Glad I had my Range Rover on the beach today...
Discussion
popeyewhite said:
berlintaxi said:
spending 90% of their monthly income on a car, if such people even exist, would be spending every spare 5 minutes polishing it, whereas your claim is they just wreck them...........confused.
No need to be confused, that's just your extreme interpretation of what I wrote.JimSuperSix said:
The "stupid people" as you put it are those who buy everything on finance so they can have it right now, and in doing so take themselves way beyond their means and with no escape route when / if it all goes wrong. Use it wisely and thats fine, sadly too many people are unable to do this and instead get themselves into all sorts of problems.
People being stupid doesn't make credit stupid. Plenty of people who could buy their motor many times over choose to fund it with credit, as it suits them better and is/or financially advantageous.Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
berlintaxi said:
popeyewhite said:
berlintaxi said:
spending 90% of their monthly income on a car, if such people even exist, would be spending every spare 5 minutes polishing it, whereas your claim is they just wreck them...........confused.
No need to be confused, that's just your extreme interpretation of what I wrote.Rawwr said:
lyonspride said:
Pratt?
It's just finance/credit my a marketable name.
Wait til your made redundant and then see just how much you "own" that car.
If I was made redundant, I'd just keep making the payments. I'd make the payments out of the cash I have in the bank. The cash is in the bank because I didn't spunk it on a major purchase. It's just finance/credit my a marketable name.
Wait til your made redundant and then see just how much you "own" that car.
I had a Focus ST on PCP which came to an end last month. I now own the car. I purchased it. I purchased it based on a contract to purchase it. I personally purchased it based on a contract.
Fear not, though. The ST is disappearing in a couple of weeks and I'll have a whole new PCP setup for my new Focus.
I really don't understand why anyone would pay cash for something when they can dribble pay it on 0% finance.
popeyewhite said:
berlintaxi said:
popeyewhite said:
berlintaxi said:
spending 90% of their monthly income on a car, if such people even exist, would be spending every spare 5 minutes polishing it, whereas your claim is they just wreck them...........confused.
No need to be confused, that's just your extreme interpretation of what I wrote.
janesmith1950 said:
People being stupid doesn't make credit stupid. Plenty of people who could buy their motor many times over choose to fund it with credit, as it suits them better and is/or financially advantageous.
Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I didn't realise people were allowed to talk sense in this thread! Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I -was- planning to pay for my XE retirement toy cash, but when I was offered a couple of grand of "dealer contribution" off the already discounted price for having it on 0% finance with zero deposit, a quick mental calculation told me how many extra tanks of petrol I could buy before it was paid off
OK, so my parents timing was great, arranging for me to retire just as the car I was looking to buy was coming up for a facelift,
so there were silly deals on pre-facelift builds, but can someone explain why the stupid option is the one that gets me more fuel in the tank for the same total spend? 
Over the years I've bought cars for cash and on finance - it is a case of what is appropriate at the time, neither is inherently better or worse without knowing all the circumstances.
Check the details, and do what gives you the best fun for the money, and ignore people like LP
Gojira said:
janesmith1950 said:
People being stupid doesn't make credit stupid. Plenty of people who could buy their motor many times over choose to fund it with credit, as it suits them better and is/or financially advantageous.
Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I didn't realise people were allowed to talk sense in this thread! Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I -was- planning to pay for my XE retirement toy cash, but when I was offered a couple of grand of "dealer contribution" off the already discounted price for having it on 0% finance with zero deposit, a quick mental calculation told me how many extra tanks of petrol I could buy before it was paid off
OK, so my parents timing was great, arranging for me to retire just as the car I was looking to buy was coming up for a facelift,
so there were silly deals on pre-facelift builds, but can someone explain why the stupid option is the one that gets me more fuel in the tank for the same total spend? Over the years I've bought cars for cash and on finance - it is a case of what is appropriate at the time, neither is inherently better or worse without knowing all the circumstances.
Check the details, and do what gives you the best fun for the money, and ignore people like LP
There are no discounts to be had with car dealerships, it's all sales technique and psychology. If you think your getting a deal, even if your not, you'll buy the car, sometimes even if you know full well you've been had.
Rawwr said:
So what would you do in my position?
The car MSRP is £27,880.
The price from CarWow was £23,400.
I finally agreed to purchase at £22,500 with a £5,000 deposit, balloon of £10,147 and 36 payments of £205.
Should I have tried to haggle for an even better deal for cash?
Assuming I could have got a better deal for cash, how much better would you expect it to be?
With that new amazing deal, should I have then taken £22,000 out of the bank and bought the car outright?
Tell me where I've gone wrong.
If you'd paid cash it wouldn't get stuck on a beachThe car MSRP is £27,880.
The price from CarWow was £23,400.
I finally agreed to purchase at £22,500 with a £5,000 deposit, balloon of £10,147 and 36 payments of £205.
Should I have tried to haggle for an even better deal for cash?
Assuming I could have got a better deal for cash, how much better would you expect it to be?
With that new amazing deal, should I have then taken £22,000 out of the bank and bought the car outright?
Tell me where I've gone wrong.
lyonspride said:
Gojira said:
janesmith1950 said:
People being stupid doesn't make credit stupid. Plenty of people who could buy their motor many times over choose to fund it with credit, as it suits them better and is/or financially advantageous.
Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I didn't realise people were allowed to talk sense in this thread! Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I -was- planning to pay for my XE retirement toy cash, but when I was offered a couple of grand of "dealer contribution" off the already discounted price for having it on 0% finance with zero deposit, a quick mental calculation told me how many extra tanks of petrol I could buy before it was paid off
OK, so my parents timing was great, arranging for me to retire just as the car I was looking to buy was coming up for a facelift,
so there were silly deals on pre-facelift builds, but can someone explain why the stupid option is the one that gets me more fuel in the tank for the same total spend? Over the years I've bought cars for cash and on finance - it is a case of what is appropriate at the time, neither is inherently better or worse without knowing all the circumstances.
Check the details, and do what gives you the best fun for the money, and ignore people like LP
There are no discounts to be had with car dealerships, it's all sales technique and psychology. If you think your getting a deal, even if your not, you'll buy the car, sometimes even if you know full well you've been had.
I know what I went in expecting to pay, having checked other places than main dealers, and they genuinely offered me a better deal.
It may not suit your bitter view of the world, but tough...
Gojira said:
lyonspride said:
Gojira said:
janesmith1950 said:
People being stupid doesn't make credit stupid. Plenty of people who could buy their motor many times over choose to fund it with credit, as it suits them better and is/or financially advantageous.
Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I didn't realise people were allowed to talk sense in this thread! Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
I -was- planning to pay for my XE retirement toy cash, but when I was offered a couple of grand of "dealer contribution" off the already discounted price for having it on 0% finance with zero deposit, a quick mental calculation told me how many extra tanks of petrol I could buy before it was paid off
OK, so my parents timing was great, arranging for me to retire just as the car I was looking to buy was coming up for a facelift,
so there were silly deals on pre-facelift builds, but can someone explain why the stupid option is the one that gets me more fuel in the tank for the same total spend? Over the years I've bought cars for cash and on finance - it is a case of what is appropriate at the time, neither is inherently better or worse without knowing all the circumstances.
Check the details, and do what gives you the best fun for the money, and ignore people like LP
There are no discounts to be had with car dealerships, it's all sales technique and psychology. If you think your getting a deal, even if your not, you'll buy the car, sometimes even if you know full well you've been had.
I know what I went in expecting to pay, having checked other places than main dealers, and they genuinely offered me a better deal.
It may not suit your bitter view of the world, but tough...
Still, at least you can park your car by the sea without it rotting away before the car park ticket runs out
WestyCarl said:
Don't worry about it, just accept that because you don't drive some home-built rattly plastic bathtub you're not a car enthusiast so can't be right
Still, at least you can park your car by the sea without it rotting away before the car park ticket runs out
True, that last bit Still, at least you can park your car by the sea without it rotting away before the car park ticket runs out
lyonspride said:
There are no discounts to be had with car dealerships, it's all sales technique and psychology. If you think your getting a deal, even if your not, you'll buy the car, sometimes even if you know full well you've been had.
Where do you get this stuff from? Some people get better deals than others. Usually the ones willing to commit to a finance deal, even if they tear it up a few hours after taking delivery. Also usually the ones that cross shop and put the leg and mouth work in.BRR said:
Rawwr said:
So what would you do in my position?
The car MSRP is £27,880.
The price from CarWow was £23,400.
I finally agreed to purchase at £22,500 with a £5,000 deposit, balloon of £10,147 and 36 payments of £205.
Should I have tried to haggle for an even better deal for cash?
Assuming I could have got a better deal for cash, how much better would you expect it to be?
With that new amazing deal, should I have then taken £22,000 out of the bank and bought the car outright?
Tell me where I've gone wrong.
If you'd paid cash it wouldn't get stuck on a beachThe car MSRP is £27,880.
The price from CarWow was £23,400.
I finally agreed to purchase at £22,500 with a £5,000 deposit, balloon of £10,147 and 36 payments of £205.
Should I have tried to haggle for an even better deal for cash?
Assuming I could have got a better deal for cash, how much better would you expect it to be?
With that new amazing deal, should I have then taken £22,000 out of the bank and bought the car outright?
Tell me where I've gone wrong.
made me laugh. 
janesmith1950 said:
JimSuperSix said:
The "stupid people" as you put it are those who buy everything on finance so they can have it right now, and in doing so take themselves way beyond their means and with no escape route when / if it all goes wrong. Use it wisely and thats fine, sadly too many people are unable to do this and instead get themselves into all sorts of problems.
People being stupid doesn't make credit stupid. Plenty of people who could buy their motor many times over choose to fund it with credit, as it suits them better and is/or financially advantageous.Abuse of credit makes the merry go round stop once in a while. Without credit the merry go round would likely never get going in the first place.
BRR said:
Rawwr said:
So what would you do in my position?
The car MSRP is £27,880.
The price from CarWow was £23,400.
I finally agreed to purchase at £22,500 with a £5,000 deposit, balloon of £10,147 and 36 payments of £205.
Should I have tried to haggle for an even better deal for cash?
Assuming I could have got a better deal for cash, how much better would you expect it to be?
With that new amazing deal, should I have then taken £22,000 out of the bank and bought the car outright?
Tell me where I've gone wrong.
If you'd paid cash it wouldn't get stuck on a beachThe car MSRP is £27,880.
The price from CarWow was £23,400.
I finally agreed to purchase at £22,500 with a £5,000 deposit, balloon of £10,147 and 36 payments of £205.
Should I have tried to haggle for an even better deal for cash?
Assuming I could have got a better deal for cash, how much better would you expect it to be?
With that new amazing deal, should I have then taken £22,000 out of the bank and bought the car outright?
Tell me where I've gone wrong.
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