Car appreciation... the aesthetics, the engineering, etc

I wholly concur.

Yeah, except there's now USD1Tn worth of US Auto Finance alone floating around like a week old turd. Given that I've lived here over 4 years and am still getting random, spam lease offers by email from the UK, I doubt the situation back in blighty is a lot different. Agree with Hoops - it's a bonkers ponzi, with the potential to cover a lot more than just leasing companies in a fine mist of poo...

Might make for a lot of great dirt cheap, low mileage lease returns though.

https://www.bloomberg.com/news/articles/2017-07-17/new-u-s-subprime-boom-same-old-sins-auto-defaults-are-soaring

Also, it's massively wasteful. There are way too many fucking cars on this planet already. Nobody needs a new car every two years.... (well 99% of people at least)

Buy something that's two years old with 20k on the clock and still under warranty for half the money, and put the rest in the same pit of money that you use to keep the Porsche on the road.

http://www.ebay.co.uk/itm/2009-09-AUDI-RS6-AVANT-ESTATE-5-0-V10-TFSI-AUTOMATIC-PETROL-RED-/263097035942?hash=item3d41ce2ca6:g:D88AAOSwXetZWnZR

~£750/month on for a loan to cover the purchase price (over three years).

I suspect £750 on a lease/PCP would get you into something quite interesting, question is how much would the RS6 be worth in three years? The lease option means you have nothing, but then you have also driven a brand new car for that period of time so you'd have a warranty and so forth.

Neither route feels like value, though.

Word.

Bollocks to it, I'll go and see this on the weekend: http://www.ebay.co.uk/itm/1975-Citroen-DS23-Pallas-RHD-in-London-/201991212652?hash=item2f079d4e6c:g:udsAAOSwYS9ZYNH8

When you lease a car, are you also required to have it regularly serviced under warranty T&C's?

The lease I was looking at for the Volvo included all servicing - and consumables such as tyres, you just had to take it into the dealers on schedule.

My girlfriend is a midwife and we share a 6 year old mini.... like I said, nobody really needs a new car every two years.

A midwife couldn't afford a lease on a new fiat 500 anyway, because they get paid jack shit money for doing one of the most honourable and physically demanding jobs in the NHS. . (Thanks for being a twat, Theresa May)

Just had a read of that.... whoa!
It's not just me that thinks it's a scam then!

Just like mine, except mine isn't garish red. If the cost of buying it is putting you off, just wait for the fuel bills. And the servicing costs. Still, YOLO, and they are ludicrously amusing.

I'm fairly sure I can't get through enough fuel in 3,000 miles to scare myself. Servicing on the other hand I have some experience of being painful.

I like red cars.

Anyway, I have emailed the owner of the DS.

There was a good ft article on this mentioned a few weeks ago.

https://www.lfgss.com/comments/13707389/

Someone from the Bank of England warned about unsustainable car finance as a major risk to the UK economy this week.

https://www.google.co.uk/amp/www.telegraph.co.uk/business/2017/06/27/bank-england-orders-banks-hold-extra-114bn-emergencies/amp/

there are people out there who just go for the largest car they can afford just to big it up in front of their friends and neighbours

Yhep, and not a minority.

All the person leasing the car is doing is paying for the depreciation of the car for the first 3 years

Plus a margin, presumably?

this would go some way to explaining how the feckless wasteman who lives with his mum next door is bombing about in a new C Class.

Pretty sure i've seen this car on my commute, about half a mile from my house, i exclaimed at it's cleanness when i passed it

That will be a 'fixer-upper' for @Dammit then

🔫🔫🔫🔫🔫

Not really, it's a thread with a lot of words and me posting updates and thoughts but there's no pics other than the 2 or 3 I put on here because I haven't done the work (shameful) and the guys at the garage don't take enough pics for me.

haha! "citroen ds - when restoring a 911 just isn't expensive enough..."

just teasing. there is a better one on ebay at the moment. a black one owned by a citroen engineer.

hang on a sec...

lovely