Government to offer loans to buy cars

Wookster

Sir_Humphrey wrote: »

I am not talking about Gordon Brown, I am comparing the regulators to the police, and the criminal to the reckless bankers (for the sake of analogy). In the analogy, the police know there is a criminal about. My analogy is therefore just about watertight.

Whether the bankers did what they did through malice or stupidity, it is still mainly their fault. They are morally responsible for their own actions in either case.

Clutching at straws Humphrey.

We'll just have to agree to differ on this one. Hopefully we won't find out that I'm right by Britain ending up bankrupt.

Sir_Humphrey

Wookster wrote: »

Clutching at straws Humphrey.

We'll just have to agree to differ on this one. Hopefully we won't find out that I'm right by Britain ending up bankrupt.

I don't think I am. But I agree, let's leave it at that, this is getting a bit repetitious.

movingforward2010

I take it that now the gov wants us all buying new cars that VED will be 50% less
and petrol/diesel will be 50p a litre ?


thought not:rolleyes:

zarazara

so Gordons' not going to give us all £10,000 to go out and buy a nice new shiney car then? shame.

movingforward2010

people are getting loans, my mum got a personal loan just before xmas for £12k at 7.9%apr to buy a new car. She has a good credit history isnt over streched and can easily afford the repayments, however my brother wanted a £2k for a car and couldnt get one, he has missed payments over the years and doesnt have the best credit rating. Credit is available to the ones who have kept up with their payments, have no taken out loads of credit cards and loans over stretching themselves.
So by offering more credit to people who dont have a great credit rating at this moment in time will surely fuel the fire and prolong the recession when defaults continue to rise over the next 24 months, this is bascially just setting us up for the next credit crunch and the next set of personal bankruptcies and IVA's.

There are lot of people sensible with money, but there are also a lot who will spend for the sake of spending when they cannot afford it. YOu can give everyone credit just like before - but if they can repay it is another story.

Im disappointed with the government if im honest, we cant blame anyone set of people,but surely the people running this country would have more common sense, our pensions are going to be non existant, public services are poor, and i doubt we'll have an NHS in 20 years, yet the government want us to spend every penny, so justlike now, when we need money to fix our cars, the boiler, a new washing machine etc - we have no money saved, as we've over commited ourselves and basically in the Sh*te*

someone else here must see this too??

WTF?_2

wxmlad wrote: »

I take it that now the gov wants us all buying new cars that VED will be 50% less
and petrol/diesel will be 50p a litre ?


thought not:rolleyes:

Politicians are always loathe to reduce stuff like taxes. Basically taxes allow them to directly take a portion of the fruits of your labours for themselves.

That kind of level of control and access to your productive capacity isn't something they will give up lightly, which is why when they start printing money to give away to banks and businesses (and lend to the public) they won't be in any hurry to do one thing that might stimulate the economy and cut personal taxation sharply.

Sir_Humphrey

!!!!!!? wrote: »

Politicians are always loathe to reduce stuff like taxes. Basically taxes allow them to directly take a portion of the fruits of your labours for themselves.

Of course, I mean we pay far more in tax now than in the 1960s (not). Why let the facts come in the way of a paranoid theory though?

movingforward2010

the fact is the government spend our money on anything they like, if they decided to give every sex offender £2000 each, they'd do and we'd have no say!

Graham_Devon

Probably already been said, but I don't know how this is going to get people buying cars. Effectively what it's doing is bailing them out so they can continue producing cars and taking over more fields as car lots.

We'll have thousands of unbought cars soon, and new models will be leaving the factories.

No matter what car dealers say, now is NOT the time to be buying a used car, especially if they are going to be adding more to the tens of thousands sitting there unwanted in fields. The time to buy a car is when they finaally figure out they can't keep producing stuff and storing things people don't want to buy.

The mark 6 golf is out now, so is the Mark 5. The mark 5 will be sitting around, in a field, in the thousands, waiting to be sold....and as an "old" model. That's when the bargains start.

What they don't seem to grasp (the government) is no matter what they do, people do not have the money to buy these things. It's not a bargain because your current car will have declined in value just as much as car prices have. You still pay the same gap between them. Also, fuel is back on the rise again!

This is just sticking a plaster over a wound thats infected and hoping it goes away and sorts itself. Like the infected wound, it will spread. The only thing spreading will be the cars taking over yet more fields!!

I'm seeing some nice new legislation soon....which will be branded under the 'environment' heading. Cars over 10 years old no longer allowed on the roads....

movingforward2010

Graham_Devon wrote: »

. Also, fuel is back on the rise again!
!

yeah noticed this over the past week, its creeping up a penny here and there