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08-02-2019, 14:38   #166
Bigbagofcans
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It's a very high monthly outgoing for a car. I would like more details on the car loan i.e. initial cost, term, 2nd hand? If it's one of those PCP jobs, the OP should feel duped.

I have only bought cars for cash. I would never ever buy a new car.
That's the culture in this country of buying a new car that you can't afford. If you're paying 400 a month and having to scrimp on other things in life then it's not worth it. Crazy money.
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08-02-2019, 14:58   #167
 
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That's the culture in this country of buying a new car that you can't afford. If you're paying 400 a month and having to scrimp on other things in life then it's not worth it. Crazy money.

I don't disagree but some people have such a long commute due to the housing situation is that they have no choice but to pay high amounts for reliability


of course, there are then who simply live beyond their means
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08-02-2019, 15:03   #168
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It's a very high monthly outgoing for a car. I would like more details on the car loan i.e. initial cost, term, 2nd hand? If it's one of those PCP jobs, the OP should feel duped...........
What's wrong with PCP?
58% ish of the price paid over the first 3 years........ if you get low rate or 0% it's a decent way to finance a car.
They should only feel duped if they don't realise how it works........ even at that they aren't duped as such, ther're just paying almost 60% of a cars purchase price over the first 3 years and they need to sort out the remaining 40% ish before they own it.
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08-02-2019, 15:11   #169
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I don't disagree but some people have such a long commute due to the housing situation is that they have no choice but to pay high amounts for reliability


of course, there are then who simply live beyond their means
Most I know of have very short commutes to work. I think some people feel the pressure into buying a 182 or 191 car.
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08-02-2019, 15:14   #170
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Originally Posted by Snow Garden View Post
It's a very high monthly outgoing for a car. I would like more details on the car loan i.e. initial cost, term, 2nd hand? If it's one of those PCP jobs, the OP should feel duped.

I have only bought cars for cash. I would never ever buy a new car.
Arent you glad others can afford new cars, otherwise you would not have a second hand car to buy
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08-02-2019, 15:17   #171
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I don't disagree but some people have such a long commute due to the housing situation is that they have no choice but to pay high amounts for reliability


of course, there are then who simply live beyond their means
I have a long commute c. 1100km per week and that’s why I don’t have a new car. I’m already paying €600 per month in fuel and tolls, no way I’m going to add another €400 for reliability.

My trusty 2010 Insignia does it fine with regular servicing and maintenance.

Now, an EV with 220km+ range would cost about the same over 5 years so I’m currently considering the Kona which would be close to cost neutral.
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08-02-2019, 15:39   #172
Snow Garden
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Arent you glad others can afford new cars, otherwise you would not have a second hand car to buy
Correct. I will happily buy a 2 year old car knowing the original buyer took the hit on the initial depreciation which can be severe.
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08-02-2019, 16:05   #173
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Correct. I will happily buy a 2 year old car knowing the original buyer took the hit on the initial depreciation which can be severe.
The last 2 year old car you bought, what % of the new price did you pay for it?
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08-02-2019, 16:17   #174
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The last 2 year old car you bought, what % of the new price did you pay for it?
64%.
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10-02-2019, 19:34   #175
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11-02-2019, 12:43   #176
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Get a time machine and go back to 2006.
If I could do that I would re-engage that chap who told me early out to buy share in a certain search engine.....
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11-02-2019, 12:49   #177
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Originally Posted by McGaggs View Post
This planet. I've never had a car loan.
Good for you but some people love cars. Your either rich or driving a banger.
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11-02-2019, 13:51   #178
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Good for you but some people love cars. Your either rich or driving a banger.
Everything is relative I suppose. I earn around 55K a year but I need a car for work. I also get back around 8-10K a year in expenses so my car loan is essentially well covered.

if you are on 150K a year then a 500 a month car loan is small beans!
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11-02-2019, 14:28   #179
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Rent - 0 (covered by company)

Transport - 0 (covered by Company)
Any jobs going in your company?
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