Will Coronavirus hit used car prices?

[Deep Thought]

gizlaroc said:

Wills2 said:

There is enough PCP debt out there to bankrupt the big three German brands if is goes wrong, Merkel would have to bail them out.

She is not allowed to bail them out though.

I see they're bailing out TUI?

[warp9]

Deep Thought said:

BrabusMog said:

I'm the only one out of my RRS owning friends that actually paid my cash for the car up front as I am intending on keeping it forever, there are 3 others in my friendship group that have one and one has a FFRR on tick and has just been furloughed. I suspect this is the norm and there are going to be some squeaky bums! We also ticked a shopping cart for my missus this month but £215 a month isn't breaking the bank at the moment luckily!

Ironically hes probably better off on his 80% now than if he was working and paying for commuting costs, fuel, going out, etc, etc.

Not if he was taking home £5k per month

[Deep Thought]

warp9 said:

Deep Thought said:

BrabusMog said:

I'm the only one out of my RRS owning friends that actually paid my cash for the car up front as I am intending on keeping it forever, there are 3 others in my friendship group that have one and one has a FFRR on tick and has just been furloughed. I suspect this is the norm and there are going to be some squeaky bums! We also ticked a shopping cart for my missus this month but £215 a month isn't breaking the bank at the moment luckily!

Ironically hes probably better off on his 80% now than if he was working and paying for commuting costs, fuel, going out, etc, etc.

Not if he was taking home £5k per month

Indeed yes, i forgot about the cap on it

[crosseyedlion]

Vroomer said:

Give one example of a European government failing since WWII.

Give one example of a pandemic causing a complete global shutdown for months since ww2?

[gizlaroc]

kharma45 said:

State aid rules have been changed significantly, so she could

https://ec.europa.eu/commission/presscorner/detail...

That is good news.

It is shame that it takes a pandemic and for it to effect everyone for them to allow this, this is one of the EU rules that seemed bonkers to me.

Every country needs to be able to give financial support to businesses in times of need to protect their economy and their people.

Strange that something so awful may well see the EU project slip back to what it should have been in the first place. Fingers crossed.

[R.Sole]

Vroomer said:

Deep Thought said:

Ironically hes probably better off on his 80% now than if he was working and paying for commuting costs, fuel, going out, etc, etc.

I think you've forgotten the £2500 pm salary cap

And I think there is tax and NI to come off the £500pw also!

[Deep Thought]

R.Sole said:

Vroomer said:

Deep Thought said:

Ironically hes probably better off on his 80% now than if he was working and paying for commuting costs, fuel, going out, etc, etc.

I think you've forgotten the £2500 pm salary cap

And I think there is tax and NI to come off the £500pw also!

Good points well made by you both - i hadnt had my first coffee when i typed it.

[anonymous-user]

crosseyedlion said:

Vroomer said:

Give one example of a European government failing since WWII.

Give one example of a pandemic causing a complete global shutdown for months since ww2?

Greece, they were lucky they got bailed out. The same might not be possible at the moment.

On the pandemic front, we have been lucky this hasn't happened more often. We have dodged a lot of bullets all man made from nuclear power, factory farming, globalisation, homogenisation. At some point they will all throw their cards, if they haven't already and we haven't seen it. The biggest being Chernobyl thus far that we have seen.

Make no mistake, we are at the mouth of a rabbit hole of greed, the hippies were right about a few things. This virus is but a small weapon in our planets arsenal.

Edited by Lord-Haggis on Wednesday 1st April 10:24

[R.Sole]

Deep Thought said:

R.Sole said:

Vroomer said:

Deep Thought said:

Ironically hes probably better off on his 80% now than if he was working and paying for commuting costs, fuel, going out, etc, etc.

I think you've forgotten the £2500 pm salary cap

And I think there is tax and NI to come off the £500pw also!

Good points well made by you both - i hadnt had my first coffee when i typed it.

Also many small companies that furloughed staff because they were told the government would cover it did nor realise it may be not until the end of April and by that time they will be out of cash and the staff will not get anything and they will be 4 weeks further down the line in getting benefits.

[Vroomer]

Vroomer said:

Sa Calobra said:

Governments can and do fail with no money to pay staff and any money paid make be worthless if inflation is rampant.

Give one example of a European government failing since WWII.

crosseyedlion said:

Vroomer said:

Give one example of a European government failing since WWII.

Give one example of a pandemic causing a complete global shutdown for months since ww2?

I haven't got one, why did you think I had? Sa Calobra's statement was "Governments can and do fail", so I asked for an example.

[So]

R.Sole said:

Deep Thought said:

R.Sole said:

Vroomer said:

Deep Thought said:

Ironically hes probably better off on his 80% now than if he was working and paying for commuting costs, fuel, going out, etc, etc.

I think you've forgotten the £2500 pm salary cap

And I think there is tax and NI to come off the £500pw also!

Good points well made by you both - i hadnt had my first coffee when i typed it.

Also many small companies that furloughed staff because they were told the government would cover it did nor realise it may be not until the end of April and by that time they will be out of cash and the staff will not get anything and they will be 4 weeks further down the line in getting benefits.

The government does seem to be big on making these "unprecedented announcements" and then not delivering on them.

Businesses, self-employed included, need money NOW in many cases.

Does anyone know why the government is delaying payment?

[Vroomer]

So said:

The government does seem to be big on making these "unprecedented announcements" and then not delivering on them.

Businesses, self-employed included, need money NOW in many cases.

Does anyone know why the government is delaying payment?

Because it's very, very complicated. And it's taxpayers' money they are giving away, it doesn't come from a mysterious pot.

[So]

Vroomer said:

So said:

The government does seem to be big on making these "unprecedented announcements" and then not delivering on them.

Businesses, self-employed included, need money NOW in many cases.

Does anyone know why the government is delaying payment?

Because it's very, very complicated. And it's taxpayers' money they are giving away, it doesn't come from a mysterious pot.

Do you know for sure that it's the complexity? And what was the purpose of the "mysterious pot" comment? We know it's taxpayers' money, but government appears to be making promises and not delivering on them within a relevant time frame.

[Limpet]

So said:

government appears to be making promises and not delivering on them within a relevant time frame.

Standard political modus operandi.

among my admittedly limited family and social circle, I don't know a private sector employer that isn't taking advantage of this scheme to some extent, so the ramifications of any 'misunderstanding' will be enormous.

[anonymous-user]

Deep Thought said:

R.Sole said:

Vroomer said:

Deep Thought said:

Ironically hes probably better off on his 80% now than if he was working and paying for commuting costs, fuel, going out, etc, etc.

I think you've forgotten the £2500 pm salary cap

And I think there is tax and NI to come off the £500pw also!

Good points well made by you both - i hadnt had my first coffee when i typed it.

And pension contributions.

[anonymous-user]

Vroomer said:

Give one example of a European government failing since WWII.

Russia. They defaulted on their sovereign bonds.

The majority of the old Soviet union was a complete basket case for decades when it fell apart.

[anonymous-user]

gizlaroc said:

That is good news.

It is shame that it takes a pandemic and for it to effect everyone for them to allow this, this is one of the EU rules that seemed bonkers to me.

Every country needs to be able to give financial support to businesses in times of need to protect their economy and their people.

Strange that something so awful may well see the EU project slip back to what it should have been in the first place. Fingers crossed.

So much for the EU level playing field rules being worth anything when the real world catches up with the eurocrats.

[SidewaysSi]

Huge disconnect from Johnson's mouth and the workings of the civil service to make things happen.

[So]

SidewaysSi said:

Huge disconnect from Johnson's mouth and the workings of the civil service to make things happen.

I said this on another thread this morning and was jumped on, because "it's very difficult and it's taxpayers' money".

But I agree, the action is not matching the rhetoric at present.

[Sa Calobra]

SidewaysSi said:

Huge disconnect from Johnson's mouth and the workings of the civil service to make things happen.

How would you do it?

Fast moving unprecedented times outside of a world war. Something you say takes more than a few weeks to set up. If you rush you lose checks and balances. There's a huge risk of fraud.

Some people now want their commission paying (something that's not even guaranteed contractually) - how do you please every man and makes changes that takes thousands of people to enact?

For instance the covid fines and the mechanics of this are still being ironed out in some forces.