Car Prices... what the...

motorguy

dipsomaniac said:

I agree....🙂

Ah the self appointed Forum God has returned. 

So what would your cut off criteria be for being "allowed" to ask a question on here?

• Price paid for the car?
• Brand?
• Age of the car?
• Salary?

And how would propose people evidence that for you?

Its all very confusing now you're in charge because one of my cars is 2019 and one is 2006.  So can i post on here, but only if its about the 2006 car, or should i take an average age?  

dipsomaniac

Thanks for the promotion mg.  As forum god😇 thou shalt not spend more than 10% ones income on a motor😇. Thou shalt buy said motor at best price and not serviced by a main dealer. In your words mg find a good indy that you can trust.  Easier said than done🙂 or just buy a £200 focus and enjoy. I have enough

DiseasedBunny

motorguy said:

DiseasedBunny said:

Solved my car price problem - just bought a new one, got to wait until September for delivery though 

Good for you!  Not tooooo bad a lead time given the current market.

What were they like to deal with on a new car?

£5k for mine, wbac offered 5.5k so 500 less but car needs some cosmetic work so fine with that,   and 1750 off as dealer offer, so 22k down to 16k for Hyundai kona.  

Grumpy_chap

dipsomaniac said:

Thanks for the promotion mg.  As forum god😇 thou shalt not spend more than 10% ones income on a motor😇. Thou shalt buy said motor at best price and not serviced by a main dealer. In your words mg find a good indy that you can trust.  Easier said than done🙂 or just buy a £200 focus and enjoy. I have enough

How is the 10% of income defined please?
Is it 10% of annual income as the maximum price of the car?
Is it 10% of monthly income as PCP / lease payments?

Those two different interpretations achieve totally different outcomes in terms of the type of car that can be had by someone on average salary of around £32k
https://www.gq-magazine.co.uk/article/average-uk-salary

How is the 10% income defined for a pensioner with a large lump sum in the bank?

What about a person deriving income from BTL?
Investments?
Dividends?

What about a person taking NMW of choice so that they reduce their income tax and NI liabilities?

ontheroad1970

I hope that Fred doesn't use Youtube as guidance for everything in his life.  I'm trying to flush it out but I have vision of a significant other waiting in bed while he looks at a manual on YT...

Grumpy_chap

ontheroad1970 said:

I hope that Fred doesn't use Youtube as guidance for everything in his life.  I'm trying to flush it out but I have vision of a significant other waiting in bed while he looks at a manual on YT...

I don't think YT carries that type of manual.  There may be a content hub somewhere on the web that covers that type of subject matter.

Ibrahim5

The average take home pay for a full time worker is £30k. So if they save up all their earnings for 4 years they could buy an R8. The 2 work colleagues who spent a lot on cars I did a bit more research on yesterday. They are both still working age 77.

Herzlos

Ibrahim5 said:

The average take home pay for a full time worker is £30k. So if they save up all their earnings for 4 years they could buy an R8. The 2 work colleagues who spent a lot on cars I did a bit more research on yesterday. They are both still working age 77.

I think we all know that not everyone can afford a £120k supercar. But that doesn't mean there's any reason to be jealous of those who can.  Be happy for other people, and you'll have a better life

photome

Ibrahim5 said:

The average take home pay for a full time worker is £30k. So if they save up all their earnings for 4 years they could buy an R8. The 2 work colleagues who spent a lot on cars I did a bit more research on yesterday. They are both still working age 77.

why are you so hung up on what people can and cannot afford ?

there are many ways to pay for things and just because someone earns 30k a year doesnt mean they cant afford an R8

so what if they are still working at 77, Joe Biden is 79, is he still working to be able to afford an R8

motorguy

Ibrahim5 said:

The average take home pay for a full time worker is £30k. So if they save up all their earnings for 4 years they could buy an R8. The 2 work colleagues who spent a lot on cars I did a bit more research on yesterday. They are both still working age 77.

Yup.  Sounds about right.  "not everyone can afford expensive things" shocker.  

So whats your point?