE: New Audi S3 starts at £47k in UK
Discussion
James6112 said:
CG2020UK said:
timbob said:
In answer to your question about who is ordering these, from my experience of youngsters at work - all living at home on zero (or minimal) rent paid to parents, no bills etc, the first thing many do upon being confirmed in post at 19/20yrs old, on a salary in the mid 20s is to show up at work in a brand new, super hatch. S3s, Golf Rs, hot Civics, the lot. One 19 year old lass showed up in a brand new JCW Mini. She was paying well over £1000 a month on the finance and insurance for it. Before fuel annd tax. And she still had hundreds of pounds of “disposable” income left for a massive phone, nights out etc. Because at that age, in that situation, every penny you earn is disposable income, if you’re not thinking about saving.
But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
What a load of biased rubbish But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
I remember one 19 (soon to be turning 20) year old lad I was tutoring, who was arriving at work in his brand new Audi A3 35 TFSI asked me on shift once why my car was nearly 20 years old and “isn’t it unreliable then?” He was (and still is) living at home. And now has an S3.
The young lady with the JCW mini is another genuine example. Then there’s the girl with the brand new Audi TT-something or other. And another lad in his early twenties with a BMW M235i. I could go on. Perhaps my line of work in the police attracts younger folk who want the blue lights and like their cars (of which I am/was one). However all the above examples are early 20s, all live at home and all drive cars I could never even consider affording the finance on.
Edited by timbob on Thursday 18th April 12:45
Ken_Code said:
loskie said:
The rest of Europe doesn't seem to be obsessed with HAVING to have a new car on the drive whether affordable or not. Unlike people in the UK many of whom are too dim to understand even the basics of finance.
You’re suggesting that the UK population is worse at maths than the rest of Europe?That seems a bit unlikely.
sege said:
I think the Audi S3 is one of the stupidest cars around. Why would any enthusiastic driver have one of these over an old second hand WRX or Evo? If you're not an enthusiastic driver, why have this over whatever boring base model A3 which must cost less money?
I must be the stupid one though, based on the amount of them you see about.
Because a lot of people favour a brand new car over a 20 year old snotter (that is actually not very good when viewed with modern eyes)?I must be the stupid one though, based on the amount of them you see about.
OoopsVoss said:
Seems expensive relative to competition. I don't need the rear doors for my commuter so picked up a new M240 last year with nearly all options for 52k. That's a 4 series with a bit chopped out the chassis. Nor did I have to have an interior that makes me want to kill myself.
Obviously all cars have got more expensive, but this seems a bit errr dull for the money.
.....so a comparable car at a comparable price?Obviously all cars have got more expensive, but this seems a bit errr dull for the money.
PRO5T said:
Christ we’ve totally f
ked this country, pre brexit/Covid a top of the line “super hatch” like a Civic Type R or Focus RS was circa £32k, now it gets you a 1.5L A3.
The run out Heritage RS was over £40k, but dont think its got much to do with Brexit, more the years or quantitative easing (devaluing of the currency) since the 2007 recession, which continues unabated. ked this country, pre brexit/Covid a top of the line “super hatch” like a Civic Type R or Focus RS was circa £32k, now it gets you a 1.5L A3.timbob said:
But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
Herein lies a strong argument for many of the ills of the modern generation. Julian Scott said:
timbob said:
But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
Herein lies a strong argument for many of the ills of the modern generation. It could be considered just a cheap pop at the younger generation. If they all saved , never went out , spend nothing and used push bikes the economy would probably be worse off generally speaking.
There's a time to do something like buying a home it doesn't necessarily mean a nineteen year old or someone in their early should put themselves in that position at such a young age. f
k me, you're only young once, enjoy it and if that means paying silly money for insurance or a car so beit, even if I think 50k for an S3 is laughable no matter what a person's financial position is.The other argument, is that if all early twenties adults started looking to buy a home that would increase demand on the housing stock which seriously lacking anyway. Greater demand, greater the cost.
Julian Scott said:
Herein lies a strong argument for many of the ills of the modern generation.
Absolutely how, how many times have you read about people having to sell a prized car to fund a house purchase or move. It all about priorities and delayed gratification, something sadly lacking todayOoopsVoss said:
Back in the 1990's I did the whole reckless spend thing. I had the choice between a new Williams Clio or use the money for a deposit on a flat in Islington. Decided that 90k was too much for a conversion flat so shiny gold wheeled fanny magent it was. Of course one is now worth 700k - but at the time it made a lot of sense.
Wow, Clio Williams values have really soared!Julian Scott said:
fantheman80 said:
z89 said:
When was the last time VW or Audi released something that was truly brilliant, all their cars all fall into the it's alright / it's boring categories.
Audi R8 - any of themBut keep replying to posts one after the other, its a great read
JJJ. said:
Julian Scott said:
timbob said:
But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
Herein lies a strong argument for many of the ills of the modern generation. It could be considered just a cheap pop at the younger generation. If they all saved , never went out , spend nothing and used push bikes the economy would probably be worse off generally speaking.
There's a time to do something like buying a home it doesn't necessarily mean a nineteen year old or someone in their early should put themselves in that position at such a young age. f
k me, you're only young once, enjoy it and if that means paying silly money for insurance or a car so beit, even if I think 50k for an S3 is laughable no matter what a person's financial position is.The other argument, is that if all early twenties adults started looking to buy a home that would increase demand on the housing stock which seriously lacking anyway. Greater demand, greater the cost.
t Daily Mail reference), it is more the unwillingness to save to buy, instead wanting immediacy coupled with the 'need' to replace so many items every 12 months (phone/TV/etc). Dedicating the £XXX per month after purchasing (with interest) rather than saving the same £XXX before the purchase (and receiving interest).It loops in house-buying, but only systematically.
For the first 3 cars I bought myself, I saved, and bought the car I had the cash for. Ditto a house deposit. Ditto putting a lawn on the garden. Ditto going on holiday.
Nowadays, whatever someone wants (and it's not just the under-30s), you get the item and pay for it through finance, and there lays the risk of over extending yourself, especially when interest rates increase. When you do that every 12/24 month for a phone, a car, a TV, etc it causes societal issues. Going on a £5-10k holiday then paying for it over 12 month because you shoved it on a credit card (and increased the cost of the holiday by 50%) it's makes the matter even worse.
My parents' generation was even more extreme. They didn't go on holiday, didn't have a car, bought a house and had to save for a year to carpet it. Then save to buy a washing machine. etc etc
fantheman80 said:
Julian Scott said:
fantheman80 said:
z89 said:
When was the last time VW or Audi released something that was truly brilliant, all their cars all fall into the it's alright / it's boring categories.
Audi R8 - any of themBut keep replying to posts one after the other, its a great read
But keep mis-reading posts and replying ignorantly, its a great read
Julian Scott said:
JJJ. said:
Julian Scott said:
timbob said:
But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
Herein lies a strong argument for many of the ills of the modern generation. It could be considered just a cheap pop at the younger generation. If they all saved , never went out , spend nothing and used push bikes the economy would probably be worse off generally speaking.
There's a time to do something like buying a home it doesn't necessarily mean a nineteen year old or someone in their early should put themselves in that position at such a young age. f
k me, you're only young once, enjoy it and if that means paying silly money for insurance or a car so beit, even if I think 50k for an S3 is laughable no matter what a person's financial position is.The other argument, is that if all early twenties adults started looking to buy a home that would increase demand on the housing stock which seriously lacking anyway. Greater demand, greater the cost.
t Daily Mail reference), it is more the unwillingness to save to buy, instead wanting immediacy coupled with the 'need' to replace so many items every 12 months (phone/TV/etc). Dedicating the £XXX per month after purchasing (with interest) rather than saving the same £XXX before the purchase (and receiving interest).It loops in house-buying, but only systematically.
For the first 3 cars I bought myself, I saved, and bought the car I had the cash for. Ditto a house deposit. Ditto putting a lawn on the garden. Ditto going on holiday.
Nowadays, whatever someone wants (and it's not just the under-30s), you get the item and pay for it through finance, and there lays the risk of over extending yourself, especially when interest rates increase. When you do that every 12/24 month for a phone, a car, a TV, etc it causes societal issues. Going on a £5-10k holiday then paying for it over 12 month because you shoved it on a credit card (and increased the cost of the holiday by 50%) it's makes the matter even worse.
My parents' generation was even more extreme. They didn't go on holiday, didn't have a car, bought a house and had to save for a year to carpet it. Then save to buy a washing machine. etc etc
CG2020UK said:
timbob said:
In answer to your question about who is ordering these, from my experience of youngsters at work - all living at home on zero (or minimal) rent paid to parents, no bills etc, the first thing many do upon being confirmed in post at 19/20yrs old, on a salary in the mid 20s is to show up at work in a brand new, super hatch. S3s, Golf Rs, hot Civics, the lot. One 19 year old lass showed up in a brand new JCW Mini. She was paying well over £1000 a month on the finance and insurance for it. Before fuel annd tax. And she still had hundreds of pounds of “disposable” income left for a massive phone, nights out etc. Because at that age, in that situation, every penny you earn is disposable income, if you’re not thinking about saving.
But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
What a load of biased rubbish But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
r5kdt said:
Julian Scott said:
Herein lies a strong argument for many of the ills of the modern generation.
Absolutely how, how many times have you read about people having to sell a prized car to fund a house purchase or move. It all about priorities and delayed gratification, something sadly lacking todayEC2 said:
timbob said:
In answer to your question about who is ordering these, from my experience of youngsters at work - all living at home on zero (or minimal) rent paid to parents, no bills etc, the first thing many do upon being confirmed in post at 19/20yrs old, on a salary in the mid 20s is to show up at work in a brand new, super hatch. S3s, Golf Rs, hot Civics, the lot. One 19 year old lass showed up in a brand new JCW Mini. She was paying well over £1000 a month on the finance and insurance for it. Before fuel annd tax. And she still had hundreds of pounds of “disposable” income left for a massive phone, nights out etc. Because at that age, in that situation, every penny you earn is disposable income, if you’re not thinking about saving.
But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
I know lots of people of my generation (been on PH a long time!) who agree with this. I had no money in my early 20s as everthing I earned was going towards a house deposit/mortgage. In defence for the modern generation, we had far less to spend our money on in London in the 80s. Strangely enough I had an S3 in my 40s and loved it so not sure how that fits with the demographic.But many then complain that it’s impossible to save for a house and get on the property ladder despite living at home, because you need a car, you need a phone, and then there’s not a lot left at the end of the month………
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