AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by Adge
quote:
Originally posted by Colin
Dont think id want to be tied to payig a car for 3 or 4 years tbh.
Save up, it takes a while but its good to pay cash.
IMPOSSIBLE MATE! i cant save up, i am a homeowner aswell so weneva i save up it gets spent 
ive tryed before and ended up with a spenting 2k on my kitchen !
so ive just got to go for it now! but i dont want another loan!
PCP/Leasing/Finance IS a loan - you'll owe the money all the same.
Just remember, half the banking problem at the moment is down to irresponsible lending and borrowing. If CAN'T afford to save for it, I'd say you really can't afford to borrow it.
And what happens if you get laid off in the next 3 months?
Seriously, if you can't save, don't go borrowing money mate.
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Rob H
Member
Registered: 28th Oct 00
Location: Staffordshire Drives: Astra SRi
User status: Offline
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To be honest it doesn't matter how you buy a new car, you'll always lose a big wedge of money, it'll just be in different ways.
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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apk thats a bit brash. Paying 8k outright or fuck all a month for 3years hardly means he cant afford it!
The reason people "borrow" is its easier to afford than blowing mass amounts of money in one hit. Every circumstance is different, i wouldnt judge someones financial position by reading a post on corsasport.
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BlueCorsa
Member
Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
User status: Offline
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quote:
Originally posted by aPk
If you're worried about depreciation in the current market, the worst thing you could do now is be looking at new cars, whatever the purchase method 
Except if you're leasing or PCPing because the depreciation/future value is fixed.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by BlueCorsa
quote:
Originally posted by aPk
If you're worried about depreciation in the current market, the worst thing you could do now is be looking at new cars, whatever the purchase method
Except if you're leasing or PCPing because the depreciation/future value is fixed.
Yep, fixed at a rate no different to what a 'regular' buying would be looking at - the finance company won't be loosing out, thats for use.
Jambo, I wasn't meaning to refer to Adge - more the wider world who go and borrow money for a car/house/shoes that they couldn't really afford in the first place. A loan makes it seem easier, but if it all goes tits up you're stuffed.
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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StueyBoy1989
Member
Registered: 22nd Feb 07
Location: North West London
User status: Offline
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most people borrow money to buy a house, good luck with paying for one of those outright! haha.
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Adge
Member
Registered: 28th Aug 04
Location: Lancashire
User status: Offline
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i already borrowed to buy a house 20 months ago! defo wouldnt pay that outright!
like i said i know how much i can afford and at the min its 8k on a car over 3 years
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Adge
Member
Registered: 28th Aug 04
Location: Lancashire
User status: Offline
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think iam gona get a Vx220 at the moment, but this changes Daily 
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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quote:
Originally posted by Adge
think iam gona get a Vx220 at the moment, but this changes Daily
Some finance houses will provide products that enable you to lease a second hand car, but as a rule - it is usually only for new/nearly new/pre reg vehicles.
As the VX220 is no longer in production, you will be hard pushed to find a product and policy that allows what you want.
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Adge
Member
Registered: 28th Aug 04
Location: Lancashire
User status: Offline
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yeah think its just easier to buy 2nd hand, gona sell the astra and borrow what else i need from the bank but over a short period
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