Finance haters gonna hate :-)

Flukester said:
I had similar decisions to make, but went the other way... maybe the wrong choice, who knows, but I had promised wifey a new car so got as close as I could within reason without breaking the bank.

I knew this thread would go like this, but this is what makes ocuk motors fun :)

I wonder if there is a Busa conversion for them ;)
Click to expand...

Fair enough mate, I appreciate your position.

Your a braver man than I for bringing it here though! :cool::o:D
 
The (well another) problem with your thread Flukester is that you seem to be either dellusional or blatantly lying about quite important aspects of the deal. Whether it's "I'm paying 7% APR" or "A brand new one isn't £6999 on the road", are we supposed to beleive anything you say now? Personally I don't think you're deliberately lying about these kind of things but you've either not researched anything at all or the salesman has completely pulled your pants down and you don't want to admit it now it's been highlighted to you.
 
I don't think he's be talking about how the things drive nor which is better in those terms, but he has stated which car would be better based on reviews which he has read.

Lets face it 80% of the OCUK forum haven't driven the cars they comment on so his opinion only carry slightly less weight than those of a driver.
 
Wicksta said:
The (well another) problem with your thread Flukester is that you seem to be either dellusional or blatantly lying about quite important aspects of the deal. Whether it's "I'm paying 7% APR" or "A brand new one isn't £6999 on the road", are we supposed to beleive anything you say now? Personally I don't think you're deliberately lying about these kind of things but you've either not researched anything at all or the salesman has completely pulled your pants down and you don't want to admit it now it's been highlighted to you.
Click to expand...

I don't mean to mislead anyone....

08 i10 auto comfort, 2200 miles, 3 yr warranty still intact - £6995

500 down, 7% odd flat rate (thanks Fox) over 5yr with monthly payment of about 145.

Works out about same price as a cash purchased new i10, however, saves a couple of k over buying a new i10 on finance. (most here have failed to spot that)

I'm paying about 2.5k for the pleasure of paying monthly, will sell car in approx 2.5yr and clear whole finance

Cost to me over paying cash, 2.5k over 2.5yrs ...crazy way of working things but it works for me and it suits the way my cash flows perfectly


The car is not a bad car, and no worse than a twingo or similar, they are all very similar in this market segment...
 
Flukester said:
I don't mean to mislead anyone....

08 i10 auto comfort, 2200 miles, 3 yr warranty still intact - £6995

500 down, 7% odd flat rate (thanks Fox) over 5yr with monthly payment of about 145.

Works out about same price as a cash purchased new i10, however, saves a couple of k over buying a new i10 on finance. (most here have failed to spot that)

I'm paying about 2.5k for the pleasure of paying monthly, will sell car in approx 2.5yr and clear whole finance

Cost to me over paying cash, 2.5k over 2.5yrs ...crazy way of working things but it works for me and it suits the way my cash flows perfectly


The car is not a bad car, and no worse than a twingo or similar, they are all very similar in this market segment...
Click to expand...

Will it work out when you have to pay £5000 in one lump sum?

And for a car worth quite a bit less than that.
 
Flukester said:
no, im paying that for the pleasure of paying monthly, it's what we call 'finance'
Click to expand...

Well yes and no. I could never bring myself to finance a product that I wouldn't end up owning and still contain equity within.

Financing a car that still has a value at the end of it, that you own, and haven't paid over the odds for is fine. Doing what you've done... isn't.

burns said:
But he has the car for the period he would have been saving up the cash for otherwise.
Click to expand...

He has already said he could have paid outright, but chose not to. So no, he wouldn't have needed to save, could have bought it for (far) less, AND ended up owning the value of the car.
 
peterattheboro said:
Will it work out when you have to pay £5000 in one lump sum?

And for a car worth quite a bit less than that.
Click to expand...

It will be fine, my dissposable income is quite high, plus there will be residual value left in the car so it's not 'that' bad as you quote, the car will be sold / traded.
 
I still don't see why someone who has stated "money isn't an issue" is taking such a big hit taking a finance deal with nowt to show at the end, quite frankly it smacks at the total oposite and points to the fact that money is an issue.
 
Firestar_3x said:
I still don't see why someone who has stated "money isn't an issue" is taking such a big hit taking a finance deal with nowt to show at the end, quite frankly it smacks at the total oposite and points to the fact that money is an issue.
Click to expand...

nope, money isn't really a issue thats why I'm not at all bothered about 2.5k of finance interest.

i simply purchased on this deal because I don't want to pay 7k out in one go on something that isnt very important.

this is the point where a fool would start spouting his financial position, but it isn't something I would do on OCUK :D
 
Firestar_3x said:
I still don't see why someone who has stated "money isn't an issue" is taking such a big hit taking a finance deal with nowt to show at the end, quite frankly it smacks at the total oposite and points to the fact that money is an issue.
Click to expand...

Quite, "money isn't an issue" isn't any excuse to blow 2.5k on a terrible finance deal, nearly 14% APR ffs.
 
bam0 said:
Quite, "money isn't an issue" isn't any excuse to blow 2.5k on a terrible finance deal, nearly 14% APR ffs.
Click to expand...

it was a very low deposit, I expected to pay through the nose for it... I'm not bothered about it in the slightest, but knew you lot would be hence starting thread :)
 
You must log in or register to reply here.
Back
Top Bottom