![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
He said he's doing an apprenticeship. I think he just has a completely warped sense of the value of money.
Pics of my new car!
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He said he's doing an apprenticeship. I think he just has a completely warped sense of the value of money.
Caporegime
[TW]Fox;14268103 said:
just voicing my oppinion here..
but i think the debt the OP has got him into, and the rest of the country get themselves into, is caused by short sightedness
Short sightedness of only looking at how much it costs them a month. "i have £900 a month comming in, can i afford £150 of that"
Of course the answer is usually yes. Problem is, nobody then thinks about if this repayment is sustainable long term, long after they've got bored with the product. And they dont think about the total ammount they've paid versus the sticker price of the product for cash.
Not forgetting of course, companies like carcraft dont give a damn and will give finance to anybody, at 40 % APR or whatever it works out at.
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You can tell he has absolutely no idea, he was completely convinced a Focus was £3800 to insure hence his choice of the Clio.
It took US to point out that his own screenshot showed his cheapest quote was for the Focus @ £2300... I mean seriously, some people should just not be allowed to make big decisions for themselves.
It took US to point out that his own screenshot showed his cheapest quote was for the Focus @ £2300... I mean seriously, some people should just not be allowed to make big decisions for themselves.
Soldato
You can buy a 2nd hand BMW Z4, about 5-6 years old for around 10k. LOL.
(I used the Z4 as an example as I love them)
(I used the Z4 as an example as I love them)
Caporegime
my sister in law is suitably blonde when it comes to buying. She was absolutely convinced the way to buy a car was A) save up some cash to buy a car. Then B) head to the nearest garage and find a car that looked nice for less than that ammount.
No consideration given to safety, reliability, running costs or even general condition. Because they were only spending £3000 or whatever, my brother in law had to take a few trips to different garages before they found a car that was worth having. But the arguments she had with him over it. It caused a major domestic just because she couldnt understand why it took several days to find a suitable car.
I'm glad shes married the person she did. My brother in law is much more sensible about purchasing decisions. She just isnt and should never be let loose with money lol.
No consideration given to safety, reliability, running costs or even general condition. Because they were only spending £3000 or whatever, my brother in law had to take a few trips to different garages before they found a car that was worth having. But the arguments she had with him over it. It caused a major domestic just because she couldnt understand why it took several days to find a suitable car.
I'm glad shes married the person she did. My brother in law is much more sensible about purchasing decisions. She just isnt and should never be let loose with money lol.
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This is aimed at the person who said it was his only option. No way in hell was this his only option, he could have fixed his bad credit by using his brain. Not by taking up a poisonous loan with no cooling off period and front loaded interest. When I got my first car I had to take out a loan with no credit history for 1k which I paid back over the year. How much did this cost me? Well I had to pay back £1080 for a £1000 loan from my bank. I needed a car but had bugger all money, I just found something cheap, asked for some money from the bank of mum and dad which was paid back the next month and I had a reliable car that done the job. The op has crippled themselves financially for what they think is a good car but it isn't. I wouldn't pay more than 2k for, amount that can easily be borrowed from your bank provided you show them some payslips. What a plonker.
lol but there's no need to tear him to shreads over it.
I'm afraid i completely agree.
So sad there isn't a cooling off period - would have saved the OP.
gt
Caporegime
to be honest i blame the parents
If his dad is the sort to wreck his sons credit record taking out credit cards in his name against his will and then running up all sorts of failed payments and taking his son for a ride.
What chances has he got ?
most of us only think like what our parents do until we've had more experience in life to determine our oppinions. He's hardly going to be receiving a loan from the "bank of mum and dad" when his dad is fraudulently running up debts in his sons name. And who can he turn to for advice ? Your parents are usually your bible when your a kid. You should always be able to count on decent advice from your parents. Its a parents role to do this, to bring their child up properly. But if his parents arent gonna help him and tell him the loan will cripple him. who will ?
As much as people slate OcUK and its harshness, you are guaranteed of wide ranging advice from my different viewpoints on here. You shouldnt just follow us blindly, but OcUk forums are a very usefull tool for finding out viewpoints you maybe hadnt considered or thought of.
I'm sure if he came on here asking should he buy that car from carcraft, we'd all have helped him by A) saying absolutely not and if he'd shown a desire to be told a better way, im sure we'd have come up with (just like there is now in this thread) lots of alternatives.
As others have said, i spent ages reading on the net before i bought my TV. Took me months of reading forum posts, reading reviews etc.. before i finally bought one. And 18 months on im still over the moon with it.
Good reasearch is the key to making good purchases.
If his dad is the sort to wreck his sons credit record taking out credit cards in his name against his will and then running up all sorts of failed payments and taking his son for a ride.
What chances has he got ?
most of us only think like what our parents do until we've had more experience in life to determine our oppinions. He's hardly going to be receiving a loan from the "bank of mum and dad" when his dad is fraudulently running up debts in his sons name. And who can he turn to for advice ? Your parents are usually your bible when your a kid. You should always be able to count on decent advice from your parents. Its a parents role to do this, to bring their child up properly. But if his parents arent gonna help him and tell him the loan will cripple him. who will ?
As much as people slate OcUK and its harshness, you are guaranteed of wide ranging advice from my different viewpoints on here. You shouldnt just follow us blindly, but OcUk forums are a very usefull tool for finding out viewpoints you maybe hadnt considered or thought of.
I'm sure if he came on here asking should he buy that car from carcraft, we'd all have helped him by A) saying absolutely not and if he'd shown a desire to be told a better way, im sure we'd have come up with (just like there is now in this thread) lots of alternatives.
As others have said, i spent ages reading on the net before i bought my TV. Took me months of reading forum posts, reading reviews etc.. before i finally bought one. And 18 months on im still over the moon with it.
Good reasearch is the key to making good purchases.
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It shocks me that car salesman really do use every trick in the book to exploit their customers. Even when buying my mum's mini 
the scumbags tried to claw back their initial discount, and manipulate other finance figures hoping it would go unnoticed. Guess it's their job though. Costly lesson for this young lad to learn.
the scumbags tried to claw back their initial discount, and manipulate other finance figures hoping it would go unnoticed. Guess it's their job though. Costly lesson for this young lad to learn.
Yes. Yes there is. He needs saving from himself.
I understand what he's done, but how is it different to buying an iPhone on an 24 month contract. You end up spending about £1200 on a bloody phone! We don't rip to shreads every person who goes and buys an iPhone though.
I'm happy to rip people to shreds who buy an iPhone on rediculously long contracts. It's an over-rated and over-priced ponce magnet.
Soldato
Caporegime
It shocks me that car salesman really do use every trick in the book to exploit their customers. Even when buying my mum's mini
my dad fell victim to that
the old "flat rate finance figures" which look good on paper. Until you tot up the ammounts and realise that the APR is about twice the flat rate figure they quote you.
The point I'm trying to illustrate is even the iPhone can be cost effective if you buy it up front and not over 24 months/18 months.
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