Finance haters gonna hate :-)

Flukester said:
Do you take everything written literally ? ..... Milage is almost as new, car is in as new condition. Drove like it on test drive, no marks, scratches...drives as new
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You said..

wanted a brand new car
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There isnt really other way you can take that.

But then your the guy who started a thread about a dent in his leather seat.....
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No, I started a thread on a car forum asking about fixing leather. Just like loads of people ask about removing scratches from paintwork, or waxing, etc etc.

Don't act all suprised and shocked, you knew exactly where this thread was going the second you posted it - this is clear from the provocative thread title. You were spoiling for a fight from the word go.
 
This thread gets better and better. :D


How many cars did you look at before going for this one? You must have found better deals than this...
 
Jez said:
This is such a ludicrous purchase. So this car is actually costing more than the cash price of a brand new example. - But you dont have the money.

Why not simply buy the brand new one on a credit card and BT it? This would cost you a very small percentage. There are cards offering 14-16months interest free at the moment. You could have had the genuinely new (as in, 2010) one for less outlay.

Then chuck a couple of hundred at it per month for the interest free period until it is paid off at month 14/16, at which point you own it outright, and it would STILL be newer than the car you own right now?
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Maybe it is Abit mad, but i just go for stuff... Money for me is not a problem, I really don't care that much

The car will be perfect for two years... Then I'll pay off and buy something else, making sure i share with you all of course for a good thread :-)
 
I see where you're coming from.

Money, as in total value isn't an issue. Where as monthly payments you care more about.

You chose the option with payments which suited you and ended up with a car which is as new.
 
[TW]Fox;17230620 said:
You said..



There isnt really other way you can take that.



No, I started a thread on a car forum asking about fixing leather. Just like loads of people ask about removing scratches from paintwork, or waxing, etc etc.

Don't act all suprised and shocked, you knew exactly where this thread was going the second you posted it - this is clear from the provocative thread title. You were spoiling for a fight from the word go.
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I like a good fight :-)

I wanted a new car, but didn't want to just chuck 10k in one hit, this motor seemed next best thing......got other things I wanna do with disposable income at the moment
 
Flukester said:
Maybe it is Abit mad, but i just go for stuff... Money for me is not a problem, I really don't care that much
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Then why have you bought your wife such a poor car on such a low budget? :confused:

I could understand that statement, and i would not criticize the financials if the car in question was not something at the absolute bottom end of the market!
 
CraigN said:
if its only £150 a month over 2 years then you must have put down a hefty deposit in the first place no ?
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I beleive he means he'll clear the owing balance.

Which is odd, really. Lets look at why.

The car is £7k. He claims he would rather spend the £7k cash he has on 'holidays and stuff'. This is the typical response of people justifying poor finance deals, but we'll leave that for another thread, but I look forward to seeing his holiday snaps either way.

So he buys it on finance for £9.5k, making sure he's taken in by the worst salesman trick in the book - quoting flat rate and implying its APR.

So, £9.5k owing. At £150 a month. He's going to pay it off, in full, after 2 years.

So, in 2 years time he'll have paid off £3600 and owe £5900 (Interest will be front loaded).

Which he's... just going to pay off. In cash. £5900. What about those holidays? If he's prepared to pay nearly £6k in cash to 'pay it off' in 2 years time why not just pay the £7k in cash now to own it outright? Instead he's basically paying £1500 for the privilage of having the extra £1100 he'd have to pay off now instead of in 2 years time available to him for 2 years.

Just.. what?!
 
Jez said:
Then why have you bought your wife such a poor car on such a low budget? :confused:

I could understand that statement, and i would not criticize the financials if the car in question was not something at the absolute bottom end of the market!
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She only does a few miles a week.....also, I think for the money the i10 is a great little car

There isn't much this size better per se.....
 
Fox you forgot to subtract interest on him having the money in savings.
£6k in a 2 year bond at 3.5% becomes £6427
But I doubt he'll be putting it in a fixed bond, so in a regular savings account at 2.5 % it gives £6303.
 
Chiiives said:
I think this thread is a good candidate for the end of year motors awards :D
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You helped with all your advice and you don't drive

I'm gonna bow out now and run back to the bikers forum, was fun :-), maybe I'll make a video review of the purchase and post on the tube for you all
 
[TW]Fox;17230678 said:
I beleive he means he'll clear the owing balance.

Which is odd, really. Lets look at why.

The car is £7k. He claims he would rather spend the £7k cash he has on 'holidays and stuff'. This is the typical response of people justifying poor finance deals, but we'll leave that for another thread, but I look forward to seeing his holiday snaps either way.

So he buys it on finance for £9.5k, making sure he's taken in by the worst salesman trick in the book - quoting flat rate and implying its APR.

So, £9.5k owing. At £150 a month. He's going to pay it off, in full, after 2 years.

So, in 2 years time he'll have paid off £3600 and owe £5900 (Interest will be front loaded).

Which he's... just going to pay off. In cash. £5900. What about those holidays? If he's prepared to pay nearly £6k in cash to 'pay it off' in 2 years time why not just pay the £7k in cash now to own it outright? Instead he's basically paying £1500 for the privilage of having the extra £1100 he'd have to pay off now instead of in 2 years time available to him for 2 years.

Just.. what?!
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Iv never in 44 years ever known anyone with the nack of making any bad situation with money look so terrible as you :)

Its a ****ing art you got it down to now, sadly you are right about this again.
 
Flukester said:
She only does a few miles a week.....also, I think for the money the i10 is a great little car
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That wasnt the point being made. The point was that you clearly DO very much care about the money, as people who do not need to care about the money simply do not buy Hyundai's - this is not a criticism, it is a fact. I am wondering why you financed in such a shocking way, when you could have simply BT'd it and financed it for ~2%. This is no reflection on the product, it would have simply been a better way to finance it :)

Flukester said:
There isn't much this size better per se.....
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You are just winding us up :)
 
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Fox, you don't have a clue about my financials..... So little point trying to work things out for me. I do ok thanks

As for the bonds post above, WTF :-)
 
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