Performance parts paid on drip
Discussion
What these constant, snobbish threads fail to take into account is the difference between manageable debt and unmanageable debt.
If somebody has the means to service a debt, why not let them? Does anyone really car about how someone pays for something as long as they can afford to do so?
Your Bright House and payday loans are a different matter, and some would argue legalised loansharking, but if Demon Tweeks or whoever want to offer 12 months HP, does anyone really care?
Obviously modifying something you don't own is stupid, but we all know that.
If somebody has the means to service a debt, why not let them? Does anyone really car about how someone pays for something as long as they can afford to do so?
Your Bright House and payday loans are a different matter, and some would argue legalised loansharking, but if Demon Tweeks or whoever want to offer 12 months HP, does anyone really care?
Obviously modifying something you don't own is stupid, but we all know that.
This has been happening since I remember? People are usually quite discreet about it, but as everyone has said, each to their own.
We all have hobbys, as long as you have calculated your risk/debt and are able to service it, its just like an on going cost of a hobby. Letting the debt spiral out of control is a different problem - that puts you in degenerate gambler territory.
We all have hobbys, as long as you have calculated your risk/debt and are able to service it, its just like an on going cost of a hobby. Letting the debt spiral out of control is a different problem - that puts you in degenerate gambler territory.
Weekendrebuild said:
Should you buy it if it gives you money worries ? I see your point , but it’s not the way I was brought up an not the way I will teach my little lad to be . Christ I hated having a mortgage .
YOU HAD A MORTGAGE? Why were you buying a house that you clearly couldn’t afford? You should have lived with your parents until your late 50s and bought the house outright. Ridiculous behaviour.
Weekendrebuild said:
This wasn’t a rant about cars on hpi , it was about the amount of people interested in the pay monthly performance parts . I just found it odd that if you couldn’t afford to buy it , you would deem it so important as to get into debt for. What happened to saving up and enjoying the purchase
Why single out performance parts? Many car restorations are paid for bit by bit as work progresses. The owners, myself included, wouldn't be able to afford the final cost all in one lump. What's the difference?Baldchap said:
Obviously modifying something you don't own is stupid, but we all know that.
Depends what you do. Got friends who will do things like wheels, exhaust etc and put the standard stuff back on for handing the car back. Can then sell the bits too.When I leased a car I specifically asked the lease company about mods and was told as long as it came back standard they didn’t care.
There is obviously a limit with this such as the LLF chap.
berlintaxi said:
That sentence makes you look as financially naive as the people buying stuff you say they can't afford.
Does it ? It just affirms the fact I’ve never been keen on debt of any kind . Even the pretty much unavoidable. Not everyone has to borrow, some of us just earn it . In my line of work I see so many people swamped with credit debt loose everything faster than they can apply for a store card . I was just shocked at the amount of people applying for credit, with some random Facebook company for induction kits an turbos .
berlintaxi said:
Weekendrebuild said:
Christ I hated having a mortgage .
That sentence makes you look as financially naive as the people buying stuff you say they can't afford.I wish I'd taken a mortgage that was a bit of a stretch some years ago.
Weekendrebuild said:
Not everyone has to borrow, some of us just earn it .
Wow, like looking down on people, much? Plenty of people who earn way in excess of the average salary still use interest free credit to make purchases, why would you not?Debt is an issue when you can't service it, otherwise it can make sound economic sense.
berlintaxi said:
Wow, like looking down on people, much? Plenty of people who earn way in excess of the average salary still use interest free credit to make purchases, why would you not?
Debt is an issue when you can't service it, otherwise it can make sound economic sense.
Debt is an issue when you can't service it, otherwise it can make sound economic sense.
Your one of those people who likes to make assumptions from a sentence I see . No I don’t I actually take no enjoyment from seeing people’s life’s ruined by debt tho .
Weekendrebuild said:
companies on the book of faces offering performance parts on a weekly instalment basis . Am I just old ? or is this ridiculous. Cars on lease then 6k worth of bolt on s
t . ?? Be some interesting warranty claims
How do you know the cars are all on lease or pcp? Maybe they’ve been able to buy/pay off the car and want the new parts now? t . ?? Be some interesting warranty claims As long as people understand that buying on credit is often more expensive it’s not an issue. Because buying on credit also provides convenience for the consumer and helps keep businesses ticking over by bringing in buyers who would likely use their savings elsewhere.
I pay for my gym membership monthly does that mean I can’t afford it and should save up until I can buy my own gym? Should those who pay monthly for a rail season ticket save up to buy their own train? Not paying outright for things is a norm for many people, live your own life and allow others to make choices that they feel are right for them.
Salmonofdoubt said:
How do you know the cars are all on lease or pcp? Maybe they’ve been able to buy/pay off the car and want the new parts now?
As long as people understand that buying on credit is often more expensive it’s not an issue. Because buying on credit also provides convenience for the consumer and helps keep businesses ticking over by bringing in buyers who would likely use their savings elsewhere.
I pay for my gym membership monthly does that mean I can’t afford it and should save up until I can buy my own gym? Should those who pay monthly for a rail season ticket save up to buy their own train? Not paying outright for things is a norm for many people, live your own life and allow others to make choices that they feel are right for them.
As long as people understand that buying on credit is often more expensive it’s not an issue. Because buying on credit also provides convenience for the consumer and helps keep businesses ticking over by bringing in buyers who would likely use their savings elsewhere.
I pay for my gym membership monthly does that mean I can’t afford it and should save up until I can buy my own gym? Should those who pay monthly for a rail season ticket save up to buy their own train? Not paying outright for things is a norm for many people, live your own life and allow others to make choices that they feel are right for them.
I don’t, it was an example of one of the posters . I do like your rather extreme view
I’m not having a dig at anyone or pcp for that matter. I was just curious. Allso the repayments were in excess of 40% more for the item that’s if there’s no late fees on top . As you say each to there own , my view is equally valid . u33db said:
obviously its a fashion accessory
...and I think that is about sum of it where new cars are concerned. It's a race to the top as fast as you can now in order to look like you've made it, as young as possible to trump the next guy down the street/on Instagram/Youtube. Cheap finance has made that possible and people living at their family home longer with disposable income to cover it are all over it. No-one can blame people for taking up that opportunity honestly but social media has a lot to answer for in terms encouraging people to take on large sums of debt for really no apparent reason.Watches are the same, and a Rolex can be financed cheaply as well, so don't expect all those lads with Submariner's on a night out have actually stumped up the current going rate for them in one hit.
Before the finance bubble, finance was still around but you'd not get anywhere near the deals you get today. Instead, because most high end cars were out of reach due to the lack of tangible savings of most people, Max Power had its place for people modifying used cars with access to loans, or by buying parts bit by bit every month to turn something mundane into an accessory, an extension of their personality or a supercar beater. I knew two guys, one with an RX7 and another with an S14 Nissan that shipped their cars off to tuners for work and would dribble money in every month, paying for the next stage of the build. Those cars were easily away for 1-2yrs before they got them back. Due to above said finance bubble of today, modifying a 7yr old Corsa is not on anyone's radar anymore, even though the journey of turning one into something insanely fast would probably be cheaper long term and more fun.
I own a C63. I didn't mean to buy one 6yrs ago but I saw one at a dealership, the salesman started it up and I was sold on the noise. I had enough in savings to cover it but the low interest deal I was offered plus benefits (free servicing for 3yrs, tank of fuel and AMG driving day) over a 3yr period on PCP made it worth my while, and I didn't have to grenade all of my savings for it, instead laying down only my 1-Series (which I did save up for to buy outright once) as a deposit. 3yrs later, I had proven I had picked right as the car was worth thousands more than the balloon, so I paid it off with money I had been saving for 3yrs and the car was mine. I didn't modify the car until after these three years though, which was to keep my interest (admittedly which hadn't dwindled anyway, I still love it as much as the first day) and to improve it in areas I felt it lacked.
As undoubtedly my C63 is probably one of the most modified around, I am inundated weekly by messages from young lads (Ok, I'm actually not old either) asking how much X & Y cost, struggling themselves to pay the £3000 per year insurance as it is, plus running, plus finance etc, yet they want their car to be big and bad like mine at all cost, just for street cred. I just feel like most of the time telling them to stop it, sell it and get into something older they can build...or buy a damn house.
Julian Thompson said:
I sell stuff like car speakers and amplifiers through a website. I use PayPal as my payment gateway, and as part of that they are kind enough to populate my site with a “Paypal credit” facility. There are a very good number of clients who choose to check out using PPC - I cant get the current run rate off my mobile phone but I seem to recall around 10% of sales being made in this way, last time I checked.
I use PayPal Credit sometimes and recently i've used it to buy some modifications for my car.. it's not on finance, don't worry chaps.0% over 4 months, but I normally pay it off before then, easy to use and manage through the PayPal app.
Joey Deacon said:
Didn't Halfords used to sell wheels and tyres on finance back in the Max Power days?
Yup, i used to sell it. Back then it was all paperwork, then a call to see if they were accepted, which almost 50% of the time they were not. I absolutely hated that part of the job. You could spot right away the ones that were going to get refused, but you had to spend 30 mins or so on forms, and 10 mins on the phone before you reached the inevitable tantrum. Whilst this was all going on there was still a queue of customers just wanting served.
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