Does nobody buy a car outright? Am I missing something?

Dis86 said:
Lol current one is a 2013 bmw 640d gc. Bought when it was 3 years old.

Before that was a 2 year old 328i, before that an 12 month old 320d and before that a new alfa romeo.
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I am looking at a 4 series GC currently. Think they look beautiful.

Do love the look of a 6 series GC but out of my price range. At least the new shape!

Although I would finance the 4 series... so I guess to some that is out of my price range to :D
 
Dav4 said:
Now i am not saying the ST225 is fast as its not by todays hot hatch standards but Torque makes a big difference in real world driving. As i said further up my friends 2010 330i could not get past me till 50+ due to him having to wind it up through the revs to get it moving even though on paper its faster so a 320i would be beaten imo
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The 2010 330i has, as you've noticed, all of its power at the very top of the rev range. This is why it doesn't feel as quick as a 272bhp car ought to.

By contrast the newer F30 320i (And higher power 328i) are turbocharged and therefore have more available power lower down the rev range. Consequently the 320i will do 0-60 in about 6.7 seconds.
 
I encounter the same 'pull up in the wrong lane, race you to the merge point' bellends at a couple of points on my daily commute. Normally old Astras or Renault estates and the like doing it.
 
Dav4 said:
If you are standing in a que in a shop and someone comes from around the side to step in front of you you would not accept it would you? so why when people are in there metal bubble do they suddenly become arrogant and disrespectful and squeeze in front of people? Even if i drove a 600bhp supercar i would not push in front of people and cut them up by getting in the wrong lane like other people regularly do. I do let them go but then they look in there mirror at you with a smug grin on there face so i just accelerate. I am not the only one its common practice on PH :p
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Rise above it, seriously. I have done 100,000's of miles and it is a very rarely I am cut up, it seems to me it happens to you often from your post here which is odd. I suspect most of this is in your head, certainly the people looking in the mirror and sniggering at you.
 
Dav4 said:
No its not its full of idiots in S Line, AMG super sport, M sport, ST Line, R Line etc that have to keep up appeareneces of there cars sporty bodykit and 19 inch rimz by red lining it in every gear so everyone thinks its as fast as it looks ;) that includes trying to stop anyone overtaking or having you at the lights.
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Look in a mirror. That bloke looking back, that's the problem with your road experiences. My advice is have a word.
 
These threads are very funny as it usually ends up with a group of people who buy, let's call them remainers and people who have no issue with finance, let's call them Brexiters. It then tends to end up with remainers telling the brexiters that they are stupid or lesser people.
 
rodenal said:
Most dealerships won't accept cash over a few grand now iirc

Sometimes I wonder how many people on here have really seen the difference between a say 200bhp car of similar weight to one with 20% more power and similar gearing - up to "sensible" speeds it isn't really breathtaking.
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I was in an Evans Halshaw dealership last year having test driven a car and witnessed a couple of caravan-club members kicking off because they weren't allowed to pay more than £2000 in cash.
Much shouting was done, managers were fetched. They didn't trust banks apparently :rolleyes:

On topic, I think finance is a good tool. My last car I bought on PCP and paid off within the timeframe which got me a £2k deposit contribution on an approved used car. I then decided I wanted the more powerful version so bought a new car via PCP. The discount for taking VWFS finance is around £5k IIRC, on a ~£60k list car.
 
Housey said:
These threads are very funny as it usually ends up with a group of people who buy, let's call them remainers and people who have no issue with finance, let's call them Brexiters. It then tends to end up with remainers telling the brexiters that they are stupid or lesser people.
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Hmm. You get the two extremes - people financed to the max versus people who don't see why anyone wouldn't want a 600 quid 306.
 
Kenai said:
I encounter the same 'pull up in the wrong lane, race you to the merge point' bellends at a couple of points on my daily commute. Normally old Astras or Renault estates and the like doing it.
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Are you another person who doesn't understand merge in turn ? I can't tell.
 
Conanius said:
Are you another person who doesn't understand merge in turn ? I can't tell.
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No, merge in turn doesn't occur at junctions with a straight over lane and a right turn only lane, or apparently alternatively known as the "can't be bothered to queue behind 3 cars, I'll just gun it off the lights and go straight over anyway" lane :p

Merge point was probably not the best way to describe the point where the right turn lane stops existing!
 
balky12 said:
I am looking at a 4 series GC currently. Think they look beautiful.

Do love the look of a 6 series GC but out of my price range. At least the new shape!

Although I would finance the 4 series... so I guess to some that is out of my price range to :D
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I honestly struggle to tell the difference between a 3 and a 4 gc! My 3 was good but I prefer the standard if interior in the 6. It's just a lovely place to be.
 
After my own recent car purchasing saga I am going to consider finance on anything which costs a substantial amount of £ to buy. Look at Kindai's GTR thread, the finance company can come to your rescue should the seller **** you over.
 
sigma said:
After my own recent car purchasing saga I am going to consider finance on anything which costs a substantial amount of £ to buy. Look at Kindai's GTR thread, the finance company can come to your rescue should the seller **** you over.
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Im thinking the same for my next one although I'll be sticking with what I've got for a while i think.
 
Dis86 said:
Im thinking the same for my next one although I'll be sticking with what I've got for a while i think.
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Yep, you need to ensure the fine print covers the right stuff (as Kindai states) but I'm definitely considering it now. As I understand it a bank loan won't suffice as the car is still owned by yourself.
 
Freefaller said:
I don't agree. Just because you can't buy it outright doesn't mean you cannot afford it.

Do you buy a house outright? Or do you mortgage? If you can afford the monthly payments, what's the difference?
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Main differences as I see it are:
  • Houses typically appreciate in value in the long term, the vast majority of cars don't (so buying a more expensive house will usually gain more money than buying a more expensive car i.e. you can effectively make money from the capital you have borrowed)
  • Mortgages typically give a lower interest rate
  • Mortgages tend to be more flexible in terms of term length, ability to have a non-fixed interest rate etc
  • Some car finance deals can only be taken out when buying the vehicle, whereas most mortgage products are available for remortgaging too
As someone else has mentioned finance tends to give the cheapest price these days providing you pay it off sharpish. I am surprised the industry hasn't taken action against this perhaps by instead of discounting the purchase price, offering cashback after a set period of finance payments. So e.g. if you want your £5k discount for taking finance on a new Merc, you can't just withdraw from the finance after a few days to dodge the interest.
 
Gibbo said:
The MY18 I shall probably do similar, about 35k down in cash and around 10k on Ford's finance and simply pay it off early. Mustangs hold their money very well in first 12 months, second year they start to loose a little, 3rd year will loose more, but they hold value better than other new cars.
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I think cheaper V8 Mustangs (up to £40k) registered from April 2017 onwards will definitely hold their value well because the road tax is only £140 compared to over £500 for older cars. Obviously people buying a fairly new V8 are not going to be solely motivated by running costs but over say 4 years of ownership a March registered 17 plate will cost about ~£1500 more in tax than an April registered one. Being nearly new rather than brand new they'll also dodge the big first year tax bill which makes them even more appealing and likely to retain value.

If you are planning to get a new one at ~£45k just remember you get stitched up on tax, £2k up front then £450 a year for next 4 years.
 
Agreed my example was probably a little poor. Though some cars appreciate or at least don't lose value!

However, I think if you get the right deal a car on finance could be worth while. I know that in the past despite having several £k stashed, I took a loan out to pay for the car as I found it easier to budget a monthly outgoing, and it means that I could still buy it outright if I really needed to, but I could forget about it.
 
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