LSherratt

iTrader: (1)

Nothing wrong with owning a shed of a car and owning it outright

RAGGY DOO

iTrader: (1)

Agreed

Shaun

Not that old chestnut again!

Just because someone has a car on PCP (for example) doesn't mean that's what constitutes a "mess".

It's the people that purchase anything, however they purchase it, but can't actually afford it (the finance for example) in real terms..... that's the problem.

Finance itself is not normally the issue (all things being equal).

Peedee

iTrader: (4)

If you have to buy something on finance, it means you can't afford it.

(With the exception of a mortgage)

Shaun

With all due respect, it's simply not that black and white.

People may choose to use finance for other reasons other than because they "can't afford it". Whether you agree or disagree with the reasons a person chooses to use finance is irrelevant. The fact remains that people don't use finance just because they do not have the means to pay for something outright to begin with. Some do, perhaps many do, but it's not an absolute.

scoobyboy1

iTrader: (16)

Most people have cars on finance, you can have a brand new car for as little as £100 a month with 5 years warranty etc(wont be anything exciting) but knowing that if anything breaks you can take it back to the dealer, and any left over money I would rather spend on a holiday outright or enjoying myself then spending a large lump sum of cash on a car!!!

Wish I was in a position to buy a car outright, but I dont think the cars I can afford would be any good(sub £1000)

scooby k

Sometimes it's not always good idea to buy a car out right unless you are rich/ have enough money imo. Buying a 60k , the value will depreciate very rapidly. That's when leasing becomes a good idea I suppose.

pflowers

As a very wealthy man once said (can't remember who lol) pay cash if it appreciates and lease if it depreciates.

RS Grant

F80 M3 are great cross country cars, well, the LCI and Comp Pack cars are... the pre-LCI are meant to be a bit of a handful.


Cheers,
Grant

ditchmyster

iTrader: (7)

As you know I was on the other side of the argument a year or so back but have since changed my view, no point in having money in a depreciating asset ( as mi mate Hodgy would say). If you're smart about it you make credit work for you, in the same way that any business man worth his salt does, having done extremely well out of credit in the form of property as i'm sure many others have, I'm of the view that credit has it's place.

Right back on topic.

All the usual pathetic sad act jealous ferkers out in force again I see, if you're not happy with your lives do something about it and stop bitching at those that are doing well for themselves.

Ted I think you're always going to get bored of new cars because they're just too good at what they do, so once that new car thrill wears off you're just left with that much of a muchness feeling, new cars are too fast and sterile, to get that feeling of excitement you have to be on the edge and to get modern machinery on the edge you need to be bordering on warp speed, which is just not possible 99% of the time and the other 1% it's just downright dangerous and stupid, even in a crappy wrx.

That's a large part of the reason why I've gone old school, If I were in your shoes with some disposable income burning a hole in my pocket I'd be looking at a Mk1 or 2 Escort, which was my 1st choice but I just couldn't find one out in Croatia that didn't need a load of work and the 2 I did find were both 1.1L with no chance of an engine up-grade, I would have settled for a 1.3L but ended up with a MK1 Golf as they are plentyful.

Thing about old cars is even a pop down to the shops is a giggle, after around 4/5months of ownership I still smile everytime I look at it never mind how I feel when I drive it, I also know I won't loose a bean on it in 1 year and stand to gain a fair bit over the next 5 /10 yrs.

Not suggesting you go as drastic as me asI know you have apperances to be thinking of but an old porker, merc or BM might be more up your street and then just get something like a Fabia vrs to keep you entertained on the daily grind.

Littleted

Thanks Ditchy, i did consider an Old Mini Cooper with a stage 1 BMC head on, i keep seeing these at Oulton Park they look great fun, that being said the Lotus Cortina would be a holy Grail thing for me.
I know what you mean about the Honeymoon period, like the wife said to me the other day the only car i loved to death was my 03 Civic Type R, it served me well and was fun to drive.
I like the Mini to be honest but seeing the offers these guys are giving me against the M4 and another A45 Facelift are tempting.

Problem i also have is work depict i must have a car thats no more than 2 year old hence why i change a lot, i get the allowance and anybody sensible would buy an Astra or something Cheap and coin it in, but thats not me, i had a Normal car a while back Insignia 09 plate i got bored after 2 months and sold it.

The 45 made me want to drive , the Mini is just something i drive when i have to if you get my angle i want that feeling of wanting to drive again....
I might do what you said and look at some older models as a second car and store it in the garage..
thanks for reply, I'm just waiting on M4 quote from dealer to see what that comes out like, then i,ll go drive one.

Shaun

You get an allowance as well!?!?

What you messing around at then!!!!

RS Grant

You were getting good deals on M3/M4 a wee while ago, anywhere between 10-15% discount.. however I have read that deals are getting harder to find now, although if you're looking at a car which is in stock at a dealer then I think you should still be able to haggle a decent discount without too much hassle.


Cheers,
Grant

Devildog

Bullsh!t

Some people don't like having that much capital tied up in a depreciating "asset".

This has been done to death. Matteeboy got his **** handed to him on a plate the last time for the same kind of comment

scoobyboy1

iTrader: (16)

My current car is leased, I got a brand new Vauxhall Corsa VXR last year for £180 a month and the deposit was £160 from memory, its not everybody cup of tea but its a quick/fun/turbo little hot hatch for not much money a month, So I got a £20k car with warranty/road tax included plus being a new car doesn't need a MOT while in my possession. And the added bonus of not having to worry about stonechips or even giving the car a thrashing etc as I will never have to sell the car to the next person, just give it back!!

Im loving the whole leasing idea, and when this VXR goes back I will be looking at something like a BMW touring next.

Would love this 335d M sport £316 a month
https://www.centralukvehicleleasing....step_auto.html


VW Scirocco R £215 a month
https://www.centralukvehicleleasing....ech_r_3dr.html

Seat Leon Cupra R(290bhp) £161 a month
https://www.centralukvehicleleasing....a_290_3dr.html

Some good deals about, if your open to anything you can usually find something interesting!!

Littleted

Yeah lease is a good call, what I'm trying to do it test the water really, as the Mini is only 10 months old, Im probably in Neg Equity, although they do hold there price, after 10 months i will prob still have quite a lot of neg eq. So if this guy can swallow my Mini and give me a good deal then i,ll Listen. Selling it private is prob a no go so i need to try find a dealer that will take it in the deal.

When i got the Wifes Mini we tried for a Type R the new 1 but the Honda Garage were only gonna offer 8.5k for her Zafira i owed 9.5, mini offered us 9.5 so hence they got my business.

My honest view is i think they won't be able to swallow it and i,ll drive it for another 10 to 18 months then either VT it or then look again.

I did see the 335I for 364 a month or a fully loaded Tiguan SEl from Blue chilli at 225... madness

Anything special though like an RS3 or 45 its 500 to 700

scoobyboy1

iTrader: (16)

Some good deals on the Maserati Ghibli seen them for less then £400 a month which is not bad for a italian sports car!!

hodgy0_2

at what point do the lease company decide the condition is not "satisfactory"

I would have thought a few stone chips and door dings would be fine and as you say, it would be v hard to tell if the engine had been driven hard

how is the condition "worked out" - is it just some numbtie's subjective opinion or is there any "science" behind it

Shaun

Get ya cash out tight ****..... or just work harder!

EddScott

Not entirely sure this is correct.

For instance, I had a long look around a Focus RS on Monday. I could save £1000 a month for 36 months and go and buy one brand new. However, if they are limited run and I insist on buying a brand new one then putting a fair size deposit down and paying off the rest on finance seems like a reasonable solution.

I actually thought I could save for 48 months and buy a GTR.

I want to be able to say I've owned an RS4 and although the purchase price is the lowest of the ones mentioned, it's likely to be a lot more than the Focus and probably not a huge gap away from the GTR.

Littleted

yeah it seems the M3 and 4 can be discounted quite a lot now ED as opposed to the RS4, somebody on these forums got 15% off list

id love a 6

EddScott

Actually, I'm on about a B7 RS4. The B8 is nice and I've not quite worked out why values vary from £35K to £48K with vary little to indicate why.

I asked a guy with a white RS4 B8 what he thought of it. Didn't say fast, didn't say handles like a dream. "Thirsty" was all he said

And before anyone says well if you can't afford the fuel - it's got nothing to do with affording it, it's whether you're prepared to tolerate it. I have a particularly wealthy friend who sold his B7 RS4 because he just wasn't prepared to pay the fuel bill.

As for bimmers, I did play around with an M2 spec online - thought £500 for folding rear seats was a bit of a joke. And ultimately, it's only 2 door coupe and I have nippers to cart about. If they made an M3 touring then I'd seriously consider it.

grahamc

iTrader: (10)

My GTR was leased.... for 2 main reasons:-
1. It was an unknown quantity and I was happy to pay for someone else to take a risk on the depreciation with me
2. I work through a LTD company and leave most of my money in the company, so leasing it made sense.

So far the GTR is the only new car that I have really really loved and have a feeling a lot of that is down to the owners club and the people that I have met. Its a lovely car and but the people are great!

I do agree with Ditch, new cars are just too good and therefore lead to boring drives most of the time. I was behind a MK1 escort on track and at 40mph it was sideways, with him with loads of opposite lock and a big smile. Obviously I tore past in the GTR, but it was one of a few reasons I ended up with a MX5 (supercharged) for track use.

I also have a MK1 escort being restored (2l pinto engine) and a 240z being restored.... so should have all the bases covered with the set of cars. The escort will be going up for sale once complete as I have nowhere to store it

If its got to be new, for me it has to be the GTR.... dont know if you have been out one, if not, go. Its not a car for everyone, which is a good thing, so see if you like it.

Boyakasha

iTrader: (2)

Has the 1M bubble burst now that the M2 is here? Can't see people paying a premium for the 1M once the M2 start dropping in price.

SRSport

Interesting comment. Last year I identified and intervened with 2 child protection cases, rescuing children from abusive families, I mentored and supported 5 children through mental health conditions, supported families and helped them learn how to 'be' parents, ensured that several autistic and countless other additional needs children are given a fair opportunity to access the national curriculum along with many other services of a similar nature. In short, I give people the best opportunity to make a success of their life. I am very good at what I do and a lot of people benefit.
One of my mates sells cars for Toyota and earns 2.5 times more + health care + car. Another works in banking, screwing up with other people's money and earns similar. I know of another person working in property...thats a different league altogether, but where he profits there will be others who take the hit...it doesn't come from nothing. Am I jealous? Kind of hard to not be if I'm honest. Am I thinking about moving from a community contributing job to a self indulging one...unfortunately, yes, but that is the state we live in.

grahamc

iTrader: (10)

Its a sad state of affairs, but it is the way of the world.