Car Snobs - I Despise Them

[bqf]

Which 18 year old could lease a golf R? The insurance would be astronomical wouldn't it?

[bad company]

treeroy said:

bad company said:

There’s nothing wrong with paying cash and running older cars if that floats your boat but don’t kid yourself that your 10 year old whatever is as good as a new one. It isn’t.

A 15 year old Mazda MX-5 is better than a new Mazda MX-5.

A 15 year old BMW M3 is better than a new BMW M3.

A 20 year old Lotus Elise is better than a new Lotus Elise

A 30 year old Golf GTI is better than a new Golf GTI.

An interesting theory/opinion but I would take the new car in any of those examples.

All a matter of choices and taste. Oh and I’m useless as a ‘spanner man’ so older cars just wouldn’t work for me.

[Cleisthenes]

ghost83 said:

I pcp my golf gti pp I don’t look down on anyone and I’m not going to be stupid enough to own it and pay 30k on a depreciating asset, just put it through the business and it’s free to me rly ?? does that boil your piss

Looking to put a macan or a rs3 through the business next too

Only buy appreciating assets like houses
Rent depreciating assets like cars

I'm not sure where your logic comes in. If you were to buy instead of pcp that Golf, and sell when you would have given that golf back, it would cost you less to buy it than pcp it.

[treeroy]

Cleisthenes said:

I'm not sure where your logic comes in. If you were to buy instead of pcp that Golf, and sell when you would have given that golf back, it would cost you less to buy it than pcp it.

exactly, if the depreciation was worse than the PCP then the dealer would be losing money. The whole point of PCP / lease is that you're paying for depreciation + revenue for the finance company.

[DJP]

But off of the pages of PH does anyone actually care (or even know) what anyone else drives?

I work in a building with 100s of people. I've no idea what any of them drive. None of them know what I drive. I doubt that any of them know what anyone else drives.

And I strongly doubt that anyone cares.

[PixelpeepS3]

Cleisthenes said:

ghost83 said:

I pcp my golf gti pp I don’t look down on anyone and I’m not going to be stupid enough to own it and pay 30k on a depreciating asset, just put it through the business and it’s free to me rly ?? does that boil your piss

Looking to put a macan or a rs3 through the business next too

Only buy appreciating assets like houses
Rent depreciating assets like cars

I'm not sure where your logic comes in. If you were to buy instead of pcp that Golf, and sell when you would have given that golf back, it would cost you less to buy it than pcp it.

Not sure where your logic comes in either.

My golf R, leased over 2 years cost me £10,072 - this included VAT, road tax, servicing and tyres
That same Golf R lost around £14,000 in value in 24 months.

No drama about selling it, being haggled, paying for adverts, being stuck with it and more of the ass falling out of it

sensible people go for the most cost effective option for them at the time they are buying. If you rule out a method of having the car on your drive way because you are stuck with a brain that will only process things 'as they were in the good old days' then it doesn't make other peoples choices wrong.

[InitialDave]

treeroy said:

exactly, if the depreciation was worse than the PCP then the dealer would be losing money. The whole point of PCP / lease is that you're paying for depreciation + revenue for the finance company.

Your personal costs to buy a car outright are not necessarily the same as a finance company's.

[treeroy]

DJP said:

But off of the pages of PH does anyone actually care (or even know) what anyone else drives?

I work in a building with 100s of people. I've no idea what any of them drive. None of them know what I drive. I doubt that any of them know what anyone else drives.

And I strongly doubt that anyone cares.

I regularly get compliments about my car at work! We have about 1000 employees, 500 of which work in my building. and I know what a fair few people drive. you see people in the car park.

I once bumped into the CEO when I was out shopping, it was shortly after I changed cars, I had never spoken to him before and didn't even realise he knew who I was but he started talking to me and told me he thought my new car looked great and asked why I got rid of my MX-5.

[TooMany2cvs]

anonymous said:

[redacted]

Not free, but it may work out a chunk cheaper. The VAT on the lease is reclaimed, and the money is before corp tax and/or income tax are deducted. OTOH, it then falls under co.car BiK tax.

[treeroy]

InitialDave said:

Your personal costs to buy a car outright are not necessarily the same as a finance company's.

I suppose that's true. I can probably calculate it.

If I had bought my car with cash outright, the price would have been £18,500.

I have my car on a lease and think I pay £193 per month, with 12,500 miles. The lease is 35+3 months so that means I pay £7334 over three years, then I hand it back and the lease company sells it on.

If I look at Autotrader, same car with 37,500 miles and 3 years old. The price seems to be £11,000 from traders. Private sale probably more like £10,000? So I suppose I'm spending less money on a lease, than if I had bought the car and sold it after 3 years and paid for the depreciation myself.

edit: forgot that includes tax and breakdown cover, which would be £650+. So that's at least £1000 cheaper than buying it outright.

Edited by treeroy on Thursday 11th January 16:41

[LG9k]

anonymous said:

[redacted]

From the list price, probably. A £4k (or more) discount would have been easy enough to obtain if buying which would have evened things up cost-wise.

[treeroy]

PixelpeepS3 said:

That shocks you?

how about an astra GTC?

new at £24k
24 months later worth £5235 ?

Autotrader says a 2 year old Astra GTC is 8 grand, that's for the basic 1.4. Still bad.

Why on earth was the Astra 24k though??! I had no idea those things cost so much. What are you getting for the money? It is a 1.4 vauxhall astra!! VXR well I would understand. But apparently the VXRs started at 31. Lmao what was Vauxhall thinking?

[Cleisthenes]

PixelpeepS3 said:

Not sure where your logic comes in either.

My golf R, leased over 2 years cost me £10,072 - this included VAT, road tax, servicing and tyres
That same Golf R lost around £14,000 in value in 24 months.

No drama about selling it, being haggled, paying for adverts, being stuck with it and more of the ass falling out of it

sensible people go for the most cost effective option for them at the time they are buying. If you rule out a method of having the car on your drive way because you are stuck with a brain that will only process things 'as they were in the good old days' then it doesn't make other peoples choices wrong.

The cheapest 2015 R at the moment on AT is about £19k, meaning your £14k would take it to 33k. With a starting price of 31k which I doubt anyone pays due to discounts, it probably isn't too far off. £10k is still a lot over 2 years though.

[itcaptainslow]

PixelpeepS3 said:

anonymous said:

[redacted]

That shocks you?

how about an astra GTC?

new at £24k
24 months later worth £5235 ?

Jeeeaaayysus...

Surely not?

[TwinExit]

PixelpeepS3 said:

aaron_2000 said:

I can't afford to drive the same generic blue leased Golf R as everyone else

so that's your issue?

you haven't done as well in life as your friends?

Erm he could not afford to pay the minimum installments for a Golf R, yet his friends can, does being able to pay for installments give credence to look down on others when they can't even buy the said car outright?

PixelpeepS3 said:

Not sure where your logic comes in either.

My golf R, leased over 2 years cost me £10,072 - this included VAT, road tax, servicing and tyres
That same Golf R lost around £14,000 in value in 24 months.

No drama about selling it, being haggled, paying for adverts, being stuck with it and more of the ass falling out of it

sensible people go for the most cost effective option for them at the time they are buying. If you rule out a method of having the car on your drive way because you are stuck with a brain that will only process things 'as they were in the good old days' then it doesn't make other peoples choices wrong.

There you have it, you played the PCP game well enough that you made Golf R ownership affordable to you (or at least appear logical on PH by claiming worst case depreciation numbers) and you appear to have 'done well in life' to your neighbours and office colleagues, congrats.

If you done that well in life, surely the extra supposed £4k in depreciation / cost over 24 mnth PCP isn't going to worry you when you know you owned the car outright to do as you please with it...

[PixelpeepS3]

Cleisthenes said:

PixelpeepS3 said:

Not sure where your logic comes in either.

My golf R, leased over 2 years cost me £10,072 - this included VAT, road tax, servicing and tyres
That same Golf R lost around £14,000 in value in 24 months.

No drama about selling it, being haggled, paying for adverts, being stuck with it and more of the ass falling out of it

sensible people go for the most cost effective option for them at the time they are buying. If you rule out a method of having the car on your drive way because you are stuck with a brain that will only process things 'as they were in the good old days' then it doesn't make other peoples choices wrong.

The cheapest 2015 R at the moment on AT is about £19k, meaning your £14k would take it to 33k. With a starting price of 31k which I doubt anyone pays due to discounts, it probably isn't too far off. £10k is still a lot over 2 years though.

My R was a 5 door DSG which had a list of £34,000 - have you TRIED to get an 11% discount off a new VW on a single retail purchase?

you've lost a minimum of £10k no matter what method you choose.

[PixelpeepS3]

TwinExit said:

Erm he could not afford to pay the minimum installments for a Golf R, yet his friends can, does being able to pay for installments give credence to look down on others when they can't even buy the said car outright?

No, of course it doesn't - to normal folk, but OP was upset about something and after a little digging it seems he was upset that his friends could afford something he couldn't

TwinExit said:

There you have it, you played the PCP game well enough that you made Golf R ownership affordable to you (or at least appear logical on PH by claiming worst case depreciation numbers) and you appear to have 'done well in life to your neighbours and office colleagues.

If you done that well in life, surely the extra supposed £4k in depreciation / cost over 24 mnth PCP isn't going to worry you when you know you owned the car outright to do as you please with it...

i haven't for one minute suggested i have 'done well'

What i have said is i saved money by leasing. I didn't pick worst case, i picked facts from my situation. If you don't want to believe them that's ok.

Seriously, it really is ok. I know it worked for me.

All i can do is try and share my actual, real life experience on here in the hope that it separates all the regurgitated bks spewed from people with zero real life experience of something and confusing what they read/heard somewhere for fact.

oh and it doesn't matter how well you're doing in life, no one with any sense throws away £4k if they can help it.

[Wills2]

PixelpeepS3 said:

Cleisthenes said:

PixelpeepS3 said:

Not sure where your logic comes in either.

My golf R, leased over 2 years cost me £10,072 - this included VAT, road tax, servicing and tyres
That same Golf R lost around £14,000 in value in 24 months.

No drama about selling it, being haggled, paying for adverts, being stuck with it and more of the ass falling out of it

sensible people go for the most cost effective option for them at the time they are buying. If you rule out a method of having the car on your drive way because you are stuck with a brain that will only process things 'as they were in the good old days' then it doesn't make other peoples choices wrong.

The cheapest 2015 R at the moment on AT is about £19k, meaning your £14k would take it to 33k. With a starting price of 31k which I doubt anyone pays due to discounts, it probably isn't too far off. £10k is still a lot over 2 years though.

My R was a 5 door DSG which had a list of £34,000 - have you TRIED to get an 11% discount off a new VW on a single retail purchase?

you've lost a minimum of £10k no matter what method you choose.

You can get nearly 15% off without even haggling....

[bad company]

treeroy said:

exactly, if the depreciation was worse than the PCP then the dealer would be losing money. The whole point of PCP / lease is that you're paying for depreciation + revenue for the finance company.

You’re paying for the depreciation but the finance revenue is often subsidised by the manufacturer. They do that to encourage repeat business.

[TwinExit]

PixelpeepS3 said:

No, of course it doesn't - to normal folk, but OP was upset about something and after a little digging it seems he was upset that his friends could afford something he couldn't

I would advise you read what the OP posted again, it was that his friends (who commandeered motors like the Golf R's through affordable monthly installments) berated the OP for owning a lesser affordable brand of car.

Snobbery is one thing, snobbery from people who project a false image of wealth and status through debt / finance is furthermore revolting.

PixelpeepS3 said:

i haven't for one minute suggested i have 'done well'

What i have said is i saved money by leasing. I didn't pick worst case, i picked facts from my situation. If you don't want to believe them that's ok.

Seriously, it really is ok. I know it worked for me.

All i can do is try and share my actual, real life experience on here in the hope that it separates all the regurgitated bks spewed from people with zero real life experience of something and confusing what they read/heard somewhere for fact.

oh and it doesn't matter how well you're doing in life, no one with any sense throws away £4k if they can help it.

And yet you lose £10k in 24 months with only the benefit of mileage limited access to the car during that period.

That extra £4k gives you outright ownership - to do what you wish with it, where as with PCP, it was never yours.