How the f**k can you afford a decent car?

Allinall

mloc123 wrote: »

https://www.daft.ie/dublin/houses-for-sale/churchtown/19-braemor-park-churchtown-dublin-1583697/

Only plebs live in a semi-d

My house is semi-detached on both sides.

Does that make me twice as poor? -:)

Twenty Grand

Squidgy Black wrote: »

Tesla autopilot does.

But there's a big difference between a corner and a bend in the road. Most modern lane assist cars will guide you around a bend.

Show me a video of Tesla autopilot autosteering on Irish roads, or any road without lane markers.
Love how the bar went from a 25k golf, to a 40k golf to a 100k Tesla.

Nikki Sixx

Squidgy Black wrote: »

It's ironic that certain people are getting their backs up saying people only buy cars to have a newer reg number, when it comes across that they're very bitter that they don't have a newer reg number

I’m sure a car two or three years old would do the job nicely, but it wouldn’t have the wow factor of the new car.

Toyotafanboi

I think the problem is lane assist isn't intended to "auto pilot" you around actual corners, it's only intended to carry out minor corrections on motorways etc from driver imperfections. It isn't intended for "look, no hands" type stuff.

jmreire

Toyotafanboi wrote: »

I think the problem is lane assist isn't intended to "auto pilot" you around actual corners, it's only intended to carry out minor corrections on motorways etc from driver imperfections. It isn't intended for "look, no hands" type stuff.

Yes, but there are cars out there now that will park themselves " Look no Hands" I have been in one recently, and it parked itself up very neatly into a space that was not exactly over sized. But this lane warning, close proximity etc, is all heading in the one direction,,,driver less cars. From 2022 ( I think) it will be compulsory for all new cars to have speed limit recognition capability, the car will recognize a speed limit, and slow itself down. Eventually, you will have electronic way points embedded in the road surface, and they will link to the car controls. So enjoy the twists and turns while they are still there.:D

Twenty Grand

jmreire wrote: »

Yes, but there are cars out there now that will park themselves " Look no Hands" I have been in one recently, and it parked itself up very neatly into a space that was not exactly over sized. But this lane warning, close proximity etc, is all heading in the one direction,,,driver less cars. From 2022 ( I think) it will be compulsory for all new cars to have speed limit recognition capability, the car will recognize a speed limit, and slow itself down. Eventually, you will have electronic way points embedded in the road surface, and they will link to the car controls. So enjoy the twists and turns while they are still there.:D

The car won't slow down, it'll just recognise the limit.
This is introduced about 10 years ago and is already on many many cars.

Atlantic Dawn

nice_guy80 wrote: »

I've seen people pull up in high speced BMWs and put 10 euro of diesel in
All fur coat and no knickers

It wouldn't be worth putting €10 in for the wear and tear on the fuel door and brake pads :pac:

Eric Cartman

lalababa wrote: »

Nearly without exception when I ask somebody what they are driving they reply with model and year. When I'm asked I reply with model....with little hesitation they follow up with what year? It's rather endemic here I'm afraid.
It's like having your house painted every 3 years or bringing out the good china for the relatives, or going to Mass in rural Ireland. Car reg you can add to that...i.e. keeping up appearances.
That said there are a lot of people who don't buy into that kind of craic and some of them buy new cars every few years, and fair f##ks to them!

There are some people who are absolutely not car people who when asked ‘what do you drive’ ‘ohh its a one-seven-one’ etc...

The reality of this all is :

There are people who lease cars for business / mileage reasons, changed every 3 years, makes oerfect business sense and is a cost effective way to keep a company fleet.

There are people who buy a new car on finance every year or 3 to impress the neighbours with a new reg and usually end up buying something awful

There are people who buy new cars on finance because they like new cars, they want a warranty and to never have to think about anything beyond tyres and a prepaid service plan.

There are people who buy new cars cash because they want to

There are people who buy used cars cash because they want to

There are people who buy used cars on finance because they want a better car than they can afford cash, or dont have the ability to finance a new car

And all of this is fine, theres a place in the motors market for all of it.

I personally think buying for a new plate or pissing off neighbours is retarded , but sure Im not an envious / keep up with the jonses type.

Aside from the plate buyers, everyone else has a place, used car buyers need new car buyers to fill the market, new car buyers pay for the r&d on the future new cars and therefore future used cars.

The great thing about being an actual ‘car enthusiast’ is that youre allowed to get excited about a lad buying a shed of a 15 year old avensis for a few hundred and cleaning it up to look and run like showroom , while also loving somebody restoring a 90s german luxobarge , while cruising 5 grand or under barges from 10 years ago on donedeal and marvelling at how cheap (what were) 100k cars are now , and then liking the pictures from a lad proud of his new bmw without asking if its paid for cash/pcp/company lease.

GreeBo

Some people give the year because it's a pretty relevant fact about the car.

If I say I have a BMW m5 you don't know if it's from 1985 or 2019...and there is a pretty big difference between the two. It's not reg snobbery , is just the easiest way to give a lot of info on the car.

Reg snobbery seems more on the listeners side to me tbh

McCrack

GreeBo wrote: »

Some people give the year because it's a pretty relevant fact about the car.

If I say I have a BMW m5 you don't know if it's from 1985 or 2019...and there is a pretty big difference between the two. It's not reg snobbery , is just the easiest way to give a lot of info on the car.

Reg snobbery seems more on the listeners side to me tbh

No if you had an M5 that was either from 1985 or 2019 you would reference it as an E28 or f90... Your listener is either in the know or not. If they're not they dont care and didn't ask you to tell them what car you have

Shefwedfan

GreeBo wrote: »

Some people give the year because it's a pretty relevant fact about the car.

If I say I have a BMW m5 you don't know if it's from 1985 or 2019...and there is a pretty big difference between the two. It's not reg snobbery , is just the easiest way to give a lot of info on the car.

Reg snobbery seems more on the listeners side to me tbh

I don’t care if 85 or 2019 so no idea why anyone would give the year.....if someone mentioned the year to me that would be quick exit to the right for me....

No idea why anyone would want to talk or even mention year of car....

jmreire

Twenty Grand wrote: »

The car won't slow down, it'll just recognise the limit.
This is introduced about 10 years ago and is already on many many cars.

Yes, my sat-nav already tell's me when I'm entering speed limit zone, and of course to set your speed is not new technology,,it's been around quite awhile, but what is being planned takes it a stage further see below article:-

The change will be introduced in 2022.
All new cars in Europe will be fitted with speed limiters and other mandatory safety devices after 2022 following the approval of a European Transport Safety Council proposal.

According to a report by Evo, new cars will be fitted with a system called Intelligent Speed Assistance (ISA), which will use GPS data and traffic sign recognition systems to limit the car's engine power, and with it the car's speed.
Similarly to the speed limiters available on cars currently, the system can be overridden by a sharp push on the throttle. However, unlike speed limiters we have at the moment, "If the driver continues to drive above the speed limit for several seconds, the system should sound a warning for a few seconds and display a visual warning until the vehicle is operating at or below the speed limit again," according to the European Transport Safety Council (ETSC).

Mad_maxx

Eric Cartman wrote: »

There are some people who are absolutely not car people who when asked ‘what do you drive’ ‘ohh its a one-seven-one’ etc...

The reality of this all is :

There are people who lease cars for business / mileage reasons, changed every 3 years, makes oerfect business sense and is a cost effective way to keep a company fleet.

There are people who buy a new car on finance every year or 3 to impress the neighbours with a new reg and usually end up buying something awful

There are people who buy new cars on finance because they like new cars, they want a warranty and to never have to think about anything beyond tyres and a prepaid service plan.

There are people who buy new cars cash because they want to

There are people who buy used cars cash because they want to

There are people who buy used cars on finance because they want a better car than they can afford cash, or dont have the ability to finance a new car

And all of this is fine, theres a place in the motors market for all of it.

I personally think buying for a new plate or pissing off neighbours is retarded , but sure Im not an envious / keep up with the jonses type.

Aside from the plate buyers, everyone else has a place, used car buyers need new car buyers to fill the market, new car buyers pay for the r&d on the future new cars and therefore future used cars.

The great thing about being an actual ‘car enthusiast’ is that youre allowed to get excited about a lad buying a shed of a 15 year old avensis for a few hundred and cleaning it up to look and run like showroom , while also loving somebody restoring a 90s german luxobarge , while cruising 5 grand or under barges from 10 years ago on donedeal and marvelling at how cheap (what were) 100k cars are now , and then liking the pictures from a lad proud of his new bmw without asking if its paid for cash/pcp/company lease.

Difficult to buy anything decent with the kind of motor tax regime here

On occasion, you can buy a perfect Mercedes for under 10 k only to be hit with a monster annual road tax bill, I've no issue with driving a ten year old car but you are punished for doing anything unconventional

bidiots

What the **** is this thread about

R.O.R

nice_guy80 wrote: »

I've seen people pull up in high speced BMWs and put 10 euro of diesel in
All fur coat and no knickers

That's because my demo might be going back any day now, and I'm dammed if someone is getting the benefit of my fuel allowance as you can be damn sure the next one will have the fuel light on when I get it.

btkm8unsl0w5r4

bidiots wrote: »

What the **** is this thread about

Absolute alternate reality nonsense

Ludo

Karter Green Ferret wrote: »

Absolute alternate reality nonsense

It's a brilliant thread..leave it alone

Shefwedfan

bidiots wrote: »

What the **** is this thread about

Stuff....and things

GreeBo

Shefwedfan wrote: »

I don’t care if 85 or 2019 so no idea why anyone would give the year.....if someone mentioned the year to me that would be quick exit to the right for me....

No idea why anyone would want to talk or even mention year of car....

But the 85 car is completely different than the 2019 car... so you have no idea what I'm actually driving unless you know the year?

Its nothing to do with snobbery or anything else... its something that tells you arguably as much as the model of the car. I'm not telling you so you know i have a new car, its so you know what car i have!

elperello

I knew two dried out alcoholics who bought new cars every year or 18 months just to use up the money they used to drink.
It worked for them anyway.

elperello

elperello wrote: »

I knew two dried out alcoholics who bought new cars every year or 18 months just to use up the money they used to drink.
It worked for them anyway.

I suppose I could take up drinking, give it up, then buy a car with the money I save.

Why not. I'll try anything at this point, because working isn't working.

Mooooo

MontgomeryClift wrote: »

I suppose I could take up drinking, give it up, then buy a car with the money I save.

Why not. I'll try anything at this point, because working isn't working.

People spend money on different things, either prioritise it if you want it or don't. Save or use finance. Finance is simply a way of managing cash flow, with interest being the cost of doing so. Interest rates are high alright on car loans and the like but then again it's finance taken out on a depreciating asset so there is more risk in that regard for the lender. Rates in general in this country are two high all round tho

The_Honeybadger

Mooooo wrote: »

People spend money on different things, either prioritise it if you want it or don't. Save or use finance. Finance is simply a way of managing cash flow, with interest being the cost of doing so. Interest rates are high alright on car loans and the like but then again it's finance taken out on a depreciating asset so there is more risk in that regard for the lender. Rates in general in this country are two high all round tho

A lot of dealers offer between 0-3% that is not expensive at all.

Going to the bank and paying over 10% is nuts but some people only look at the monthly repayment rather than the interest rate or total interest over the term.

Finance does not have to be expensive, it can be if you don’t do your homework of course.

awec

The_Honeybadger wrote: »

A lot of dealers offer between 0-3% that is not expensive at all.

Going to the bank and paying over 10% is nuts but some people only look at the monthly repayment rather than the interest rate or total interest over the term.

Finance does not have to be expensive, it can be if you don’t do your homework of course.

The interest rate is irrelevant really. The main thing is the actual cost over the entire term.

You could be paying 8% on a bank loan on a car you've brought in from the UK, and over the course of the whole term of the loan still pay less than you would on your 0% finance deal from some Irish dealer on the same car.

Mooooo

The_Honeybadger wrote: »

A lot of dealers offer between 0-3% that is not expensive at all.

Going to the bank and paying over 10% is nuts but some people only look at the monthly repayment rather than the interest rate or total interest over the term.

Finance does not have to be expensive, it can be if you don’t do your homework of course.

If buying second hand do dealers do much finance? By finance being expensive I meant in generation this country over all types of loans compared to european counterparts. The key would be to negotiate the actual price of the car first and then see what finance options they'd offer rather than them firing monthly figures at you and including the finance from the off in negotiations

The_Honeybadger

awec wrote: »

The interest rate is irrelevant really. The main thing is the actual cost over the entire term.

You could be paying 8% on a bank loan on a car you've brought in from the UK, and over the course of the whole term of the loan still pay less than you would on your 0% finance deal from some Irish dealer on the same car.

Yes obviously, but all else being equal 0% is always going to be better than what the banks offer. The interest rate is not irrelevant.

Anyway I doubt someone savvy enough to save money by bringing in a car from the uk will be caught on the interest rate.

The_Honeybadger

Mooooo wrote: »

If buying second hand do dealers do much finance? By finance being expensive I meant in generation this country over all types of loans compared to european counterparts. The key would be to negotiate the actual price of the car first and then see what finance options they'd offer rather than them firing monthly figures at you and including the finance from the off in negotiations

Most of them do. And yes ideally you negotiate the price of the car first and then look at finance. If it’s a main dealer all the info should be on their website so can be easily checked beforehand

awec

The_Honeybadger wrote: »

Yes obviously, but all else being equal 0% is always going to be better than what the banks offer. The interest rate is not irrelevant.

Anyway I doubt someone savvy enough to save money by bringing in a car from the uk will be caught on the interest rate.

All else is pretty much never equal. Ultimately you pay for it one way or the other, these super low interest rates just have the cost factored into the price. Banks and finance companies are not in the business of giving away free money.

My point is people focus way too much on the interest rate. People think they're getting a great deal cause they're paying 0% interest, when that doesn't indicate if they're getting a good deal at all.

It's the same as people and their fixation on trade in prices. Wrong measurement.

The_Honeybadger

awec wrote: »

All else is pretty much never equal. Ultimately you pay for it one way or the other, these super low interest rates just have the cost factored into the price. Banks and finance companies are not in the business of giving away free money.

My point is people focus way too much on the interest rate. People think they're getting a great deal cause they're paying 0% interest, when that doesn't indicate if they're getting a good deal at all.

It's the same as people and their fixation on trade in prices. Wrong measurement.

My original post was in response to someone saying that that interest rates are high. I was making the point that they are not necessarily high.

There are multiple factors to consider when buying a car and interest rate is an important one, it certainly is not irrelevant. Move the goalposts all you want, my post was about interest rates and nothing else.

Btw I bought my car the deal was done before finance was even mentioned so I’m not sure how they could have built it in to the cost when they didn’t know how I was paying.

A bad deal is a bad deal no matter what the rate but to say it’s irrelevant is ridiculous.

Shefwedfan

GreeBo wrote: »

But the 85 car is completely different than the 2019 car... so you have no idea what I'm actually driving unless you know the year?

Its nothing to do with snobbery or anything else... its something that tells you arguably as much as the model of the car. I'm not telling you so you know i have a new car, its so you know what car i have!

Who cares? Really if someone ask me what I drive I say cuz, if they ask me more details like model year etc then I will answer

I ain’t going to start going on about years and spec on initial question