Rates up again = higher payments
Discussion
so Interest rates up again = higher monthly PCP, HP payments. Higher mortgages & less disposable income for people.
I think there will come a time in another few years where we will look back at this 10 year period and be astounded that folk were driving such expensive cars and earning so little!!
I think there will come a time in another few years where we will look back at this 10 year period and be astounded that folk were driving such expensive cars and earning so little!!
snowman123 said:
so Interest rates up again = higher monthly PCP, HP payments. Higher mortgages & less disposable income for people.
I think there will come a time in another few years where we will look back at this 10 year period and be astounded that folk were driving such expensive cars and earning so little!!
When the tide goes out we will see who has been swimming naked...I think there will come a time in another few years where we will look back at this 10 year period and be astounded that folk were driving such expensive cars and earning so little!!
WF36 said:
snowman123 said:
so Interest rates up again = higher monthly PCP, HP payments. Higher mortgages & less disposable income for people.
I think there will come a time in another few years where we will look back at this 10 year period and be astounded that folk were driving such expensive cars and earning so little!!
When the tide goes out we will see who has been swimming naked...I think there will come a time in another few years where we will look back at this 10 year period and be astounded that folk were driving such expensive cars and earning so little!!
If people could predict the market, people would make a killing and the market would disappear up it's own rear end.
If a 0.25% interest rate which has been on the cards for a good few years causes anyone any problems then they've over borrowed in the first place (extenuating circumstances such as health excepted). It's people that over borrow that cause price rises due to increase demand and get bailed out when everything goes tits up anyway. As someone who saves up till he can afford something, I say good, it's about bloody time.
If a 0.25% interest rate which has been on the cards for a good few years causes anyone any problems then they've over borrowed in the first place (extenuating circumstances such as health excepted). It's people that over borrow that cause price rises due to increase demand and get bailed out when everything goes tits up anyway. As someone who saves up till he can afford something, I say good, it's about bloody time.
Edited by hornmeister on Thursday 2nd August 15:22
Pintofbest said:
Apart from mortgages and maybe credit cards, why do you think things like an existing PCP will suddenly go up in price? Affordability I get, but PCH, PCP, HP are all pre agreed rates for the term surely?
New deals will go up when the rate takes effect In addition to this there is already alarm about the level of defaults and non payment . The rates will propably be increased for the banks to cover themselves
What a stupid idea anyway Take a business product available to companies that can reclaim the expenses , tax and vat . Repackage it for low income people that cant really afford it
jeremyh1 said:
Ha Ha Ha Ha Ha
Now we will see if they can actually afford their lifestyle
I knew their was a good reason why I run old paid for cars
I dont care I got no borrowed money I was paying a mortgage when it was 15 %
Happy Days !
Pistonheads: schadenfreude matters; spelling less so.Now we will see if they can actually afford their lifestyle
I knew their was a good reason why I run old paid for cars
I dont care I got no borrowed money I was paying a mortgage when it was 15 %
Happy Days !
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