Would you pay £60+ a month for a phone?
No, because it isn't important to me and I'm not interested in iPhone products. But who am I to judge those for whom it is? They may point to things I spend my money on that they consider a waste.
Would you pay £60+ a month for a phone?
No, because it isn't important to me and I'm not interested in iPhone products. But who am I to judge those for whom it is? They may point to things I spend my money on that they consider a waste.
But the existence of people who cannot manage their finances sensibly doesn't mean that the availability of various financing options for others is a bad thing.
It's like people who claim credit cards are evil because a small minority cannot use them in a sensible fashion.
A mortgage is not unavoidable. You chose to take out a mortgage.Some debt is unavoidable. The mortgage example in question.
You think that it is a waste of money based on your personal circumstances.People pay outrageous amounts for the latest phones.
Younger people in particular who tend to be on lower wages to start with.
Would you pay £60+ a month for a phone?
I run the oldest, cheapest last gen phone deal I can get as it’s an utter waste of money.
If it wasn’t for PCP and lease/finance deals on new cars, many manufacturers would have already gone the way of the dinosaur.
That explains that then..
Then what would you buy as used car?
When you lease, you don’t have the option to buy. It’s a fixed rental period. Some may let you buy it but there is no contractual obligation and many will not because they’ll have to warranty the vehicle for 6 months.
PCP includes the option to buy via the ballon payment or hand back/trade in for a new car.
I’ve owned my fair share of brand new dealer bought vehicles I have paid cash for.
4 in total.
On the subject of leasing, one of the guys I work with swears blind he doesn't have the option to buy at the end but couldn't explain why? Any ideas, I think he's misunderstood it personally as he said something along the lines of it goes straight to auction with no option for him to buy it which seems odd?
What happens if your circumstances change once you've spent all that cash? How is that any different/better than financing it?I’ve owned my fair share of brand new dealer bought vehicles I have paid cash for.
4 in total.
Happy to flush money away then? What happened to not wanting to ever lose money on cars?
What happens if your circumstances change once you've spent all that cash? How is that any different/better than financing it?
Bargains - all of them
Page 1Has anyone done the “if you lease you can’t afford it” thing yet?
Excellent, just ticking off the standard stuff.Page 1