Many New Luxury Cars on the Road - How?

[CS Garth]

Let’s accelerate things a bit:

-Money talks, wealth whispers

-My mate is the Duke of fkoffshire and he drives a Trabant

-If you can’t afford to run it new you can’t afford to run it second hand

- All people who lease are feckless peasants

-How dare poor people aspire to new car

-I’m on a good six figs and I wouldn’t dream of a new car

Any I’ve missed?

[berlintaxi]

Nanook said:

Pica-Pica said:

Luxury car = new/dirty money
Beaten up Defender = old money/landed gentry

Not this BS again.

Why not, it's the usual fortnightly "how do people afford nice cars" stfest.

[jeremyh1]

CS Garth said:

Let’s accelerate things a bit:

-Money talks, wealth whispers

-My mate is the Duke of fkoffshire and he drives a Trabant

-If you can’t afford to run it new you can’t afford to run it second hand

- All people who lease are feckless peasants

-How dare poor people aspire to new car

-I’m on a good six figs and I wouldn’t dream of a new car

Any I’ve missed?

You read my mind

[JaredVannett]

Zod said:

An X5 costs £60K+. If that's not a luxury car, what is?

I do wonder if the OP actually meant the drones of X3's instead.

[troika]

Well, I get the impression there are lots of people who can easily ‘afford’ to spend £500 a month renting a car (until the music stops) but don’t have, say, £30K to buy a car. Of course, your old money may spend £30K on a car every 10 - 15 years but wouldn’t dream of spending £500 a month renting one.

[Al U]

Curious to know what the top 5% of income is? Also curious to know why someone who is in that bracket is wondering how to afford a posh SUV?

[anonymous-user]

How have people ever afforded anything?

Some buy, some finance, some lease.

This isn't new.

[ZOLLAR]

Al U said:

Curious to know what the top 5% of income is? Also curious to know why someone who is in that bracket is wondering how to afford a posh SUV?

£70,000 and above it seems

https://www.independent.co.uk/voices/70000-john-mc...

[C0ffin D0dger]

berlintaxi said:

Why not, it's the usual fortnightly "how do people afford nice cars" stfest.

I posted this in the Pie & Piston > Lounge initially and it was meant very much tongue-in-cheek but one of the moderators obviously had the "foresight" to move it to the serious bit, sorry

I kind of get it, some folk will prioritise spending £500-£600 on a car every month above all else. I wouldn't, it would compromise my life too much elsewhere. I guess it is also the case that if you mortgage is coming to an end or low then why not. It's a big regret for me that I didn't buy a house sooner in life but nothing will change that now. So I'll be sticking with the Autotrader for now by the looks of it

[ZOLLAR]

ZOLLAR said:

Al U said:

Curious to know what the top 5% of income is? Also curious to know why someone who is in that bracket is wondering how to afford a posh SUV?

£70,000 and above it seems

https://www.independent.co.uk/voices/70000-john-mc...

Actually the OP says household income rather than his own sole income so I'd say it's not in the Top 5%, if it was joint income I imagine many many households would be in the Top 5%, my household income as a total is a few bags of sand short of that and we're nowhere near considered well off.

[MrBarry123]

ZOLLAR said:

my household income as a total is a few bags of sand short of that and we're nowhere near considered well off.

Probably because you're getting paid in sand.

[Zod]

ZOLLAR said:

Al U said:

Curious to know what the top 5% of income is? Also curious to know why someone who is in that bracket is wondering how to afford a posh SUV?

£70,000 and above it seems

https://www.independent.co.uk/voices/70000-john-mc...

At the risk of sounding like one of PH’s anti-car finance zealots, anyone on £70K buying a £70K car on finance is mad.

[schmalex]

Al U said:

Curious to know what the top 5% of income is? Also curious to know why someone who is in that bracket is wondering how to afford a posh SUV?

£70k or over

£70k is only £3,600ish / month.

If you live in the South East and bought a 3 / 4 bed house any time in the last 10 years, chances are your repayment mortgage will be somewhere around £1.5k - £2k / month.

House bills and food are, what, £750 - £1k / month

Going out / saving for holidays etc is maybe £500 / month

It doesn’t leave a lot to buy and run a car with...

[austinsmirk]

funnily enough I thought whilst on my hols in Spain for a couple of weeks, the same thing.

virtually all the cars were run of the mill, mundane stuff. Nothing fancy.

Yet back home in Engerland: all sorts of fancy stuff whizzing about.

I don't quite get it either.

[Nickbrapp]

Company cars, lease deals, work for the manufacturer, lots of reasons.

Lots of people don’t have kids so have a very high disposable income, lots of people get s company car or a car allowance.

Some just spend lots of their salary on a car. It’s a free country

[Shakermaker]

schmalex said:

Al U said:

Curious to know what the top 5% of income is? Also curious to know why someone who is in that bracket is wondering how to afford a posh SUV?

£70k or over

£70k is only £3,600ish / month.

If you live in the South East and bought a 3 / 4 bed house any time in the last 10 years, chances are your repayment mortgage will be somewhere around £1.5k - £2k / month.

House bills and food are, what, £750 - £1k / month

Going out / saving for holidays etc is maybe £500 / month

It doesn’t leave a lot to buy and run a car with...

I can assure you that it is entirely possible to spend considerably less than "£1.5-2k" a month on a 3 or 4 bedroom house in the South East (and not a st bit of the south east) purchased in the last 10 years with less than 15% deposit.

[Lozw86]

JaredVannett said:

I do wonder if the OP actually meant the drones of X3's instead.

Even my X3 was £52k list price - not that I paid that, and not that’s its luxury either

I also tend to see more X5’s than X3’s on the roads

And a 70k salary in the south east doesn’t go far

Edited by Lozw86 on Tuesday 17th July 17:04

[wack]

schmalex said:

Al U said:

Curious to know what the top 5% of income is? Also curious to know why someone who is in that bracket is wondering how to afford a posh SUV?

£70k or over

£70k is only £3,600ish / month.

If you live in the South East and bought a 3 / 4 bed house any time in the last 10 years, chances are your repayment mortgage will be somewhere around £1.5k - £2k / month.

House bills and food are, what, £750 - £1k / month

Going out / saving for holidays etc is maybe £500 / month

It doesn’t leave a lot to buy and run a car with...

Mortgage 2k a month fk me, i'd be worried if I had to find that to fix the car let alone every month for 30 years

I drive a 5.0 Mustang which means I'm minted but in real terms it's around the same money as a BMW 320D just looks like it cost a lot more, PCP makes it all smoke and mirrors

[troika]

wack said:

Mortgage 2k a month fk me, i'd be worried if I had to find that to fix the car let alone every month for 30 years

I drive a 5.0 Mustang which means I'm minted but in real terms it's around the same money as a BMW 320D just looks like it cost a lot more, PCP makes it all smoke and mirrors

I remember watching a TV program years ago about some nice village somewhere. An old boy being interviewed said of the residents ‘some are worth a million, some owe a million and I have no idea who is who’. I think cars are now the same, they tell you very little.

[Toltec]

jeremyh1 said:

I understand your point and you are right . I dont understand how it does not catch up with them .
Eventually your borrowing repayments are going to be more than your income !

It does catch up with them eventually, if they are not careful. I have known plenty of people earning more than I do bemoaning empty bank accounts, then happily order sixty quids worth of takeaway. In the end they are adults and I would no more insist they run their finances the way I do than I would accept being told to run mine like them. The way I see it the masses of people constantly buying stuff drive down the prices for when I decide I want something, in the case of cars they provide the used ones I prefer to buy.