How do you buy your cars?
23 December 2008, 08:33 AM
#1
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How do you buy your cars?
Keep seeing all these 'credit crunch bargains' in the other marques section.
Might just be me but £40,000 doesn't sound cheap for a car,BMW M3 or not!
Do you lot that say 'wow thats cheap must get one' lease them? Pay cash for them? Stick them on Hire Purchase?
Am I the poorest person on Scoobynet with a 5 year old X Trail and MX5
(paid for,worth nothing but too scared to fork out for new cars)
Might just be me but £40,000 doesn't sound cheap for a car,BMW M3 or not!
Do you lot that say 'wow thats cheap must get one' lease them? Pay cash for them? Stick them on Hire Purchase?
Am I the poorest person on Scoobynet with a 5 year old X Trail and MX5
(paid for,worth nothing but too scared to fork out for new cars)
23 December 2008, 08:43 AM
#3
Bought me a Wagon yesterday 
Just shy of £9k, 50% trade-in plus cash and 50% will be done via a 0% balance transfer from current credit card to new one. 16 months interest free, 2.98% transfer fee and waaay cheaper than HP if you've got the discipline to pay off as much as possible before the interest free period runs out.
Just shy of £9k, 50% trade-in plus cash and 50% will be done via a 0% balance transfer from current credit card to new one. 16 months interest free, 2.98% transfer fee and waaay cheaper than HP if you've got the discipline to pay off as much as possible before the interest free period runs out.
23 December 2008, 11:29 AM
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I bought my new car recently with some insurance money (car got nicked), husband's money and a loan. I am quite a low-risk, so got a good percentage rate on the loan, better than any I could find and wouldn't touch HP with a bargepole! 
23 December 2008, 12:02 PM
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Loz - actually I think you're being sensible.
It's a really silly time to buy a car, even if £40k (++) is a drop in the ocean.
People I know with proper money are all hanging onto theirs for now and seeing what happens.
While we don't have "proper" money we still have a decent amount in the bank part of which could buy an M3/911/whatever but it's staying firmly put.
Trouble is, much as I love quick cars, it costs SO much more to run one than a semi speedy "practical" car.
If you have a car or two, all paid for that's isn't unreliable, hang onto your cash!
Expensive car does NOT mean well off any more.
It's a really silly time to buy a car, even if £40k (++) is a drop in the ocean.
People I know with proper money are all hanging onto theirs for now and seeing what happens.
While we don't have "proper" money we still have a decent amount in the bank part of which could buy an M3/911/whatever but it's staying firmly put.
Trouble is, much as I love quick cars, it costs SO much more to run one than a semi speedy "practical" car.
If you have a car or two, all paid for that's isn't unreliable, hang onto your cash!
Expensive car does NOT mean well off any more.
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23 December 2008, 12:08 PM
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Yes cars look cheap but I think it's more important to hang onto your cash now. I think the car industry is totally stuffed. Might reach a stage where supply gets so low that there is actually a shortage!
Got to admit, I see at one tempting bargain a day at the moment...
Got to admit, I see at one tempting bargain a day at the moment...
23 December 2008, 12:08 PM
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23 December 2008, 12:18 PM
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If you need a car and want to keep it and have the cash, now is the great time to buy.
23 December 2008, 12:18 PM
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Keep seeing all these 'credit crunch bargains' in the other marques section.
Might just be me but £40,000 doesn't sound cheap for a car,BMW M3 or not!
Do you lot that say 'wow thats cheap must get one' lease them? Pay cash for them? Stick them on Hire Purchase?
Am I the poorest person on Scoobynet with a 5 year old X Trail and MX5 (paid for,worth nothing but too scared to fork out for new cars)
Might just be me but £40,000 doesn't sound cheap for a car,BMW M3 or not!
Do you lot that say 'wow thats cheap must get one' lease them? Pay cash for them? Stick them on Hire Purchase?
Am I the poorest person on Scoobynet with a 5 year old X Trail and MX5
(paid for,worth nothing but too scared to fork out for new cars)We've currently got a 6 year old CRV and a 6 year old Yaris. There is no way in the current climate I'd consider changing cars.
23 December 2008, 12:22 PM
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23 December 2008, 12:40 PM
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Last edited by Gear Head; 23 December 2008 at 12:55 PM.
23 December 2008, 12:40 PM
#19
This may be contreversial but I paid nine grand for my Saab last October, I saved up the money and bought it cash inc my £1200 part ex. I could have financed a new M3, Porsche Cayman or whatever, could have bought one cash but I didnt want a big shiny millstone for three years and have nothing at the end of it.
All the Loans, finance, baloon payments, leases etc are just smoke and mirrors to hide the fact you cannot actually afford that car, hence the number of cheap cars about at the moment, I am not totally against finance per se but it seems so many use these methods to drive something that is probably out of their reach otherwise, perhaps this is why the whole shaky system has started to crumble.
Ok, if you have wads to spare, do whatever is the most convenient and efficient but if like some in the area I live, you forget to allow for basics like Council Tax in your sums then you are on your own.
All the Loans, finance, baloon payments, leases etc are just smoke and mirrors to hide the fact you cannot actually afford that car, hence the number of cheap cars about at the moment, I am not totally against finance per se but it seems so many use these methods to drive something that is probably out of their reach otherwise, perhaps this is why the whole shaky system has started to crumble.
Ok, if you have wads to spare, do whatever is the most convenient and efficient but if like some in the area I live, you forget to allow for basics like Council Tax in your sums then you are on your own.
23 December 2008, 12:51 PM
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I,m looking to change the soot burner at the mo,
its going to cost in the region of £800-1000 to get it through its mot...
so its not financially viable
It cost £1500 four years ago, so has done me well,
if i spend 1-2K and get another 4-5 years then its paid for its self.
dont really want to spend the money, but its a case of having to.
I did look at chavmotors forU
For a car thats currently retailing round the 3-4K bracket on auto trader,
there selling for 7-8K!!!!!
But then you knock of your 1K trade in, and £30 pw payment,s and your
laarfing
arnt you
Mart
its going to cost in the region of £800-1000 to get it through its mot...
so its not financially viable
It cost £1500 four years ago, so has done me well,
if i spend 1-2K and get another 4-5 years then its paid for its self.
dont really want to spend the money, but its a case of having to.
I did look at chavmotors forU
For a car thats currently retailing round the 3-4K bracket on auto trader,
there selling for 7-8K!!!!!
But then you knock of your 1K trade in, and £30 pw payment,s and your
laarfing
arnt you
Mart
23 December 2008, 01:06 PM
#21
I know 2 people that have just bought brand new Honda Civics due to the good deals to be had. Those of us in relatively secure jobs have no real need to hold back just because everyone thinks we should.
If everyone thought like the worst of the doom-mongers on here, it would become a self-fulfilling prophecy. One of the reasons things are going down so rapidly is that people are hanging around and not spending in case it does get much worse.
This is exactly what causes deflation and the downwards spiral.
If everyone thought like the worst of the doom-mongers on here, it would become a self-fulfilling prophecy. One of the reasons things are going down so rapidly is that people are hanging around and not spending in case it does get much worse.
This is exactly what causes deflation and the downwards spiral.
23 December 2008, 01:20 PM
#22
I know 2 people that have just bought brand new Honda Civics due to the good deals to be had. Those of us in relatively secure jobs have no real need to hold back just because everyone thinks we should.
If everyone thought like the worst of the doom-mongers on here, it would become a self-fulfilling prophecy. One of the reasons things are going down so rapidly is that people are hanging around and not spending in case it does get much worse.
This is exactly what causes deflation and the downwards spiral.
If everyone thought like the worst of the doom-mongers on here, it would become a self-fulfilling prophecy. One of the reasons things are going down so rapidly is that people are hanging around and not spending in case it does get much worse.
This is exactly what causes deflation and the downwards spiral.
Get out and spend you tight Gits .
Lets get this show back on the road .!!!
Too much Doom and Gloom going on .
Its in our hands .
23 December 2008, 11:37 PM
#28
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I,m looking to change the soot burner at the mo,
its going to cost in the region of £800-1000 to get it through its mot...
so its not financially viable
It cost £1500 four years ago, so has done me well,
if i spend 1-2K and get another 4-5 years then its paid for its self.
dont really want to spend the money, but its a case of having to.
I did look at chavmotors forU
For a car thats currently retailing round the 3-4K bracket on auto trader,
there selling for 7-8K!!!!!
But then you knock of your 1K trade in, and £30 pw payment,s and your
laarfing
arnt you
Mart
its going to cost in the region of £800-1000 to get it through its mot...
so its not financially viable
It cost £1500 four years ago, so has done me well,
if i spend 1-2K and get another 4-5 years then its paid for its self.
dont really want to spend the money, but its a case of having to.
I did look at chavmotors forU
For a car thats currently retailing round the 3-4K bracket on auto trader,
there selling for 7-8K!!!!!
But then you knock of your 1K trade in, and £30 pw payment,s and your
laarfing
arnt you
Mart
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