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Quite, I’m also surrounded by people in relatively average houses with ridiculous EV cars outside. I assume that they’re killing themselves on PCP payments, locking themselves into an average/low income lifestyle.
Buying a ‘nice’ brand new car on finance is one of the worst financial decisions you can make, it ensures the poor and middle income people are kept down and not spend their money on things that will actually improve their lot in life, ie investments, house improvements and extra tuition for your kids. Fools and their money right?
On another thread theres another guy on lfgss saying openly that he only had £1k in savings, but was intending to buy a £30k brand new car because he could afford the monthly payments. People are completely insane.
Jameo-
Depends on the deal. The personal lease deals of a few years ago made a fool of running second hand cars. Now, not so much.
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Link? 😏
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That's insane, but we see it all the time. Folk dont have 2k to replace a boiler in there house that's 15/20 years old and knackered but have a new motor in the drive. Its all for show and an insane way to look at it. Id rather have a shit car and money in other stuff than have a new car and not a pot to piss in for a rainy day.
hurricane_run
PhilDAS
konastab01
This is insane to me. But perhaps explains the cars of neighbours round our way a bit more.