Would you buy another diesel?

duffbeerdrinker

That sounds like a great deal.  You're paying less than the depreciation so the dealer will have sold the car at a loss.
Well done you - enjoy your car.

ChuckMountain

AFAIK it was a common deal that was available through a number of hire companies at the time.

They can play with the VAT element of it so there is much less impact on it.

IronGiant

Erh, OK...

Bl4ckGryph0n

Actually the deals became even better. The best I’ve seen was a mere £179 absolute bargain.

Faust

Oh dear if only you knew.  The wife won't go into any store with me as she feels embarrassed as I haggle over anything, even in the butchers.  Neighbours call round and ask me how to get a good deal on x y and z.  You've got me totally wrong there my friend.

But at the end of the day people do buy on tick because they haven't got the funds to pay in cash.  If you think otherwise then it's not me whose delusional.  

I'm not saying that you can't buy on credit as another money saving wheeze in certain circumstances.  However, that would only be in the shortest of terms as described in this thread.  If you carry on with the payments then as another poster as commented it's because 'you can't afford it'.   

Faust

I don't think the evolution in electric vehicles has advanced enough at this point in time and I reckon my German diesel still has a few years life left in it yet.  After that it will be petrol for me - second hand (cash) and that will probably be my last ever vehicle before I hang up my keys for good.  

I'm not a believer in 'old folk' still driving long past their sell by date.

Bl4ckGryph0n

Have you got memory loss? It was you who linked the awful deal to this thread. On the balance of the evidence provided by yourself I’d say I’m pretty spot on

ChuckMountain

On that basis though, if you stick to those rules, 9/10 people can't afford a new car as per the current sales, anybody with a mortgage can't afford their house.  Businesses can't afford to borrow money for stock and pay their overdraft\loan fees.  Bigger still, the Bank of England can't lend money and so on, the economy breaks.

If you can afford the monthly payments for the house and car, then you can afford it and its a question of cash flow.  Is there a risk that circumstances change and that changes, yes and it would be foolish to not plan for that.  Which is the problem at the moment.

I don't want to save up 20 years in some cesspit, so I can live in my dream house after my kids have left home, when I can pay a mortgage for 5 more years (25 total) and have the benefit now.

I completely agree there is some reckless lending but disagree with the affordability blanket statement.

un1eash

The you can't afford it statement always makes me laugh. If you choose to spend cash and drive around in 10 year old cars then that's fine in the same way some people like to buy new cars on finance, each to thier own. I wouldn't start telling people they can't afford something as it makes you sound like a tool.

Faust

Oh dear! in your zeal and rush to chide me you haven't spotted that this is simply the example VW put on their website.  It isn't a deal I have been offered as I'm not in the market for a car at present.