How do people afford £30k-£60k cars with normal jobs?

Mercdriver

buglawton wrote: »

24,000 diesel cars surveyed is a lot of effort for clickbait so maybe that's why the non-tabloid the DT headlined it. You're right about them being older cars, av value say £2000 though, which makes the depreciation quoted much more alarming. It will feed through up the chain to newer models.

Do you know the difference between the tabloids and non tabloid tabloid newspapers?

The non tabloid tabloids are quite happy to quote or use the same sources as the red tops. You'll rarely see it the other way around. So don't think for a second that a Daily Telegraph article is any better than the Daily Fail. It's only as good as its source.

Mobeer

Get a regular savings account or two
Don't smoke \ shop to excess \ waste money elsewhere
Don't have kids

motorguy

buglawton wrote: »

24,000 diesel cars surveyed is a lot of effort for clickbait so maybe that's why the non-tabloid the DT headlined it. You're right about them being older cars, av value say £2000 though, which makes the depreciation quoted much more alarming. It will feed through up the chain to newer models.

They werent "surveyed". :rotfl:

They've all the data at hand - thats what they do. No coincidence at all that their full URL ended up in the article. It was pretty much an advert for "come see what we can get you for your car - before its too late!"

The tabloid papers ran with it and the DT foolishly picked up on it too.

motorguy

buglawton wrote: »

You're right about them being older cars, av value say £2000 though, which makes the depreciation quoted much more alarming. It will feed through up the chain to newer models.

Some old scrapper losing a few hundred over the course of a year is pretty typical.

They deliberately picked out the worst and chose a timeframe that exaccerbated the change.

And it wont feed "up the chain". Thats wholly not how it works. Prices drop from the top downwards, not from the bottom up.

motorguy

The same newspaer - the Telegraph just 9 days later - "Diesel cars defy 'demonisation' with steady price rises"

http://www.telegraph.co.uk/business/2017/09/20/diesel-cars-defy-demonisation-steady-price-rises/

The “demonisation” of diesel has not caused a collapse in the price of secondhand cars powered by the fuel, according to new research. In a study which confounds public perception in the wake of VW’s “dieselgate” scandal, data from Autotrader show that the average price of a used diesel car rose by 6pc year-on-year last month.

The company’s figures are considered highly authoritative with 65pc of all secondhand cars sold in the UK going through Autotrader’s website.

The company’s market report also found that while the annual rate of increase was 6pc in August, the underlying rate of price rises was a stable 2pc and diesel car prices had not declined since 2012.

Motorists’ interest in diesel cars remains stable, with potential buyers searching for the fuel type more than any other. Some 55pc of searches were for diesel, 40pc for petrol and the remainder alternative fuel vehicles such battery-powered cars.

fiisch

Depends on your priorities.... I've just bought the new (old) Civic Type R on PCP for my very short commute. It's £478 a month (which is around 12% of our monthly take-home, and more than 50% of what we pay on our mortgage), plus it'll chew it's front tyres every 5,000 miles, and if I'm careful, which invariably I'm not, I can get upto 30mpg.

My wife also has a new car - another £220 per month. My perspective is that with a new car, the costs are a "known" quantity - especially as previously I've always had fairly lengthy commutes. I'm also a big petrolhead, so for me having something tasty is fairly high up the list of priorities. I also spend a fortune on keeping the !!!!!!s clean, but then I'd list my car as one of my hobbies.

However, I've just had a baby daughter, so maybe in the future I'll look to keep at least one long term (the Type R is limited edition, so residuals might be pretty kind).

If you have a halfway decent deposit, you can get some very expensive cars on a relatively cheap deal - the BMW 240 for example, is £299 per month with a £7k deposit (that's PCP, not lease). If you're willing to lease, the numbers get even more tempting, although you need to find a deposit each time and there is a higher risk of being charged for damage and mileage at the end of the term.

Cars are money pits - unless you're incredibly lucky or you buy an already expensive classic - they will invariably depreciate heavily. It all comes down to what % of your earnings you're willing to throw at having a nice set of wheels...

Incidentally, I've just seen a Facebook ad (I get bombarded with lease deals on social media for some reason... hmm wonder why!?) for a lease deal of the Ferrari 488 - six month's deposit and £1250 per month for 5k miles / year. That's almost doable!!

realaledrinker

martinsurrey wrote: »

You can pick up a NEW golf R 2.0 DSG for £22k,


http://www.buyanewcaronline.co.uk/volkswagen/golf/golf-diesel-hatchback/2.0-tdi-rline-5dr-dsg/

The 'R-Line' is not a 'R'. 296bhp v 150, 4.9 secs 0-60 vs 8.6, etc, etc

buglawton

motorguy wrote: »

The same newspaer - the Telegraph just 9 days later - "Diesel cars defy 'demonisation' with steady price rises"

http://www.telegraph.co.uk/business/2017/09/20/diesel-cars-defy-demonisation-steady-price-rises/

The “demonisation” of diesel has not caused a collapse in the price of secondhand cars powered by the fuel, according to new research. In a study which confounds public perception in the wake of VW’s “dieselgate” scandal, data from Autotrader show that the average price of a used diesel car rose by 6pc year-on-year last month.

The company’s figures are considered highly authoritative with 65pc of all secondhand cars sold in the UK going through Autotrader’s website.

The company’s market report also found that while the annual rate of increase was 6pc in August, the underlying rate of price rises was a stable 2pc and diesel car prices had not declined since 2012.

Motorists’ interest in diesel cars remains stable, with potential buyers searching for the fuel type more than any other. Some 55pc of searches were for diesel, 40pc for petrol and the remainder alternative fuel vehicles such battery-powered cars.

50% of diesel drivers plan to switch fuel
https://www.autocar.co.uk/car-news/industry/diesel-sales-set-slump-due-pollution-fears-autocar-investigation
(Survey of 1000 drivers)

Mercdriver

buglawton wrote: »

50% of diesel drivers plan to switch fuel
https://www.autocar.co.uk/car-news/industry/diesel-sales-set-slump-due-pollution-fears-autocar-investigation
(Survey of 1000 drivers)

Which came first? The survey or the negative publicity?

I'm guessing the latter.

fred246

Our last family car cost £8000. I sold it 17 years later for £250. Cost £38 a month. It only broke down once - in it's first week of ownership. No major repairs. Kept it totally away from garages (apart from MOTs) so no damage done. Drove exactly the same the day I bought it as the day I sold it. No banging (I assume a banger would bang). For 14 of the 17 years I was earning six figures. I guess cars aren't a priority for me. Nobody at work bothers about what you drive. Some neighbours I think are a bit upset. It's like I've run away with the ball and refuse to play. I think they would like me to have a little Mercedes so they can prove superiority with their big Mercedes.