Car sales go up for the first time in 15 Months.

bo_drinker

Graham_Devon wrote: »

I wouldn't be happy to say that at all.

I would guess that over 95% of the scrappage scheme is made up of new cars bought on finance.

Everyone knows it's not a great deal, and car dealers have been giving you a guarenteed 1k for your ca as long as I can remember.

That's the trouble, everyone doesn't know (understand ) They are like headless chickens in the showrooms, shall we have a red one or a blue one?? No we'll have a silver one, you don't see many silver cars, and it's only £x a month :rotfl::rotfl:

Graham_Devon

Really2 wrote: »

Oppertunity and low IR.
My wife's uncle has over £100k in the bank and drives an old metro.

if you get £2k off an £8K car you get 3 years cost free motoring (except petrol) and have most probably knocked out most of your depreciation for that period (for a small car)
But the truth is those kind of people will run it for over 10 years again.

Have you got the figures for the people using finance or is it a pure guess?

It's a pure guess, hence why I said "I would guess".

Do you seriously think otherwise?

Really2

Graham_Devon wrote: »

It's a pure guess, hence why I said "I would guess".

Do you seriously think otherwise?

Yes

A) Most people can obtain finance for cheaper than what a dealer can do.
you and I have both paid cash in the past. so unless some on here say they use dealer finance we are showing a reasonable proportion pay cash.

C) I could say "I guess 95% pay cash do you seriously think otherwise?"
Without facts it would be most probably a point to fit an agenda !:rolleyes:

avantra

Graham_Devon wrote: »

Cash here too. Went in with my last car and did a straight swap at the dealership.

Same here, bought a like new Rover, please note that this increase in sales is a pure export of tax payer cash to the rest of the world.

Graham_Devon

Really2 wrote: »

Yes

A) Most people can obtain finance for cheaper than what a dealer can do.
you and I have both paid cash in the past. so unless some on here say they use dealer finance we are showing a reasonable proportion pay cash.

C) I could say "I guess 95% pay cash do you seriously think otherwise?"
Without facts it would be most probably a point to fit an agenda !:rolleyes:

My thoughts in response:

A) Most people who run around in over 10 year old cars do so for a reason, not for fun. Those people often will not be able to get a loan for 6-8k at other places as it's not a secured loan.

You and I are not representative of anyone but myself and yourself. We are not representative of anyone buying cars, and I would never for example, buy a new car.

C) I don't know where to find facts or figures. I am allowed to say "I would guess". This is based on my own knowledge of my friends, people I know, and what I have seen in the media and on here.

Really2

Graham_Devon wrote: »

My thoughts in response:

A) Most people who run around in over 10 year old cars do so for a reason, not for fun. Those people often will not be able to get a loan for 6-8k at other places as it's not a secured loan.

Really? so LIR/ my wifes uncle and many frugal people with £XXX,XXX in the bank do it because they can't get credit.

Graham stop judging life on what you do a lot of people buy cars for prakticality not to look good.

To add my dad runs a 13 YO car because it keeps going through MOT's

Graham_Devon

Really2 wrote: »

Really? so LIR/ my wifes uncle and many frugal people with £XXX,XXX in the bank do it because they can't get credit.

Graham stop judging life on what you do a lot of people buy cars for prakticality not to look good.

To add my dad runs a 13 YO car because it keeps going through MOT's

I'm not judging life on what I do. That's what you are doing by bringing in you and LIR from here.

I am saying we do not represent the nation.

At the moment none of us have figures to back up what we are saying, and your now arguing over me saying "I would guess". That's all it is, a guess, and I'm happy to leave it there

kennyboy66_2

Graham_Devon wrote: »

It's a pure guess, hence why I said "I would guess".

Do you seriously think otherwise?

1) Most of the scrappage scheme seems to have encouraged people to buy small, relatively cheap cars, as this is the area where it makes more economic sense.
Historically a higher proportion of small cars are bought for cash rather than credit.

2) Most of the purchasers have been in the 45+ age group. Again, historically this group if people is significantly less likely to borrow to buy a new car.

About the only reasonable argument you have put forward about the problems of this scheme is that we import 85% of cars so it does not support UK jobs.

The rest of your arguments against it are as risible as the 95% claim.

You seem oddly obsessed with the scrappage scheme.

Jennifer_Jane

Just to add another 'paid cash for a shiny brand new car' - took possession on Saturday of my Toyota Yaris bought for £6500 with the scrappage and a discount.

My last car was a 13 year old Micra with £120 tax and ongoing problems costing a fortune at MOT time. Bought in 1998 for £5000, so I now have a better car, cheaper to run, easier to drive, with better features, and the absolute stunning pleasure of a brand new car.

No finance required.

So that's, what, 3 of us - agreed it's hardly statistically significant, and would love to see some real figures, and not just guesses. The dealership didn't even bother to offer finance.

I'm loving the car and depreciation is not a problem, as I shall also keep this for a decade or so!

Jen
x
PS - I fit the Kennyboy profile - am 62.

Really2

Graham_Devon wrote: »

I'm not judging life on what I do. That's what you are doing by bringing in you and LIR from here.

I am saying we do not represent the nation.

At the moment none of us have figures to back up what we are saying, and your now arguing over me saying "I would guess". That's all it is, a guess, and I'm happy to leave it there

Graham_Devon wrote: »

My thoughts in response:

A) Most people who run around in over 10 year old cars do so for a reason, not for fun. Those people often will not be able to get a loan for 6-8k at other places as it's not a secured loan.

.

So you said 95% of people will be buying on credit.
But most people who have 10 year old cars can not obtain credit.

Do you really think if they cant obtain credit they would get car finance?

Which one is right Graham? or is it just another argument to stop good figures being shown?