Poll: Do you actually own your car?

Do you actually own your car?

  • Total voters
    494
True, could just get a taxi everywhere, thats an appreciating asset

Many people are dependant on a car, many people work far away from anywhere you can cycle, train or bus to. Many people will also need a few hours in public transport to get to work, but hey, that banger will get you there for only £800 with no need to maintain it ever.
 
What are you on about? I was saying you could take a taxi, bus, train, bicycle to buy a new banger if you had no other way of getting there (i.e. your current banger is broken and you correctly don't want to spend money fixing it).

On the subject of public transport, lots of people are happy to sit in their cars to commute behind buses for hours every day... Makes tons of sense.
 
[TW]Fox said:
Why would you want to bother with that if you didn't need to?
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To save thousands of pounds a year? Note I'm not advocating bangernomics full time here, just whilst you save for something better or a deposit to use with a sensible loan vs leasing. The original statement was that there were times when leasing was the only option, which I disagreed with except for certain exotic cars.
 
MichaelAwkward said:
On the subject of public transport, lots of people are happy to sit in their cars to commute behind buses for hours every day... Makes tons of sense.
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I drive to Birmingham quite regularly for work and chose to do so by car rather than public transport. Point to point it’s quicker then me driving 30 mins to a train station, waiting for a train then sat in the train for 30 mins, then delayed getting to the station and walking at the other end.

There are times when I do go by train but I much prefer to sit in my car, music on, climate control on and travelling at my own pace. Which is funny since I work in the rail industry.
 
Blackhawk47 said:
I drive to Birmingham quite regularly for work and chose to do so by car rather than public transport. Point to point it’s quicker then me driving 30 mins to a train station, waiting for a train then sat in the train for 30 mins, then delayed getting to the station and walking at the other end.

There are times when I do go by train but I much prefer to sit in my car, music on, climate control on and travelling at my own pace. Which is funny since I work in the rail industry.
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i actually agree with you on something .....................plus taking a train every day is tedious and expensive
 
MichaelAwkward said:
To save thousands of pounds a year? Note I'm not advocating bangernomics full time here, just whilst you save for something better or a deposit to use with a sensible loan vs leasing. The original statement was that there were times when leasing was the only option, which I disagreed with except for certain exotic cars.
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Before calling everyone idiots who disagree with you about a point, have a look in the mirror. What do you see?

Let me help...

It's not the worlds expert on all things motoring/cars. It's certainly not the best on this forum or even in the top 100 I'd suggest....probably not best on your street....or even your house.

Careful calling people idiots who have a different point of view to you. It's what idiots often do and then they get a bit angry when people question them about it. Chill, it's Crimbo and you should have loads of pressies to be happy about, or a 600 banger you are happy with, life is good...ish.

Happy Christmas.
 
I'm pretty sure these sorts of polls get heavily skewed by people being quick to shout about how they own their car outright. Almost everyone I speak to uses PCP or loans to buy their cars.

I have personal loans against both cars (2016 A4 and 2013 XC60). The simple reason being I am borrowing at 3% and my savings are outperforming this in shares (average 6% per annum) . The cost of borrowing is so low and the personal risk is minimal as both cars have equity in them. I also get a car allowance that pays for the A4 so it's easier to manage on a monthly basis.

I do own both cars but have put no given they are part funded by unsecured loans.
 
Well yea, some people think having their car on PCP or loan still means they own it. They quickly find out that isn't the case when they miss payments and the real owners take it off them.
 
Abyss said:
I'm pretty sure these sorts of polls get heavily skewed by people being quick to shout about how they own their car outright. Almost everyone I speak to uses PCP or loans to buy their cars.

I have personal loans against both cars (2016 A4 and 2013 XC60). The simple reason being I am borrowing at 3% and my savings are outperforming this in shares (average 6% per annum) . The cost of borrowing is so low and the personal risk is minimal as both cars have equity in them. I also get a car allowance that pays for the A4 so it's easier to manage on a monthly basis.

I do own both cars but have put no given they are part funded by unsecured loans.
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I'd say about half the people I work with have bought their car outright - but they are like 1.5-2K cars, the other half split between people who've bought newer/higher end cars outright and those who have newer stuff on finance.
 
Hmmm if there's enough interest I might go buy a £600 banger and test the theory - at the very least it'd make an interesting thread?

Edit: If I die in the process you all have to name your cars after me
 
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Vita said:
You know the only gripe I have with car purchases of extreme value. A majority of people seem to do it to show others they have so to say ‘made it’.

I find that it’s rather rare for someone to buy a certain car because they actually wanted one. It’s only with proper petrol heads you get that.
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I guess it depends what you mean by 'extreme value' but I suspect some people also suffer buyer's remorse, whereby the idea of owning something, the months of planning and the initial thrill from achieving it dies out fairly quickly and you are then left with something decent but hasn't fundamentally changed your life. I've felt it with cars, computer parts, TV, heck even our house to some extent. The satisfaction of 'getting a good deal' becomes almost bigger than the satisfaction of ownership. It's probably part of the reason why we buy a new car and then within a year I'll be researching the next move (even though it probably won't be enacted for a couple of years more). Maybe one day I'll take a different approach and just go out and buy the car we really want even if I don't think it represents good value, but I suspect that wouldn't change much in terms of the post-honeymoon come down period.
 
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