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Apr 12, 2006 12:07:41 GMT
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That's they way they work it, see.... Low monthly repayments with a monster 1-off 'baloon' payment in the end... at the end of it you gotta pay it off to keep the car, or you can give the car back and walk away with nothing to show for your £150 a month for the last 3 years.... OR chop it in against another one and the whole thing starts over. Once you in the system, it's pretty hard to get out. But everyone's doing it so there must be some logic, somewhere...?  |
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Apr 12, 2006 12:11:09 GMT
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It doesn't seem like a good idea at all! £150 p/m rental is a bit mad. it's these monthly payments that make me feel better when i have forked out for garage bill/new parts.
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 it doesn't matter if it's a Morris Marina or a Toyota Celica - it's what you do with it that counts  |
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Apr 12, 2006 12:15:42 GMT
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we've bought the fabia outright now. and then we bought the octavia on fiance  |
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Apr 12, 2006 12:17:40 GMT
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That's so true.
My fleet of vehicles is of reasonable qual. these days, but a few years back I had a succession of rather cack daily hacks. My colleagues used to give me endless grief about them, and that i was wasting my money...
WTF!
Even if I went through 3 cars in 12 months it would cost me no more than £400 all in.
And they were happy to shell out £150-£200 EVERY month for a vehicle to perform the same task.
In addition, none of my old snotters EVER broke down, so I just can't see the logic.
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Shortcut
Posted a lot
I won't be there when you cross the road, so always use the Green Cross Code.
Posts: 3,037
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Apr 12, 2006 12:19:05 GMT
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We had those "rental" deals on our two company goofs. Mine was worth almost exactly the final payment when the time came so I just handed it in and walked away (won't be doing THAT again). The other one belonged to the sales guy and those agreements have a milage clause in them (check for it!) You have to pay 5p or so for every mile you do over the agreed limit. The sales guy said he'd do 10,000 miles a year but ended up doing 30,000 (so 60,000 miles over = £3000 milage penalty) Luckily also in the small print is that if you are more than halfway through the agreement you can cancel at anytime and hand the car back like it was a normal HP policy. They garage won't tell you this, but it's the law. So a week before the agreement was up and he'd be due to fork out the £3000 penalty he chopped it in under the consumer credit legislation and saved a packet.
f**k 'em. Car was royally shagged too so they would have hit him with a repair bill, also in hte contract package but cruically NOT in the consumer credit legislation clause.
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This space available to rent. Reach literally dozens of people. Cheap rates!
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Apr 12, 2006 12:24:38 GMT
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My original snotters did break down, but touch wood i have had some gems (thanks god) in recent years even if they wern't 100% my controlled choice. '85 Micra rotter (worm got it) £100 plus a half xmas present off my dad), '85 Volvo 360 (£300), '86 VW Polo (free), 91 Sierra Sapphire (going rate for a neaty).
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it doesn't matter if it's a Morris Marina or a Toyota Celica - it's what you do with it that counts |
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Apr 12, 2006 13:55:25 GMT
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my friend's Clios were on finance, to the tune of £250-270 a month. to be fair it's nice to have a new car, but since he got a house and a fiancee, and probably since listening to me too much, he's got a £600 pug diesel that's needed nothing doing to it since he got it. smart.
when i met claire, she was paying £380 a month or something crazy for the 1997 mondeo... total price on credit was in the region of £8k! it was from one of these "we'll give you credit even if you kill people for a living" places. considered giving it back and writing off the debt but didn't fancy the black mark it gets you (not a default, more of a "these people know the law, steer clear" mark on your credit file)
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Never trust a man
Who names himself Trevor.
Or one day you might find
He's not a real drug dealer.
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Apr 12, 2006 14:54:22 GMT
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 Probably been posted before ;D |
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MWF
Posted a lot
Posts: 2,945
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Apr 12, 2006 15:24:50 GMT
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Is it possible for Lexus owners to get normal style rear lights to distance themselves from the people who've fitted them to everything else? Interestingly enough if you photoshop a Is200's back lights so they are all red you get what looks like a Merc. I strongly believe it's because of this they put the clear lights on. |
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GrumpyOldMan
Part of things
Addicted to unreliable cars ?!
Posts: 182
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Apr 13, 2006 10:54:29 GMT
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Come on guys, not all 206s are bad...  This is the "206 Junior Cup" car : It's a proper rally car (stripped, full cage, coilovers, short ratio gearbox etc. ) but it's just 1400cc 8v with 80HP. When they first started rallying, everyone laughed at them, but they proved to be much faster than people thought and their SS times were often unbelievably good... And I'm sure it costs much less to build one of those than the ugly bodykitted one... |
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Shortcut
Posted a lot
I won't be there when you cross the road, so always use the Green Cross Code.
Posts: 3,037
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Apr 13, 2006 11:20:43 GMT
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Come on guys, not all 206s are bad... This is the "206 Junior Cup" car : It's a proper rally car (stripped, full cage, coilovers, short ratio gearbox etc. ) but it's just 1400cc 8v with 80HP. When they first started rallying, everyone laughed at them, but they proved to be much faster than people thought and their SS times were often unbelievably good... 80HP from 1400cc, that's worse than the Samba back in the 80's, and it must weigh three times as much! Still if the times are good it must work. Peugeot have always turned out impressive smaller rally cars! |
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This space available to rent. Reach literally dozens of people. Cheap rates!
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Nathan
Club Retro Rides Member
Posts: 5,649
Club RR Member Number: 1
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Apr 13, 2006 12:40:57 GMT
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I always stay away from Finance or Monthly pay off (for cars), when i got my focus they hated it when i turned them down for finance, then again some people want a new car but don't have the cash, so it clear why they go for it.
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