We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Do You OWN Your Vehicle?
anotheruser
Posts: 3,485 Forumite
Just interested
Company cars / vans for work don't really count for this poll as it will never be yours / never have a chance of being yours.
Company cars / vans for work don't really count for this poll as it will never be yours / never have a chance of being yours.
Do You OWN Your Vehicle? 221 votes
Yes - Outright!
88%
195 votes
Yes - Hire Purchase / Other
2%
5 votes
No - Had loan to cover the cost, currently paying that back
2%
5 votes
No - Car Lease / Purchase Hire
5%
13 votes
Other
1%
3 votes
0
Comments
-
-
anotheruser wrote: »Company cars / vans for work don't really count for this poll as it will never be yours / never have a chance of being yours.
That's why I voted Other.
0 -
Well, so far 8 cars out of 9 votes cast are owned outright, that's in the true spirit of the site.0
-
I've got a 05 reg car that i bought about 8yrs ago.
Starts first turn of the key and been through each Mot needing little or nothing.Liverpool is one of the wonders of Britain,
What it may grow to in time, I know not what.
Daniel Defoe: 1725.
0 -
gilbert_and_sullivan wrote: »Well, so far 8 cars out of 9 votes cast are owned outright, that's in the true spirit of the site.
Why?
Whos to say they got a good deal and whos to say they are driving the most cost effective car for their needs?
I'll give you an example - and this is a genuine example, not one made up.
Two colleagues of mine have each got Golf Rs.
One leased his - six months down, 36 months @ £246 a month inc VAT.
The other bought his outright @ £31,000. He buys a new top end Golf every three years. He'll get £15,000 for it come resale time in three years time.
The guy leasing will have spent £10,332 doing so. The guy buying for cash will have lost £16,000 in the same time.
Which is more MSE?0 -
Lease car for me. No depreciation, tax or maintenance costs. Just insurance.0
-
Not sure what you mean by that one.gilbert_and_sullivan wrote: »Well, so far 8 cars out of 9 votes cast are owned outright, that's in the true spirit of the site.
As we DID own our car(s) outright, but have since got rid of our OWN car and now lease instead. which renders the whole poll as mishmash.:A:dance:1+1+1=1:dance::A
"Marleyboy you are a legend!"
MarleyBoy "You are the Greatest"
Marleyboy You Are A Legend!
Marleyboy speaks sense
marleyboy (total legend)
Marleyboy - You are, indeed, a legend.0 -
I own mine outright now but originally took out a low interest loan for part of the costwwhich has since been paid off.0
-
-
Gloomendoom wrote: »And, presumably, the cost of the lease... which includes depreciation, tax and maintenance costs.
But not depreciation at the rate you or i would pay.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards