Does anybody know people who can afford a 2012 car?

V Eight

13500 new cars registered to date up 15% from last year. How can people afford to buy new cars in this economic holocaust? Whats going on, does anybody actually know a person who can afford a new car - I don't

xalot

My boss can.

smash

I know people who could probably trade in their old cars and get a fleet of new Renault Clio's.

vectra

Meeeeeeeeeeeeeeeeee..!!

V Eight

V Eight wrote: »

.............. Whats going on, does anybody actually know a person who can afford a new car - I don't[/COLOR]

As with the boom I know loads of folk who could get one through a loan or finance, I know very few who could buy one with unborrowed cash.

There are still plenty of people working in well paid jobs, admittedly they've been hit by increased taxation etc but they are still comfortably well off.

ronaneire

Is that 13500 new vehicles or cars?

FiFiTeg

my dad!

Well in fairness, I could probably afford a 2012 suzuki swift, but not a 2012 (or 2011, 10, 9 8 - you get the picture) E Class.....

There's a very wide range there!

Nonoperational

Are you serious? Tons of people could afford new cars. 85% of adults have jobs, there are billions of euro of savings on deposit... People will always have money. A lot of people have been hit but a lot haven't.

JoeA3

Contrary to what the media would lead you to believe, not everyone is in dire straits. Very fortunately, I would include myself in that category.

coach22

What sort of a thread is this?! Zzzzzzz

Tea 1000

V Eight wrote: »

13500 new cars registered to date up 15% from last year. How can people afford to buy new cars in this economic holocaust? Whats going on, does anybody actually know a person who can afford a new car - I don't

Most people could never afford a new car, the bank was giving them massive loans. Less loans = less new cars, but there are always plenty of people out there making money who can.
What do you think the state of the nation is like? That every single person out there have all dropped from massive 6 figure salaries to the dole or minimum wage?

Mr Benevolent

Why buy a new car? Just wait for some sucker generous person to subsidise your purchase by having them get the depreciation up the backbox. Warranty doesn't mean a thing to me.

keithclancy

It depends on your perspective on 'being able to afford it' and a 'new' car

To some its being able to make the loan repayments, to others its being able to buy it outright in cash.

I'm in the buy outright in Cash category, since I live abroad I have nothing to fall back on if anything went pete tong.

A 2 year old car to me would be a new car, a brand new, never farted in 2km on the clock would be a new new car.

The only time i'd ever get a new new car is if it had a fully operational lease, you can pay that off your Gross wages in Germany

waylander2002

theres lots of money in Ireland still its just not being spent, in post offices alone there is 7 billion of savings, also note most houses at moment are being sold for cash

creedp

JoeA3 wrote: »

Contrary to what the media would lead you to believe, not everyone is in dire straits. Very fortunately, I would include myself in that category.

Its a pity the media don't play that tune a little more and there wouldn't be as much doom and gloom in the country with people unnecessarily hoarding cash in banks here or abroad. Reading the Irish Independent and particularly the Sunday Independent would let you believe that everyone is in dire financial straits and can't put food on the table. Of course who'd believe the Independent?? Luckily there are plenty of people in Ireland in well paid jobs and if they loosened thier purse strings a liitle bit more, the pain of others currently in trouble might be lessenned. For my part my brother-in-law just pulled out a 12 plate A6, he also bought a 11 plate iX35 last year. YOu just have to look around at the number of 10, 11, and 12 plates on the road to know that there are plently out there doing the same thing. Long may it last because if Iriah people stop buying new cars then we really are in trouble...

People rushing out at the end of the year to purchase 2012 and beat the 2% vat increase, even though they will be crippled by depreciation.

Does not compute.

WestWing

waylander2002 wrote: »

theres lots of money in Ireland still its just not being spent, in post offices alone there is 7 billion of savings, also note most houses at moment are being sold for cash

Hmmm...:rolleyes:

Ash.J.Williams

If you have a job and obey your banks terms and conditions you can buy anything.

keithclancy

Ash.J.Williams wrote: »

If you have a job and obey your banks terms and conditions you can buy anything.

Wasn't the cause of the whole Economic Crisis ?

dr.fuzzenstein

waylander2002 wrote: »

theres lots of money in Ireland still its just not being spent, in post offices alone there is 7 billion of savings, also note most houses at moment are being sold for cash

Well, people are not spending because they know the government could turn around and jack up income tax by 20%, tax the bejaysus out of pension deposits, crank vat up by another 10%, in other words there is absolutely no faith in them out there whatsoever.
And, of course, if the Euro goes belly up, your money could go up in smoke too, but rest assured that your debts would stay.
If I had any money (which I don't), I would concentrate on getting it abroad, into another currency, invest in something (NOTHING in this country) that won't go belly up, but one thing I would NEVER do is spend a single penny here.
Therefore the total crash of the Irish economy is almost guaranteed, this course has been locked in by Europe, the IMF and our own government.
Anyone who suggests that our debt can be cleared, is dreaming, it would take hundreds of years.
If you earn €30k a year and your debt is €2 million, you are bankrupt, this goes for people as well as government and no amount of clever banker's math can change that fact.
Unless there's a complete turnabout (which I doubt), we are not only heading for the iceberg, we have just put the engine into full ahead.
No one is spending, because they know that all cash, assets and property in this country will be completely worthless in the near future with 99% probability.

antodeco

I'd like to compare what the increase in credit union loans are, in comparison to the decrease in bank loans!

Eleganza

gpf101 wrote: »

Are you serious? Tons of people could afford new cars. 85% of adults have jobs, there are billions of euro of savings on deposit... People will always have money. A lot of people have been hit but a lot haven't.

15% unemployment is not the same as 85% of adults have jobs; it's no where even close to it.

Sleepy

It's called the Croke Park Agreement. Those in nice cushy government jobs are sitting pretty.

Ash.J.Williams

keithclancy wrote: »

Wasn't the cause of the whole Economic Crisis ?

Their terms and conditions have changed!!! As long as you have cash in your account and have a proven savings record then you're great....

I got refused a small loan recently ....i was sickened...

Sleepy

Sleepy wrote: »

It's called the Croke Park Agreement. Those in nice cushy government jobs are sitting pretty.

........... not in motors ffs, please not in motors.

Sleepy

RoverJames wrote: »

........... not in motors ffs, please not in motors.

Fair enough, only people I can think of that'd be doing well enough to buy new (or get the credit to buy new) would be in the public sector though.

mikemac1

I love when people buy new cars

Better value for me when they decide to change in three years or so

Well done to them

olddognotricks

Volkswagen Bank have said I can have a new car...!!!:)
well in 3 years time
T'will be a skoda btw
yes yes I'm I know I'm mad!!!!!

bazz26

Some people still have steady jobs, didn't borrow beyond their means during the Celtic Tiger. Didn't go out and buy/build houses/mansions they didn't actually need. Didn't get greedy and take on mortgages for additional propert to rent out. Didn't go out and max out the credit card on things so they could live a life they really could not afford.

I would not begrudge anyone for buying a brand new car, they contribute to the economy by doing so. BTW I didn't buy a new car and have no plans to do so either.

creedp

Sleepy wrote: »

Fair enough, only people I can think of that'd be doing well enough to buy new (or get the credit to buy new) would be in the public sector though.

Intersting to know how many people on here who have bought 12 plate cars are public servants

E39MSport

Lots of people can but they choose not to.

sh1tstirrer

I will own my car of 4 years next year

coolbeans

V Eight wrote: »

...in this economic holocaust?

Economic holocaust? Hyperbole much???? Come on, things are bad but it's a deep recession. It could get better and it could get much worse. And to answer your question I know plenty of people who could buy a car but choose not to. Things could deteriorate markedly over the next year and if that happens...well, buying a new motor may prove to be imprudent.

keithclancy

coolbeans wrote: »

Economic holocaust? Hyperbole much???? Come on, things are bad but it's a deep recession. It could get better and it could get much worse. And to answer your question I know plenty of people who could buy a car but choose not to. Things could deteriorate markedly over the next year and if that happens...well, buying a new motor may prove to be imprudent.

*snigger*

Ecomomic Holocaust = Sky Subcription being cut off.

People be crazy.

Tigger

i can but thats mainly cos i never would.

olddognotricks

Just to add -not a public servant of any description-normal private co employee!!

**runs off again**

ardmacha

As said not everyone lost the plot in the Celtic Tiger. Anyone who bought their house in the 90s or inherited one has no problem with the mortgage. Many IT jobs are doing pretty well and agribusiness jobs are probably as good as they were in 2008. 80% of adults are working, 60% of houses have no or a small mortgage, more people are getting pay increases than pay cuts. The overlap between these groups can buy a car. Some of these people might have bought one last year, but saved an extra year instead as a concession to the times that are in it.

MrDerp

Define afford?

I know a few people who could afford it easily.
- 1 is still driving the 2004 E Class he bought as a nearly-new (about 5,000 miles on it). He might be tempted to change it in 2014, but it has a great spec and he's never replaced anything out of the ordinary in it so it might last longer than that in his driveway.
- Another only buys 1-2 year old cars because he reckons he pays enough taxes through multiple businesses without adding VRT and VAT on a new car.
- The rest have company cars, and deal with the boggo spec as extras would have come out of their own pocket. They occasionally pick up a new golf, or a used 7 seater or something for wives.

V Eight

MrDerp wrote: »

Define afford?

Afford.....

Have the money in the bank.
Tick all the boxes for finance.
Own a 2nd hand valuable enough to contribute to a new car.
Know the job you have this year will be there next year.
Live day by day and don't worry about the previous point.
Know for certain your lottery numbers will win next time....

that would be my definition of afford.... V8

E39MSport

Big difference between 'having the money' and being able to afford.

heate

There just seems to be some classic how the hell can someone afford a new car rubbish going on.
Cars have got cheaper over the years someone buying a 5er or an E class isnt having to lash out €60k+
With regards finance the manufacturers have all stepped up to the plate and are willing to lend.

On the 85% of people are working thing - most people have taken significant cuts in addition to many people working less days. The 85pc figure is useless the level of underemployment exceeds the level o employment!

xflyer

Well someone round here can and has. The very first 2012 car I saw was a Mercedes estate.

In theory my wife could afford to buy a new car. But she doesn't need one and in any case wouldn't buy new.

On the point of the economy, really many people haven't yet been hit badly enough. Unless you lost your job or your house. But don't worry the government/EU/Germans have you in their sights. A few more years of tax increases and austerity and things will revert to the days when people who had cars held onto them until they fell apart. Welcome to the past!

keithclancy

xflyer wrote: »

On the point of the economy, really many people haven't yet been hit badly enough. Unless you lost your job or your house. But don't worry the government/EU/Germans have you in their sights. A few more years of tax increases and austerity and things will revert to the days when people who had cars held onto them until they fell apart. Welcome to the past!

Gruss Gott ... who vill buy our autos zen ?!

alexmcred

I've a 2012 car and to be honest I don't see why people think I need to justify it regardless of whether I purchase out right or via loan.

Yes I've had paycuts but I'm sick to my back teeth of the the begrudgery/pessimism that is prevalent in this country at the minute. I do realise some people have been hit very hard and I do feel for them but not every person in the country is on the breadline thankfully.

galwayjohn89

alexmcred wrote: »

I've a 2012 car and to be honest I don't see why people think I need to justify it regardless of whether I purchase out right or via loan.

Yes I've had paycuts but I'm sick to my back teeth of the the begrudgery/pessimism that is prevalent in this country at the minute. I do realise some people have been hit very hard and I do feel for them but not every person in the country is on the breadline thankfully.

Exactly. There is so much begrudgery in this country. When I was working before Christmas people were giving filthy looks to people that were spending lot's in the shop and I heard one person say "they've got to much money" when a couple paid for a display box. People need to cop on we need people to spend to get out of the recession. People buying new 2012 cars is a good thing.

Elessar

alexmcred wrote: »

I've a 2012 car and to be honest I don't see why people think I need to justify it regardless of whether I purchase out right or via loan.

Yes I've had paycuts but I'm sick to my back teeth of the the begrudgery/pessimism that is prevalent in this country at the minute. I do realise some people have been hit very hard and I do feel for them but not every person in the country is on the breadline thankfully.

+1

Drove home in my 2012 Golf Edition-R yesterday. I work full time and can afford the repayments, and still live comfortably. Unfortunately begrudgery is rife in Ireland - it's like you're not allowed to have nice things. But that's just Ireland. What I do with my money is my business. I'm not out to show off, I just want a new car. If someone has a problem with that it's none of my business.

barura

If I could, I'd buy a new car and keep it for the next 8 or so years. This way I could justify/rest assured by some things such as:

- The price of petrol going up would be combated by the better MPG of a newer engine.
- The tax would be reasonable
- Keeping it serviced for the first few years would be thrown in by the Manufacturer, so little worries there.
- Full knowledge of the history of the car.

Also, I would just do something reasonable and get a 1.2 Skoda Combi. As much as I'd love to get something fancy, I can't justify the cost of that at the moment.

Alas, being a lowly student is a problem at the moment... But maybe in a few months, with a full time job, it could happen.

Maybe...

Matthewjohn

My parents! They just paid €27000 on a new golf diesel which i think is mad but they have the money and they did what they wanted to with it

carbon nanotube

V Eight wrote: »

13500 new cars registered to date up 15% from last year. How can people afford to buy new cars in this economic holocaust? Whats going on, does anybody actually know a person who can afford a new car - I don't

60-70% of people who 'own' a 2012 car dont actually own it at all...


I prefer to let someone else take the hit and buy a £20k car for recession price now.

alexmcred

carbon nanotube wrote: »

V Eight wrote: »

13500 new cars registered to date up 15% from last year. How can people afford to buy new cars in this economic holocaust? Whats going on, does anybody actually know a person who can afford a new car - I don't

60-70% of people who 'own' a 2012 car dont actually own it at all...


I prefer to let someone else take the hit and buy a £20k car for recession price now.

Seriously how does it affect you whether the "own" it or not?

Where would the supply of used cars come from unless people went out and purchased new cars.