What happened to genuinely posh cars and their targets?
Discussion
Another observation. Directed at those saying that people with accumulated wealth rather than high current earnings are cash poor. In most cases I think probably not, but they will have the attitude of "everything I spend now reduces the amount I have, or my children have in future". They seem to find the money for school fees, nannies, second homes abroad, shooting and so on. I'd suggest there is quite a large body of people out there who drive Range Rovers, E-class estates, Audi Allroads and the like that get bought new or nearly new, and run until repair bills start to get uncomfortable. Over a 7-10 year ownership period they probably spend less per month than people running multiple top end Golfs on a 3 year cycle of PCP deals.
Harry Flashman said:
Also electric cars as virtue signalling.
I mean, the mind boggles at the wilful ignorance and f
kwittery in display in that post. Truly boggles.
I agree, virtue signalling my arse. I have an electric Hyundai Kona because it’s an ideal run about, I can have it as a company car for near enough no tax, it costs about £5 to charge to do 240 miles and its quick as fI mean, the mind boggles at the wilful ignorance and f
kwittery in display in that post. Truly boggles. k. I also run a 4.4 V8 RR Vogue and V12 Aston Martin DBS and don’t give a toss what anyone thinks about my green credentials. Deep Thought said:
Which brings us back round to - dont have a world of cash to spend on depreciating assets like cars. Have land which they dont want to / cant sell because they are family heritage going back generations, have houses with ruinous running costs that again they likley cant / dont want to sell, so dont spend cash they dont have on cars?
Is that "shying away" from anything overly flashy, or back to your own point that they are more-often cash poor?
The cash poor thing is relative. The truly posh have assets worth vastly more than 99% of the population. They would have a high net worth just their assets would be worth a large fortune versus their cash reserves. It doesn’t make them poor by any means. Just because someone has a car on finance or whatever. They have nothing to prove to their wealthy status as they been like that for generations. Their cash / assets ratio thus is lower. As for having their cars mended with twine maybe that’s the odd one but they aren’t all like that. If they are show your data.Is that "shying away" from anything overly flashy, or back to your own point that they are more-often cash poor?
Edited by 161BMW on Monday 5th April 09:17
4Q said:
Harry Flashman said:
Also electric cars as virtue signalling.
I mean, the mind boggles at the wilful ignorance and fkwittery in display in that post. Truly boggles.
I agree, virtue signalling my arse. I have an electric Hyundai Kona because it’s an ideal run about, I can have it as a company car for near enough no tax, it costs about £5 to charge to do 240 miles and its quick as fI mean, the mind boggles at the wilful ignorance and f
kwittery in display in that post. Truly boggles. k. I also run a 4.4 V8 RR Vogue and V12 Aston Martin DBS and don’t give a toss what anyone thinks about my green credentials. 161BMW said:
Deep Thought said:
Which brings us back round to - dont have a world of cash to spend on depreciating assets like cars. Have land which they dont want to / cant sell because they are family heritage going back generations, have houses with ruinous running costs that again they likley cant / dont want to sell, so dont spend cash they dont have on cars?
Is that "shying away" from anything overly flashy, or back to your own point that they are more-often cash poor?
The cash poor thing is relative. The truly posh have assets worth vastly more than 99% of the population. They would have a high net worth just their assets would be worth a large fortune versus their cash reserves. It doesn’t make them poor by any means. Just because someone has a car on finance or whatever. They have nothing to prove to their wealthy status as they been like that for generations. Their cash / assets ratio thus is lower. As for having their cars mended with twine maybe that’s the odd one but they aren’t all like that. If they are show your data.Is that "shying away" from anything overly flashy, or back to your own point that they are more-often cash poor?
Deep Thought said:
Seems to always come up on a thread such as this (as it did on here) as soon as someone brings up "money shouts, wealth whispers" you get someone on about how they know some Duke / Lord / Aristocrat who drives about in some 25 year old Subaru / Volvo / Mercedes car held to get with tape / bailer twine / luck, so there must be many out there
Well, I know two such (both gentry rather than aristocrats) who routinely use vehicles that fit that description and furthermore vehicles that are so disgusting that even their dogs think twice about entering them. But I equally know quite a lot of posh boys (ex Guards, Cirencester and the like) who are by no means poor but who choose to tool around in relatively elderly but well maintained (and clean) Golfs and small Audis and the like, rather than the ‘Cheshire/ footballer’ vehicles discussed above.
I suspect it is as much about the right tool for the job as anything else.
psi310398 said:
Deep Thought said:
Seems to always come up on a thread such as this (as it did on here) as soon as someone brings up "money shouts, wealth whispers" you get someone on about how they know some Duke / Lord / Aristocrat who drives about in some 25 year old Subaru / Volvo / Mercedes car held to get with tape / bailer twine / luck, so there must be many out there
Well, I know two such (both gentry rather than aristocrats) who routinely use vehicles that fit that description and furthermore vehicles that are so disgusting that even their dogs think twice about entering them. But I equally know quite a lot of posh boys (ex Guards, Cirencester and the like) who are by no means poor but who choose to tool around in relatively elderly but well maintained (and clean) Golfs and small Audis and the like, rather than the ‘Cheshire/ footballer’ vehicles discussed above.
I suspect it is as much about the right tool for the job as anything else.
However its when that is wheeled out to justify the "wealth whispers" statement that it starts to wear a bit thin.
Yes, many people have specific cars for specific jobs. Many people also dont "get" cars. That happens in all walks of life.
Conversely many people with real money DO spend it on cars / boats / helicopters. Doesnt mean they're not wealthy or are trying to make a point or trying to prove something to others or "shouting" about it.
The evidence clearly shows that inter generational wealth disappears within 3 generations unless it is protected in discretionary trusts, off shore and other tax avoidance / shelter mechanisms.
Even then, it just becomes a slow process of ‘selling off the family silver’ to live; cash becomes scarcer and scarcer until there are no assets left.
So I’d say there’s evidence to prove that the posh of old are cash poor etc. The FT and the Economist have an article on this every couple of years.
Even then, it just becomes a slow process of ‘selling off the family silver’ to live; cash becomes scarcer and scarcer until there are no assets left.
So I’d say there’s evidence to prove that the posh of old are cash poor etc. The FT and the Economist have an article on this every couple of years.
It's manners, not money that really counts.
Regardless of how affordable it may or may not be anyone with decorum and refined manners would naturally shy away from flaunting their wealth with a vulgar display of automotive Bling, which of course leaves only those with coarse manners and entirely lacking in decorum to do the all flaunting.
This image presents itself wherever I encounter it.
Regardless of how affordable it may or may not be anyone with decorum and refined manners would naturally shy away from flaunting their wealth with a vulgar display of automotive Bling, which of course leaves only those with coarse manners and entirely lacking in decorum to do the all flaunting.
This image presents itself wherever I encounter it.
Jaguar steve said:
It's manners, not money that really counts.
Regardless of how affordable it may or may not be anyone with decorum and refined manners would naturally shy away from flaunting their wealth with a vulgar display of automotive Bling, which of course leaves only those with coarse manners and entirely lacking in decorum to do the all flaunting.
This image presents itself wherever I encounter it.
This is also what the cash poor landed gentry say to cover up for the fact that their grandfather was a swashbuckling entrepreneurial business tycoon who created millions and all they’ve achieved with all their privilege and jump start in life is 4uck all.Regardless of how affordable it may or may not be anyone with decorum and refined manners would naturally shy away from flaunting their wealth with a vulgar display of automotive Bling, which of course leaves only those with coarse manners and entirely lacking in decorum to do the all flaunting.
This image presents itself wherever I encounter it.
Btw grandad thought nothing of steaming down the outside lane of the Home Counties stretch of motorway bullying the Morris Minor’s and other assorted junk out if the way in his V8 powered Bentley / Range Rover / Roller.
Understated my 4rse it was a show of wealth (distribution) like any other.
[quote=Jaguar steve]It's manners, not money that really counts.
Regardless of how affordable it may or may not be anyone with decorum and refined manners would naturally shy away from flaunting their wealth with a vulgar display of automotive Bling, which of course leaves only those with coarse manners and entirely lacking in decorum to do the all flaunting.
This image presents itself wherever I encounter it. [/quo
Nail on the head again but these sentiments will be lost on most today in our vulgar, crass society. Class, by definition, has nothing to do with bank balance, circumstances of birth, perceived social standing etc but rather with actions and a set of values.
Regardless of how affordable it may or may not be anyone with decorum and refined manners would naturally shy away from flaunting their wealth with a vulgar display of automotive Bling, which of course leaves only those with coarse manners and entirely lacking in decorum to do the all flaunting.
This image presents itself wherever I encounter it. [/quo
Nail on the head again but these sentiments will be lost on most today in our vulgar, crass society. Class, by definition, has nothing to do with bank balance, circumstances of birth, perceived social standing etc but rather with actions and a set of values.
Interesting to read Alan Clark's motoring writings on this subject. After the war and into the fifties if you wanted a reliable, comfy car with decent performance you had very little choice in this country. Below the level of Rolls Royce and Bentley cars tended to be small, slow and badly built. People with money often imported US cars to be used as everyday transport.
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