What a *anker
in [UK Drivers]
|
Prev: credit laons
Next: Road Casualties 2009
From: The Peeler on 20 Jul 2010 07:11 On Tue, 20 Jul 2010 12:04:51 +0100, Chelsea Tractor Man <mr.c.tractor(a)hotmail.co.uk> wrote: >On Tue, 20 Jul 2010 18:38:39 +0800, The Peeler wrote: > >>>I'm surprised Range Rover drivers don't leave the price tag on the >>>windscreen to let people know how rich they are, >> >> I wouldn't be surprised to find out that a large number of them are on >> 3-year leases. > >common enough with cars although less so now the advantages of a company >car are mostly gone. The impression of affluence for a fraction of the cost!
From: Ed Chilada on 20 Jul 2010 07:37 On Tue, 20 Jul 2010 09:39:14 +0100, Chelsea Tractor Man <mr.c.tractor(a)hotmail.co.uk> wrote: >We have all see the sign "my other car is a Porsche", usually in a "banger" >or modest car. >But in commutable Essex yesterday (where else) on a new Range Rover Vogue. >OK, I won't * it out, I reckon he was probably a banker? Jeez, this is obviously a terrible crime, I can see why this would get you so upset. Death's clearly too good for him.
From: Adrian on 20 Jul 2010 07:45 Chelsea Tractor Man <mr.c.tractor(a)hotmail.co.uk> gurgled happily, sounding much like they were saying: >> The impression of affluence for a fraction of the cost! > Is it a fraction of the cost? If it was everybody would use leasing who > now buys new and sells after three years. A RR Sport is over £700 a > month to lease, that's £25,200 for the three years. The depreciation > would be fairly similar for that period. Indeed - but that forgets the cost of financing the rest of it. Certainly one of the main benefits of a lease to a business don't apply to an individual - moving the cost from capital expenditure on a fixed asset to operating expenditure - but there's certainly a lot of people who wouldn't want to tie £50k up in a depreciating car, but would be quite happy to have a monthly direct debit payment. It all comes down to the credit culture. And, I'm sure, a healthy degree of innumeracy. > The lease approach may be the best deal, depending on what other offers > are available, but its never going to be a "fraction" of the cost. "7/4" is a fraction... <grin>
From: The Peeler on 20 Jul 2010 07:51 On 20 Jul 2010 11:45:38 GMT, Adrian <toomany2cvs(a)gmail.com> wrote: >Chelsea Tractor Man <mr.c.tractor(a)hotmail.co.uk> gurgled happily, sounding >much like they were saying: > >>> The impression of affluence for a fraction of the cost! > >> Is it a fraction of the cost? If it was everybody would use leasing who >> now buys new and sells after three years. A RR Sport is over �700 a >> month to lease, that's �25,200 for the three years. The depreciation >> would be fairly similar for that period. > >Indeed - but that forgets the cost of financing the rest of it. Certainly >one of the main benefits of a lease to a business don't apply to an >individual - moving the cost from capital expenditure on a fixed asset to >operating expenditure - but there's certainly a lot of people who >wouldn't want to tie �50k up in a depreciating car, but would be quite >happy to have a monthly direct debit payment. Maybe they don't *have* 50K but like to pretend they do?
From: The Peeler on 20 Jul 2010 07:54
On Tue, 20 Jul 2010 12:51:08 +0100, Chelsea Tractor Man <mr.c.tractor(a)hotmail.co.uk> wrote: >On 20 Jul 2010 11:45:38 GMT, Adrian wrote: > >>> Is it a fraction of the cost? If it was everybody would use leasing who >>> now buys new and sells after three years. A RR Sport is over �700 a >>> month to lease, that's �25,200 for the three years. The depreciation >>> would be fairly similar for that period. >> >> Indeed - but that forgets the cost of financing the rest of it. Certainly >> one of the main benefits of a lease to a business don't apply to an >> individual - moving the cost from capital expenditure on a fixed asset to >> operating expenditure - but there's certainly a lot of people who >> wouldn't want to tie �50k up in a depreciating car, but would be quite >> happy to have a monthly direct debit payment. > >I'm sure there are. You have to look at the individual circumstances. When >I last bought, they were offering big discounts and I had the cash in the >b. society earning pitiful interest. Also I do not sell after 3 years, for >somebody else a lease might have been better. My only point was leasing >isn't a fraction of the cost. Its always going to be roughly similar, >theres no free lunch. 700 a month isn't a fraction of 25K upfront??? |