rockits
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My plan is to buy one of these 2nd hand about 3 years old or when they become priced well enough for me to justify. Have you been impressed with the T8 btw? What kind of MPG in the real world do you get?
Be honest please.
- Thread starter FF1078
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My plan is to buy one of these 2nd hand about 3 years old or when they become priced well enough for me to justify. Have you been impressed with the T8 btw? What kind of MPG in the real world do you get?
Doohickey
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My brother has one and really likes it; it's odd for such a big car wafting around silently. It's 400+ bhp when it's in sport so it's pretty quick.
He tends not to charge it at home but regenerates the battery when he is on a run. It's a 2 tonne+ car with a 2 litre engine so MPG isn't up to much. Can't remember what he said but I think it was early 30s even on the motorway.
It is a great car, but a bit lacking in personality. For interior fit and finish it is up there with RR and you can get 17 to 19 miles on a full charge, and if like me you are able to plug it in at home and at work you can live on very little petrol. For example, my MPG to day was 965. But on a long run, you will get from 28 to 32 MPG. For me, with the type of mixed driving, I get on average 50 to 53 MPG, but this figure can change wildly depending on how you use the car. I think it will be worth £35k after three years, and it is one **** of a car for that.
mjheathcote
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It's all balls when you have 'BMW Contribution' and 'Dealer Contribution' when buying new.
List OTR prices are just so untrue when they discount them so heavily, consistently.
It penalises the taxation, for road tax and those having them as company cars, with the artificially high P11d values.
I'm surprised nothing is done about it, however it benefits the tax man, so I can see why nothing is done about it.
midlifecrisis
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That was because TVs were very expensive and prone to failure hence the need to phone them up to get the man in to fix it. CRT TVs became cheaper as manufacturers cut costs and radio rentals / Granada closed.
This thread is a very interesting and informative read.
What hasn't been mentioned, which I think is quite fundamental, is the state of the economy and its impact in your job/future income.
I'd agree with using PCP if you know that you're safe for the period of the loan and that you can finance the balloon payment.
If you're in a secure job role then PCP might be an option but if you're a contractor it is a higher risk.
mjheathcote
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Very good point and another reason I didn't want to go the pcp/lease route starting a new job if it didn't work out.
Know a few who have changed jobs with just that problem, and their new employer not offering a car allowance and they have a car that they can't easily escape from.
MrMickS
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You've got to take risks in life. It would be pretty dull otherwise
You’re spot on. Sometimes you’ve just got to say “fvck it!”, and do it anyway.
lifes2short
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You've got to take risks in life. It would be pretty dull otherwise
calculated risks, which is what I tell the wife anyway
I now have old cars so I don’t count but a couple of years ago i got a BM on finance and prior to that the exs car was on finance
It makes sense!
I can be in a reliable new car for £200 a month but id never be able to afford to buy it outright at 32k!!
It makes sense!
I can be in a reliable new car for £200 a month but id never be able to afford to buy it outright at 32k!!
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As an estate agent i get loads of buyers that ae cash and turn up on viewings with very nice cars so if i get on well i get tjem to open up and talk and the one thing they all say is
Appreciating = own
Depreciating = lease
My current fave is the Stelvio, my contact has them at £300 for 24 months then hand it back
Now i get it, its still 7k ish cost by the time you get out of it but that car new is 43k and i doubt you would get 36k for it in 2 years if bought outright
Appreciating = own
Depreciating = lease
My current fave is the Stelvio, my contact has them at £300 for 24 months then hand it back
Now i get it, its still 7k ish cost by the time you get out of it but that car new is 43k and i doubt you would get 36k for it in 2 years if bought outright
FF1078
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Have you taken up chinese or this new type of "young kid" texting?
This is eactly what I'm getting at, taking finance out because you want something you can't really afford. This is what causes financial problems. We all do it with houses because there are not many that have £250-£500k to play with but a car should not be purchased if you cannot afford it. Buy a Fiesta.
lifes2short
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what I was amazed with was when I watched an episode of "posh po-rn" oops sorry "pawn", there were guys trying to raise quick cash by pawning their Lamborghinis/Ferraris for cash loans of £50k or thereabouts, own an exotic car and have to resort to pawning for a loan, I mean that's just bizarre
FF1078
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I thought that must just have been done for TV?what I was amazed with was when I watched an episode of "posh po-rn" oops sorry "pawn", there were guys trying to raise quick cash by pawning their Lamborghinis/Ferraris for cash loans of £50k or thereabouts, own an exotic car and have to resort to pawning for a loan, I mean that's just bizarre
lifes2short
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apparently there are companies that will give you loans secured on your car, you simply hand over your V5c ?
Contigo
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Have you taken up chinese or this new type of "young kid" texting?
This is eactly what I'm getting at, taking finance out because you want something you can't really afford. This is what causes financial problems. We all do it with houses because there are not many that have £250-£500k to play with but a car should not be purchased if you cannot afford it. Buy a Fiesta.
But you've just contradicted yourself. It's fine to take a risk with a mortgage and a noose around your neck if we have a repeat of the 80's with interest rates going into the teens and then you say don't do it with a car which if devalued would't exactly bankrupt you like a house! It's all swings and roundabouts. If we follow your archaic idealogy then the 75% who have mortgages should rent because they can't afford to own outright. The reason we got into the 2008 crisis was with sub-prime lending on Mortgages nothing to do with cars or other luxuries on finance.
Some people choose to run a car with the allowance they get from their company and then finance a new vehicle via those funds . It's makes more sense than buying a £1500 snotter and then breaking down and constantly throwing money at an older car. Even if most had the money in savings they wouldn't spend all their savings on a car when you won't miss £200 pcm,
You sound very old fashioned in your views. How old are you out of interest?
GeoffCapes
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Car sales down heavily last month. Everyone knows the first thing people stop buying when pennies are tight is cars.
https://www.theguardian.com/busines...ests-stock-markets-dollar-italy-business-live
Then another story yesterday about impending financial crisis. Which is worrying when they say debt levels are above what they were in 2008
https://www.theguardian.com/busines...y-at-risk-of-another-financial-crash-says-imf
hashluck
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Hmmm but used car prices are up because of long waiting lists for new cars as they re-align post emissions buggery bollox so the new car slump is partially around supply.
That said, when I was looking at a remortgage recently I was stunned at the amount they were willing to lend me (both in terms of loan-to-value (LTV) and earnings), the term (well past state retirement age) and I could even have it paying back interest only if I wanted. I told them they were bonkers and it would all end in tears again.
That said, when I was looking at a remortgage recently I was stunned at the amount they were willing to lend me (both in terms of loan-to-value (LTV) and earnings), the term (well past state retirement age) and I could even have it paying back interest only if I wanted. I told them they were bonkers and it would all end in tears again.
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