Poll: Do you actually own your car?
- Thread starter /\ndy
- Start date
Sure do (MK6 Golf GT). Paid in full when I picked it up.
Great if you can do it. Perpetual car payments are like a second mortgage for people nowadays. No way do 91% of the Motors forum own their cars by the way (and certainly not if we’re stipulating no outstanding finance)!
Great if you can do it. Perpetual car payments are like a second mortgage for people nowadays. No way do 91% of the Motors forum own their cars by the way (and certainly not if we’re stipulating no outstanding finance)!
why not? maybe i'd expect a little bias here, as the ones who don't own their car outright are less likely to vote
but on the whole, the members of ocuk are well above the national average in terms of wealth, so i'd expect to see an above average rate of outright car ownership.
of course, if the question was: who owns a sub-3 year old £40000+ car outright, then there would be more no answers. as the poll is the way it is currently, me paying £100 to own a 20 year old banger is still a yes answer
Because something like 90%+of new car purchases are on finance/lease of some description. Having an above average income or wealth doesn't mean you're going to own your car-it often just means you can lease something even better. Hence the proliferation of people driving around in Velars and S5s who wouldn't have a chance of owning them otherwise.
Yes - '00 Micra 1.4 Beaastmobile
No - '18 Skoda Karoq 1.5 Dadmobile (lease)
I voted no just to add some balance!
I don't think it matters TBH for the mundane up to £30k cars. I think as long as you are beating depreciation and not being taken to the cleaners for repairs it makes sense to take some sort of finance agreement.
There will always be people who think cash is king and owning their car is the way to go - fair play to you as long as you know what the downsides are (depreciation etc) and are happy to do so.
For me its a numbers game for now - don't particularly want to own a depreciating asset.
That may change when I want/can afford something a bit spicy and look at buying to keep and modify
No - '18 Skoda Karoq 1.5 Dadmobile (lease)
I voted no just to add some balance!
I don't think it matters TBH for the mundane up to £30k cars. I think as long as you are beating depreciation and not being taken to the cleaners for repairs it makes sense to take some sort of finance agreement.
There will always be people who think cash is king and owning their car is the way to go - fair play to you as long as you know what the downsides are (depreciation etc) and are happy to do so.
For me its a numbers game for now - don't particularly want to own a depreciating asset.
That may change when I want/can afford something a bit spicy and look at buying to keep and modify
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Which is almost never the case. I mean outside of the odd weird deal why would it be?
Managed it on both leases I have had! I guess it comes down to a mixture of luck, timing and being ok with whats available.
