Do you make any assumptions based on the brand someone uses?

8-10 · 14-07-2020 11:17am

Feisar wrote: »

Like everything in life!

Yep exactly! So it's hardly a racket. You know what you're signing up to.

It's not for everyone - like everything in life!

Feisar · 14-07-2020 12:08pm

8-10 wrote: »

Yep exactly! So it's hardly a racket. You know what you're signing up to.

It's not for everyone - like everything in life!

I know it's not a racket per se however a lot of people are driving cars they cannot afford.

EmmetSpiceland · 14-07-2020 12:11pm

Feisar wrote: »

I know it's not a racket per se however a lot of people are driving cars they cannot afford.

There were a few stories last year that there was some sort of “mis-selling” scandal on the horizon.

Leg End Reject · 14-07-2020 12:16pm

If you can afford PCP pay a little extra over a slightly longer period on HP finance and at least you'll own the car outright at the end.

If you can't afford that how will you pay the balloon payment at the end of the PCP term?

It's almost like car manufacturers and garages want you to have to get a new car every 3 years ...

8-10 · 14-07-2020 12:18pm

Leg End Reject wrote: »

If you can afford PCP pay a little extra over a slightly longer period on HP finance and at least you'll own the car outright at the end.

If you can't afford that how will you pay the balloon payment at the end of the PCP term?

It's almost like car manufacturers and garages want you to have to get a new car every 3 years ...

If you save the PCP balloon payment every month as you pay the PCP payments it works out cheaper than HP finance, so why would you choose to go with HP ahead of it?

Leg End Reject · 14-07-2020 12:25pm

8-10 wrote: »

If you save the PCP balloon payment every month as you pay the PCP payments it works out cheaper than HP finance, so why would you choose to go with HP ahead of it?

A lot won't save it though so will trade in at the end of the term.

EmmetSpiceland · 14-07-2020 12:30pm

8-10 wrote: »

If you save the PCP balloon payment every month as you pay the PCP payments it works out cheaper than HP finance, so why would you choose to go with HP ahead of it?

But, sure, if you just saved for years you could buy the car outright.

No one is arguing that PCP isn’t good for some people. The problem is that it seems to have “similarities” with the mortgage crisis where a lot of people ended up taking more than they could afford.

It’s great that it worked out for you. Not so great for other people.

Fighting Irish · 14-07-2020 12:32pm

badabing106 wrote: »

Audi. I always assume that the owners of these vehicles will act the maggot on the road, including never indicating at roundabouts.

You trust indicators?

8-10 · 14-07-2020 1:19pm

EmmetSpiceland wrote: »

But, sure, if you just saved for years you could buy the car outright.

Leg End Reject wrote: »

A lot won't save it though so will trade in at the end of the term.

Right, but I'm talking about people who prefer HP Finance. Why would they not go the PCP + savings route was my point, these people are not looking to trade in and are not looking to buy outright from day 1, they are looking to finance the purchase of a new car over a number of years.

PCP > Hire Purchase or Bank Loan for this I reckon. Cheaper finance, you 'in theory' earn interest in the balloon payment savings along the way though there's SFA returns on savings these days, you have flexibility to structure your balloon payment savings along the way to oversave some months and take a break at Christmas or holiday time as your finance payments are lower, and you do have additional options at the end in case circumstances or priorities change

Either route you still end up owning the car, but one is cheaper and more flexible than the other

RandomViewer · 14-07-2020 5:52pm

Rodney Bathgate wrote: »

Person wearing a MUFC jersey: I assume they support MUFC

Person wearing a LFC jersey: I assume they support LFC

Person wearing a MCFC jersey: I assume I am delusional and seeing things

Person wearing a Celtic jersey: I assume they are scum

Person wearing a full kit (including socks and boots) away from a football pitch: I assume they are a full kit w@nker

Rugby jersey would suggest sex offender?

EmmetSpiceland · 14-07-2020 5:55pm

RandomViewer wrote: »

Rugby jersey would suggest sex offender?

Maybe a Munster one.

[Deleted User] · 14-07-2020 7:40pm

Say what you want about audi drivers but they are a lovely car. If I could afford one I'd be driving an A4.

Btw where I am there really is no typical audi driver anymore, if anything the boy racers have moved in. As they have with BMW's and I'm even starting to see supped up Mercs.

Potential-Monke · 14-07-2020 9:34pm

Deleted User wrote: »

Say what you want about audi drivers but they are a lovely car. If I could afford one I'd be driving an A4.

Btw where I am there really is no typical audi driver anymore, if anything the boy racers have moved in. As they have with BMW's and I'm even starting to see supped up Mercs.

Yeah, the boy racers love their bimmers for some reason. I don't get it. Wasnt the driving position skewed to the side up until the mid 2000's? I remember someone saying that, people with bad backs had awful times in them as the pedals were slightly left of the driving position, resulting in a ever so slightly twisted driving position. I never liked them anyway.

And yeah, starting to see some C-Class Mercs being used by them lately. But at least it's only the C-Class, E-Class and above is where it's at.

Aongus Von Bismarck · 14-07-2020 11:17pm

EmmetSpiceland wrote: »

But, sure, if you just saved for years you could buy the car outright.

No one is arguing that PCP isn’t good for some people. The problem is that it seems to have “similarities” with the mortgage crisis where a lot of people ended up taking more than they could afford.

It’s great that it worked out for you. Not so great for other people.

The PCP financing model just isn't allowed in most EU countries. What surprises me the most is it's mostly used as a way of leasing some low-end diesel model from Hyundai or Toyota.

[Deleted User] · 14-07-2020 11:23pm

Aongus Von Bismarck wrote: »

The PCP financing model just isn't allowed in most EU countries. What surprises me the most is it's mostly used as a way of leasing some low-end diesel model from Hyundai or Toyota.

Its really not.....the amount of people driving well speced audis and bmws about,who cant afford to put a tyre on em is a pure joke

[Deleted User] · 14-07-2020 11:38pm

Leg End Reject wrote: »

If you can afford PCP pay a little extra over a slightly longer period on HP finance and at least you'll own the car outright at the end.

If you can't afford that how will you pay the balloon payment at the end of the PCP term?

It's almost like car manufacturers and garages want you to have to get a new car every 3 years ...

You can drive a far more expensive car on pcp than on hp, it’s would not be just a bit more on hp it would probably it be well over twice as much per month.

What’s the big deal about owning it at the end anyway, plenty are happy to just trade in and move into the next pcp and get a new car thus you don’t need to pay the balloon and can drive a very nice car without having to really pay a large proportion of what the car costs.

If you can afford the monthly repayments you can afford to drive the car simple as that.

Capt'n Midnight · 14-07-2020 11:59pm

Church on Tuesday wrote: »

Anytime I hear or see Burberry I still think you may be a chav.

Which reminds me that every time Argos have a special for kids toys from Chad Valley I keep hearing "Chav Valley"

I know it's not, but still

SixtaWalthers · 15-07-2020 12:08am

I don't think it is always right to go with big brands. I only made an assumption about fast-food big brands in childhood.

McDonald's - Only rich kids go inside to eat and have fun. By the way, it's my childhood perception when according to dad it is not good for health.

JustAThought · 15-07-2020 12:34am

yes - I am a cliche

If I see an Iceland bag I think impoverished, ditto Dutch Gold and for Burberry or Juicy add chav.

When I see an Audi, Merc or Lexus I think loaded, and when I see someone driving a porsche or ferrari I think they got lucky with stocks/share probably IT.

I also sadly internally judge people who carry around and use their own bic biros - sorry!!

And young wans who eat hoola hoops while on the move, Or older wans pushing their lolitas, eating take away McDonalds or Burgerkings.

I also judge all vapers and joolers - badly.

shaveAbullock · 15-07-2020 3:52am

JustAThought wrote: »

When I see an Audi, Merc or Lexus I think loaded

Why would you associate these very common car brands with wealth?
They are everywhere, is the whole country loaded? Good news if true.

Pawwed Rig · 15-07-2020 6:09am

shaveAbullock wrote: »

They are everywhere, is the whole country loaded? Good news if true.

Yes is the answer. We are an extremely wealthy country by international standards.

One More Toy · 15-07-2020 7:08am

Beats headphones has to be the biggest scam going. I judge anyone wearing them as being a bit thick and unable to read an online review

limnam · 15-07-2020 7:14am

shaveAbullock wrote: »

Why would you associate these very common car brands with wealth?
They are everywhere, is the whole country loaded? Good news if true.

You might be missing the point of this thread

CrankyHaus · 15-07-2020 9:23am

Aongus Von Bismarck wrote: »

The PCP financing model just isn't allowed in most EU countries. What surprises me the most is it's mostly used as a way of leasing some low-end diesel model from Hyundai or Toyota.

What countries?

mariaalice · 15-07-2020 9:54am

I try not too or at least to be aware of it.

Saw this in a chipper near work.

I saw a couple come in and only order a milkshake, now she was channeling her inner Beyoncé, perfect and very expensive hair, nails and tan, designer expensive leisurewear? he had the look of someone who is seriously into the Gym. They go out to their car a 10-year-old beemer that had a little pedigree fluffy white dog on the rear seat.

I can guarantee they will only ever have one child who will be in dressed as a mini-me in designer clothes from the get-go.

In other words they were living a life when they had made a god of having things and things equals a measure of your worth.

king_of_mayo · 15-07-2020 10:10am

Tanner Poor Vignette wrote: »

If you can afford the monthly repayments you can afford to drive the car simple as that.

Well yes, but that's a pretty narrow way of looking at something. A couple I know recently got a car, as their old one (a VW Up) was too small for them and the new baby. That's fine. So also bare in mind that they want a house but are forever complaining about the developers and government not helping out, and how hard it is to save a deposit while renting etc.

So what did they go for? A VW T-Roc. A brand new one. I think they said the deposit was 5k (manufacturer put in 2k on top of that), monthly payments of E260. I imagine the balloon payment will be over 10k. So all that money to rent a car for three years. Taking the hit on depreciation. Madness. Sure they can "afford" it but it comes at a cost to other areas of life.

JustAThought · 15-07-2020 10:18am

king_of_mayo wrote: »

Well yes, but that's a pretty narrow way of looking at something. A couple I know recently got a car, as their old one (a VW Up) was too small for them and the new baby. That's fine. So also bare in mind that they want a house but are forever complaining about the developers and government not helping out, and how hard it is to save a deposit while renting etc.

So what did they go for? A VW T-Roc. A brand new one. I think they said the deposit was 5k (manufacturer put in 2k on top of that), monthly payments of E260. I imagine the balloon payment will be over 10k. So all that money to rent a car for three years. Taking the hit on depreciation. Madness. Sure they can "afford" it but it comes at a cost to other areas of life.

Well - if they are happy to spend e60 a week between two working adults on something they use a lot and get a lot of pleasure from owning why not let them enjoy it! They might be cutting corners elsewhere to save considerably more for their other needs (deposit) and as they need to have a car why not one they can enjoy!

BTW I’ve no opinion on them and din’t judge them for that brand choice as it means nothing to me!!

[Deleted User] · 15-07-2020 10:35am

king_of_mayo wrote: »

Well yes, but that's a pretty narrow way of looking at something. A couple I know recently got a car, as their old one (a VW Up) was too small for them and the new baby. That's fine. So also bare in mind that they want a house but are forever complaining about the developers and government not helping out, and how hard it is to save a deposit while renting etc.

So what did they go for? A VW T-Roc. A brand new one. I think they said the deposit was 5k (manufacturer put in 2k on top of that), monthly payments of E260. I imagine the balloon payment will be over 10k. So all that money to rent a car for three years. Taking the hit on depreciation. Madness. Sure they can "afford" it but it comes at a cost to other areas of life.

They don’t have to pay the balloon though, they can just trade up in 3 years and continue to pay a low monthly repayment. Over 3 years it could very well cost less than buying a second hand car, servicing is likely included, no maintenance needed etc.

I don’t get the issue with renting a car either, it’s not like a house. Car leasing is very properly in other countries and I think it would be a great idea where too, that would eliminate any talk of a balloon payment completely.

RandomViewer · 15-07-2020 10:38am

JustAThought wrote: »

yes - I am a cliche

If I see an Iceland bag I think impoverished, ditto Dutch Gold and for Burberry or Juicy add chav.

When I see an Audi, Merc or Lexus I think loaded, and when I see someone driving a porsche or ferrari I think they got lucky with stocks/share probably IT.

I also sadly internally judge people who carry around and use their own bic biros - sorry!!

And young wans who eat hoola hoops while on the move, Or older wans pushing their lolitas, eating take away McDonalds or Burgerkings.

I also judge all vapers and joolers - badly.

Most Lexus are early noughties IS200, not associated with wealth just diffing

king_of_mayo · 15-07-2020 10:39am

JustAThought wrote: »

Well - if they are happy to spend e60 a week between two working adults on something they use a lot and get a lot of pleasure from owning why not let them enjoy it!

Sure they can enjoy it, no skin off my nose. And taking in deposit costs etc, it's closer to E100 a week.

They might be cutting corners elsewhere to save considerably more for their other needs (deposit) and as they need to have a car why not one they can enjoy!

I can assure you this is not the case. Curious that you can only enjoy a brand new car though...

Do you make any assumptions based on the brand someone uses?

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