Are these Vloggers just a scam? SOL or Shmee etc? (Vol 2)

Are these Vloggers just a scam? SOL or Shmee etc? (Vol 2)

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p1stonhead

25,616 posts

168 months

Friday 12th July 2019
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ferrisbueller said:
Algarve said:
2manycars said:
The numbers sound big but in reality they’re probably on line with someone earning £24,000 per year whilst having a Golf GTE or something similar on PCP for £300pcm. That’s a good 12.5% right there.
Thats a ridiculous comparison as someone on £24k a year may need a new and reliable car to guarantee they'll be at work every day. They can't afford to run around in a £300 snotter, even if the PCP payments are painful.
Wtf
Indeed. And people wonder why they are in a mess with car finance. ‘Needing’ a car on pcp because a cheap car may break down is not even slightly correct. Before PCP existed what did people do? Heaven forbid they got a car with cash.

Hazmat1

233 posts

99 months

Friday 12th July 2019
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Glad someone finally has given some serious advice... i for one did’t know that reliable, non snotter cars, didn’t start until 24k

Thank you PH! Where the pcp form...

Butter Face

30,379 posts

161 months

Friday 12th July 2019
quotequote all
p1stonhead said:
ferrisbueller said:
Algarve said:
2manycars said:
The numbers sound big but in reality they’re probably on line with someone earning £24,000 per year whilst having a Golf GTE or something similar on PCP for £300pcm. That’s a good 12.5% right there.
Thats a ridiculous comparison as someone on £24k a year may need a new and reliable car to guarantee they'll be at work every day. They can't afford to run around in a £300 snotter, even if the PCP payments are painful.
Wtf
Indeed. And people wonder why they are in a mess with car finance. ‘Needing’ a car on pcp because a cheap car may break down is not even slightly correct. Before PCP existed what did people do? Heaven forbid they got a car with cash.
Let's not start a cash vs PCP argument in this thread, please there are many many other places on PH you can prattle on about this.

DannyScene

6,647 posts

156 months

Friday 12th July 2019
quotequote all
Algarve said:
2manycars said:
The numbers sound big but in reality they’re probably on line with someone earning £24,000 per year whilst having a Golf GTE or something similar on PCP for £300pcm. That’s a good 12.5% right there.
Thats a ridiculous comparison as someone on £24k a year may need a new and reliable car to guarantee they'll be at work every day. They can't afford to run around in a £300 snotter, even if the PCP payments are painful.
It's no more ridiculous than your comment to be fair

2manycars

2,742 posts

179 months

Friday 12th July 2019
quotequote all
Algarve said:
Thats a ridiculous comparison as someone on £24k a year may need a new and reliable car to guarantee they'll be at work every day. They can't afford to run around in a £300 snotter, even if the PCP payments are painful.
Ssshh child, eat a snickers, you know what you get like when you’re hungry......better?

fido

16,830 posts

256 months

Friday 12th July 2019
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Shnozz said:
If you were earning big money and it was an irrelevance such as the footballers etc then perhaps, but to spend that on hire effectively is crazy. Guess its the need it, want it, have it now.
In some circles, image matters and of course you want to people to know you're doing well so they will do business / hang out with you. I don't know how much actual driving satisfaction is derived from temporary ownership but some combination of both is the reason you would throw away £1k a month. Is that any worse than someone who hasn't got two pennies to rub together spending £500 a month on a toy?

egor110

16,914 posts

204 months

Friday 12th July 2019
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Whilst the majority of vloggers are buying the same cars then not using it , it’s good to see hubnut driving his 2cv from wales to Croatia .

He may not have the money of others but what he does have is the ability to create a story , to have the viewer onboard hoping he actually gets to the destination.

anonymous-user

55 months

Friday 12th July 2019
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2manycars said:
Shnozz said:
Still sounds a chunk to my mind to rent a car, knowing it will be handed back with little equity. Earning 6-9k per month to give away 10-16% of salary to rent a car thats a weekend toy to my mind sounds madness. If you were earning big money and it was an irrelevance such as the footballers etc then perhaps, but to spend that on hire effectively is crazy. Guess its the need it, want it, have it now.
The numbers sound big but in reality they’re probably on line with someone earning £24,000 per year whilst having a Golf GTE or something similar on PCP for £300pcm. That’s a good 12.5% right there.
Are there seriously people earning £24k a year who are driving around in £34k Golf GTEs? £24k is £1,654.65 take home a month.

Doing a search of Golf GTE leases found this page https://www.cars2buy.co.uk/personal-car-leasing/vo...

48 month lease
Deposit : £3290.54
Monthly £365.62
Admin Fee : £360

Are people on £24k a year really paying £20834.68 to rent a car for four years and 32k miles?

I would imagine that £15k down £1300 a month Lambo is limited to 5k miles a year.


95JO

1,915 posts

87 months

Friday 12th July 2019
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Joey Deacon said:
Are there seriously people earning £24k a year who are driving around in £34k Golf GTEs? £24k is £1,654.65 take home a month.

Doing a search of Golf GTE leases found this page https://www.cars2buy.co.uk/personal-car-leasing/vo...

48 month lease
Deposit : £3290.54
Monthly £365.62
Admin Fee : £360

Are people on £24k a year really paying £20834.68 to rent a car for four years and 32k miles?

I would imagine that £15k down £1300 a month Lambo is limited to 5k miles a year.
I personally don't think so, those figures aren't attractive even to a 'YOLO' average earner IMO.

However, I have seen people on BMW forums PCP'ing an M140i @ £390pm + £390pm down whilst living with parents on £22k... Paying £2k+ on insurance then struggling to put petrol in them and looking for any way out. So, yeah it does happen but the GTE example is a poor one.

GreatGranny

9,161 posts

227 months

Friday 12th July 2019
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STOP!

This is about Vloggers NOT if someone on £24k can afford a GTE!

95JO

1,915 posts

87 months

Friday 12th July 2019
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GreatGranny said:
STOP!

This is about Vloggers NOT if someone on £24k can afford a GTE!
Noted - Back on track, LLF reviews a shed, literally: https://www.youtube.com/watch?v=-3eHS6jobrQ

Tragic hehe... In my opinion, of course.

Craig_89

251 posts

177 months

Friday 12th July 2019
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Nothing wrong with a £300 banger. Until recently I had a Toyota Starlet which I bought for £300. I ran it for 18 months and the only thing I had to fix (over and above consumables) was a £5 headlight bulb holder plus a mate soldering it for me. I even sold it for more than I paid so I got my money back plus what I'd spent on running it! As Hubnut would say, that's good bangernomics.

My Lexus on the other hand has been far more needy and costly to keep running but at least I can park it on the drive at no cost if something goes wrong as there's no monthly outlay just to have it.

To me getting a PCP/lease on a brand new car is like throwing money down the toilet in an attempt to impress other people.

ashleyman

6,994 posts

100 months

Friday 12th July 2019
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KHK said:
Lol, can you get away with this?

Thats not even a real plate is it?

anonymous-user

55 months

Friday 12th July 2019
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95JO said:
I personally don't think so, those figures aren't attractive even to a 'YOLO' average earner IMO.

However, I have seen people on BMW forums PCP'ing an M140i @ £390pm + £390pm down whilst living with parents on £22k... Paying £2k+ on insurance then struggling to put petrol in them and looking for any way out. So, yeah it does happen but the GTE example is a poor one.
I work with a guy who after his shed failed it's MOT decided to lease an M140i. Now admittedly I estimate he earns double the £24k salary example, but he also has around £30k of credit card debt. A few months after getting it he was telling me that he was getting 240 miles to a tank around town and that he was definitely going to exceed his agreed mileage limits when he handed it back. He then told me that despite us only getting paid a week previously he had £280 of his £1200 overdraft remaining to last the month.

I am sure there are millions of people in a similar situation, I am sure there are people paying £1350 a month for a lambo who regret it after the excitement and novelty wear off.

jas xjr

11,309 posts

240 months

Friday 12th July 2019
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Craig_89 said:
Nothing wrong with a £300 banger. Until recently I had a Toyota Starlet which I bought for £300. I ran it for 18 months and the only thing I had to fix (over and above consumables) was a £5 headlight bulb holder plus a mate soldering it for me. I even sold it for more than I paid so I got my money back plus what I'd spent on running it! As Hubnut would say, that's good bangernomics.

My Lexus on the other hand has been far more needy and costly to keep running but at least I can park it on the drive at no cost if something goes wrong as there's no monthly outlay just to have it.

To me getting a PCP/lease on a brand new car is like throwing money down the toilet in an attempt to impress other people.
Do you have a YouTube channel? smile

Craig_89

251 posts

177 months

Friday 12th July 2019
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jas xjr said:
Do you have a YouTube channel? smile
Yeah but I only really stick track footage on there as somewhere to store it and something to look back on smile

anonymous-user

55 months

Friday 12th July 2019
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GreatGranny said:
STOP!

This is about Vloggers NOT if someone on £24k can afford a GTE!
To bring this back on track, as a shed owner myself I would much rather watch Hubnut pick up a shonky Daimler or DannyDC2 replace the front wings on his Audi a6. The SOL, TGE, Seb, STG, Archie videos are all so boring now, although Tony is great with his sarcasm.

The only other channel I religiously watch is Goonzquad, the attention to detail and the fact these guys do everything themselves is amazing. It is almost comical watching B is for Build (Bodge) in comparison.

95JO

1,915 posts

87 months

Friday 12th July 2019
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I must admit that although I still follow the usual suspects, I very rarely watch their videos nowadays and if I do, I tend to skip the majority of it.

It's all so out of touch, fair enough if you're watching for that very reason, but I much prefer to watch videos of cars that are affordable or at least within reach. So, for that reason the channels that stick out are: Danny DC2, JayEmm, LLF and MonkyLondon...

Gary29

4,170 posts

100 months

Friday 12th July 2019
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I think Ricky's (LLF) guest on his latest video should be SOTW this week.

anonymous-user

55 months

Friday 12th July 2019
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95JO said:
I must admit that although I still follow the usual suspects, I very rarely watch their videos nowadays and if I do, I tend to skip the majority of it.

It's all so out of touch, fair enough if you're watching for that very reason, but I much prefer to watch videos of cars that are affordable or at least within reach. So, for that reason the channels that stick out are: Danny DC2, JayEmm, LLF and MonkyLondon...
Agreed, I was absolutely loving MonkyLondon's videos about his Max Power Green Calibra, shame it has all gone quiet on that front.


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