Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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quote:
Originally posted by Sunz
If you need a loan to buy a car then you can't afford the car but you can afford the loan. 
Is a difference.
nobody can afford their house by your logic.
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John
Member
Registered: 30th Jun 03
User status: Offline
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I couldn't afford to buy my house cash 
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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Sunz is just anti majority. Always wants to go against what it normal.
Fuck the free world b rabbit style kind of guy.
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JonnyJ
Member
Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
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quote:
Originally posted by Ben G
Sunz is just anti majority. Always wants to go against what it normal.
Fuck the free world b rabbit style kind of guy.
There's a few like this on the forum. Pretty sure they come into a thread, see what the general consensus is then argue for the opposite side, no matter how illogical it sounds.
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Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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quote:
Originally posted by JonnyJ
quote:
Originally posted by Ben G
Sunz is just anti majority. Always wants to go against what it normal.
Fuck the free world b rabbit style kind of guy.
There's a few like this on the forum. Pretty sure they come into a thread, see what the general consensus is then argue for the opposite side, no matter how illogical it sounds.
Steve I think you are referring to.
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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quote:
Originally posted by Ben G
Sunz is just anti majority. Always wants to go against what it normal.
Fuck the free world b rabbit style kind of guy.
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Norcy91
Member
Registered: 15th Sep 08
User status: Offline
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I'm thinking about taking out a loan to buy my next car, i don't just have £9000 sitting there like most folk seem to have, but i want a nicer and quicker car than i have now, so why not!?
Plus, it must be worth it for an R32
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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No mate. Unless you save you can't afford it. How dare you make the most of a legit way to raise some money! Who do you think you are?! A non-portfolio owner?!
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Norcy91
Member
Registered: 15th Sep 08
User status: Offline
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Unfortunately i lost my portfolio in a terrible accident involving my 60ft yacht sinking just off the coast of my private island in the Caribbean
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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What is a portfolio
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N16K
Member
Registered: 4th Oct 04
Location: Belfast, NI Drives: Corsa D SRi, Tuned Cooper S, B
User status: Offline
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quote:
Originally posted by john-d
What is a portfolio
Online baller status 
lies 
[Edited on 25-06-2012 by N16K]
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Sunz
Member
Registered: 12th Jan 07
Location: SE England
User status: Offline
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quote:
Originally posted by Nic Barnes
quote:
Originally posted by Sunz
If you need a loan to buy a car then you can't afford the car but you can afford the loan.
Is a difference.
nobody can afford their house by your logic.
Only by definition of the word.
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corsa120
Member
Registered: 4th May 02
Location: Northamptonshire
User status: Offline
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being the proprietor of this thread i have to say i never thought id cause such a stir.....
point 1 is im not looking into finance i never would, im looking into a bank loan...... the car im looking at is not for the total cost of the loan, i will be having some home improvements carried out like a porch which i could just sling on my mortgage but dont see why when it will cost me 10 times the amount of over the years!!
over the past few years ive been incredibly sensible living the life people are claiming i.e saving and paying cash etc excluding my mortgage but as previously said i think ive earned the right to be maybe be a little reckless and i can comfortably afford the payments and i dont see why i should wait!!!!! one thing which has also thrown me a little is the loss of 3 of my best friends in recent years so out of the 6 of us who were a group if u like there are 3 remaining.... thishas opened my eyes alot and made me want my dreams an m3 so im thinking go for it to be honest...
i only think debt is bad if u cant afford it... i can afford the payments more than comfortably so i dont see the problem, if shit hits the fan im more than covered considering the equity i have on my house and the assets i already own outrite currently
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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I love loans and credit cards.
I could have saved up and bought my car outright after about 18months saving I reckon, which isn't too bad - but I'm an impatient bastard and instead of saving up I would have just spunked my money on fishing gear and computer games. Yehaaa
Instead, I pay £320 p/month - I got the car immediately when the engine was falling out of my old one and at any point I can afford to sell the car and settle my finance. In the meantime, I just spunk slightly less money on computer games and fishing gear every month.
Love it! Also, going on holiday thanks to a maxed out credit card.
Enjoy living within your means, peasants
Seriously though, I'm barely paying any interest on my non-mortgage debt because I'm doing it cleverly - and realistically I could afford to settle everything I owe in a very short window of time if I had to or wanted to.
If people have got £300 per month disposable income and they're spending £200 of that on a car finance repayment - I'd call that a bad idea, because you're not left with much to fix it if it breaks or whatever.
Also, car loans are much better if you can put a bigger deposit down - get ahead of the depreciation so you've got an escape option at any time.
Lotus Elise 111R
Impreza WRX STi
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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PCP on a new 3 series, 175 quid each a month then hand it back and get another one.
Care free motoring
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John
Member
Registered: 30th Jun 03
User status: Offline
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That sentence doesn't sound quite as good when it's read as 350 a month for a 318 petrol, which is a bit more accurate.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Its a comfy stylish car for carting the family around in that doesnt break the bank.
I'll change it for a diesel X5 next time.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by Colin
PCP on a new 3 series, 175 quid each a month then hand it back and get another one.
Care free motoring
Sounds good until you tell me you put 5k down up front
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Ben G
quote:
Originally posted by Colin
PCP on a new 3 series, 175 quid each a month then hand it back and get another one.
Care free motoring
Sounds good until you tell me you put 5k down up front
1 months payment up front.
350 deposit, 350 a month.
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noshua
Member
Registered: 19th Nov 08
User status: Offline
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350 != 175
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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quote:
Originally posted by Ian
My next expensive car will probably be salvage, I do think they're a great way of owning nice cars if you know what you're doing, and I might even do it cash  but I'm also not going to get on a high horse about people who go to garages and drink tea while they're signing their lives away. In a lot of cases its not the worst way to do it.
[Edited on 25-06-2012 by Ian]
Love a bit of salvage, last few cars have all been cash and cheap. A3 has cost me 2k for a car worth 5/6k and will either be run into the ground or sold for at least what I've spent on it. Average joe wouldn't be able to tell it apart from the ones that are 10k+ Only way ill do cars now. Personally wouldn't want to get onto debt for one but can see why people would.
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Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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my most expensive car is my 330d, at a massive £3200 on a 54 plate. i feel like a peasant up in this thread. please don't mock me for being a cheap twat.
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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quote:
Originally posted by john-d
What is a portfolio
posh name for a ring binder
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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quote:
Originally posted by IvIarkgraham
quote:
Originally posted by john-d
What is a portfolio
posh name for a ring binder
With a few fake Rolex's thrown in.
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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bolex's
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