BMW M2 Accident
Discussion
Chestrockwell said:
Not sure why many are against financing cars, say you earn 18k + and you want a nice car, you ca afford the monthly payments on a 2 year deal, will probably need 2 tyres over the 2 years given it’s on 8k pa, it will need a service once so not much running costs bar fuel/insurance.
What gives someone the right to say they can’t have one or shouldn’t? I’m 24 and I don’t know one single person who has a mortgage without the help of their parents, usually a massive lump of money for the deposit yet most people over 50 have been homeowners for years, probably back when they were 20, my dad at 30 but a lot of my friends parents a lot younger.
My point is, it’s a lot harder to buy a house now as a young person unless it’s a new build on landfil made of crumbs. However it’s a lot easier to buy......can someone finish my point here?
I completely sympathise with your plight, however if you earn 18k, typically you cannot afford a "nice" car, and should have other priorities such as day to day living and saving (what you can) for later. By nice, I mean new/expensive. You can run a nice older car, if you're clever/sensible.What gives someone the right to say they can’t have one or shouldn’t? I’m 24 and I don’t know one single person who has a mortgage without the help of their parents, usually a massive lump of money for the deposit yet most people over 50 have been homeowners for years, probably back when they were 20, my dad at 30 but a lot of my friends parents a lot younger.
My point is, it’s a lot harder to buy a house now as a young person unless it’s a new build on landfil made of crumbs. However it’s a lot easier to buy......can someone finish my point here?
tannhauser said:
daemon said:
tannhauser said:
Gad-Westy said:
tannhauser said:
Couldn't resist.... Knew I was being played. But it's a very real point!
Why the link between car finance and crashing? And in terms of that dolt whacking his M2 into a kerb, (a) we dont know he didnt purchase it with cash or whatever but (b) even if it is on finance, if finance was made not available he could have been in a similarly powerful car that he bought for cash. You can pick up a very fast car for a few thousand or less if you put your mind to it. So it doesnt really get us away from the "idiot who cant drive crashes showing off" scenario.
"only those with financial means should be able to buy expensive cars" - how do you define that? Would people have to declare their net worth? What happens if someone has their money otherwise tied up in investments, would your new rule stop them buying a car?
tannhauser said:
I completely sympathise with your plight, however if you earn 18k, you cannot afford a "nice" car, and should have other priorities such as day to day living and saving (what you can) for later. By nice, I mean new/expensive. You can run a nice older car, if you're clever/sensible.
That’s the thing you cannot afford to buy one and keep it but you can afford to rent one for 2 years, I saw a deal on an M4 for 470 a month 9+23, 15 grand over 2 years, what’s that going to do for you? Nothing, that isn’t even a years rent for a 1 bedroom flat in near a train station with a link to central London.Times have changed, homeowners now are only homeowners because of their parents, most of the time anyway, there’s no way a average person can buy a house/flat by themselves on an average wage in the south, where most of the work/jobs are. If somebody wants to rent an M2 for 2 years and have a good laugh, let them!
daemon said:
tannhauser said:
daemon said:
tannhauser said:
Gad-Westy said:
tannhauser said:
Couldn't resist.... Knew I was being played. But it's a very real point!
Why the link between car finance and crashing? And in terms of that dolt whacking his M2 into a kerb, (a) we dont know he didnt purchase it with cash or whatever but (b) even if it is on finance, if finance was made not available he could have been in a similarly powerful car that he bought for cash. You can pick up a very fast car for a few thousand or less if you put your mind to it. So it doesnt really get us away from the "idiot who cant drive crashes showing off" scenario.
"only those with financial means should be able to buy expensive cars" - how do you define that? Would people have to declare their net worth? What happens if someone has their money otherwise tied up in investments, would your new rule stop them buying a car?
Chestrockwell said:
Not sure why many are against financing cars, say you earn 18k + and you want a nice car, you ca afford the monthly payments on a 2 year deal, will probably need 2 tyres over the 2 years given it’s on 8k pa, it will need a service once so not much running costs bar fuel/insurance.
What gives someone the right to say they can’t have one or shouldn’t? I’m 24 and I don’t know one single person who has a mortgage without the help of their parents, usually a massive lump of money for the deposit yet most people over 50 have been homeowners for years, probably back when they were 20, my dad at 30 but a lot of my friends parents a lot younger.
My point is, it’s a lot harder to buy a house now as a young person unless it’s a new build on landfil made of crumbs. However it’s a lot easier to buy......can someone finish my point here?
House prices are much higher now, but the cost of borrowing used to be much higher years ago with high interest rates. What gives someone the right to say they can’t have one or shouldn’t? I’m 24 and I don’t know one single person who has a mortgage without the help of their parents, usually a massive lump of money for the deposit yet most people over 50 have been homeowners for years, probably back when they were 20, my dad at 30 but a lot of my friends parents a lot younger.
My point is, it’s a lot harder to buy a house now as a young person unless it’s a new build on landfil made of crumbs. However it’s a lot easier to buy......can someone finish my point here?
I keep hearing young people can't afford to get on the housing ladder, but at the same time they are spending large sums of money on expensive cars, holidays and all the designer gear.
Regardless of when people entered the housing market I'm sure most of us had to make significant sacrifices. Lots will have started off in properties young people turn their nose up at now.
Nobody can stop you financing a brand new car every two years, but it's making the chances and the cost of getting on the housing ladder further away and even more expensive.
You can't have it all ways.
Driver101 said:
House prices are much higher now, but the cost of borrowing used to be much higher years ago with high interest rates.
I keep hearing young people can't afford to get on the housing ladder, but at the same time they are spending large sums of money on expensive cars, holidays and all the designer gear.
Regardless of when people entered the housing market I'm sure most of us had to make significant sacrifices. Lots will have started off in properties young people turn their nose up at now.
Nobody can stop you financing a brand new car every two years, but it's making the chances and the cost of getting on the housing ladder further away and even more expensive.
You can't have it all ways.
Too much logic you need to step it down a notch or two. I keep hearing young people can't afford to get on the housing ladder, but at the same time they are spending large sums of money on expensive cars, holidays and all the designer gear.
Regardless of when people entered the housing market I'm sure most of us had to make significant sacrifices. Lots will have started off in properties young people turn their nose up at now.
Nobody can stop you financing a brand new car every two years, but it's making the chances and the cost of getting on the housing ladder further away and even more expensive.
You can't have it all ways.
Driver101 said:
Chestrockwell said:
Not sure why many are against financing cars, say you earn 18k + and you want a nice car, you ca afford the monthly payments on a 2 year deal, will probably need 2 tyres over the 2 years given it’s on 8k pa, it will need a service once so not much running costs bar fuel/insurance.
What gives someone the right to say they can’t have one or shouldn’t? I’m 24 and I don’t know one single person who has a mortgage without the help of their parents, usually a massive lump of money for the deposit yet most people over 50 have been homeowners for years, probably back when they were 20, my dad at 30 but a lot of my friends parents a lot younger.
My point is, it’s a lot harder to buy a house now as a young person unless it’s a new build on landfil made of crumbs. However it’s a lot easier to buy......can someone finish my point here?
House prices are much higher now, but the cost of borrowing used to be much higher years ago with high interest rates. What gives someone the right to say they can’t have one or shouldn’t? I’m 24 and I don’t know one single person who has a mortgage without the help of their parents, usually a massive lump of money for the deposit yet most people over 50 have been homeowners for years, probably back when they were 20, my dad at 30 but a lot of my friends parents a lot younger.
My point is, it’s a lot harder to buy a house now as a young person unless it’s a new build on landfil made of crumbs. However it’s a lot easier to buy......can someone finish my point here?
I keep hearing young people can't afford to get on the housing ladder, but at the same time they are spending large sums of money on expensive cars, holidays and all the designer gear.
Regardless of when people entered the housing market I'm sure most of us had to make significant sacrifices. Lots will have started off in properties young people turn their nose up at now.
Nobody can stop you financing a brand new car every two years, but it's making the chances and the cost of getting on the housing ladder further away and even more expensive.
You can't have it all ways.
I’m just saying, my dream car (M4) is easily affordable to lease for a few years and I’ve thought about it a few times however I don’t want to spend 15k on something I have to give back after 2 years....if I did go for it, it would be unfair for lots of people to look at me in disapproval on the basis of ‘if you can’t buy it cash, you don’t deserve it’ or have people referred to as ‘unwashed’ because they lease cars. What’s so bad about having easy access to your dream car? If I didn’t have a half decent car now I would have definitely leased that M4
tannhauser said:
PaulD86 said:
tannhauser said:
Exactly - precisely how the great unwashed are able to access things they shouldn't be able to. The sooner PCP and leasing dies a death - and cars like these once more become the preserve of those who can actually afford them - the better.
Absolutely. Same with property. The sooner we get rid of mortgages so people can't have access to things they can't afford the better. Then those who can't afford to buy their house outright can go back to paying a monthly payment to rent one.... oh wait....As someone above suggested - get yourself a £100k car to balance the books!
Gad-Westy said:
I'm still not seeing how: low income = likely to arrive into roundabout backwards.
On PH one could argue that those with lower income haven't made the right choices and those that don't make the right choices shouldn't be driving fast cars.Of course there have always been cheap fast cars - those are my choice
and I pay in cash
Chestrockwell said:
I’m just saying, my dream car (M4) is easily affordable to lease for a few years and I’ve thought about it a few times however I don’t want to spend 15k on something I have to give back after 2 years....if I did go for it, it would be unfair for lots of people to look at me in disapproval on the basis of ‘if you can’t buy it cash, you don’t deserve it’ or have people referred to as ‘unwashed’ because they lease cars. What’s so bad about having easy access to your dream car? If I didn’t have a half decent car now I would have definitely leased that M4
I always find this topic interesting, nothing should stop you getting a dream car if that's what you really want and other people's opinions shouldn't change you mind. I think a part of it is the ease at which finance for a vehicle like the M4 can be obtained and since you used yourself as an example I will too. I had been wanting an e92 m3 for about 4 - 5 years, I knew what I wanted and I also knew I wanted to save and buy it outright. I saved up enough to buy one but decided that money was better spent buying a house with my partner rather than continuing to rent. We moved in and I started saving again and earlier this year I was in a position to buy and after saving for that long and still wanting one I was certain so I did. I don't think there is anything wrong with leasing a car for a couple of years if it suits you financially. There will be people that will say that the money would have been better invested or used to pay off a lump of the mortgage but I would rather enjoy the car now. Everyone is entitled to make their own decisions about their finances but don't lease an expensive car and then complain it is impossible to get on the housing ladder.
tannhauser said:
Gad-Westy said:
tannhauser said:
Couldn't resist.... Knew I was being played. But it's a very real point!
Why the link between car finance and crashing? 
tannhauser said:
Dromedary66 said:
SydneyBridge said:
how do such bellends with no driving skills mange to afford cars like this, with too much power??
You can lease an M2 for £590 / month. 
I must find these "unwashed" people and take some tips from them. If i can be described as such, while still being able to comfortably pay £590 per month for a brand new BMW M2, then my job on this planet is done
PCP/leasing is here to stay, whether you like it or not
It’s sad but it’s seems to be easy come easy go.
I am in my mid 30s but have people who work und r me in the early 20s and they stay and home with mum and dad and run cars at a level I wouldn’t of dreamt of at that age.
My brother in law is 25 and has a top of range new 1.4 A3 black line on a pcp deal but he works in race horses and get a house with his job. He has a friend who lives st home with a 3 year old m3.
Assistant I have has a mate with a s5 at 24 p, warehouse manager and lives at home and is financed to his eye balls. Since can’t get on property ladder they blow it on flash gear.
Many get finance very young these days and it’s easy come which is maybe why some drive 30k plus cars like their 2k s
t boxes because that’s all they put down.
I am in my mid 30s but have people who work und r me in the early 20s and they stay and home with mum and dad and run cars at a level I wouldn’t of dreamt of at that age.
My brother in law is 25 and has a top of range new 1.4 A3 black line on a pcp deal but he works in race horses and get a house with his job. He has a friend who lives st home with a 3 year old m3.
Assistant I have has a mate with a s5 at 24 p, warehouse manager and lives at home and is financed to his eye balls. Since can’t get on property ladder they blow it on flash gear.
Many get finance very young these days and it’s easy come which is maybe why some drive 30k plus cars like their 2k s
t boxes because that’s all they put down.
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