Who owns their car?

E39MSport

Following from another thread, who actually owns their car as opposed to drive it on the drip, company car, hire purchase, cash loans and all that stuff.

Who actually put their own cash on the table and owes nobody?

Personally I have 4 cars and own them all outright. OH owns hers too.

Owen

I own two, and the other one owns me.

E39MSport

PaintDoctor wrote: »

I own two, and the other one owns me.

lol - I know the feeling.

Anan1

I own mine.

.Longshanks.

Own mine outright. Have done for >13 months.

The OH has a small bit of finance outstanding on hers

TCP/IP

Own mine thx very much.

A-Trak

Bank owns mine for 7 more months.

langdang

Mine all mine, every one so far. Not hard when it's mainly bangernomics tho!
There's gonna be less and less loans - I see loads of houses in my estate that used to have newish Volvo S60,S80, BMW 3series, Audi A4 A6 etc.
Now they have 90odd year Corsa's, Clios, Golfs...

Edit - it being Limerick, I have seen the odd horse trot in when the cousins call to the crowd down the way...

Veloce

I own mine. The previous owner of the car had it repossessed though.

mailforkev

We only have the one car at the moment and paid cash money for it.

Apart from my mortgage I've never had a loan or owed a penny to anyone. Going to try and keep it that way fingers crossed, particularly on an asset that depreciates as quickly as a new/newish car.

But each to their own, I can fully understand why someone would do it on a loan or HP, as long as they have the means to repay it.

jimmycrackcorm

E39MSport wrote: »

Personally I have 4 cars and own them all outright. OH owns hers too.

Ah now, 1988 reg bangers don't count

theteal

I own hers (the bank of the working boyfriend!)

Owe about €1,200 off my own, not for long though

corktina

jimmycrackcorm wrote: »

Ah now, 1988 reg bangers don't count

oh right so...i was going to say I own all 6 , but Id better just claim two in that case...

-Corkie-

I have 3 cars and i own them. I got a car loan before and I swore never again.

staker

OH owns hers,I've 11 months left on an HP

E39MSport

jimmycrackcorm wrote: »

Ah now, 1988 reg bangers don't count

ouch - close though

1975 MGB - 1.8
1991 BMW 850ci - 5.0l V12
1998 corolla - Fred Flinstone style 1.3
2000 100 series cruiser 4.2TD straight 6
OH=2002 530d msport - M57 straight 6

Big Nasty

'99 BMW E38 735 3.5L
'99 Subaru Legacy 2.5L
'79 Pontiac Trans Am 6.6L

12.6L, 20cyl between 3 cars and all paid for!

E39MSport

Looking like I need to retract my ownership comment on the 'fastest car' thread

I own mine but it's worth f all

stealthyspeeder

E39MSport wrote: »

"owns the fastest car"

Technically, I reckon a lot of posters here are ruled out due to the fact that they don't actually own their car. Or at least if they stopped paying for it they wouldn't be in posession of it for very long.

stealthyspeeder wrote: »

Ive met a few motors regulars and even then I wouldnt have a clue about the financial circumstances in which they came to possess their cars.... how you assume this from posts...... baffles me! :eek: I own mine if your curious though.

lol!! early days yet, good thread!

SV

Always owned any of my cars, then again mine have never been more than 5 grand so cheapy cheap.

Next one might be..

knifey_spoonie

I own my 4 aswell, considering i bought three of them in the last year its going well.

E39MSport

E39MSport wrote: »

Looking like I need to retract my ownership comment on the 'fastest car' thread

I'm sure some folks who owe a good lash on their car may tell a white lie or two in this thread ** dashes off to make sure I have the €19 for this Friday's credit union car loan payment :pac:

Mint Sauce

I own my one car.

mickdw

I put some cash & used some personal loan when buying mine. Happily, it will be paid in March/April.

cantdecide

I own one of my cars and both bikes. The mazda ain't mine.

Shane732

I own mine.

In fairness though I think anyone spending fairly big money on a car over the last 5 - 6 years should have a car loan/personal loan (hopefully one that's nearly paid off though!). The APR rates were so ridiculously low that you could borrow at a very low cost of credit. These days are gone now with APR being up around 12%. It just didn't make sense to fork out big money on a car when the cost of credit was so low. Oh for the good ole days!

goat2

TCP/IP wrote: »

Own mine thx very much.

i own my baby with 10 yrs now, it has never let me down, and i do hope it keep passing nct for the next 5 yrs, then i might change

E39MSport

Shane732 wrote: »

I own mine.

In fairness though I think anyone spending fairly big money on a car over the last 5 - 6 years should have a car loan/personal loan (hopefully one that's nearly paid off though!). The APR rates were so ridiculously low that you could borrow at a very low cost of credit. These days are gone now with APR being up around 12%. It just didn't make sense to fork out big money on a car when the cost of credit was so low. Oh for the good ole days!

Good point - ta.

Eric Cartman

I own half mine, credit union loan on the other half, at 6% which aint bad

Stheno

Veloce wrote: »

I own mine. The previous owner of the car had it repossessed though.

Bf is the same, took longer to clarify that it was clear of any finance than any other aspect of the purchase.

I also own my own car, but that said it's a ten year old Alfa, that I've had 2.5 years, wouldn't want any finance outstanding. I've always tended to have cheap cars for that reason, if/when the day comes that I can afford a fancy car straight out then hopefully I'll get it

SomeGuyCalledMi

My simple rule - If you cant afford to pay cash for a car then buy a cheeper one or keep the one you have. Car loans are a dreadfull waste of cash.

Instead of paying a loan you should put the money into a high interest account and earn interest instead of paying it. You could be 600 quid better off.

unkel

MCMLXXV wrote: »

20cyl between 3 cars and all paid for!

Damn, I've only 18cyl between 3 cars and all paid for. Two years ago it was still 20cyl

solerina

Own My car
Bought my first car, paid it off in two years....drove it until it was almost dead.....scrapped it last May (sadly...) and got a 10 Reg...had saved for last 6 years of my old car so bought it outright......will have it until it bites the dust too !!!

L1011

I own a wreck of a Pug I intend to restore and I could cover the balance on the unsecured loan I bought the other one with with my credit card if I had to (expensively!) prove a point.

pburns

Only got a loan for my first car. Own 2 now.
The older one was a bad buy though, a Navara bought before all the builders went bust and started giving them away.

There was a guy on here a couple of years ago who used to chop in M3s and Porsches every few months cos he grew 'bored' with them, all on the drip...

gally

Always always always owned my own cars,would,nt give those f***ing banks and finance companies the exhorbitant interest they wanted,nor the garages their massive hourly servicing rates.I service my car and my wifes car and my motorcycles myself- because i love mechanical things -and educated myself to do so.
I read about guys moaning about not being able to tax their 08 or 09 BMW because next months payment is due on their loan.It would never cross their silly little minds to live within their means and buy a small affordable car.
This is the attitude that f***ed up this country.It pisses me off that while I owe no institution or individual anything I now have to pay through my taxes for the instant infantile gratification of the idiots who don,t own their own cars.
The only upside is I can buy their repossesions for peanuts-cash on the nail!

andyseadog

i once took out a small personal loan to buy a car. after a year i saved like a man possessed to pay it off early.

never EVER again will i be getting into finance over a car. if i cant afford it from my savings, im not having it.

Iwannahurl

Paid cash for the car.

Got the impression that the sales guy was mainly interested in selling me car finance and that he got a bit bored when I turned out to be a cash buyer.

Iwannahurl

Iwannahurl wrote: »

Got the impression that the sales guy was mainly interested in selling me car finance and that he got a bit bored when I turned out to be a cash buyer.

No doubt, in fairness to him though, he quite likely was under pressure to make his cash off the finance too, mouths to feed and all that.

Iwannahurl

Perhaps.

They had a yard full of unsold cars at the time, vast majority of which I could not afford. They went bust soon after, a victim of the Celtic Casino wipe-out.

mike65

Never bought a car with anything other than my own cash. Okay I only ever buy
old bangers...

Matt Simis

unkel wrote: »

Damn, I've only 18cyl between 3 cars and all paid for. Two years ago it was still 20cyl

20cyl between 2 cars here! :P 25 with the Alfa added to the mix.
Technically all paid for and not on finance or anything, but I have so many other financial "commitments" I fear I may be hunted down by Banks at any moment regardless! :P

I did take out a loan for a car once (though not a car loan), never again!

Matt Simis

Matt Simis wrote: »

Technically all paid for and not on finance or anything, but I have so many other financial "commitments" I fear I may be hunted down by Banks at any moment regardless! :P

National pastime at the moment is fearing that. I remember pre Celtic Tiger "Tayto" were the national pastime according to the adds, anyone else remember when they were 16p? :pac:

x in the city

always owned my cars, first car i had was a 89 colt, financed

first and last finance i got.

cars are so cheap here there is no reason to finance anything

x in the city

x in the city wrote: »

cars are so cheap here there is no reason to finance anything

If no one bothered with finance the cheap stuff wouldn't be quite so cheap though

Stealthirl

owen both of mine,the bettle was left to me in 86 and i bought the soarer from cash id saved up 4-5 years ago

only lone iv ever had was the morgage and im finished with that now

E39MSport

Stealthirl wrote: »

owen both of mine,the bettle was left to me in 86 and i bought the soarer from cash id saved up 4-5 years ago

only lone iv ever had was the morgage and im finished with that now

Finishe with the mortgage? Jammy goit

enda1

I lease my car. Its great! Stress free motoring and a brand new one every 2 years.

E39MSport

enda1 wrote: »

I lease my car. Its great! Stress free motoring and a brand new one every 2 years.

yeah - but don't you have to be uber careful with them? Mate of mine does the same in the UK but he's always worried about it. The idea of chucking it back after 2 years is appealing however.

But I prefer to own my own.

enda1

E39MSport wrote: »

yeah - but don't you have to be uber careful with them? Mate of mine does the same in the UK but he's always worried about it. The idea of chucking it back after 2 years is appealing however.

But I prefer to own my own.

Don't have to be too careful. Insurance has an excess of 125 I think, and its fully comp.

But if you hand the car back with damage, then its 125 per side for repairs.
So basically I get everything repaired the month before handing back, keep all nicks till the end and claim once - pay the excess and Bob's yer uncle.

Its really handy. Tyres, oil, maintainable all included. 15000km per year mileage. Drive less, get money back, drive more, pay more.

I love not having to give a shit about the car to be honest. I can then treat it like the impersonal consumer good it is.