Finance haters gonna hate :-)

I'm not going to have a go at the car, but I'd like to know why, if the low monthly payment was so important, you didn't just take a loan out for it from the high street banks?

£500 of your cash then £6.5K borrowed over 5 years is less than £135 per month at a typical 8.8% APR. The saving would have paid for the road tax over the time you intend to keep the car.

It was easier and less effort, that is the truthful reply. A saving of £10 a month isnt really worth messing about with
 
Dawww I feel an urge to pat Chives on the head after reading this! A guy says he works in the industry then gets taken apart for

- only making the tea
- not remembering every item that should appear on the glass of a car for sale
- not pointing out exactly what a lowly human being he is in the grand scheme of the car industry
- daring to offer an attempt at helpful advice (there are probably plenty of 12 year olds that know more about cars and finance than Flukester)

I know some of it was tounge-in-cheek but some of it was just...harsh!

Fair play to him for getting off his arse and doing something useful. The experience will count greatly in your favour when you're after your first holiday job and the dealership may even give you one themselves (so to speak).

So you are categorically saying that you started the thread to spark a fuming debate over a finance deal that you knew was shockingly poor anyway?

:confused:

Nothing wrong with starting a thread for a debate.
 
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I'm not sure you would get a CC with 0% over 5 years ?, or maybe I'm mistaken ?

You can do something called 'balance transfer'. I've had 0% credit cards for nearly a decade now and have used them when buying cars. You would have saved loads doing it that way.
 
Dawww I feel an urge to pat Chives on the thread after reading this! A guy says he works in the industry then gets taken apart for

- only making the tea
- not remembering every item that should appear on the glass of a car for sale
- not pointing out exactly what a lowly human being he is in the grand scheme of the car industry
- daring to offer an attempt at helpful advice (there are probably plenty of 12 year olds that know more about cars and finance than Flukester)

I know some of it was tounge-in-cheek but some of it was just...harsh!

Fair play to him for getting off his arse and doing something useful. The experience will count greatly in your favour when you're after your first holiday job and the dealership may even give you one themselves (so to speak).



Nothing wrong with starting a thread for a debate.
Cheers Robbie, Pat me on the thread :p:eek::eek:
 
Robbie, read what they are saying

what, slating the kid for trying to help and offer usefull advice and laughing at him because he's only a teenager ??

Yeah thats warranted :rolleyes:

People have been far too harsh in their criticism. He was a bit high and mighty with his "i work in the industry dont you know" earlier posts, but quickly addressed that point and said that wasnt his intention, which is entirely understable given how easy it is to misunderstand people on the internet.
 
what, slating the kid for trying to help and offer usefull advice and laughing at him because he's only a teenager ??

Yeah thats warranted :rolleyes:

People have been far too harsh in their criticism. He was a bit high and mighty with his "i work in the industry dont you know" earlier posts, but quickly addressed that point and said that wasnt his intention, which is entirely understable given how easy it is to misunderstand people on the internet.

Where does all his sound advice and allegiance to the OC motors ideals go when he smiles to the customer, and shows them to a new car knowing that it's is on a whole new level of financial inefficiency?
 
what, slating the kid for trying to help and offer usefull advice and laughing at him because he's only a teenager ??

Yeah thats warranted :rolleyes:

People have been far too harsh in their criticism. He was a bit high and mighty with his "i work in the industry dont you know" earlier posts, but quickly addressed that point and said that wasnt his intention, which is entirely understable given how easy it is to misunderstand people on the internet.

Ummm what?
I was referring to robbie completely missing what people are saying regarding 'pat on the thread'.
 
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