Am I being unresonable?

Raksha

Does it matter how 'reasonable' you're being, if he thinks you're being unreasonable, I can't see how this will change his mind.

However, as has been pointed out, the possibility of him getting finance for his little plan is small, so hopefully this will stop him in his tracks.

comeandgo

Hm, I do understand where both you and your OH are coming from - both our cars are over £20k but both do for business as well as private. I love my car (and I'm female). When you say your husband "earned" £17k and £5k is that net profit in which case I'd imagine the vehicle is costed with that. I would imagine if his profits are dropping then it would be difficult for him to get a loan.

Pixiechic

Your husband is being unreasonable.

Given his earnings, it's not feasible, he must know that though.

When or if his earnings increase, then he can start looking at expensive cars.

tayforth

I earn in the region of what your OH used to earn, and my ex earns around the same. Even when we were together and had a high joint income, no WAY would we have spent even a fraction of that amount on a car.

Cars are money pits, they depreciate from the second they leave the forecourt. I've never bought a new car and I never will.

Now that your husband is earning a lot less, he should cut his cloth accordingly and stop being so selfish. I am 100% in agreement with you, and you are being perfectly reasonable. Has he even paid off the finance on the existing car? Tell him to make do with it, it's only 2.5 years old! Our last car was 13 years old!!!!!

choir-girl

In answer to the many quesions:

Our mortgage is paid off, but we dont have vast savings, certainly not enough to cover the cost of the vehicle. This year he had to pull out £4K to pay off his overdrafty as the reducded his borrowing facility.

What would we do with the money if not spent on the car, I have pointed out that we should be doing more things together and that at our age (58 & 64) our money should be for us to enjoy, meals out, weekends away etc.

He never gets asked for proof of income or bank statements when he applies for finance, he is a good friend the area manager of the garage he uses (theres a surprise)!

And no I don't think he ahs any idea hoe he would make the payments if he doesn't work, overdraft would be his answer.

My earning are £24K a year.

Georgiegirl256

tayforth wrote: »

I earn in the region of what your OH used to earn, and my ex earns around the same. Even when we were together and had a high joint income, no WAY would we have spent even a fraction of that amount on a car.

Cars are money pits, they depreciate from the second they leave the forecourt. I've never bought a new car and I never will.

Now that your husband is earning a lot less, he should cut his cloth accordingly and stop being so selfish. I am 100% in agreement with you, and you are being perfectly reasonable. Has he even paid off the finance on the existing car? Tell him to make do with it, it's only 2.5 years old! Our last car was 13 years old!!!!!

My last car was about 8-9 years old, and I had hardly any problems with it, my new car, well, the amount of problems and money that's been spent on that....say no more! :mad:

The mechanic where we always take our cars laughed and said I should have kept the little purple car as it was no trouble at all :rotfl:

Gingernutty

Part of the reason he wants to change his car is a callous on the sole of his foot??

Did I read that right?

Um, tell him chiropodists charge about £30 tops - one trip per month should sort that.

He wants to spend more on a car than he'll earn in either this year or next year and he'll only keep earning less and less money as time goes on.

Un-bee-lee-va-bull.

Bella73

Sounds like he's in cuckoo land to me. He doesn't earn enough it really is as simple as that. It will catch up with him in the end or doesn't he ever want to retire?

Maybe you need to start spending "your" money on yourself and splitting any costs as he has "his" money it's only right and fair. Don't see why you should fund his lifestyle when he's racking up major debts he cannot afford.

I would draw up a budget plan for him and each time he wants to go out point out that he can't afford to as all his money goes on the car.

Hope you get it sorted.

JimmyTheWig

choir-girl wrote: »

What would we do with the money if not spent on the car, I have pointed out that we should be doing more things together and that at our age (58 & 64) our money should be for us to enjoy, meals out, weekends away etc.

Ok, so how long would he take out the loan to pay for this car?
Once you know that you (or someone on here) can estimate how much the loan would be each month.

Make up a budget of what you would do with this money each month.
E.g. July - weekend away
August - Theatre and meal out
etc

Show him this list, and ask him which he would prefer. Your ideas of things to do together or the car.
If he says the car, I'd be concerned if I were you.

JimmyTheWig

Although I've just had another take on this, from his point of view.
Is he already paying a loan for the current car?
The £2k he gets as trade-in, is that after paying off the current loan?
If so, it might be the case that he sees this as just extending the term of the loan. It might be that the repayments will be the same, just rather than having 2 years left to pay the loan he will have 5 years left to pay it.
In which case he might see it as not actually taking any more money out of the family budget than he already is.