Live within your means!

[kingandy2nd]

It’s all relative I guess. I would only use premium tyres anyway as budgets are a false economy imo, and I would have dings and scratches in my own car repaired too.

Like I say, each to their own, I change my car every 5 years and it doesn’t harm my budget to lease rather than buy. Everyone will have their own preference to meet their situation and hopefully their budget.

We went from owning this

To leasing this

But then again, I also own outright this

This

And this

One of them had depreciated like stink with the cost of diesel now…but I have hopes the other two will appreciate sufficiently to at least cover their running costs

 

[JP_]

you need to stop judging

Pigs will fly sooner. Smelly ones at that.

 

[diy_fun_uk]

It’s all relative I guess. I would only use premium tyres anyway as budgets are a false economy imo, and I would have dings and scratches in my own car repaired too.

Like I say, each to their own, I change my car every 5 years and it doesn’t harm my budget to lease rather than buy. Everyone will have their own preference to meet their situation and hopefully their budget.

Exactly. I'm not on a huge salary and have to pay all bills etc myself. So quite a lot of any disposable income I have goes on things like mortgage overpayments (part of my 'retire earlier' plan.) However, if I wasn't doing that, I'm not 100% saying I wouldn't lease to avoid large deposit etc.

I used to dream of owning a TVR ...

 

[kingandy2nd]

Sorry if I’ve taken it off topic with car chatter.

Something else to consider with the younger generations, is that their perception of value is different.

Many don’t aspire to own a home, or a car, as the expense of such things is beyond their means (and may always be). They see value in experiences over assets. That’s why they’ll have a nice car or a exotic holiday, but all while living at home with their parents.

Yes, they maybe be sacrificing long term financial stability, but they’re enjoying the now.

Of course, more fool them if they get into debt doing it, but if they can afford it then why not?

No saying it’s right or wrong, but it’s just a different way of being.

 

[securespark]

Mottie

The reason your good lady has her considerable savings is most probably because she is frugal.

Re cars, we are of the "buy a car and use it until it dies" mentality, hence the 2009 FR-V currently on 162K!

 

[The Samaritan]

Have only ever borrowed for first house, the mortgage. We paid it off as soon as poss, Have always paid credit cards off immediately, My credit rating is probably zero, which is probably fair, I'd forget.

First sensible post I've seen from you.

We kept up our first mortgage even when we moved, it was a very early endowment mortgage and we were rewarded with extra on top when it matured plus we had life cover with it. We took a gamble on that it paid off then after that we remortgage our property for first btl etc and the rest is history.

we have never paid a penny in interest other than a mortgage.

I recall getting 1k on my baracaly card on the brand new ford we bought in 98 plus a hefty ford discount via uncle.


paying interest is like throwing your money away

 

[Lower]

Like I said, unless you keep your car until the wheels fall off, then the lease costs can nearly match the depreciation, service, consumable costs, etc.

Depreciation on crystallises when you sell/scrap the car.

I've heard people say that before but i've never actually seen a deal where the lease costs match the depreciation.

There's always interest to pay on the borrowed amount.

Nice TVR collection by the way

 

[motorbiking]

cars - buy until die, boats, I try to sell before they are 8 years old.

 

[bolo 2]

If only it was as simple as that...
In the small print a person is still expected to pay for daily living costs as the cap only pays for the cost of 'care' and is also based on what the local authority is prepared to pay.9"Any costs such as room and board in a care home or utility bills will not count towards the £86,000 cap. People will pay at least £200 a week to stay in a home, and even though this adds up to £10,400 a year, it will not be included in the calculation of how much someone has paid for their care" What is covered is "nursing and assistance needed, whether it’s with washing and dressing, feeding, or managing health problems"

I didn’t know that…….

Read the small print dear.
The 86k is only the cost of the nusrisng care, mate!!!

The 86k does NOT include food and the rental of the bed/room in that place, fact!!

In simple terms the cap does NOT include board and lodggings, facT!!

Get your facts straight before you post misinformation.

Thanks

.

…….but I knew that having read Ellal’s post! Read the other posts dear, but don’t plagiariize them. And don’t duplicate information.

 

[The Samaritan]

I didn’t know that…….

…….but I knew that having read Ellal’s post! Read the other posts dear, but don’t plagiariize them. And don’t duplicate information.0

My friend
How can you "plagiarize" information realised by a government depart that is for public consumption, you cant!!

Your friend that you are trying to cover for spreading misinformation must have posted after the post you referred to, hence my duty to stop in its tracks the widely ignorant view that the 86k cap means people that have worked and save hard own their own property etc pay no more than the 86k. It is a fact that people in a situation similar to me and my family are fully up to speed re this 86k headline figure that is posted by many.

do you know the definition of "plagiarize" cleary you don't

I hope you are now better educated than you were when you posted your weak effort to defend the misinformation posted by your chum

 

[The Samaritan]

Btw bolo - you think you are clever posting using several usernames but most of your recent posts since I've arrived are just aimed at me.

Yes, I hate dog smells

.

 

[ReganAndCarter]

NURSE!!!

 

[bolo 2]

withdrawn

 

[Mottie]

Years ago, a mate of mine who was a high earner was always getting Loans for this that and the other. I said I didn't know how he could sleep at night owing all that money. His answer was "Borrowing is only a problem when you can't pay it back".

 

[The Samaritan]

withdrawn

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