Car goosed but can't get credit

sourcrates

Rain_Shadow wrote: »

:rotfl::rotfl::rotfl:


Plugs and filters may have been dead straightforward back in the day but check this out for a 3 series BMW and being done by a BMW trained technician.


https://www.youtube.com/watch?v=eG7W4d-fk5w

Ha ha, there's always an exception to the rule lol.


At least the corsa should be easier to work on !!!!

lazer-zxr

Underachiever wrote: »

I was under the impression that the majority of cars on the road were under finance, now that I think of it, I don't know a single person who "owns" their car, all are through different forms of finance. Maybe I'm missing something? Or maybe you are as I doubt every car you pass/see is owned and is most likely on some type of finance.

I'd be shocked to think most people are driving around in cars they can't afford (ie on finance). Nearly everyone I know drives a car they own and can afford.

lazer-zxr

Well smoke you a kipper ......

"In 2006, about 45% of new cars in Britain were bought on "finance" (loans, leases and PCP). In 2013 so far, 74% have been brought on finance, according to the Finance and Leasing Association."

Crazy.

Scottishmummy

lazer-zxr wrote: »

Well smoke you a kipper ......

"In 2006, about 45% of new cars in Britain were bought on "finance" (loans, leases and PCP). In 2013 so far, 74% have been brought on finance, according to the Finance and Leasing Association."

Crazy.

I would think that would be more likely if they were buying new. I don't know anyone that buys brand new cars - always second hand. We have two both over ten years old now but bought cash at the time - one multiple previous owners the other only two previous owners.

lambda

lazer-zxr wrote: »

Well smoke you a kipper ......

"In 2006, about 45% of new cars in Britain were bought on "finance" (loans, leases and PCP). In 2013 so far, 74% have been brought on finance, according to the Finance and Leasing Association."

Crazy.

This doesn't surprise me. It is unbelievably ludicrous. People are stupid. No wonder so many people are up to their eye balls in debt. We live in a society where people want everything now; they think they deserve it but have no money to actually afford it. Ludicrous. (sorry, rant over )

Mrs_Ryan

OH's car is on finance- he had his last car from new and literally ran it into the ground. It had 100k on the clock when it limped back into the dealership, five years old and 12 months after the finance was paid off. The finance costs him £100 per month plus £35 for a service plan which is very affordable to him- he drives a lot of miles to work and the roads around where he works are very poorly maintained so he needs a reliable car. He has 0% finance on the car, and I even negotiated cash back as he went to the main dealer where he had bought his last two cars and had them serviced. He couldn't pull 6.5k out of thin air all of a sudden, he has savings locked in a bond which would have paid for a car and was in fact intended for it but couldn't access them for another year and he badly needed a car then as the old one went very wrong very quickly.
Having finance doesn't necessarily mean you're being frivolous and getting something you can't afford.
OP sounds like you're having a mare, hope something turns up for you.

chelseablue

Another one here who owns their car outright. Its a 2006 Nissan.


*Touch Wood* only thing that's gone wrong with it so far was last year when I had to spend £300 getting the suspension fixed.


My partners car is a lease car that costs £129 a month, it was cheaper to lease one than to buy one.

Grenage

I bought my first car for 5k, drove it for 14 years, and it needed work twice; I did the oil changes/filters/plugs with a friend. I only replaced it because I got given a much newer car for free. The new car needed a new starter motor within 2 months, and a crap load of other things needed sorting.

Luck of the draw.

I'd rather pay £1000 for a half-decent used car than pay new car prices, or any finance deal. Honestly, if some people added up all of the interest they'd needlessly paid over their life, rather than save up and then purchase), they would weep.

andyfromotley

Underachiever wrote: »

Well no not really, my friends BMW broke down, the car was new and under warranty, the dealership provided him with a courtesy car while they fixed his under warranty and then he collected his car once the work was done.

My mechanic just says it's bad luck plus most new cars are built to accommodate a "throw away society" so they don't seem to last, he sees problems now on 5-6 year old cars which wouldn't be expected until the car was 10+. If I have any other fault with the car I no longer have the money to repair it as all of my savings are gone

I think we have found the problem. Your mechanic doesnt know what he is talking about. Every bit of information and research out there confirms that cars are getting much much more reliable. I would find me a new mechanic.

Brock_and_Roll

I have a relative who is a senior executive at a luxury car-maker - when pressed as to the expected life-cycle of a new car, he made it clear that their business plan relies on the buyer replacing the car within 5 years - that does not of course mean that the car does not have a market after this period.

Personally, I have "got over" the car bug I had in my youth. Whislt I am lucky to have a highly-paid job, we now run two cars - my beloved 19 year old Toyota Corolla which surely must be the most reliable car in the world. Only major parts replaced in 19 years were can belt and radiator . Still original clutch and exhaust!

Other car is a 2005 Mondeo bought for £1.25k in 2011 with 67k on the clock. Given trouble free and relatively luxurious motoring for 4 years now with only costs being a set of timing leads.