It’s debt tho. Surely most people own their cars?
Nope, nope, [url=https://www.ft.com/content/d340ea28-5040-11e7-bfb8-997009366969?mhq5j=e2]nope [/url]and nope. It’s scary how many cars are in secured/unsecured debt. There’s also the ‘leasing’ debt on top of this in car ownership. 55 page thread and running on Pistonheads on this.
i know some folk on seriously good wages that have frighteningly high debt levels.
Agreed, I’ve got friends earning more than me, but they’ve over stretched the mortgage and finance expensive cars (and holidays) who are in huge debts. A recent friend had their brand new VW Touran reclaimed on failing payments just 4 months in. Keeping up with the Jonses, showing off their ‘success’ and the instant gratification economy.
A friend on Facebook rented a Lambo Huracan with the usual hashtags claiming to have worked hard for it. Turns out it’s a rental and cost £5k for the week, all on a loan.. 😯