Finance haters gonna hate :-)

Flukester said:
I think it probably is for the simple reason you're in your car to transport you from one place to another, and the traffic is stopping the process.

If what you say is correct, you would often just go and sit in your car and listen to music while parked :)
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For the first point, no, not really, I often just "go for a drive" for the sake of going for a drive. Even if I was trying to get somewhere I'm never in enough of a rush to be bothered by traffic or delays.

And your last point is just specious, I have a nice place to sit in my house and listen to music, why would I bother going outside to my car to do the same thing? The car is comfortable, my house is more comfortable. The car has a nice stereo, my house has a better stereo, therefore the choice is obvious (hopefully even to you).
 
[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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I admit I'm a little ignorant to buying a car on finance as I've always owned old bangers, but surely getting a bank loan for 1 or 2 grand would be a better thing to do than this? :confused:
 
MikeHunt79 said:
I admit I'm a little ignorant to buying a car on finance as I've always owned old bangers, but surely getting a bank loan for 1 or 2 grand would be a better thing to do than this? :confused:
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Yeah if you want a car for £1k or £2k not £7k like the op :confused:
 
Dogbreath said:
Even if it was an extra 1/2 hour of your life wasted every day?
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So the solution to a few minutes of your day 'wasted' sitting in traffic is to ride a motorbike?

Do you really need a list of reasons why its more impractical/uncomfortable/annoying to ride a motorbike than drive a car?

Stop being a plank :p
 
Maz said:
Yeah if you want a car for £1k or £2k not £7k like the op :confused:
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It makes me a sad Panda when people like him post stuff like that because people then think that everyone against the OP's deal is somehow in favour of buying a crap old banger as an alternative.
 
Maz said:
Yeah if you want a car for £1k or £2k not £7k like the op :confused:
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Sorry I didn't mean that he should have bought an old banger! :o After reading Fox's post saying about how he's still have to pay ~6K after 2 years I got the wrong end of the stick... I assumed (wrongly) that Flukester had around 5 or 6k already and only needed an extra 1 or 2k to buy the car outright.

Now that I've read the rest of the thread I see that this is not the case, I now see that he's planning to sell it after 2 years. This all seems like quite a lot of hassle to me, I'd rather just get a car and use it until I fancy something else be that after 1 year or 10 years... depending on how much I liked the car.
 
[TW]Fox;17244294 said:
I love my town commute. I don't get stuck in traffic, it's really nice and comfortable, takes 10 minutes and I get to listen to Chris Moyles..
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I too love my commute, a mixture of B roads and country lanes, listening to either good music, or, if it's not raining I can open my windows and listen to my engine :D (yes, I am that sad).
 
[TW]Fox;17244294 said:
It could be better though, i have often thought about getting a more suitable city car. Like an automatic 7 Series.
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Comfortable car is comfortable.
 
I really don't buy into the whole 'city car' thing. Their advocates spout things like they're 'agile', easy to park and good on fuel. Agile? Were not living in a vauxhall corsa advert so that's irrelevant. If you can't park a larger car then you shouldn't be driving and fuel economy isn't that important when you're doing 2k per year.

The only reason small cars exist is to be cheap - they give people like the OP the opportunity to own a lump of metal with a bigger number on the front and a smaller number on the dash than they they otherwise would be able to afford. Sure, cars like the fiesta make great cheap cars, especially for younger drivers and other small cars like the 182 are a hoot - but generalizing all small cars as good around town is just denial really
 
Oh dear, I've been away for a bit from the forums, but I've just purchased a car on finance :o

will post pics when I pick it up!

edit - even worse its brand new HAHA!
 
[TW]Fox;17244294 said:
It could be better though, i have often thought about getting a more suitable city car. Like an automatic 7 Series.
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Just out of curiosity, if you could have your time again, would the 530 now be an auto?
 
No, the box isn't good enough and is too much of a compromise in terms of performance etc. Oddly I though most of the time I drive a short trip through town and back in terms of percentage of mileage covered I now do more miles on the M5 than I do around town, where I slot it in 5th and forget about it for 100+ miles. Hence my longterm average of 27mpg despite Monday to Friday 5 days a week being a 20mpg commute.

Next car? Maybe, if it has the SAT option. But I'd be just as happy with a manual.
 
Cheers. - I was wondering if you had become converted to the torque converter.... :D

I could not agree more re the performance compromise, I tried a workmates e36 manual 328i a few days back - it made mine feel like a wheezy 320 by comparison. :(

With mine, the old box won't be helping - The steptronic box in my e38 seemed to hardly blunt performance by comparison, I'd swear this e36 is considerably slower than my old 728i.....

Hmmm....
 
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R420LA6X2/4MNA said:
Cheers. - I was wondering if you had become converted to the torque converter.... :D

I could not agree more re the performance compromise, I tried a workmates e36 manual 328i a few days back - it made mine feel like a wheezy 320 by comparison. :(

With mine, the old box won't be helping - The steptronic box in my e38 seemed to hardly blunt performance by comparison, I'd swear this e36 is considerably slower than my old 728i.....

Hmmm....
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Yet logic and statistics say it should be faster, quite a bit faster since it's easily half a ton lighter.

I'm mostly used to driving autos, the only car I have driven both an auto and and a manual version of in relatively recent times was a 540i when I was looking for them, the manual didn't seem any quicker than the auto at all ...it's just a case of you could change gear when you wanted to ...which you can do by using the tiptronic function anyway (which isn't really as good)...still the car doesn't feel slower with the auto, you just have to adopt a slightly different apporach.
 
I've only owned one auto, but i always found that you could control the gear change well enough for most normal driving just using the throttle. Again, like your experience with the BMW, the Saab didn't feel much quicker in manual guise
 
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