"Monthly from"... surprise
Discussion
I shouldn't be so naive.
I was doing my usual play with the car configurator for whatever flight of fancy is keeping me distracted at that particular moment when I got to the options section.
Skoda now provide the price for options with a "monthly from" price, so now you can see that keyless entry a £210 option will add approximately £4.91 to your monthly.
I get that this is the way new car buying is headed, in that the question manufacturers now ask is; how much can you afford a month? But I didn't realise it was so obvious... it makes it incredibly easy to ignore the overall commitment or true cost and justify oh it's only another £5 a month without actually thinking.
I guess the end result will be that proposed Volvo model "Care by Volvo subscription ownership plan", it was available on the XC40 and I assume every manufacturer will end up offering something similar to this and you just choose a subscription level.
I was doing my usual play with the car configurator for whatever flight of fancy is keeping me distracted at that particular moment when I got to the options section.
Skoda now provide the price for options with a "monthly from" price, so now you can see that keyless entry a £210 option will add approximately £4.91 to your monthly.
I get that this is the way new car buying is headed, in that the question manufacturers now ask is; how much can you afford a month? But I didn't realise it was so obvious... it makes it incredibly easy to ignore the overall commitment or true cost and justify oh it's only another £5 a month without actually thinking.
I guess the end result will be that proposed Volvo model "Care by Volvo subscription ownership plan", it was available on the XC40 and I assume every manufacturer will end up offering something similar to this and you just choose a subscription level.
Edited by Moonpie21 on Monday 20th August 19:02
I know that this is the modern way to own a car but I just can't get on board with it to be honest.
Yes I know that in some cases you lose less money, when you take into account the depreciation but paying hundreds per month and then not having anything at the end of the contract, is completely alien to me.
Yes I know that in some cases you lose less money, when you take into account the depreciation but paying hundreds per month and then not having anything at the end of the contract, is completely alien to me.
The Turbonator said:
I know that this is the modern way to own a car but I just can't get on board with it to be honest.
Yes I know that in some cases you lose less money, when you take into account the depreciation but paying hundreds per month and then not having anything at the end of the contract, is completely alien to me.
I agree and many of those purchasing these cars (or borrowing them) are already one payday away from poverty so its a bad thing . Yes I know that in some cases you lose less money, when you take into account the depreciation but paying hundreds per month and then not having anything at the end of the contract, is completely alien to me.
I just want cars that are paid for 5 7 10 or even 25 years old . As long as they are fully paid for the day they arrive here !
My mum has just bought a Tiguan and the salesman told her there are going to be 3 spec levels. Once you have decided if you are going Top,Middle or Bottom ,the only thing you choose is the colour! It's all to do with new emissions regulations. If they didn't do it this way every possible variable of options on a car would have to be individually tested.
stichill99 said:
My mum has just bought a Tiguan and the salesman told her there are going to be 3 spec levels. Once you have decided if you are going Top,Middle or Bottom ,the only thing you choose is the colour! It's all to do with new emissions regulations. If they didn't do it this way every possible variable of options on a car would have to be individually tested.
Ah, great - back to the old days (L, GL, Ghia etc!)Anyway, in terms of the last bit of the OP - I hope not! I dislike how everything in life is moving to a subscription model.
If your buying a brand new car I don't see any reason to and pay full price in cash if you have the disposal monthly income to comfortably afford the payments.
Only way I disagree with the above is if you intend on keeping the car for say 10 or more years and putting say 10k a year on it.
If your buying an older car that's already had its main depreciation hit I would rather you paid cash than a high interest monthly payment.
I am also a big advocate of planning for the future, so before I even thought about a new car I would want 6 to 12 months of living expenses tucked away in a saving account. Emergency fund comes before having a new car on drive, like someone said a lot of people have all the flash stuff but really are a few missed paydays from losing it all.
Only way I disagree with the above is if you intend on keeping the car for say 10 or more years and putting say 10k a year on it.
If your buying an older car that's already had its main depreciation hit I would rather you paid cash than a high interest monthly payment.
I am also a big advocate of planning for the future, so before I even thought about a new car I would want 6 to 12 months of living expenses tucked away in a saving account. Emergency fund comes before having a new car on drive, like someone said a lot of people have all the flash stuff but really are a few missed paydays from losing it all.
Bennyjames28 said:
If your buying a brand new car I don't see any reason to and pay full price in cash if you have the disposal monthly income to comfortably afford the payments.
Only way I disagree with the above is if you intend on keeping the car for say 10 or more years and putting say 10k a year on it.
If your buying an older car that's already had its main depreciation hit I would rather you paid cash than a high interest monthly payment.
I am also a big advocate of planning for the future, so before I even thought about a new car I would want 6 to 12 months of living expenses tucked away in a saving account. Emergency fund comes before having a new car on drive, like someone said a lot of people have all the flash stuff but really are a few missed paydays from losing it all.
Bought a 911 in 2010 sold it in 2014 for £14k less than I paid for it.Only way I disagree with the above is if you intend on keeping the car for say 10 or more years and putting say 10k a year on it.
If your buying an older car that's already had its main depreciation hit I would rather you paid cash than a high interest monthly payment.
I am also a big advocate of planning for the future, so before I even thought about a new car I would want 6 to 12 months of living expenses tucked away in a saving account. Emergency fund comes before having a new car on drive, like someone said a lot of people have all the flash stuff but really are a few missed paydays from losing it all.
The salesman tried to convince me the a personal lease was the way to go.
Deposit and 36 months of payments would have cost me over £40 k at the time.
Now do the maths....
The Turbonator said:
Yes I know that in some cases you lose less money, when you take into account the depreciation but paying hundreds per month and then not having anything at the end of the contract, is completely alien to me.
This old chestnut. Usually promoted by those who haven't given the matter any deep thought.
Back in the day you used to rent tellys. I don't want to be tied into renting.
Personally I'd rather just buy something even though it means my goods may be substandard to what I could actually have.
I own my mobile, cars, are all paid for. I have saved money in the bank. Not tied into anything so if the s
t hits the fan I don't have to give my stuff back.
As for the cars, I'm careful that I buy depressions proof.
I'm renting right now while I look for the right land to build on. My rent is 130e per month so I don't even notice it.
Yeah this thread will go that way again.
Ultimately I want to be debt free and not stuck in a relentlous cycle which I cannot get out of.
If I want to eat a steak in a nice restaurant I don't have to look at the price and weigh up my options.
Personally I'd rather just buy something even though it means my goods may be substandard to what I could actually have.
I own my mobile, cars, are all paid for. I have saved money in the bank. Not tied into anything so if the s
t hits the fan I don't have to give my stuff back.As for the cars, I'm careful that I buy depressions proof.
I'm renting right now while I look for the right land to build on. My rent is 130e per month so I don't even notice it.
Yeah this thread will go that way again.
Ultimately I want to be debt free and not stuck in a relentlous cycle which I cannot get out of.
If I want to eat a steak in a nice restaurant I don't have to look at the price and weigh up my options.
Buster73 said:
Bought a 911 in 2010 sold it in 2014 for £14k less than I paid for it.
The salesman tried to convince me the a personal lease was the way to go.
Deposit and 36 months of payments would have cost me over £40 k at the time.
Now do the maths....
How much did the 911 cost in repairs in that time?The salesman tried to convince me the a personal lease was the way to go.
Deposit and 36 months of payments would have cost me over £40 k at the time.
Now do the maths....
If you say not much, what risk were you taking on for that not to be the case ? Presume with only 14k depreciation in 4years you didn't buy new
stichill99 said:
My mum has just bought a Tiguan and the salesman told her there are going to be 3 spec levels. Once you have decided if you are going Top,Middle or Bottom ,the only thing you choose is the colour! It's all to do with new emissions regulations. If they didn't do it this way every possible variable of options on a car would have to be individually tested.
Looking at SEAT Ateca and they've done that. Think it started with Arona and they've just extended it to Ateca. They call it easymove. One great thing is it includes metallic paint - I really hate paying extra for metallic, it's an almost complete rip-off.I think it's a good thing. Hopefully dealers will stock more cars - the current business of waiting 3-6 months is bonkers.
Every fking day there is yet another finance thread
What the fk is wrong with you people ?
This is a car forum, about cars not about personal finances
The sheer volume of small minded pricks trotting out tired cliches and Daily Mail esque “breadline” comments desperate to show they are somehow “better” than others is getting behind a joke.
king day there is yet another finance threadWhat the f
k is wrong with you people ?This is a car forum, about cars not about personal finances
The sheer volume of small minded pricks trotting out tired cliches and Daily Mail esque “breadline” comments desperate to show they are somehow “better” than others is getting behind a joke.
Edited by anonymous-user on Tuesday 21st August 08:36
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