Just wondered how much people spend buying their cars, just HP/lease cost, not insurance or fuel etc.
Chat Forum
[closed]
Car purchase, how much per month do you pay?
-
Posted 1 year ago #
-
Free. Because I saved up and bought one I could afford there and then.
Posted 1 year ago # -
Free. Because I saved up and bought one I could afford
Beaten to it
Posted 1 year ago # -
Free. Because I saved up and bought one I could afford
+1
Posted 1 year ago # -
+1
Posted 1 year ago # -
What them ^^^^ said.
Posted 1 year ago # -
+1
Why borrow money to pay for (or lease) a depreciating asset ?
Posted 1 year ago # -
same again, managed to save £17k for the car i wanted, but being smug doesnt help you!
Dont think I could stomach going over £200-£250 a month MAX
Posted 1 year ago # -
Imagine...
You want a car.
It's £16000
The moment you turn the key it is worth £13000
You buy on credit and pay £18000Doesn't that seem a bit of a mug's game ?
Posted 1 year ago # -
It'll take about 8 years for me to reach the £17k saved for by TimC for the car I want with no running costs other than fuel. In that time I'll be on my 3rd car too in that time.
There's pros and cons to both.
Posted 1 year ago # -
It's all well and good being able to save and buy a car, but vast amounts of the population, myself included, it's simply not an option.
Posted 1 year ago # -
Imagine...
You want a car.
It's £16000
The moment you turn the key it is worth £13000
You buy on credit and pay £18000Doesn't that seem a bit of a mug's game ?
I assume you apply this to bicycle purchases too?
Posted 1 year ago # -
About 500 quid but then I get a car allowance from work which covers most of it.
When I grow up I want to be a smug "look what I saved and bought with my pennies" kind of grandad too.
Posted 1 year ago # -
again nought. I bought mine cash.
Kev
Posted 1 year ago # -
I assume you apply this to bicycle purchases too?
Yep - never bought one of those on credit either.
It's not about being smug, just cutting your cloth to suit your budget.
Posted 1 year ago # -
When I grow up I want to be a smug "look what I saved and bought with my pennies" kind of grandad too
I bought a 6 year old Daewoo people carrier.
Big pimpin'
Posted 1 year ago # -
Free. Because I saved up and bought one I could afford
+1Posted 1 year ago # -
Yep - never bought one of those on credit either.
It's not about being smug, just cutting your cloth to suit your budget
My point was that you may have bought a new bicycle that dropped in value as soon as you walked out the shop.
Posted 1 year ago # -
But usually a car is a much larger purchase, and has less "fun" attched than a bike. I have been lucky enough to own quite a few nice cars, but traffic, speed cameras, the cost of motoring and the availability of cheap, reliable, capable cars means it isn't necessary to blow a fortune on your transport any more. Of course, if you have three kids / do a high mileage / earn a higher salary this may be different for you.
Posted 1 year ago # -
Last new car I bought was £570 a month over three years interest free credit. Car allowance from employer covered most of that.
Why would I need to save up, I'm not a 12 year old with a paper round.
Posted 1 year ago # -
Last new car I bought was £570 a month over three years interest free credit. Car allowance from employer covered most of that.
Why would I need to save up, I'm not a 12 year old with a paper round.
Ah, but that is very different if someone else is paying for (most of) it for you - would you have forked out that amount if it was just you paying?
The key thing here is not what other people would pay, but what you can afford to pay.. work it out and then decide..
Posted 1 year ago # -
I bought a golf for 6500 quid - pay 169 a month over 4 years, its really the same as saving! in october when the loan finishes it will still be worth a few grand. I just call it reverse saving
Posted 1 year ago # -
would you have forked out that amount if it was just you paying?
Possibly, but given that it's something i don't have to consider the i dont know. Of course the beauty of it is that the car was paid for over two years ago and I still get the allowance.
Posted 1 year ago # -
Bought my current outright, however with a company car allowance and the mileage i'll be doing I might do a monthly lease...
A colleague does it at present, gets servicing and breakdown included on a new Audi A5. If he paid cash for that he'd have to stump up around £35K
I never thought i'd look at a lease of a car, however given with a lease you can get a new one every 2 years for work duties it does seem to make sense!
Posted 1 year ago # -
I got £425 per month with my old job as an allowance. But after tax an NI it's more like £255.
My *cough* Vectra costs me £217 per month and will be the HP will finish in 6 months time, just in time for the end of my new job's probationary period and my new car allowance.
I'll try and keep it for another 6-12 months and will pay cash for the next one. Living off one salary does make you re-evaluate the value of money and outgoings.
Looking at my new contract, it appears the company will pay for my insurance too, which will save me £600 annually.
Posted 1 year ago # -
Bangernomics all the way for me. Got the wife a new fiesta at 250 a month on the grounds that were keeping it till it dies.In the mean time i get to whizz about in anything i can pick up under a grand fix and sell on for a small profit or little to no loss.
Also has the benifit that any car i buy i dont mind loading with muddy bikes dogs and crap for the tip.Posted 1 year ago # -
bought one from ebay - cash, for less than half what i earn in a month, and it's an absolutely fine mode of transport for an esteemed professional chap such as I. never seen the point in buying a new car, it's for mugs and microwillys
Posted 1 year ago # -
I buy all mine off this bloke, for cash:
Posted 1 year ago # -
never seen the point in buying a new car, it's for mugs and microwillys
eh... cause its nice to have new things, why should a car be any different, if you can afford it and want it, why not!
ps. I currently have a 94 cherokee so must have a massive willy
Posted 1 year ago # -
Paid £4000 cash for my Land Rover on the day I bought it in 1999.
One Ten. Live it.
Posted 1 year ago # -
I was paying £250 per month for a 4 1/2 year loan on a new Audi from my bank. Interest payments were less than 2 pints of beer a week (nearer a pint) and I don't drink anyway so no great loss there.
Borrowed 50% of new car value, about 20% p/x and 30% from savings.
I certainly wouldn't want to be in a position to have negative equity on a car, but in the same breath I wouldn't want to tie up a significant portion of my savings tied up in one
Posted 1 year ago # -
Paying £250 a month for my CMax, £200 a month for the wifes Mazda. Could never stomach paying more than this for a car. I dream of next doors Range Rover Sport, but i couldnt stomach £1000 a month that he pays!
Posted 1 year ago # -
I hope you all paid cash for your houses too...
Posted 1 year ago # -
I did.
Posted 1 year ago # -
Paid cash
Happydayzzzzzzz
Posted 1 year ago #
Topic Closed
This topic has been closed to new replies.
