mwg
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Registered: 19th Feb 04
Location: South Lakes
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Most people lease cars of any substantial value regardless of whether they could afford to buy it outright. It just works well for some people as long as you dont cripple yourself with the repayments.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
Theres guys at my work on £70k+ a year that still get laons & buy their cars on finance. It doesnt mean you cant afford it :doyle: 
Where have I said people can't afford it? Only a complete and utter fucktard would get a loan they couldnt possibly afford the repayments on..
My point is you are paying for something that is depreciating at an alarming rate, if you can afford the repayments then you can afford to save.. Sadly we are greedy humans and we want everything now.
People who are big earners tend to get expensive cars on PCP as a status symbol, that is also somethign else I cant fathom? Its like waving someone else cock?
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by DaveyLC
quote:
Originally posted by Colin
No one on here with a focus RS  If selling your car to fund your 1st house is a crime then I think you've just inciminated half the population
I can 150% afford my car, I just chose not to have an empty bank account because of it & put down what I wanted
ST or what ever it is !
My point is you might be able to 'afford' the repayments but your circumstances change and having that finance over you restricts what you can do.
I know you'll defend finance until you are blue in the face but I think people these days just want the easy way out..
Bottom line is If you can 'afford' the repayments you can 'afford' to save just got to use this thing call patience.
I agree partially with your comments Davy in the sence that nobody should be taking tick just to aquire something if they've not got 2 bob to rub together. But a lot of folk financing motors do so because their hard earned is better placed elsewhere. So long as theres a healthy mix between being smart & enjoying yourself before your an old fuck missery moneybags then I see no wrong.
Like I said theres workmates of mine that have plenty coin that finance brand new Porsches etc....there not daft though they know what their doing!!
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
I agree partially with your comments Davy in the sence that nobody should be taking tick just to aquire something if they've not got 2 bob to rub together. But a lot of folk financing motors do so because their hard earned is better placed elsewhere. So long as theres a healthy mix between being smart & enjoying yourself before your an old fuck missery moneybags then I see no wrong.
You can save and still have fun cars!
I've had LOADS of cars, 30+ mixture of sensible and mental, Only went down the finance route once (got a bank loan).
Currently got about £18k of vehicles sat outside my house, all paid for.. I earn a reasonable sallary but I also have a house to pay for! I just saved for what I want.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by DaveyLC
quote:
Originally posted by Colin
Theres guys at my work on £70k+ a year that still get laons & buy their cars on finance. It doesnt mean you cant afford it :doyle:
Where have I said people can't afford it? Only a complete and utter fucktard would get a loan they couldnt possibly afford the repayments on..
My point is you are paying for something that is depreciating at an alarming rate, if you can afford the repayments then you can afford to save.. Sadly we are greedy humans and we want everything now.
People who are big earners tend to get expensive cars on PCP as a status symbol, that is also somethign else I cant fathom? Its like waving someone else cock?
I bet around 80% of new cars sold in the UK have a finance package attached to them, if people saved then no one would buy cars & we wouldnt get any amazing 2nd hand deals....so stop complaining
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
I bet around 80% of new cars sold in the UK have a finance package attached to them, if people saved then no one would buy cars & we wouldnt get any amazing 2nd hand deals....so stop complaining
Very true, I like to cash in on other peoples stupidity 
But none the less our economy is cripled because of said stupidity! And thus my savings are earning me fuck all and there is a potential of us losing free banking in this country.
There are so many people who live in credit and see it as 'the norm', personally I would be ashmed !
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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So is a mortgage not a debt then?
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by mwg
So is a mortgage not a debt then?
Unless we turn into a socialist state overnight house prices allways eventually go up. Car's however become worthless.
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Colin
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Registered: 4th Apr 02
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Its the folk taking 100% loans on cars & 125% mortgages thats crippled our economy. Generally the financial markets if not mistreated is what makes our economy grow - though im not an economist so i'll stop there.
The problems lies with billy burberry in his council flat who doesnt work or if he does, struggles to make ends meet, wanting to 'keep up with the Jones's' And for some sickening reason for the past few decades its been alloeed to happen, fuck a year ago my dog could have trotted into Lloyds & came back out with a few grand secured against his kennel, the bank manager was just sitting behind his desk with a huge roll of 100's heald together with an elastic bank handing them out while jacking off at the same time about his next bonus.............thats what needs to change!!
If someone wants to pay £400 a month for their car however earns £4k a month then theres nothing at all wrong with that!!
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Ben J
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Registered: 31st Jan 05
Location: Cheshire
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I'd say personal loan. Just ring your bank and see what deal they can do for you and compare it to finance deals.
[Edited on 02-03-2010 by Ben J]
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FruitBooTeR
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Registered: 18th Jan 07
Location: Wolverhampton Drives: S15
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Personaly Im going down the personal loan route, when I purchase my VXR in the next few months I will have 50% + deposit to pay (6k+) I COULD wait and save and save till I get the full amount but what would be the point? Just so I can say to people 'look I saved for that'
No thanks id rather have it when I want, I am on a decent wage and have a secure job and can afford the monthly payments with ease, and IF for some unseen circumstances I loose my job then the car can be sold as the loan covers less than half the value.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
wanting to 'keep up with the Jones'
There is the problem RIGHT THERE.
Everyone wants nice things because it a) makes them feel good and b) they feel it will get them some kind of extra respect.
Deep down no one else REALLY gives a shit if you drive an old shitter or a brand new shiney car.
Walking into a dealership and buying a nice shiney new car on finance will make you feel amazing for about a month and all of your friends will say WOW check him out in his new car, he must have LOADS of money but in reality come the first payment you'll be thinking why the fuck did I do this? And even if you can more than afford the payment if anything happens in your life that requires you to spend out (in an emergency for instance) you'll be thinking "fucking loan payment".
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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quote:
Originally posted by DaveyLC
quote:
Originally posted by mwg
So is a mortgage not a debt then?
Unless we turn into a socialist state overnight house prices allways eventually go up. Car's however become worthless.
Yes I know that but you are still borrowing money hence its a debt? Shame on you.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by mwg
So is a mortgage not a debt then?
A mortgage is the worst debt ever yet so many people just surrender to is as 'oh well it unavoidable' or'everyones got one', while the interest accrew's daily!! Which is why i'll be concentrating on clearing mine asap instead of counting hundreds saved from buying a car cash i'll be counting ten's of thousands saved from being mortgage free.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by mwg
quote:
Originally posted by DaveyLC
quote:
Originally posted by mwg
So is a mortgage not a debt then?
Unless we turn into a socialist state overnight house prices allways eventually go up. Car's however become worthless.
Yes I know that but you are still borrowing money hence its a debt? Shame on you.
A house should be purchased as an investment.. You dont go and get a 100% mortgage on a 1 bedroom flat because you "must own your own home" and assume it will be worth a gazzillion quid in 10 minutes time
You put down a sensible deposit, you buy a house that is in a decent area etc. etc. so you are guarenteed a return in years to come. Sadly unless you are buying a future classic that cant really happen with a car.
[Edited on 02-03-2010 by DaveyLC]
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by FruitBooTeR
Personaly Im going down the personal loan route, when I purchase my VXR in the next few months I will have 50% + deposit to pay (6k+) I COULD wait and save and save till I get the full amount but what would be the point? Just so I can say to people 'look I saved for that'
No thanks id rather have it when I want, I am on a decent wage and have a secure job and can afford the monthly payments with ease, and IF for some unseen circumstances I loose my job then the car can be sold as the loan covers less than half the value.
Sensible man....pay the depreciation, then in 3yrs when your loans paid off you'll sell the car & probably get your £6k back - then repeat. 
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by Colin
wanting to 'keep up with the Jones'
There is the problem RIGHT THERE.
Everyone wants nice things because it a) makes them feel good and b) they feel it will get them some kind of extra respect.
Deep down no one else REALLY gives a shit if you drive an old shitter or a brand new shiney car.
Walking into a dealership and buying a nice shiney new car on finance will make you feel amazing for about a month and all of your friends will say WOW check him out in his new car, he must have LOADS of money but in reality come the first payment you'll be thinking why the fuck did I do this? And even if you can more than afford the payment if anything happens in your life that requires you to spend out (in an emergency for instance) you'll be thinking "fucking loan payment".
All flash & no cash
That is deffo the problem, I just hope banks gag back the borrowing to people who's finances run on hopes & dreams!!
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
All flash & no cash
That is deffo the problem, I just hope banks gag back the borrowing to people who's finances run on hopes & dreams!!
Exactly! I've got a real issue with people like that.. They are living in a dream world.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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The principle is still the same, you've borrowed money to buy something because you couldn't afford to or for what ever reason didn't want to buy outright.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by mwg
quote:
Originally posted by DaveyLC
quote:
Originally posted by mwg
So is a mortgage not a debt then?
Unless we turn into a socialist state overnight house prices allways eventually go up. Car's however become worthless.
Yes I know that but you are still borrowing money hence its a debt? Shame on you.
A house should be purchased as an investment.. You dont go and get a 100% mortgage on a 1 bedroom flat because you "must own your own home" and assume it will be worth a gazzillion quid in 10 minutes time
You put down a sensible deposit, you buy a house that is in a decent area etc. etc. so you are guarenteed a return in years to come. Sadly unless you are buying a future classic that cant really happen with a car.
[Edited on 02-03-2010 by DaveyLC]
Tell that to the folk that bought 2yrs ago, my mate stands to loose a cool £50k from his 'investment'.
Generally your right, house prices will always go up given time. Cars arnt bought on that assumption, mines just a toy to ammuse myself, the moneys written off. To most however their car is a means to be able to get from A to B to be able to earn a crust. But deffo you should always spend within your means!!
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
Tell that to the folk that bought 2yrs ago, my mate stands to loose a cool £50k from his 'investment'.
Generally your right, house prices will always go up given time. Cars arnt bought on that assumption, mines just a toy to ammuse myself, the moneys written off. To most however their car is a means to be able to get from A to B to be able to earn a crust. But deffo you should always spend within your means!!
EQUITY-FAIL!
This is why I have two motors, once thats cheap to buy and run plus reliable (supposed to be) that way if the shit hits the fan I can sell "the toy".
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Colin
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Registered: 4th Apr 02
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Certainly is, not so bad if you catch the fail coming out the other end & grab yourself a bargain though!
If it were me the V8 would be getting creamed about everywhere sticking 2 fingers up at the tree hugging brigade tbh!!
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
Certainly is, not so bad if you catch the fail coming out the other end & grab yourself a bargain though!
If it were me the V8 would be getting creamed about everywhere sticking 2 fingers up at the tree hugging brigade tbh!!
I'm trying to think of a funny sticker to have made up for the rear window, something that says "fuck you tree-huggers" but without being so vulgar
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Colin
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Registered: 4th Apr 02
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Something like a chainsaw with 'git it up ye' scrawled underneath would be a more subtle touch but still broadcast the same message!!
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Colin
Something like a chainsaw with 'git it up ye' scrawled underneath would be a more subtle touch but still broadcast the same message!!
I was thinking:
GLOBAL WARMING HERETIC
or
GREEN IS THE NEW RED <USSR hammer and sickle>
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