RE: PH Fleet: the Harris collection
Discussion
KennyGT said:
Do you sell the car, and pay the finance off later? My thought was you had to pay the finance off if you were to sell.
Nice little fleet also, love seeing stuff like this on PH
My understanding is that it is a bit like a mortgage.Nice little fleet also, love seeing stuff like this on PH
If you decide to sell it you can, but you pay the finance company what you owe and keep the rest.
Example:
£135,000 loan.
£35,000 deposit
£100,000 left to pay
£1,000 p/m
CH has had the car for 5 months IIRC,
so he has £95,000 left to pay.
Porsche 911 GT3 RS 4.0 sell for around £190,000 so after he pays the finance off he will have £95,000 (ish) profit.
I may be wrong and happy to be corrected.
Wow, you've a 205 and a Passat B5.5 in your garage, just like me!!!
In fact its the AXGT and 205XS that most catch the eye. I was only thinking the other day that Id love an AXGT but you never see them any more. I saw a corking 205 XS at the swimming baths and thought, wow what a great car.
In fact the more I read this, the more I wonder whether we should just hold onto our own 205 GTI. Everyone I ever meet who had one, says they regret selling it!!!
80s french cars, just brill....
In fact its the AXGT and 205XS that most catch the eye. I was only thinking the other day that Id love an AXGT but you never see them any more. I saw a corking 205 XS at the swimming baths and thought, wow what a great car.
In fact the more I read this, the more I wonder whether we should just hold onto our own 205 GTI. Everyone I ever meet who had one, says they regret selling it!!!
80s french cars, just brill....
JayTee94 said:
My understanding is that it is a bit like a mortgage.
If you decide to sell it you can, but you pay the finance company what you owe and keep the rest.
Example:
£135,000 loan.
£35,000 deposit
£100,000 left to pay
£1,000 p/m
CH has had the car for 5 months IIRC,
so he has £95,000 left to pay.
Porsche 911 GT3 RS 4.0 sell for around £190,000 so after he pays the finance off he will have £95,000 (ish) profit.
I may be wrong and happy to be corrected.
Christ, I'd love that mortgage! I fear you're forgetting that horrible interest thing that banks are so keen on charging. £,1000.00 a month is probably paying something like £350 worth of the loan at first, while the rest is just the interest (maybe less based on the % quoted in EVO a while back). In principal though, yes, you pay off the outstanding debt and then pocket the profit. That's why an HPI check is important if you buy second hand - in case someone decided not to bother paying off the loan, in which case the finance company could reclaim it from you if the original owner stopped paying the installments.If you decide to sell it you can, but you pay the finance company what you owe and keep the rest.
Example:
£135,000 loan.
£35,000 deposit
£100,000 left to pay
£1,000 p/m
CH has had the car for 5 months IIRC,
so he has £95,000 left to pay.
Porsche 911 GT3 RS 4.0 sell for around £190,000 so after he pays the finance off he will have £95,000 (ish) profit.
I may be wrong and happy to be corrected.
I think.
carmadgaz said:
Soovy said:
1957 Land Rover Series One 107-inch Pick-up. MOT failure. SCRAP for curry money
Are you bonkers Soovy? An original 107 even in need of alot of work will be worth more than scrap money!Harris, I don't suppose you want to sell it?
What an odd and eclectic collection; well done! 
Mine would probably be similar, bar the addition of some American classics, a few examples of British iron, and an Alfa or two for good measure.
I, too, have an inexplicable desire for crappy/freaky French cars, but they're much harder to find on this side of the pond.
Mine would probably be similar, bar the addition of some American classics, a few examples of British iron, and an Alfa or two for good measure.
I, too, have an inexplicable desire for crappy/freaky French cars, but they're much harder to find on this side of the pond.
Chris Harris said:
B'stard Child said:
XS had 85 bhp from memory
First GTi had 105 bhp
Not much more punch for the additional weight 80 kgs more from memory
Keys to XS are: better throttle response, nicer steering, less grip, softer ride, stealth looks, gorgeous gearchange. Driven well, can stay with 1.6 GTi. First GTi had 105 bhp
Not much more punch for the additional weight 80 kgs more from memory
Chris, like someone else said, can I strongly suggest the following: A piece on the E28 M5. What it's like to drive, what it's like to own. Also, I'd really, really like you to compare to the E34 M5 - but I guess you'll have to buy/borrow/steal one first!
Anyway, a vivid, eclectic collection, that makes sense the way only a car collection can. Thanks for sharing. Keep collecting.
Edited by m5wagon on Monday 16th April 22:24
e28 M5 def on the up big time price way up big time. keep it for the pension Chris. My car ( mint rare blue with FULL red leather ) 86 motorshow car just got sold for me by 4star for 25k . going to China! take a look at it on www.4starclassics.com , she really was lovely.
will miss it but have replaced with one of 12 w124 E60 Evo AMG factory cars. true cool german barnstormer.
will miss it but have replaced with one of 12 w124 E60 Evo AMG factory cars. true cool german barnstormer.
Chris Harris said:
CampDavid said:
If that's real, you've just cost me money.Mr Harris - nice to see a real world collection of cars, spanning teenage dreams to forties folly. For sure there are some duplications, but it is your collection. Only other journo to rival you is Martin Buckley, but he must have as many Lancias as you have tyres.
When I have some space, none of my accumulations will be moved on. We struggle with 5 at home right now (for TVR boys 28 cylinders / 11.6 litres)
When I have some space, none of my accumulations will be moved on. We struggle with 5 at home right now (for TVR boys 28 cylinders / 11.6 litres
)Edited by rs48635 on Monday 16th April 22:59
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