Paying for a car

456789

getcarter wrote: »

Anyway............

any love for my new car?

http://crash.citroen1.info/Berlingo/berlingo-front.jpeg

getcarter

456789 wrote: »

http://crash.citroen1.info/Berlingo/berlingo-front.jpeg

There's definately no love there!

cyclonebri1

flyingscotno1 wrote: »

But I can't buy shares or a house without a job and the job needs the car!

Whilst your car is more likely to be written off that is because property is valued so highly and houses aren't on wheels being controlled by humans! £2K flood damage in a house is going to be economical to repair- £2k flood damage in a car is more likely to be close to value depending on age/model!

Then buy a cheaper car, With the easy credit thats screwed us all, and the reduction in new car prices compared to 5 years ago it is or untill very recently was, too easy to be tempted to keep up with the Jones's;)

thescouselander

cyclonebri1 wrote: »

Might seem patronising but it doesn't matter, it's what I do.

Pay for the car in cash.
Never borrow for a car.
If you don't think you can afford it, you probably can't
Owing money on a car is the worst poss debt you can have.

Sorry but it is a moneysaving forum:money::money::money:

I disagree, I always use credit to finance my car purchases. Cars are expensive, forcing yourself so save up the full amount before buying one makes little sense - would you do this when buying a house? Ok, I could buy a cheaper car but it wouldn't meet my requirements so that would be a waste of money.

The way I see it, as long as the car is worth more than the outstanding loan then there is no problem.

cyclonebri1

thescouselander wrote: »

I disagree, I always use credit to finance my car purchases. Cars are expensive, forcing yourself so save up the full amount before buying one makes little sense - would you do this when buying a house? Ok, I could buy a cheaper car but it wouldn't meet my requirements so that would be a waste of money.

The way I see it, as long as the car is worth more than the outstanding loan then there is no problem.

:rotfl::rotfl::rotfl:
But unfortunately by the time you have signed on the dotted line and walked out of the showroom it won't be, new car topic remember.

Anyway I'm out of this topic. We all view the issue differently and I've had my say. Eacxh to his/her own.;)

thescouselander

cyclonebri1 wrote: »

:rotfl::rotfl::rotfl:
But unfortunately by the time you have signed on the dotted line and walked out of the showroom it won't be, new car topic remember.

Anyway I'm out of this topic. We all view the issue differently and I've had my say. Eacxh to his/her own.;)

I don't see why thats funny. The way round it is to pay a cash deposit and not to finance 100% of the cars value - that way the loan can be kept less than the cars value. Simples.

flyingscotno1

cyclonebri1 wrote: »

Then buy a cheaper car, With the easy credit thats screwed us all, and the reduction in new car prices compared to 5 years ago it is or untill very recently was, too easy to be tempted to keep up with the Jones's;)

How cheap do you go? £1000? £500?

In the end if nobody bought new cars for saving money there wouldn't be 1 year old cars and if nobody bought them...

I bought the cheapest 1 year old car that met my requirements. I could buy a 100,000 mile 5 year old Corsa no problem, but I don't want to keep buying and repairing motors- as the miles rack up than buying low mileage and letting it go high.

I really don't understand your thinking- it might make sense but it is too simplistic for the real world. I had the money in my account for the car but still financed part of it for security.

terryya

Deleted due to talking rubbish!

cyclonebri1

thescouselander wrote: »

I don't see why thats funny. The way round it is to pay a cash deposit and not to finance 100% of the cars value - that way the loan can be kept less than the cars value. Simples.

Wrap it up which ever way you want, if you go into a showroom waving say £13k, whether it be cash or credit, by the time you get it home you will have about £10K. Now I do find that funny. You can't take it back like a TV to argos;)

cyclonebri1

flyingscotno1 wrote: »

How cheap do you go? £1000? £500?

In the end if nobody bought new cars for saving money there wouldn't be 1 year old cars and if nobody bought them...

I bought the cheapest 1 year old car that met my requirements. I could buy a 100,000 mile 5 year old Corsa no problem, but I don't want to keep buying and repairing motors- as the miles rack up than buying low mileage and letting it go high.

I really don't understand your thinking- it might make sense but it is too simplistic for the real world. I had the money in my account for the car but still financed part of it for security.

But there would, remember the vast majority of car registrations are sourced by buisiness's, add to that mobility cars, and the few that can afford to waste money will still by new. So plenty of 2nd hand cars.

I've said earlier I would never by new, although I'm now in a position to afford better cars, I haven't lost my instinct not to chuck money away.

For me the best option is to buy a medium mileage, 15 to 20k miles, @ about a year old. Still 2 years waranty to go in most cases and a considerable saving on new. But then again I'm not in contest with the neighbours.

All of us on here can spend as much or as little as we like on a car, but in money saving terms buying new is not the best route.