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29th June 2019, 14:46 | #1 |
This is my second home
Roverless + 1.7D Sportage Join Date: Aug 2014
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Car Payments?
I was brought up that if you can't afford it you can't have it. Todays "yoof" seem to want their cake and eat it.
https://www.bbc.co.uk/news/business-your-money-48776454 My kids bought reasonable "older" cars until they could afford "something better"! No wonder students are complaining about loan debts if they want designer clothes, phones and cars whilst they are studying. Credit is too easy and some folks are just greedy and foolish if they think that they can have it all for nowt. We are just a few paypackets away from being homeless and in debt .................... if we are not careful. Cut your coat according to your cloth. Rant over!
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29th June 2019, 14:54 | #2 |
This is my second home
MG ZT-T 190 Join Date: Jun 2009
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Seems crazy to buy an expensive new car on such a part time student job.
Although I'm surprised the car finance company didn't run any checks at all? |
29th June 2019, 15:35 | #3 |
This is my second home
Toyota RAV4 Join Date: Jun 2017
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I'm afraid I've zero sympathy.
Personal choice has consequences. You chose to go out and buy something and now you can't afford to pay for it. I guess the finance company will repossess and sell the car to recover their money and there will be no car for the student. Tuff. Hopefully it'll be a lesson learned. It's not always someone else's fault! How many really good R75's could you buy for £20K? Andy. |
29th June 2019, 15:41 | #4 |
This is my second home
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The daughter of my sons partner, a right little scrote got her 9k grant and blew it on a camper van. |
29th June 2019, 15:56 | #5 |
Gets stuck in
rover 75 saloon cdt club se re map 160 bhp Join Date: Dec 2018
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students spend most of there time in pubs and drinking cheap ale in parks n stuff rgds mark
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29th June 2019, 16:17 | #6 |
This is my second home
MG ZS EV Join Date: Oct 2015
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My heart bleeds
I knew a few of my friends kids did the same, They'd no idea what an M.O.T. was just splashed out on new cars every three years, the ones with free insurance, none of them had a "proper job" as far as I could tell.
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29th June 2019, 16:39 | #7 |
This is my second home
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they have both learnt an expensive lesson.
my sons two cars were £600 and £300, my daughters were I think may be £600 and £800. apart from a mortgage and a car loan from my dad 30 years ago I don't think I have ever been in debt. The relief I felt when my mortgage was paid off was huge and I did not even know the weight was on my shoulders until it lifted. For years both the wife and I have been, if we don't have the money we don't have it. The decisions one makes as a youngster can have repercussions many years later macafee2 |
29th June 2019, 16:41 | #8 |
I really should get out more.......
MG ZT-T 260 Join Date: Feb 2016
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The dealers stitch people up all the time, a friends daughter signed up for a VW convertible, she gave a £900 deposit on her credit card and was told it would be £250 a month. She was either not listening or didn't notice that this was only for the first 3 months and then it was £450 a month.
She could barely afford the £250 let alone the £450, 4 months later the car was reposesed and she received a letter from the lease company saying she still needed to pay the amount for another 6 months plus the arrears ( small print) Luckily her dad sorted it for her but she now has destroyed her credit rating just to drive around in a nice car for a few months. |
29th June 2019, 16:43 | #9 | |
This is my second home
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Quote:
Not all of them........ My son's a vet....... They're told on day 1 that there's no chance of having a part time job, going out every night etc. etc. if they want to pass. They still have their share of fun but it's a serious amount of work. However, I totally agree that there are some courses/students that do seem to have a few years "holiday" Andy. |
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29th June 2019, 18:15 | #10 |
Been absent for a while…
Rover 75 Tourer, Classic mini Cooper S, Abarth 595 competizione, MG TF and a Hyundai Tucson PHEV Join Date: Feb 2007
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Wow so many opinions, and no sympathy at all. Was nobody ever young and made a mistake? We live in a different world now, times have changed.
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................................................. 'Marmite' Possibly one of the most famous 75 tourers produced! left the production line as the last of only Three Rover 75 tourers produced in Trophy Yellow. 48 hours later Longbridge closed. The last sold ordered 75 Tourer. Paid for by the Phoenix Four and handed over by John Towers to the Warwickshire Northampton Air ambulance service as a Rapid Response vehicle |
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