Many New Luxury Cars on the Road - How?
Discussion
Thankyou4calling said:
SidewaysSi said:
£70k salary is not that much in some parts of the country anymore. Mortgage, travel, bills, maybe school fees etc all add up.
I am not envious in the least of anyone who has a new car to be honest.
But I probably spend a lot more than them on my old bangers!!
£70k is more than twice the average salary for London and three times UK so however you cut it, £70,000 is high.I am not envious in the least of anyone who has a new car to be honest.
But I probably spend a lot more than them on my old bangers!!
Edited by SidewaysSi on Tuesday 17th July 18:48
I PCP'd my Fabia brand new as it worked out about £3k cheaper than buying used with the interest difference/deposit contributions chucked in. I'm 22 and recently bought my first house (I'm fortunate that property is so cheap up here) and while I can manage comfortably with the car payment I will look to get something a little cheaper next time to reduce the total debt, probably on a personal lease of some kind. I've got friends who rent or live at home, paying ridiculous amounts on PCP for nice BMWs of which the payments would keep me awake at night etc but as far as I'm concerned I'm only bothered about my finances and no one else's. Yes I get comments for "only" driving a Skoda and I often get the "taxi" jibes from my premium model driving acquaintances, but it's fixed cost motoring and I like the car. Paying nigh on £300 a month for a 116d Sport appeals to me in no way whatsoever.
kieranblenk said:
I PCP'd my Fabia brand new as it worked out about £3k cheaper than buying used with the interest difference/deposit contributions chucked in. I'm 22 and recently bought my first house (I'm fortunate that property is so cheap up here) and while I can manage comfortably with the car payment I will look to get something a little cheaper next time to reduce the total debt, probably on a personal lease of some kind. I've got friends who rent or live at home, paying ridiculous amounts on PCP for nice BMWs of which the payments would keep me awake at night etc but as far as I'm concerned I'm only bothered about my finances and no one else's. Yes I get comments for "only" driving a Skoda and I often get the "taxi" jibes from my premium model driving acquaintances, but it's fixed cost motoring and I like the car. Paying nigh on £300 a month for a 116d Sport appeals to me in no way whatsoever.
That Skoda should last for years without issue, get it paid for and you’ll have very cheap motoring for a long time. Sounds like you’ve got your head screwed on and your priorities sorted, good luck to you. Let’s be honest here. Pcp/lease makes nicer cars more affordable (month to month) to lower income people and more well heeled people who historically paid cash or shorter term loans don’t like it as it means they need to get chuckied up big style on a lease or pcp to maintain a big differential. There isn’t status with cars anymore unless you get into pretty serious vehicles and the middle classes often can’t afford to buy them outright and aren’t prepared to get into high payment pcp or lease as they are averse to it.
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 !
Why?Eventually your borrowing repayments are going to be more than your income !
Chances are their car is their biggest single outgoing after their homes. Run a flash car for the years in their lives it seems important for whatever reason, change down to something cheaper later.
troika said:
Ninja59 said:
I think most just lease now, PCP does not even enter the equation as some don't even want anything to do with ownership.
I think the mentality is like an extreme form of everything else, it is not an overall cost, but seen as a monthly outgoing cost and that is that. Problem as said is what happens when it comes to tyres etc. But even saying that 3yr/5yr servicing package, possibly tyres put on once during ownership jobs a good un and dump it after 2 years.
I’ve seen threads on here where people are asking how to best get out of servicing their lease car before it goes back etc. I mean, FFS, you have to be either pretty sad or pretty skint to spend time working out how to save a few quid on an oil change for your ‘luxury’ car. I think the mentality is like an extreme form of everything else, it is not an overall cost, but seen as a monthly outgoing cost and that is that. Problem as said is what happens when it comes to tyres etc. But even saying that 3yr/5yr servicing package, possibly tyres put on once during ownership jobs a good un and dump it after 2 years.
troika said:
That Skoda should last for years without issue, get it paid for and you’ll have very cheap motoring for a long time. Sounds like you’ve got your head screwed on and your priorities sorted, good luck to you.
Cheers and yes that is also an option. I got it last March and it has 14k on the clock, I did get a good discount as it was a stock car that had to be sold for the salesman to hit target so got GAP and 2 years free servicing chucked in so I'd definitely consider keeping it when the PCP is up in 18 months or so.To be honest I can't take all the glory as my partner has a good job on the railways at 23 and our 11 plate Swift is pretty much paid for now.
I have mates who are in similar positions (my best mate the same age has a spanking new Fiesta and a new build) and I have others who spend their money on high APR car loans, cheap holidays and booze/fags etc...I'm talking dropping in total 2 grand on a week in Zante or Magaluf. It is MUCH harder for our generation to get onto the ladder and I can see why so many of my peers have the "live in the moment I want it now" attitude of never saving a penny, living at home till 30<, ticking on a 30k car, taking out loans like they're going out of fashion and raving all weekend but it's not for me. I guess it's horses for courses and I'd never judge anyone for what they choose to do as long as it doesn't impact my life, but I do understand why it's the way it is for some people.
These topics do my head in! Is it really that difficult to understand why some may not be able to afford a new car and others might be able to?
The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
maclarkk said:
These topics do my head in! Is it really that difficult to understand why some may not be able to afford a new car and others might be able to?
The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
And ironically on a motoring enthusiasts forum - the very place you'd expect to find people spending a disproportionate amount compared to whats "necessary" on a nice car! The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
Deep Thought said:
troika said:
Ninja59 said:
I think most just lease now, PCP does not even enter the equation as some don't even want anything to do with ownership.
I think the mentality is like an extreme form of everything else, it is not an overall cost, but seen as a monthly outgoing cost and that is that. Problem as said is what happens when it comes to tyres etc. But even saying that 3yr/5yr servicing package, possibly tyres put on once during ownership jobs a good un and dump it after 2 years.
I’ve seen threads on here where people are asking how to best get out of servicing their lease car before it goes back etc. I mean, FFS, you have to be either pretty sad or pretty skint to spend time working out how to save a few quid on an oil change for your ‘luxury’ car. I think the mentality is like an extreme form of everything else, it is not an overall cost, but seen as a monthly outgoing cost and that is that. Problem as said is what happens when it comes to tyres etc. But even saying that 3yr/5yr servicing package, possibly tyres put on once during ownership jobs a good un and dump it after 2 years.
Deep Thought said:
maclarkk said:
These topics do my head in! Is it really that difficult to understand why some may not be able to afford a new car and others might be able to?
The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
And ironically on a motoring enthusiasts forum - the very place you'd expect to find people spending a disproportionate amount compared to whats "necessary" on a nice car! The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
The average PH'er has a passing interest in cars. Much like they have in their fridge.
Deep Thought said:
maclarkk said:
These topics do my head in! Is it really that difficult to understand why some may not be able to afford a new car and others might be able to?
The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
And ironically on a motoring enthusiasts forum - the very place you'd expect to find people spending a disproportionate amount compared to whats "necessary" on a nice car! The people who earn decent dough but can’t seem to afford a new car, for example, might be spending a large chunk of their income on holidays, days out, food, pornography, hookers etc.
The “flash git” you see driving a brand new Merc might not be interested in holidays, he might fancy giving his missus one once in a while, and might prefer to shop at Aldi for the bare essentials instead of eating the finest foods.
Why are we putting people in boxes based on what car they drive? It’s painful!
Myself and my friend do the same job and earn the same money. He drives a new M4 and I drive an 08 focus estate.
The only common denominator is our job and salary. What we choose to spend it on and our lifestyles are different.
Is he better off than me driving the M4? No. Do people think he’s better off than me when they see him driving the M4? Yes.
It’s all b
ks, but this is PH and it’s about cars. Would I like an M4? Yes but I spend all of my money on my family and drive a wky focus estate.
The only common denominator is our job and salary. What we choose to spend it on and our lifestyles are different.
Is he better off than me driving the M4? No. Do people think he’s better off than me when they see him driving the M4? Yes.
It’s all b
ks, but this is PH and it’s about cars. Would I like an M4? Yes but I spend all of my money on my family and drive a wky focus estate. C0ffin D0dger said:
An observation on my part whilst driving around is seeing many more new high end cars on the road especially the luxury SUV type of things (Landrover Discos, Range Rovers, Evoques, Audi Q5/7, BMW X3/X5 etc.).
I live in an area with relatively (to the SE, anyway) good value housing and I've suddenly noticed various LandRover products (inc Velars), Q7s and XC90s appearing on peoples' drives locally. I'm beginning to wonder if they were part of a Euromillions syndicate I wasn't invited to!Thankyou4calling said:
SidewaysSi said:
£70k salary is not that much in some parts of the country anymore. Mortgage, travel, bills, maybe school fees etc all add up.
I am not envious in the least of anyone who has a new car to be honest.
But I probably spend a lot more than them on my old bangers!!
£70k is more than twice the average salary for London and three times UK so however you cut it, £70,000 is high.I am not envious in the least of anyone who has a new car to be honest.
But I probably spend a lot more than them on my old bangers!!
Edited by SidewaysSi on Tuesday 17th July 18:48
This.
I have an idea how much my "expensive" new car cost. Low to mid 40k. I have no idea how much it costs to service. I don't know what it'll be worth in X months time. The same goes for he car before, and the car before that.
I like the he car, like that its new and like the fact it gets changed often.
White goods? I'm not so sure. I can tell you how much the white goods I have cost. They are all also much older than my car.
It is indeed an odd world when you have 40-odd grands worth of Land Rover in your possession and you don't know much more about it's worth than that.
In contrast, I can give you chapter and verse on the costs of my 17 year old MGF from the tyres to the tonneau cover.
New cars are just a monthly cost like the council tax, broadband and English Heritage subscription.
It is a bit sad. I remember when my folks decided to buy a then new Volvo 940 Turbo. My Dad was making what for us was a reasonable financial outlay. His own money, so choosing the colour and paying for options like metallic paint was a big deal.
I got our last Land Rover via messenger while walking the dog.
The salesman who I know messaged to ask if I fancied a new car, - listed the spec etc - then offered me a monthly that was £30 less a month, so I did the deal. I was more concerned that I had enough dog s
t bags for the rest of the walk.I've had it since October and I've only washed it once. That's because a seagull shat all over it, so it got a whizz over with the jetwash. The old MGF at the same time got he old two bucket treatment and a going over with polish etc.
Though nice new cars are great to have, I do miss the days growing up in the 1970s and 80s when people treated cars like their pride and joy. The man down the road who lavished attention on his Cavalier Sports Hatch, or the neighbours who upgraded from a Cortina GL to a MK5 Ghia
But it is what it is. Should my next car be Corris Grey or Namib Orange? The difference to me will be a couple of quid a month.
Edited by Wildcat45 on Wednesday 18th July 07:24
swerni said:
berlintaxi said:
Thankyou4calling said:
SidewaysSi said:
£70k salary is not that much in some parts of the country anymore. Mortgage, travel, bills, maybe school fees etc all add up.
I am not envious in the least of anyone who has a new car to be honest.
But I probably spend a lot more than them on my old bangers!!
£70k is more than twice the average salary for London and three times UK so however you cut it, £70,000 is high.I am not envious in the least of anyone who has a new car to be honest.
But I probably spend a lot more than them on my old bangers!!
Edited by SidewaysSi on Tuesday 17th July 18:48
House prices are expensive so a mortgage can eat up over half net income on a £70K salary. Add in travel, running a car, perhaps nursery fees and a wife on maternity who earns f
k all and very quickly, things would be tricky.I don't want to get all Audemars here and yes, I appreciate against others in the country it is a lot, but in the grand scheme of things, even £70K is not that much. Of course if you live somewhere cheaper and aren't married etc, life would be much rosier.
More a reflection on the sad state of things to be honest.
Anyway, this has somewhat diverted the thread.
One thing that is amazing me at the moment is the number of those Range Rover SVR things on the road near me. I live in Bristol and I see at least 6 either parked out side houses or on the road on the quick trip to the school gates in the morning. All purple, some with a black wrap on the bonnet. These are £100k. This never use to be the case where I live.
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