Soldato
Are Skoda and Nasher related?
SkodaMart
S
SkodaMart
£30k was just an example for illustration, use different numbers if you want.
As for it being silly to spend one's last £30k on a car, remember the context of this post. It was specifically on the line of discussion around financing a car being bad because you might run out of money. If you've got a big stash of cash tucked away, you aren't going to run out regardless of whether you buy outright or finance, so it's a moot point.
I'm just highlighting that all else being equal, financing a car isn't inherently more risky than buying it outright, assuming you aren't paying interest of course, it's more likely to be the other way round.
FWIW I'm playing devils advocate here, we've always bought cars outright except for when we took finance to get a manufacturer discount and then paid it all off in a couple of weeks to avoid nearly all the interest, as it worked out cheaper to finance than pay cash due to the incentives.
As for it being silly to spend one's last £30k on a car, remember the context of this post. It was specifically on the line of discussion around financing a car being bad because you might run out of money. If you've got a big stash of cash tucked away, you aren't going to run out regardless of whether you buy outright or finance, so it's a moot point.
I'm just highlighting that all else being equal, financing a car isn't inherently more risky than buying it outright, assuming you aren't paying interest of course, it's more likely to be the other way round.
FWIW I'm playing devils advocate here, we've always bought cars outright except for when we took finance to get a manufacturer discount and then paid it all off in a couple of weeks to avoid nearly all the interest, as it worked out cheaper to finance than pay cash due to the incentives.
Soldato
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OK fairy muff. I'm sure my first car was a lease and I had the option to buy, although it was through work at the time and was 15 years ago. I just thought it seemed strange that a company would auction a car rather than sell it to the person that's had it for the last 3 years. Does it work out cheaper than finance then?
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Generally not, no.
Yes, especially if you can catch someone just as they're about to return it to the dealer for peanuts. Or go to British Car Auctions.
This is probably where it returns to the phone 'comparison' .
... are modern cars, less over-engineered (remember GE lightbulb scam too, apple throttling etc) and relatively, more expensive to maintain/run as a 2nd hand proposition , versus new cars.
Manufactures and dealers, consprining to drip feed 2nd hand cars onto the market, extracting maximum profit throughout lifecycle.
... are modern cars, less over-engineered (remember GE lightbulb scam too, apple throttling etc) and relatively, more expensive to maintain/run as a 2nd hand proposition , versus new cars.
Manufactures and dealers, consprining to drip feed 2nd hand cars onto the market, extracting maximum profit throughout lifecycle.
Soldato
At the end of the day it's horses for courses.
I was fortunate enough to have 2 leases directly from VWFS as I just wanted to have a set amount to pay for a family car and then not have to worry about selling or dealing with pxing etc.
First was a Golf 1.6 dsg that was £1000 down and £150 a month. Second was a Karoq 1.5 dsg at £1800 down and £150 a month. 24 month leases.
Both times I felt I got a good deal and was a damn sight better than buying and both times I handed the car back with no pxing or anything to worry about. At the end of the day they served the purpose of ferrying the family about with no issues and were affordable to run. No complaints from me!
I was also offered both cars to buy at well under market value at the end of the lease but didn't want to on both occasions.
I was fortunate enough to have 2 leases directly from VWFS as I just wanted to have a set amount to pay for a family car and then not have to worry about selling or dealing with pxing etc.
First was a Golf 1.6 dsg that was £1000 down and £150 a month. Second was a Karoq 1.5 dsg at £1800 down and £150 a month. 24 month leases.
Both times I felt I got a good deal and was a damn sight better than buying and both times I handed the car back with no pxing or anything to worry about. At the end of the day they served the purpose of ferrying the family about with no issues and were affordable to run. No complaints from me!
I was also offered both cars to buy at well under market value at the end of the lease but didn't want to on both occasions.
Not sure most modern cars are much different to phones tbh lol. Just a big phones with wheels. All the money has gone in to the gimmicks rather than the engineering.
People lap it up though. Cars like the Juke (well, all crossovers) are awful things as cars, but the masses keep buying them.
Not helped by the fact that all the Nissan 7000 staff st Sunderland get 5 codes per year for friends and family to get 20% off Jukes. Sometimes driving around up here, it feels like every third car is a Juke!
Thanks so much for this!!
Soldato
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I'm going to go and make friends with some porsche staff
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Soldato
Cant stand the car but thats great for the local economy
I've thought this sometimes when you see how [some] cars get marketed these days. The adverts are full of stuff like voice control, Apple/Android integration, onboard Wifi, touchscreens etc. Very little about the car underneath. Maybe something playing on the funky design.
I guess it's partly because those things are easier to quickly highlight in an understandable fashion to the masses, it's difficult to cover the mechanical stuff in 20s and keep engaging the average punter.
I think most cars past a maturity curve a long time ago that for the masses, they're all pretty good. People also spend most of their time inside the car, so of course infotainment is a huge priority compared to whether it has Macpherson front struts and a whopping 105hp through a 3 cylinder turbo...
Also the fact that most new car sales are lease/financed means it's all pretty irrelevant as the finance company holds the bag and you only need to suffer for 2, 3 or 4 years.