Guest Robin_Van_PersG Posted February 4, 2008 Report Share Posted February 4, 2008 If your working and can afford the repayments, its no biggiePlus if you do it welll you can have a new car every 3 years or soexactly, the only risk your taking is a slight financial one. Having a reliable car and not worrying about MOT and repairs is the way forward. like someone said only a fool or a very rich man would buy a brand new car on finance its more sensible to get a 'newish' one Quote Link to comment Share on other sites More sharing options...
darkman Posted February 4, 2008 Report Share Posted February 4, 2008 was thinking about doing thisgot about 2gs saved up but dont wanna drive any car Quote Link to comment Share on other sites More sharing options...
LocalLoop Posted February 4, 2008 Report Share Posted February 4, 2008 I wanted to get a C220 coupe, but the repayments would dead me off and the insurance....well you know.I would look good in one though.and before anyone tries a lame joke, no i not mean spread out in the back seat of one Quote Link to comment Share on other sites More sharing options...
nyeleman Posted February 5, 2008 Report Share Posted February 5, 2008 If your working and can afford the repayments, its no biggiePlus if you do it welll you can have a new car every 3 years or soexactly, the only risk your taking is a slight financial one. Having a reliable car and not worrying about MOT and repairs is the way forward. like someone said only a fool or a very rich man would buy a brand new car on finance its more sensible to get a 'newish' onewhy is getting a 'newish' one better? Quote Link to comment Share on other sites More sharing options...
TAKE HEED Posted February 5, 2008 Report Share Posted February 5, 2008 I wanted to get a C220 coupe, but the repayments would dead me off and the insurance....well you know.I would look good in one though.i mean spread out in the back seat of one still Quote Link to comment Share on other sites More sharing options...
LocalLoop Posted February 5, 2008 Report Share Posted February 5, 2008 Oh Frivilous P.....you slay me with your hilarious antics. Quote Link to comment Share on other sites More sharing options...
TAKE HEED Posted February 5, 2008 Report Share Posted February 5, 2008 Oh Frivilous P.....you slay me with your hilarious antics.excuse me? Quote Link to comment Share on other sites More sharing options...
Cunt Face. Posted February 5, 2008 Report Share Posted February 5, 2008 LOL @ people saying it's bad to buy on finance.LOL @ them not realising how it feels to be in a brand spanking new car fresh off the line.LOL @ them not knowing where most of the cars on the road were bought. Quote Link to comment Share on other sites More sharing options...
The Curse Posted February 5, 2008 Report Share Posted February 5, 2008 If you can't buy it outright. Don't buy it. The only thing you should ever get into debt for is a house.Car finance is the bump of all bumps. Most brand new cars are bought on finance, no matter how welloff you are. I wouldnt say most...but your right in saying that, people with bank STILL lease cars. Quote Link to comment Share on other sites More sharing options...
Cunt Face. Posted February 5, 2008 Report Share Posted February 5, 2008 LOL @ people saying it's bad to buy on finance.LOL @ them not realising how it feels to be in a brand spanking new car fresh off the line.LOL @ them not knowing where most of the cars on the road were bought.some things u say...jus...dunno. wow.is man meant to be workin at mcdonalds but cos hes got 2gees he should get a car on finance. finance is for ppl who can afford it, they make it LOOK like almost anyone can when thts not really the case. I'm not saying for everyone, but most people do, especially if their job is decent.Lets be honest, its almost certain that anyone on here who wants to buy a house will get a mortage an who wants a new or farely new car on finance. Quote Link to comment Share on other sites More sharing options...
time_bomb Posted February 5, 2008 Report Share Posted February 5, 2008 u gotto bare in mind the insurance payments on ur 1st car, which will be ontop of car finance payments. Quote Link to comment Share on other sites More sharing options...
ShowermanSamuel Posted February 5, 2008 Report Share Posted February 5, 2008 If you can't buy it outright. Don't buy it. The only thing you should ever get into debt for is a house.Car finance is the bump of all bumps. Most brand new cars are bought on finance, no matter how welloff you are. <<<Sense... bags = grands for refernece.Pure ignorance talk in here. The real working world doesn't save up for everything, it's just not plausible in society to do this forever.You need to know what you're doing and what kind of agreement you are entering into.You must realise the following...- You will never see your deposit again, put ONE grand down and use the rest for insurance. Write it off as like an entrance fee the first time you get in your 'new' whip.- NEVER buy new, let a next d*ckhead take the big depreciation. Six months to a year old is you. You still have at least two years manufacturers warranty left which should also include AA/RAC cover. Even an ex demo off the dealer forecourt is a nice look, will probably be fully loaded to entice the dealer sales and not been driven TOO bad cos they'll always have had a salesperson with them on test drives.- You WILL lose money if you try to get out of the finance agreement before getting halfway through it. EG taking the 'finance' over a 3yr period, you will lose money if you try to get out before 18 months in. At half way through you will break even - You could sell it for pretty much what you still owe, move on and start again on a new whip for example.If all of the above are acceptable to you then you want a PCP agreement. This means you finance the car for say two, three or four years paying a monthly payment along the way - and once this time is up you either give the car back or pay the balloon payment and own it outright.I've done this on four or five whips now. You just need to understand how it works and be happy in the fact that you will never see the deposit again, are stuck with it for at least half the term and are happy with the monthly payment.Furthermore I would advise using a 3rd party leasing/finance company. The one I use is based in Wales, they find me the car I want, arrange the finance, check the car over, deliver it to me at work/home, find a buyer for my old whip and take it away for me. It's the most hassle free thing I've ever had the pleasure of doing.If you want any more info just ask.spit some more brain food on thiswhats the company's name?I use a company called Sabre Leasing. But almost any decent leasing company in the UK will offer you the same service.As others have stated, buying a big whip cash is the stupidest thing you can do. Say bye bye to your investment.I've broken it down above already what the risks are, if you are prepared to take them then its THE best way to get a decent car. On a total clown level, it WILL get you more girls. On a non-clown level, you will feel serious in life and probably act a lot more serious thus forth making you go further in all aspects of life. Quote Link to comment Share on other sites More sharing options...
GT Posted February 5, 2008 Report Share Posted February 5, 2008 its minor 5 G deposit pay the rest off in under a yr if you got P its not really a thing tbh Quote Link to comment Share on other sites More sharing options...
Spawn Posted February 5, 2008 Report Share Posted February 5, 2008 This topic would all be well and good advice for most people. But he is 17 and got his license last week and has never owned a vehicle before in his life.Giving him advice to enter into a 6 year HP agreement so he can upgrade his sensible saloon car after 3 years for a cleaner model for those long drives up the M1 to a sales convention isn't doing much for his life though. Quote Link to comment Share on other sites More sharing options...
Guest Robin_Van_PersG Posted February 5, 2008 Report Share Posted February 5, 2008 If your working and can afford the repayments, its no biggiePlus if you do it welll you can have a new car every 3 years or soexactly, the only risk your taking is a slight financial one. Having a reliable car and not worrying about MOT and repairs is the way forward. like someone said only a fool or a very rich man would buy a brand new car on finance its more sensible to get a 'newish' onewhy is getting a 'newish' one better?cheaper but more time just as reliable as a brand new one. A lot of these finance deals allow you to pck up a new car every 2 or 3 years. So unless your ballin scooping one of those makes financial sense. Quote Link to comment Share on other sites More sharing options...
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