oba-corsa
Premium Member
Registered: 31st Oct 05
Location: Dont Be Nosey!!!!!!!
User status: Offline
|
I have no finance, loans or debts and never will if I don't have the cash I don’t buy it simple.
I save a % of my wages and I have around 15 weeks off work a year that I spend fixing damage repairable vehicles that I just put 1/2 back into cars and 1/4 into materials and other 1/4 into my savings.
|
DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
|
quote:
Originally posted by corsa120
well if thats ur view dave why do you buy clothes when u could just be naked???..... so dave you never buy anything that serves no purpose like a magazine u must not because that would abe a waste of money which would be better spent on a mortgage.....
technically you are correct in some ways i should have kept my old car there was nothing wrong with it, and WHO SAYS THERE IS SOMETHING WRONG WITH WANTING SOMETHING end of the day we are only here once and i dont want to look back and regret it saying to myself i wish i bought that m3 and not kept this rusty old escort..
i disagree about my house being an investement too its a loan no matter how you look at it, and dave lets just hope you are saving for your house and dont have a mortgage cosw that would make you a hypocrite
I buy things I don't need all the time.... .....with cash.
|
N16K
Member
Registered: 4th Oct 04
Location: Belfast, NI Drives: Corsa D SRi, Tuned Cooper S, B
User status: Offline
|
quote:
Originally posted by DaveyLC
Agreed a mortgage is an investment.. Buying a car (unless its a collectors item) is totally the opposite.
The world knows that property as an investment has proved to be infallible in recent economic history  oh wait! Everything has a risk!
[Edited on 24-06-2012 by N16K]
|
DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
|
Because no one make money on property and everyone makes money on cars?
|
N16K
Member
Registered: 4th Oct 04
Location: Belfast, NI Drives: Corsa D SRi, Tuned Cooper S, B
User status: Offline
|
quote:
Originally posted by DaveyLC
Because no one make money on property and everyone makes money on cars?
Read what I wrote, when do I say money is made on cars?
|
Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
|
Too many millionaires on this site. Or complete bullshitting fakers. 2nd one is more likely.
|
N16K
Member
Registered: 4th Oct 04
Location: Belfast, NI Drives: Corsa D SRi, Tuned Cooper S, B
User status: Offline
|
quote:
Originally posted by Nic Barnes
Too many millionaires on this site. Or complete bullshitting fakers. 2nd one is more likely.
|
A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
|
quote:
Originally posted by Matt L
quote:
Originally posted by A2H GO
Even if I had the money in the bank that I'd saved for a long time, I wouldn't buy a car outright. I'd still have a low interest loan and have the money sitting in the bank.
that seems the oddest mentality to me ever tbh, why would you pay for money you already have?
Because I can comfortably afford the payments and like to have the lump sum should I need it.
|
DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
|
Bottom line is, if you save the money to buy something its paid for. Finance is just a never ending spiral and theres nothing worse than owing more for something thats worth less than you owe!
|
Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
|
everything pretty much you buy even for cash is worth less than it cost you dave. ridiculous statement.
|
DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
|
Yes it is, so 'spreading the payment' is a fools game. Most people simply need a lesson in patience and self control.
|
Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
|
"most" people are not internet millionaires.....
|
Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
|
quote:
Originally posted by DaveyLC
Yes it is, so 'spreading the payment' is a fools game. Most people simply need a lesson in patience and self control.
So if you lived in the middle of nowhere and got some high paying job but didn't own a car or have the funds to buy something reliable - are you saying it would be stupid to borrow the money to buy such a car even though you could have it paid off relatively quickly? 
|
baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
|
Finance should be last option in any circumstance IMO . I think people who decide to get loans for cars or holidays etc and pay a large percentage interest are crackers . But it's upto individual what they do with money . I've always believed in saving for what you want . I think credit and finance are a very bad move
[Edited on 24-06-2012 by baza31]
|
Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
|
i disagree. the person that can easily afford 150 a month to pay for a new small average car is better off doing that than waiting 4 months to buy an old piece of shit car that if it goes wrong they could never afford to fix. its the circumstances surrounding it all. not everyone, apart from 99% of this website are millionaires.
|
Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
|
I agree with Nic. There are plenty of people out there using finance to their advantage, both in the short and long term.
Those who only ever buy things with cash need to open their eyes to the alternatives. At the end of the day we all have choices.
|
baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
|
Ever heard of the term living within your means? If you can't afford something which if you have to borrow you can't don't buy it. When you can afford it do buy it . Only difference is patience , which 99% of the time people in non compulsory debt don't have any
|
Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
|
Funnily enough I have heard of living within your means. Sadly IMO your view is blinkered.
|
Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
|
quote:
Originally posted by baza31
Ever heard of the term living within your means? If you can't afford something which if you have to borrow you can't don't buy it. When you can afford it do buy it . Only difference is patience , which 99% of the time people in non compulsory debt don't have any
thats wrong completely. living within your means to afford finance on a new average priced car, which could then reliably get you to a job, which earns you money is far more beneficial than buying an old piece of shit and not being able to earn the money as the car is fucked.
i really wish, and i mean really, i earned 10% of the average wages people on this website "claim" they do ffs. id be fuckin loaded wiping my arse with copies of harry potter books.
|
baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
|
quote:
Originally posted by Pop
Funnily enough I have heard of living within your means. Sadly IMO your view is blinkered.
Yes your probably right . Like I said above it's my opinion and what's worked for me. I honestly dont see the need to get in debt for materialistic things like cars. You can get a car for a grand tax n tested that would suffice. Cars are a luxury and cost money to run, if you can't afford to run a car then don't own one . If you want a nicer car work and save , put the money away the repayments would cost and at then once saved buy the car . There is no need at all to get in unnecessary debt if you have patience.
|
JonnyJ
Member
Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
|
Cars arent always a luxury.
You could buy one for a grand but if you need a reliable car its a bit risky. Some people prefer hassle free motoring and a new car with a warranty but don't have 10k sat doing nothing in thier account but do earn a wage that could easily afford the monthly payments. What's the issue?
|
Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
|
Baza - would you consider finance if you had the money sat in your account to pay for the car outright? It might sound crazy but many finance flat rates are very similar to those of an ISA, even in today's economic climate. It means you have the financial security of having your money still accessible should you need it eg. Boiler breaking etc and you have the added benefits that come with financing a vehicle eg. The rule of halves and thirds.
[Edited on 24-06-2012 by Pop]
|
Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
|
quote:
Originally posted by baza31
quote:
Originally posted by Pop
Funnily enough I have heard of living within your means. Sadly IMO your view is blinkered.
Yes your probably right . Like I said above it's my opinion and what's worked for me. I honestly dont see the need to get in debt for materialistic things like cars. You can get a car for a grand tax n tested that would suffice. Cars are a luxury and cost money to run, if you can't afford to run a car then don't own one . If you want a nicer car work and save , put the money away the repayments would cost and at then once saved buy the car . There is no need at all to get in unnecessary debt if you have patience.
i live in the country. without a car i cannot get to work. bus services would involve 2 separate busses, and at completely different times as the one leaving my village gets into the city centre 15 mins before i stat work. then its a 5 minute wait for the bus to the area my work is in, which arrives after stops after I'm supposed to start. the route home is similar, and the bus stop is a 2 mile walk from my house. a week it would cost me probably about the same in bus fares as it does diesel. i cannot get to work without a car. a cheap wrecker of a car isn't exactly an option, as it makes no sense. not everyone is in the same situation, or live within sneezing distance of a place of employment. this is why there is some much internet millionaire bullshit surrounding threads like this.
IMHO.
|
baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
|
quote:
Originally posted by Nic Barnes
quote:
Originally posted by baza31
Ever heard of the term living within your means? If you can't afford something which if you have to borrow you can't don't buy it. When you can afford it do buy it . Only difference is patience , which 99% of the time people in non compulsory debt don't have any
thats wrong completely. living within your means to afford finance on a new average priced car, which could then reliably get you to a job, which earns you money is far more beneficial than buying an old piece of shit and not being able to earn the money as the car is fucked.
i really wish, and i mean really, i earned 10% of the average wages people on this website "claim" they do ffs. id be fuckin loaded wiping my arse with copies of harry potter books.
How do you work that out? What does an expensive car do compared to a cheap affordable car? Just because it's cheap it doesn't just not take you to work. If it's a necessity like I've said then fair enough but 99% it's impatience .
|
Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
|
quote:
Originally posted by baza31
quote:
Originally posted by Nic Barnes
quote:
Originally posted by baza31
Ever heard of the term living within your means? If you can't afford something which if you have to borrow you can't don't buy it. When you can afford it do buy it . Only difference is patience , which 99% of the time people in non compulsory debt don't have any
thats wrong completely. living within your means to afford finance on a new average priced car, which could then reliably get you to a job, which earns you money is far more beneficial than buying an old piece of shit and not being able to earn the money as the car is fucked.
i really wish, and i mean really, i earned 10% of the average wages people on this website "claim" they do ffs. id be fuckin loaded wiping my arse with copies of harry potter books.
How do you work that out? What does an expensive car do compared to a cheap affordable car? Just because it's cheap it doesn't just not take you to work. If it's a necessity like I've said then fair enough but 99% it's impatience .
reliability. the few single parents that live where i do with children, well, tbh, if you tell me that a 12 plate car for £149 quid a month is as good as a 500 quid citron bx, and as reliable and as safe for their children commuting to school and work from a village, to earn a living to pay for kids house and shite associated with life is a bad move instead of an old knackered car, both of which are affordable within the persons means btw. can you actually say it makes sense? or keeping that cash for emergencies and easily affording the 149 quid a month is really a stupid idea? i disagree, its the right move. just not one you type on the internet perhaps.
|
