Taking a loan to pay for petrol?

[leafspring]

What the hell?

http://news.uk.msn.com/uk/motorists-being-driven-i...

[Podie]

Clearly RX8 fuel consumption is pretty poor...

[leafspring]

If he needs a payday loan to pay for petrol he must have re-mortgaged to keep the engine oil topped up

[dave7692]

If people who work and have to drive to their jobs are being forced to take out loans in order to balance their books its quite easy to see why people on potentially lower incomes would rather sit on their behind and claim jobseekers than actually get a job (not that I'm implying its that easy at the moment) but why would you work to lose money, it makes no sense.

[james_gt3rs]

leafspring said:

If he needs a payday loan to pay for petrol he must have re-mortgaged to keep the engine oil topped up

Then there's the rebuild.

[mnkiboy]

It's a none-story really. Petrol is just one of the many costs we have to pay each month. It could have easily have said "taking a loan to pay the electric bill" or "taking a loan to put food on the table". It basically boils down to people spending more than they can afford.

[Zoobeef]

"Petrol consumption in July was down to winter levels"

I'm not trying hard enough

[METHS]

Are these the same people that are convinced to take a new car on finance for a million pounds a month to "save on fuel"?

[rsox87]

james_gt3rs said:

leafspring said:

If he needs a payday loan to pay for petrol he must have re-mortgaged to keep the engine oil topped up

Then there's the rebuild.

Mine has done 94,000 miles on the original motor, does 24mpg and uses about 300ml of oil per 1000 miles. (It does 11mpg and will use half a litre of oil in a day on track though!)


Back O/T this is a complete non story, lots of these people that aren't so hot on managing their finances will pawn/wonga/"borrow" to cover their bills, whether it's £200 for a new xbox or another £80 fill up to do another 280 miles in their RX8.

[R26Andy]

When they have to take out a loan to pay for petrol surely its time to aknowledge that running a car is beyond their means? Time to get rid of the sky TV?

Oh I forgot, Sky TV is now a basic human right and is one of the EU poverty line measures.

[Phil Dicky]

Podie said:

Clearly RX8 fuel consumption is pretty poor...

too fking right

[Kentish]

mnkiboy said:

It's a none-story really. Petrol is just one of the many costs we have to pay each month. It could have easily have said "taking a loan to pay the electric bill" or "taking a loan to put food on the table". It basically boils down to people not being able to find a job due to all the illegal immigrants who'll work for minimum wage or less and the disproportionate rise in the cost of living for those who are lucky enough to still have jobs.

EFA

[jas xjr]

Just shows how desperate the paper is to create a story . When they start quoting 1%

[Zoobeef]

R26Andy said:

Oh I forgot, Sky TV is now a basic human right and is one of the EU poverty line measures.

I'm living a paupers existence

[DonkeyApple]

METHS said:

Are these the same people that are convinced to take a new car on finance for a million pounds a month to "save on fuel"?

Exactly. They've spunked their PPI benefits package on car debt and now have realised they haven't the money to run it.

Can't wait for rates to increase to get these tts off the roads and their homes freed up for sensible people.

[Kentish]

DonkeyApple said:

Can't wait for rates to increase to get these tts off the roads and their homes freed up for sensible people.

Which would also hit many who are on the breadline through no fault of their own; people who have been made redundant for example.

Think about it.....

[Engineer1]

The issue is more that so many people's wages haven't kept pace with real world inflation, if you must drive 200 miles a week on your commute then that must be funded. If your discressionary spending gets squashed to nothing and fuel creeps up eventually something has to give or you chuck the odd fill up on a credit card and hope your pay negotiation or job hunt gives you the raise you need. There are probably a good many people who only drive as far as is entirely necessary and don't go for days out thanks to the fuel prices.

[DonkeyApple]

Kentish said:

DonkeyApple said:

Can't wait for rates to increase to get these tts off the roads and their homes freed up for sensible people.

Which would also hit many who are on the breadline through no fault of their own; people who have been made redundant for example.

Think about it.....

A temporary issue as the medium to long term effect would be to make their lives far better. The reason real workers are struggling is because the ridiculous cost of living inflation triggered by the feckless debt spending. The best thing to happen to real workers is to bring key asset values and costs down to levels that leave them with money to spend without needing debt.

[J4CKO]

I think sometimes people have no choice but to use a car but also I think some have no imagination or concept of using alternatives, and I an not talking "green", the basic concept that if you have no spare money to buy fuel but need to go somewhere then maybe you need to look at alternatives.

I remember as a young driver, pedalling past my car on my bike a lot of the time, I didnt have money for fuel so I had to use the alternative, how many of these people paying for fuel via a loan could probably walk, take the bus, cycle or simply make fewer journies ?

We have a fairly healthy household income but I budget £200 a month for fuel, I still save fuel where I can, try to combine journies (drop a kid off, go shopping, go to tip in one run), I can afford more but still cycle, because I can, it saves say £4 a day, I then make butties and save another £4 relative to the extortionate sandwich shop, those £8 savings mount up and I listen to people moaning about being skint when they are drinking a £2 cup of roasted beans in hot water like its a basic human right.

Think what is normal vs what is a treat, what is a luxury vs what isnt has got skewed

[funkyrobot]

A few years ago, I wasn't so good with money.

I once had to put my fuel on the credit card, because I didn't have enough money in the bank to pay for it.