Are you going to be driving off road then in the Chelsea Tractor lol
I'd LOVE a land rover but man they are pricey..(but so full of spec!!!)
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Car Lease Agreements
- Thread starter Jon
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I'd LOVE a land rover but man they are pricey..(but so full of spec!!!)
why did no one tell me that the car start/stop doesn't work if you have the car fans / heating on..
Thought the car was broke yesterday, turns out I was just being an idiot and didn't know that x,y,z need to be in place for eco mode to work!
Thought the car was broke yesterday, turns out I was just being an idiot and didn't know that x,y,z need to be in place for eco mode to work!
LOGICALLY.. it has to yeah? Cos i mean you are stuck in a jam or at the lights and NOT burning petrol / diesel
it's gotta make SOME difference. Maybe £100 a year or something, depends on how much you sit in traffic jams I guess!But in the real-world? I'm not sure how much difference it will make.
What do we think of this
I think the accountability has to be on the girl. She was 23 and agreed to lease an AUDI with £329 payments!
'Car payments are ruining our lives'
One mum tells us how her daughter's car finance payments have led to stress and sleepless nights.
www.bbc.co.uk
I think the accountability has to be on the girl. She was 23 and agreed to lease an AUDI with £329 payments!
Aurelian8
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This is a reflection of so many people these days. Credit is far too easily available, and financial education is appalling. As we move further towards a cashless society, people are losing touch with the value of money. I watched a really good Ted talk a few days ago discussing this subject, and it is worries me that people in there teens, twenties and even thirties have so little financial understanding.
David H
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What do we think of this
'Car payments are ruining our lives'
One mum tells us how her daughter's car finance payments have led to stress and sleepless nights.www.bbc.co.uk
I think the accountability has to be on the girl. She was 23 and agreed to lease an AUDI with £329 payments!
I take quite a callous approach to articles like this, because it is very much “I’m the victim because I financed the shit out of something I quite clearly couldn’t afford.”
We all complain about the “nanny state” when something like this happens it’s very much “well it’s wrong they even approved me.”
While I can see the problem with this with the likes of the 2008 financial crisis where there was irresponsible lending, I very much doubt the government would have to bail out all of this financing firms because of people like the one in the article, as fundamentally is a material object: no one needs an A1 or a GTI etc.
She should either hand the car back and accept the market value for it and continue to repay the remaining owed as I am not sure whether HP can be terminated unlike PCP.
I often have this question with my mother (I am 25 and still at home) often pondering whether it was easier to own a home back in the day, and my mum and dad always say that 1: people saved a lot more and didn’t buy all of these labels, 2: people didn’t buy coffees (mum said the only place you could get a coffee near where she worked was this little Italian bistro) 3: you only ever had a new car if you were doing very well (and this is because we we live with very low interest rates nowadays) which leads me onto 4: you never got 0% credit cards. What I’m saying is people didn’t buy all of this crap they didn’t need! Which is all this woman has done with financing this car she obviously couldn’t afford.
I think that when it comes to offering loans (which is what this is) the car dealer has a responsibility, just like the bank if you asked them for a loan.
The dealer did what a dodgy dealer does, 'upsells' everything he could because that makes him the most money.
Some people don't understand money. They can't budget and more importantly, they dont care to budget.
So this is play of two acts: Dodgy Dealers and Financially Immature Buyers.
Did the girl now know what an Audi is though?
Like @David H says she didn't NEED an Audi! Most people don't drive those at that age I would guess, especially not from the second-hand market!
I think she went in with tunnel vision to get an Audi and that was that. If she had been told it was £400 a month payment she would have done it!
Aurelian8
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The government is very resistant to introducing financial education into the school curriculum. If i were a cynical type (and i am), i might think that it was a part of a capitalist plan.
1. Dont educate people about money, and help them understand what finance and its implications mean.
2. Make credit super easy to get.
3. produce more and more shiny things, and get the Kardasians to tell people they need it.
But thats just me being cynical.
1. Dont educate people about money, and help them understand what finance and its implications mean.
2. Make credit super easy to get.
3. produce more and more shiny things, and get the Kardasians to tell people they need it.
But thats just me being cynical.
David H
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While I don’t want to agree that the dealer is in the wrong, I do completely agree that both parties are in the wrong.
Maybe I’m just bitter I’m not driving around in a 19 plate AMG!
I go to Lakeside (you get this everywhere I must add) and you do see loads of upmarket and brand new cars, and I do think: how much money are people really on?! Of course, if there’s something people want then they will find a way to buy it, especially with peer pressure and “keeping up”. Even if we look at the current market a half decent one bed flat let’s say outskirts of London £1000 PCM perhaps (I am fully aware this is a poor example haha) plus bills £1300 plus food £1400-£1500 plus their cars £300 a month plus fuel etc. I’m going off on one but it does make me think that if the average salary in the UK is say £26k or something like surely that would indicate that the vast majority of people can’t really afford these brand new cars on finance. Of course there are people that have living circumstances that do allow them these luxuries but honestly it does make me think that the vast majority of people shouldn’t be able to afford these cars, but choose to do so, and yes there will be dual income households, family gifts etc. But hopefully you know what I mean.
A lot people like the woman in the article just should have realised she couldn’t afford the car, and I do agree that the dealer should have made sure that she could afford the repayments.
David H
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I'm not sure ALL the blame needs to fit on the dealer either as when we got our CORSA on a least last year they took my financial details and then it went off to their 3rd party finance company (possibly Vauxhall Finance I can't remember) who then ran the usual checks to make sure I could afford it.
Anyway the point I'm making is that it wasn't the dealership that made the decision on if I could have the car or not it was the back end finance company fronting the cash
Anyway the point I'm making is that it wasn't the dealership that made the decision on if I could have the car or not it was the back end finance company fronting the cash
bbc article said:
I've bought a couple of new cars and once the dealer knows you are paying finance the costs changes from £10,000 to £200 a month.
then you want aircon
£215 a month
And the leather seats and media unit
£250 a month
Then you want climate control
£265 a month
But..... over *there* is a mercedes. With all the features you want PLUS fancy alloys.
only £300 a month
You were interested in a sun roof, but decided against it because you got the air con.
But for £350 you can get a convertable with the spec you wanted.
A bad dealer does this. A 'stupid' buyer does this.