How expensive is New Shite?

[cort16]

For most people it's not how much the car costs it's how they you pay a month. Most manufacturers are doing PCP's now with a gaurenteed future values after 36 or 42 months so you're offsetting a chunk of the cars purchase until the end. When you get to the end you give it back or chop it and put the difference against your new car.

It doesn't protect you against depreciation but it does let you predict it. Because of this you can get a decent spec new car for less than £200 a month. Not MOT's, repairs under warranty so you can see why people do it.

[Cavcraft]

Trouble is while the benefits (servicing, depreciation, MOT etc) are good you never really own the car so just lease it. Horses for courses so you can't blame people, though I'd prefer to spend two of those payments on a car that would hopefully last me a couple of years at least.

[garethj]

Trouble is while the benefits (servicing, depreciation, MOT etc) are good you never really own the car so just lease it.

Their reasonable reply is "why would you want to own it?" which is a fair point, I feel the same about my fridge. Known monthly payments are how we seem to live, in fact it's strange that cars are adopting the business model of Radio Rentals when their own business collapsed with TVs. Perhaps it's because cars now are like TVs were in the '70s - they'd go along fine for a while but if something goes wrong it'll be a massive bill. When I was a kid I remember the Radio Rentals man having our TV spread over the living room carpet quite a few times, all taken care of through the monthly (or was it weekly back then) payments.

 

Horses for courses so you can't blame people, though I'd prefer to spend two of those payments on a car that would hopefully last me a couple of years at least.

That's why you're here instead of bestleasedeals.com

[Mr Lobster]

Just bought newish car from a franchise and despite paying cash they insisted the finance manager came to talk to us. They seemed to think it most odd that we didn't want to just pay a monthly instalment and really tried to convince us that it would be better to take their finance at whatever interest rate than pay cash even though by their own admittance finance would be more expensive. I had never previously seen anyone try to justify this as being a good thing.

[trigger]

They make more money from finance deals then cash sales these days hence them trying to hard sell you, tell them FO or you'll take your cash elsewhere.

[Mr Lobster]

^ I did!

 

Given I also somehow managed to get slightly over £2k off the screenprice I suspect this wasn't a very profitable days work for them

 

Spent a little bit too long looking at the Dacia website today. A 1.6 2wd Duster with steel wheels in white is calling my name a bit.

[ashmicro]

They make more money from finance deals then cash sales these days hence them trying to hard sell you, tell them FO or you'll take your cash elsewhere.

 

This. When my little sister was on her honeymoon (2003), I went up to DFS in Belfast to buy her and her husband a living room suite, and a dining room table & chairs. They had NO mechanism in place for me NOT to buy the stuff on credit. Eventually some shiny-suited cunt begrudgingly said they'd take a credit card, which I didn't have either, just cash.

 

Fucked them off at the high port, and went to a family run place on the Newtownards Road, who were more than happy to take a wad of £20 notes.

[cort16]

I think everythings on tick these days. I bought a telly a few months ago that was just 500 and something quid and they had difficulty with the fact I was paying for it in one go.