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Comments

  • #32
    CrankyHaus
    Closed Accounts Posts: 2,280 ✭✭✭CrankyHaus


    beechwood55 wrote: »
    That was in 2013. And that was because people were superstitious about having a car with 13 as part of the registration. So 131 and 132 came about....

    The only person to state that it was to avoid superstitious associations with the number 13 was Michael Healy Rae and he got jeered and laughed out of it in the Dail for suggesting it.

    The reason for the change was SIMI raising concerns about disproportionate sales figures in the January of each year and a desire to spread sales out around the year.


  • #33
    meeeeh
    Registered Users, Registered Users 2 Posts: 11,612 ✭✭✭✭meeeeh


    beechwood55 wrote: »
    That was in 2013. And that was because people were superstitious about having a car with 13 as part of the registration. So 131 and 132 came about....

    That was used as an excuse, it was always an opportunity to spread the sales a bit more evenly through the year. I don't think adding a digit is a problem, the year of first sale should not be on licence plate at all. Whoever is interested into buying a car can get info from tax book but for everyone else it is completely irrelevant. NCT every year would improve safety, the year of first sale tells nothing about the state of the car.


  • #34
    [Deleted User]
    Posts: 15,055 ✭✭✭✭ [Deleted User]


    beechwood55 wrote: »
    That was in 2013. And that was because people were superstitious about having a car with 13 as part of the registration. So 131 and 132 came about....

    And if you believe that... :P


    It was to encourage mid-year sales, as car dealers were mostly sitting around twiddling their thumbs after february and a 6 monthly system ages a car twice as fast.


  • #35
    LirW
    Registered Users, Registered Users 2 Posts: 4,825 ✭✭✭LirW


    dxhound2005 wrote: »
    Or they choose to rent. Either way they can afford to rent.

    Regarding mortgage free, there are a lot of mature couples coming out of their mortgages now, also people who left in the downturn started to return and plenty of them brought a healthy pile of cash back home and bought houses outright.
    It's not particularly representative for the average Joe wanting a house in Dublin, Cork or Galway because that's where they were born, reared and work now.

    These statistics show trends but aren't saying much about the reality of renting and buying when earning the average industrial wage.


  • #36
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    dxhound2005 wrote: »
    Or they choose to rent. Either way they can afford to rent.

    People who rent can afford to rent? Hold the presses. Let me write that down. One for the ages. Take a picture folks we are seeing history being made.

    Not even sure what it’s got to do with loans though.


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  • #37
    eeguy
    Closed Accounts Posts: 3,399 ✭✭✭eeguy


    meeeeh wrote: »
    That was used as an excuse, it was always an opportunity to spread the sales a bit more evenly through the year. I don't think adding a digit is a problem, the year of first sale should not be on licence plate at all. Whoever is interested into buying a car can get info from tax book but for everyone else it is completely irrelevant. NCT every year would improve safety, the year of first sale tells nothing about the state of the car.

    It's a silly system to encourage people to buy new cars just to "keep the years up".
    The county letters always confused me too. Why is it important to know that a car was registered in Meath or Carlow?

    Should be like the french system. Start at AA-001-AA and work up from there.


  • #38
    eeguy
    Closed Accounts Posts: 3,399 ✭✭✭eeguy


    listermint wrote: »
    Aye it totally gets my goat that most working families don't have 300k plus saved away to buy a house.

    Totes idiots man can't believe it like. Soz

    There's a difference between a mortgage and a ridiculous mortgage, although some people are blind to it.
    Who was that journalist who spent something like 350k on an apartment?


  • #39
    [Deleted User]
    Posts: 15,055 ✭✭✭✭ [Deleted User]


    In terms of advertising, the Credit Union certainly go for weddings and cars in their ads:


    Weddings
    https://pbs.twimg.com/media/DSnIxWbXkAANaGS.jpg

    Cars
    https://i.ytimg.com/vi/UJexn7OExiQ/maxresdefault.jpg


  • #40
    Zebra3
    Registered Users, Registered Users 2 Posts: 14,299 ✭✭✭✭Zebra3


    Coffee Fulled Runner wrote: »
    When my wife and I went to the bank to get a small mortgage to buy our house last year they did their best to convince us to take out a bigger one which was 400% bigger then what we wanted and build instead of buying. I could imagine this happening in 2007 but not 2017

    Why can’t you imagine it happening in 2017? Or 2018?

    The job of bank employees is to help generate profits for the bank shareholders.

    Do you think bank employees get classes during their working day on what’s best for society????


  • #41
    Summer In the City
    Closed Accounts Posts: 249 ✭✭Summer In the City


    People can spend their money as they wish but for me taking a loan has to be for a necessity. I drive cars that I can afford to pay cash for, my wedding cost less than 3k, I have no debt whatsoever and I never have.

    I will take a mortgage when the time is right but any other loan would have to be for a serious emergency.


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  • #42
    jacksie66
    Closed Accounts Posts: 2,986 ✭✭✭jacksie66


    This post has been deleted.


  • #43
    listermint
    Registered Users, Registered Users 2, Paid Member Posts: 35,682 ✭✭✭✭listermint


    eeguy wrote: »
    There's a difference between a mortgage and a ridiculous mortgage, although some people are blind to it.
    Who was that journalist who spent something like 350k on an apartment?

    That's not what you said.

    But look sure your entitled to move the goal posts if ya like .


  • #44
    [Deleted User]
    Posts: 15,055 ✭✭✭✭ [Deleted User]


    eeguy wrote: »
    It's a silly system to encourage people to buy new cars just to "keep the years up".
    The county letters always confused me too. Why is it important to know that a car was registered in Meath or Carlow?

    Should be like the french system. Start at AA-001-AA and work up from there.

    In fairness to our system, I reckon if someone drove into you, and then made a run for it, you'd much more easily remember an Irish reg before any other country.

    The year and county almost get remembered by second nature, meaning you only have to really recall the last few digits.


  • #45
    Wanderer78
    Registered Users, Registered Users 2 Posts: 32,743 ✭✭✭✭Wanderer78


    Zebra3 wrote:
    Do you think bank employees get classes during their working day on what’s best for society????


    Ethical banking, now there's an idea! I wonder how that's possible?


  • #46
    LirW
    Registered Users, Registered Users 2 Posts: 4,825 ✭✭✭LirW


    I don't understand people who get cars on PCP. My 13 year old car does me fine! Hopefully the only other loan I'll have is my mortgage, whenever I get one that is.

    The problem is it is all a big spiel.
    If you are financially tight and your old car breaks and you have to get another banger you might not be able to insure it. Insurances press heavily to get people to write their old cars off.
    If you have little savings, the PCP looks like the perfect solution to your problem and hey, who doesn't like a shiny new car?!
    Of course it would be easier to get a few grand off CU to get yourself a cheaper second hand car but believe me, the sales tactics are beyond aggressive and you get battered with PCP products from all sides.


  • #47
    Wanderer78
    Registered Users, Registered Users 2 Posts: 32,743 ✭✭✭✭Wanderer78


    jacksie66 wrote:
    People back in work, more money going into the banks, banks can loan out more of people's money, they make loads of money on interest and therefore want people to get into debt. The big worldwide scam that had been going on for thousands of years..


    The myth of banking, banks don't loan out deposits!


  • #48
    eeguy
    Closed Accounts Posts: 3,399 ✭✭✭eeguy


    listermint wrote: »
    That's not what you said.

    But look sure your entitled to move the goal posts if ya like .

    At midnight on a Sunday, I'm not even going to bother.


  • #49
    dxhound2005
    Registered Users, Registered Users 2, Paid Member Posts: 24,790 ✭✭✭✭dxhound2005


    LirW wrote: »
    Regarding mortgage free, there are a lot of mature couples coming out of their mortgages now, also people who left in the downturn started to return and plenty of them brought a healthy pile of cash back home and bought houses outright.
    It's not particularly representative for the average Joe wanting a house in Dublin, Cork or Galway because that's where they were born, reared and work now.

    These statistics show trends but aren't saying much about the reality of renting and buying when earning the average industrial wage.

    612,000 must be in some way representative. And why do you think they don't live in Dublin, Cork or Galway? People generally don't become mortgage free until later in life. So there have always been mature people arriving at that point.

    I don't know how people these days would cope if they had to pay mortgage interest rates of 18%, which is something I did. The majority of the period of my mortgage was interest rates in double figures.


  • #50
    elperello
    Registered Users, Registered Users 2, Paid Member Posts: 19,905 ✭✭✭✭elperello


    LirW wrote: »
    The problem is it is all a big spiel.
    If you are financially tight and your old car breaks and you have to get another banger you might not be able to insure it. Insurances press heavily to get people to write their old cars off.
    If you have little savings, the PCP looks like the perfect solution to your problem and hey, who doesn't like a shiny new car?!
    Of course it would be easier to get a few grand off CU to get yourself a cheaper second hand car but believe me, the sales tactics are beyond aggressive and you get battered with PCP products from all sides.

    Skoda dealers are currently offering 0% finance through VW Bank on second hand cars.


  • #51
    Heres Johnny
    Closed Accounts Posts: 2,691 ✭✭✭Heres Johnny


    I love my cars, big premium German saloons which cost a fortune. Luckily enough I loved them years ago too so I buy what I loved back then now. I am mad about the new bmw 530d but it's 65-70k so not doing that. I'll buy one for about 10k cash in the future and I'll be very happy with it.

    I worked as financial advisor, setting up pensions and education savings plans for people but the amount of people that said they couldn't afford them despite saying they knew they really should do it was staggering. Buried under a burden of debt in a lot of cases. Debt for holidays and just general overspending. Arranged to meet them the following year when debt was gone only to find a new loan sapping a few hundred every month.
    They say never again but always go back.

    Only area in financial services I never worked in was lending never really thought it was in people's interest. It's a vicious circle.

    Mortgages excepted.....i understand the need for them. But I've seen people with a healthy deposit and capability to pay over 20 to 25 years go for 100% mortgages over 35 years. Which is just about daftest thing I could think.of doing.


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  • #52
    LirW
    Registered Users, Registered Users 2 Posts: 4,825 ✭✭✭LirW


    elperello wrote: »
    Skoda dealers are currently offering 0% finance through VW Bank on second hand cars.

    I don't want to get ahead of myself there but I read that 0% finance is generally harder to get than a low APR PCP. PCP in general doesn't look into someone's finances too much while the assessment for HP is stricter.


  • #53
    Coffee Fulled Runner
    Registered Users, Registered Users 2 Posts: 435 ✭✭Coffee Fulled Runner


    Zebra3 wrote: »
    Why can’t you imagine it happening in 2017? Or 2018?

    The job of bank employees is to help generate profits for the bank shareholders.

    Do you think bank employees get classes during their working day on what’s best for society????
    Just a figure of speech... Of course dept is what makes the world go round. But I'd hope most people who were in the position we were last year would just laugh at the banks proposal and not take them up on it.


  • #54
    Wanderer78
    Registered Users, Registered Users 2 Posts: 32,743 ✭✭✭✭Wanderer78


    Coffee Fulled Runner wrote:
    Just a figure of speech... Of course dept is what makes the world go round. But I'd hope most people who were in the position we were last year would just laugh at the banks proposal and not take them up on it.


    Or is debt stifling our prospects and our evolution, hence terms such as 'dept peonage' and debt bondage'?


  • #55
    listermint
    Registered Users, Registered Users 2, Paid Member Posts: 35,682 ✭✭✭✭listermint


    eeguy wrote: »
    At midnight on a Sunday, I'm not even going to bother.

    Don't because it's hard to justify the notion people should save and not take mortgages out....

    Then change your mind to whatever a mad mortgage is.


    Solid stuff excellent writing I want to subscribe to this news letter


  • #56
    Atoms for Peace
    Closed Accounts Posts: 2,887 ✭✭✭Atoms for Peace


    LirW wrote: »
    The car loan thing grinds my gears, I drive an 06 car, my insurance is due next month and since the car is 12 years old now it'll be a kick up the ar5e.
    I went into a dealership a while ago and got a few finance plans just for the laughs, I tossed them at the end of the day.

    Why is there even an NCT when insurance companies don't deem vehicles roadworthy when they're older than 14 years anyway?

    The "motor industry" most have some really good lobbyists, compared to other countries Irish motorists are really being taken for a ride considering the lacklustre public transport here.


  • #57
    Heres Johnny
    Closed Accounts Posts: 2,691 ✭✭✭Heres Johnny


    LirW wrote: »
    elperello wrote: »
    Skoda dealers are currently offering 0% finance through VW Bank on second hand cars.

    I don't want to get ahead of myself there but I read that 0% finance is generally harder to get than a low APR PCP. PCP in general doesn't look into someone's finances too much while the assessment for HP is stricter.

    0% finance you can be pretty sure the interest is built into purchase price. Some disagree with this but it's fact. Same with interest free credit on furniture etc.
    Do not be fooled on This, it's marketing.


  • #58
    dxhound2005
    Registered Users, Registered Users 2, Paid Member Posts: 24,790 ✭✭✭✭dxhound2005


    Wanderer78 wrote: »
    Or is debt stifling our prospects and our evolution, hence terms such as 'dept peonage' and debt bondage'?

    The good news in recent years is that there is much less debt in the country, and we are also very good at saving money.

    https://www.independent.ie/business/personal-finance/latest-news/household-savings-in-banks-outstrip-debts-36758309.html


  • #59
    Coffee Fulled Runner
    Registered Users, Registered Users 2 Posts: 435 ✭✭Coffee Fulled Runner


    Wanderer78 wrote: »
    Or is debt stifling our prospects and our evolution, hence terms such as 'dept peonage' and debt bondage'?
    Some might says it's a form of slavery used to control the masses.


  • #60
    Noveight
    Closed Accounts Posts: 2,813 ✭✭✭Noveight


    waffleman wrote: »
    Kids kissing and hugging their parents because they took a loan to buy a treehouse.

    It's truly insufferable. Anyone who is genuinely swayed by that needs an appointment somewhere :pac:


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  • #61
    LirW
    Registered Users, Registered Users 2 Posts: 4,825 ✭✭✭LirW


    Heres Johnny wrote: »
    0% finance you can be pretty sure the interest is built into purchase price. Some disagree with this but it's fact. Same with interest free credit on furniture etc.
    Do not be fooled on This, it's marketing.

    I'm not planning to furnish my place on 0% finance (IKEA is grand) or get a financed car :)
    I'm aware of these marketing tactics, it's a pretty sad thing really.


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