Best wat to finance new car??

cyclonebri1

Paul, or plwhotsit, Inactive is possibly of a generation similar to myself. We were brought up to believe only in buying what you could afford, Credit NEVER came into it. My father instilled that view in me and he was correct. If it wasn't for the easy credit/borrow all you can/ pay back next year garbage todays generation have been force fed the country wouldn't be penalising the last sensible generation.:mad:

Ps, I once had a mortgage, it was for £9500, scared the !!!!! out of me untill I paid it off after 5 years of the planned 20.

Rant over.

As said in other posts, take all the cars off the road that aren't paid for and traffic congestion is a thing of the past.:T

Take that one up Boris???;)

eschaton

pgilc1 wrote: »

Mate, all you're doing now is trolling and making yourself look ridiculous.

There's only one troll around here and it ain't Inactive

Paulio with the one track mind where he is always right and everyone else is wrong.

My !!!! :rotfl:

motorguy

eschaton wrote: »

There's only one troll around here and it ain't Inactive

Paulio with the one track mind where he is always right and everyone else is wrong.

My !!!! :rotfl:

I am the one who is promoting looking at all options when financing a car - because that may actually save you money. You and inactive are the ones blinkered to think that either use cash or that in some way by using 0% finance you're getting one over on the finance companies. I cant work out if its naivety or stupidity.

But as long as you think you're getting a good deal then i guess thats the main thing.

It is funny though that the guy a page back that asked for advice on what to do with his company car allowance was totally ignored by both you and inactive, as you were too busy trying, for some reason, to pick holes in what i was saying. Also of interest is the fact that in my response to him i gave an objective reply outlining advantages / disadvantages of each - which kind of blows your one track mind theory out of the water.

But there you go.

You're both only interested in prodding a situation to get a response, whilst no longer actually adding anything to the debate.

So on that basis i'm going to leave you to it.

eschaton

pgilc1 wrote: »

I am the one who is promoting looking at all options when financing a car - because that may actually save you money. You and inactive are the ones blinkered to think that either use cash or that in some way by using 0% finance you're getting one over on the finance companies. I cant work out if its naivety or stupidity.

But as long as you think you're getting a good deal then i guess thats the main thing.

It is funny though that the guy a page back that asked for advice on what to do with his company car allowance was totally ignored by both you and inactive, as you were too busy trying, for some reason, to pick holes in what i was saying. Also of interest is the fact that in my response to him i gave an objective reply outlining advantages / disadvantages of each - which kind of blows your one track mind theory out of the water.

But there you go.

You're both only interested in prodding a situation to get a response, whilst no longer actually adding anything to the debate.

So on that basis i'm going to leave you to it.

You just continue to spout rubbish :rotfl:

Forget the 0%, the main point was cash was best because it actually meant that you had the money to be able to afford the car in the 1st place - not that you will appreciate this as much with not being in that "boat".

All the other drivel with nothing at all to do with the OP was your doing

Inactive

pgilc1 wrote: »

I dont see any point in continuing a conversation with you TBH.

Good, because you know you are talking a load of rubbish.

If you saw somebody throwing a £1000 down a drain, would you consider them a mug?

I would.

This is MSE, perhaps you are using the wrong forum.

Cortinaa_GTR

I really don't understand the vitriolic responses being dished out to pgilc1 tbh.

I thought these forums were designed to help, advise and have discussions. I'm not saying cash shouldn't be an option to buy a car obviously but it isn't really an option in my personal circumstances. I've had a company car since 2002 which has always been cheaper (although taxed) than to buy, fuel, tax, insure, service etc myself. I'm now in a position where a new job might have a car allowance so unless I can save up to buy a car in my 30 day notice period I need to look at alternative solutions.

Nobody has to agree about the potential options but a discussion would be preferred and advice kindly received as opposed to keyboard pot shots.

Ta.

Inactive

Well if anybody can prove to me that paying interest on a car is preferable to not paying interest, I will listen to your argument, until then, there really isn't anything to debate.

cyclonebri1

Another 2 p's worth. I did once take out a £4k loan for an £8 car. But only because it was the exact same time as I was putting together a £60K cash deal to purchase a renovation property. Didn't want to leave myself short or with a small morgage on the property. I paid of the £4K over 1 year.:money:

It really is an attitude to savings and risk thing, and there are many different attitudes. I know which is the most cost effective.

It is difficult for some and infact impossible for many, but you only have to get in front once IE, buy a car for cash and save for the next, gaining interest (however little :mad:), rather than paying interest. If you haven't saved enough for the next car by the time you need one you'd have had the same problem with the loan.

motorguy

Inactive wrote: »

Well if anybody can prove to me that paying interest on a car is preferable to not paying interest, I will listen to your argument, until then, there really isn't anything to debate.

I already gave a list of potential scenarios whereby paying interest could be preferable - maybe you should take the blinkers off and read it?

motorguy

cyclonebri1 wrote: »

Another 2 p's worth. I did once take out a £4k loan for an £8 car. But only because it was the exact same time as I was putting together a £60K cash deal to purchase a renovation property. Didn't want to leave myself short or with a small morgage on the property. I paid of the £4K over 1 year.:money:

It really is an attitude to savings and risk thing, and there are many different attitudes. I know which is the most cost effective.

This is exactly the scenario i have been explaining here, but have been getting a kicking for it.

We've been building a new house this past year - and planning for it for the two previous years. It made sense to get as much of that completed at the build stage as we dont pay the 17.5% VAT that anything but a new build attracts. Financing my car at 4% allows me NOT to pay the 17.5% VAT that i would have to pay if i saved up for say six months to get the work done.

i really dont see how that cant be seen as a good deal?