Many New Luxury Cars on the Road - How?
Discussion
Camelot1971 said:
Some people spend £100 a week on nights out down the pub
Some people save £100 a week for a nice holiday every year
Some people spend £100 a week on things for their kids
Some people spend £100 a week on a new car
If you can afford it, who the **** are you to tell people what their priorities should be?
In the past I would agree with you but the borrowers and the lenders were the ones that caused the last ressession Some people save £100 a week for a nice holiday every year
Some people spend £100 a week on things for their kids
Some people spend £100 a week on a new car
If you can afford it, who the **** are you to tell people what their priorities should be?
The people spending the money down the pub did not cause the down turn
The people that went on holiday never caused the down turn
The people spending on their kids did not cause the down turn
The people borrowing contributed to the financial crash the most !
So when people a with lack of brains over stretch themselves it effects the rest of us
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!
Sold the house and bought a caravan so you could get that TVR? Hero!
Sold the wife into slavery so you could get that engine upgrade? Hero!
Nowadays it’s all different. It seems unless you’ve produced a spreadsheet of all your monthly outgoings demonstrating that you may be able to afford a shed, you may get acceptance.
At the end of the day, who cares? If they can’t afford it, so what? It’s not your problem and not your job to tell people how to live their lives.
Not this again!!!! It comes up every week, OP just try and understand that people earn more money than you/Have more wealth than you/are prepared to spend more money than you on what they want. (just choose one option or any combination of them)
Why do so many people obsess so much about what other people have or haven't got on this forum? It doesn't matter at all, no one of sound mind cares at all.
This place is full of weird.
Why do so many people obsess so much about what other people have or haven't got on this forum? It doesn't matter at all, no one of sound mind cares at all.
This place is full of weird.
Edited by Wills2 on Wednesday 18th July 09:33
SidewaysSi said:
We all have different wants, needs and priorities in life but where I am, £70k is not that much unfortunately.
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.
It has but as stated earlier, the average London salary is £35k so where are you that twice that isn't a lot? must be abroad.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.
There are plenty of people who drive expensive cars and have very nice houses yet have an income of well under £70k, you simply don't know there circumstances, too judgemental.
Deep Thought said:
Why wouldnt you seek to minimise the servicing costs on a car you're renting?
Minimising is one thing (e.g. ringing round dealers to get the best quote to maintain the asset you are leasing to manufacturer specifications, makes sense). Avoiding is another (e.g. resetting or manipulating service indicators before the car goes back to avoid a service bill). This could be anything from deliberately late first servicing (hoping to avoid a 2nd service altogether on a 3 year deal on a time basis) to blatant clocking. Thankfully lessors are getting wise to the skinflints. For example, when my wife picked up her Allroad, she had to sign an acknowledgement that should tyres need replacing, they would be of the same quality and specification. Makes total sense and is absolutely fair and reasonable.
Raygun said:
Bit concerning a few post from youngsters saying they would rather put extra money in their pension pot than run a flash car. Don't grow old too quick is my advice.
good advice.especially as pensions are run by those insurance companies that tannedbaldhead thinks will be at the end of the line when bubble bursts.
Flumpo said:
Shakermaker said:
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...
t bit of the south east) purchased in the last 10 years with less than 15% deposit. maclarkk said:
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
Or maybe he needs a big estate for work tools and equipment and the E Class happened to be so ridiculously cheap to finance it would have cost more to drive a more modest Skoda, Vauxhall, Ford and Toyota.Tannedbaldhead said:
I got a shockingly good deal on a pre-facelift E Class Estate back when the previous model was facelifted.
Huge discounts, cheap finance from Mercedes and a better than average residual meant my "flash" car was cheaper to lease than an Insignia, Mondeo, Passat, Avensis or Superb at that time.
Huge discounts, cheap finance from Mercedes and a better than average residual meant my "flash" car was cheaper to lease than an Insignia, Mondeo, Passat, Avensis or Superb at that time.
oldaudi said:
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.
I know exactly what you mean. I left Bristol last year and am now just outside of bath. I'm surprised I've not been run out of town by the locals for not having one! It's even worse than Bristol! Although the trend seems to be shifting towards top spec brand new amaroks and navaras. Which is just wonderful for the tight country roads around my way.The Surveyor said:
This is what I was going to post....
Maybe we're simply not as skint at the press and the 'Left' would have you think!
I suspect this is true in the SE. Maybe we're simply not as skint at the press and the 'Left' would have you think!
70k a year is sod all in the SE for someone with a mortgage (which is most people). It turns into 48K a year after tax for a single earner. Your mortgage could easily be £1500 a month, your travelcard is probably about three grand a year. Private schools are a ludicrous dream - one child at £37K a year taxed income is 75% of your take home.
I see the discrepancy in those occasional tables of "what career pays the most" - the only doctor I know on £70K a year is a GP who works 2 days a week.
Camelot1971 said:
Some people spend £100 a week on nights out down the pub
Some people save £100 a week for a nice holiday every year
Some people spend £100 a week on things for their kids
Some people spend £100 a week on a new car
If you can afford it, who the **** are you to tell people what their priorities should be?
The bit that grates with some is the one you missed off your list.Some people save £100 a week for a nice holiday every year
Some people spend £100 a week on things for their kids
Some people spend £100 a week on a new car
If you can afford it, who the **** are you to tell people what their priorities should be?
"Some people spend £50 a week on the above and £50 a week on saving, savings that will be taken by the government when they're old or dead".
jeremyh1 said:
In the past I would agree with you but the borrowers and the lenders were the ones that caused the last ressession
The people spending the money down the pub did not cause the down turn
The people that went on holiday never caused the down turn
The people spending on their kids did not cause the down turn
The people borrowing contributed to the financial crash the most !
So when people a with lack of brains over stretch themselves it effects the rest of us
Actually it was people giving out the loans on assets that were worth far less than they were mortgaged for and to people who couldn't afford the repayments that caused the crash.The people spending the money down the pub did not cause the down turn
The people that went on holiday never caused the down turn
The people spending on their kids did not cause the down turn
The people borrowing contributed to the financial crash the most !
So when people a with lack of brains over stretch themselves it effects the rest of us
Ultimate responsibility rested with the lender, not the borrower as it was the lenders prerogative to say yes or no.
It's a cultural thing: Brits like to spend. We're not like the saving Germans - we'd rather have luxury now than restrain ourselves. It's borne out in how few people have much money in the bank (I think I saw something that said 25% of the population don't have any savings).
I suspect there are a number of factors, but the inevitable "doing well" image is important for many.
As others have said, it's priorities and living in the now. I can easily* afford the monthlies on a Discovery or whatever, but actually I'm of an age where putting money away (into pension and savings) feels like more of a priority. That said I've just spent a huge amount extending and renovating our house, so the real priority is now paying down the mortgage.
I currently lease (just under £300 pcm) and Mrs OMITN has a car on PCP (also just under £300 pcm), though am increasingly drawn to the idea of a comfortable but bog standard s/h daily for commuting etc and something like an old Elise in the garage for fun).
I suspect there are a number of factors, but the inevitable "doing well" image is important for many.
As others have said, it's priorities and living in the now. I can easily* afford the monthlies on a Discovery or whatever, but actually I'm of an age where putting money away (into pension and savings) feels like more of a priority. That said I've just spent a huge amount extending and renovating our house, so the real priority is now paying down the mortgage.
I currently lease (just under £300 pcm) and Mrs OMITN has a car on PCP (also just under £300 pcm), though am increasingly drawn to the idea of a comfortable but bog standard s/h daily for commuting etc and something like an old Elise in the garage for fun).
- I tick plenty of the PH cliches, esp the powerfully built one unfortunately..!
schmalex said:
Some cars are cheaper to lease than you’d imagine. My wife’s just taken delivery of a brand new 5.0 Mustang GT. it only costs her £400 / month on a 0% finance deal. It’s £130 / month less than the stty Jag XE 2.0d she’s giving back next month.
It was a no brainer as it’s only about 70% of her monthly car allowance
Woah! Where's that from, Schmalex?tty Jag XE 2.0d she’s giving back next month. It was a no brainer as it’s only about 70% of her monthly car allowance
I've been keeping an eye on these and they're still above my 450/month cutoff by some margin, so I have been meaning to stick with another E class coupe AMG edition thingie - current one is 390/month on 15k pa.
troika said:
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.
Looking at your posts on this subject I think you have issues with all these plebs who "rent" their cars 
You sneer at people who are too poor, or are not (in your opinion) financially astute and so lease their cars.
Yet in the next breath you deride them for being "sad" or "skint" for not wanting to spunk £600 on a service on a car that's being returned the next month.
I reckon I can spot the person that's financially inept in this argument.
Not a luxury car by any means, but I pay roughly £200 a month for a lease fiat 500 for my other half as she does all the driving and takes the child to school and back everyday.
That also covers maintenance and 10k miles a year. Yes, I could have just bought a car and paid cash, but that £200 figure is exactly the same every month and I can afford it (it's less than 10% of my take home income), plus she gets a brand new car with no issues and no worries. If there are any it's all covered (could have been even cheaper but I didn't put that much down for initial payment).
I also own my own car that I drive on the weekends and wouldn't lease myself, but for someone in her situation its perfect.
That also covers maintenance and 10k miles a year. Yes, I could have just bought a car and paid cash, but that £200 figure is exactly the same every month and I can afford it (it's less than 10% of my take home income), plus she gets a brand new car with no issues and no worries. If there are any it's all covered (could have been even cheaper but I didn't put that much down for initial payment).
I also own my own car that I drive on the weekends and wouldn't lease myself, but for someone in her situation its perfect.
Edited by J2daG1990 on Wednesday 18th July 12:14
When the average rent for a house around my local area is £1800 per month it's no surprise that people think spending a quarter of that renting a car is reasonable value for money.
Apart from the next door neighbours who drive a battered Peugeot I think pretty much every car down the street is less than three years old and German and probably on PCP.
I wonder what will happen to car deals once Brexit kicks in as the import tariffs could easy add a lot onto the cost combined with an increase in interest rates it could spell the end of cheap leasing.
Apart from the next door neighbours who drive a battered Peugeot I think pretty much every car down the street is less than three years old and German and probably on PCP.
I wonder what will happen to car deals once Brexit kicks in as the import tariffs could easy add a lot onto the cost combined with an increase in interest rates it could spell the end of cheap leasing.
troika said:
Deep Thought said:
Why wouldnt you seek to minimise the servicing costs on a car you're renting?
Minimising is one thing (e.g. ringing round dealers to get the best quote to maintain the asset you are leasing to manufacturer specifications, makes sense). Avoiding is another (e.g. resetting or manipulating service indicators before the car goes back to avoid a service bill). This could be anything from deliberately late first servicing (hoping to avoid a 2nd service altogether on a 3 year deal on a time basis) to blatant clocking. Thankfully lessors are getting wise to the skinflints. For example, when my wife picked up her Allroad, she had to sign an acknowledgement that should tyres need replacing, they would be of the same quality and specification. Makes total sense and is absolutely fair and reasonable.
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