Reply to: New cars for everyone!

[DimPrawn]

kerching

Looks very similar to this.



Cheap credit.

[minestrone]

Except a lot more people buy cars than houses...

Holy Christ!

[darmstadt]

The average car finance deal is about 7,000, the average house price is 250,000. If you see equivalence in that then you are further down the stupidity scale I already had you pretty fookin far down on.

Except a lot more people buy cars than houses...

[minestrone]

The real question is about small print - will those who signed be on the hook if value of used car drops a lot more than expected in deal?

If cheap financing disappers then manufacturers might be forced to discount new cars, that would have negative effect on used car market

kerching

[AtW]

The average car finance deal is about 7,000, the average house price is 250,000. If you see equivalence in that then you are further down the stupidity scale I already had you pretty fookin far down on.

The real question is about small print - will those who signed be on the hook if value of used car drops a lot more than expected in deal?

If cheap financing disappers then manufacturers might be forced to discount new cars, that would have negative effect on used car market

[minestrone]

Same as housing then...

The average car finance deal is about 7,000, the average house price is 250,000. If you see equivalence in that then you are further down the stupidity scale I already had you pretty fookin far down on.

[darmstadt]

They seem to think buying a car with inexpensive finance through a regulated open market of finance providers is a bad thing for the consumer.

Same as housing then...

[minestrone]

Under these cheap leasing deals, buyers pay a small deposit and then commit to making a monthly payment for the next three years with the option to buy or hand back the car at the end.

They seem to think buying a car with inexpensive finance through a regulated open market of finance providers is a bad thing for the consumer.

[minestrone]

The 2nd sub prime disaster is about to burst, this time due to PCP car purchases...https://www.theguardian.com/money/20...inancial-crash

Subprime Finance | Selecta Cars

Complete bulltulip.

[darmstadt]

The 2nd sub prime disaster is about to burst, this time due to PCP car purchases...https://www.theguardian.com/money/20...inancial-crash

Subprime Finance | Selecta Cars

[minestrone]

MyCo is a car loan brokerage.

[DimPrawn]

80% new cars in UK are effectively rented out for 3 years, that lending is covered by collateral - car

Genius isn't it.

Means the money that would have been spend on buying a car can be spent on property instead. Double the boom.

[AtW]

80% new cars in UK are effectively rented out for 3 years, that lending is covered by collateral - car

[scooterscot]

Freaky nora, talk about sticking your head in the sand.

I'm reeling at handing over a five figured sum to the tax office here for the first quarter of 2017, I've not even finished the first quarter!

Me attitude to debt has changed a lot in the past years.

[DimPrawn]

We've never had it so good.

Britain's borrowing binge continues as credit card debt hits record high

Buy now, before the import tariffs and currency falls bite.