Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Never thought about house buying in those terms before Dorian.., very thought provoking.... Hence the inception of Lifetime mortgages Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 4, 2008 Share Posted January 4, 2008 Lease against buy - I was also considering that but when you work it out - if your gonna keep the car for at least 4 - 5 years then may as well buy it and not worry about the depreciation just enjoy it at least its yours to keep? If your gonna change your car a lot and do high miles then maybe lease is better but ... I keep thing thinking also its dead money really? Stan My thing, would be that after 18 months of leasing you have nothing to show for your money, e.g no car to sell or px against the next one..... Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Granted, but in todays market renting is often as expensive if not more so than buying Also, from a biz persective, if the car was bought then the balance will be reducing month by month. And, If business dictates then the car could be sold to realise the capital (albeit that the monthly payments would continue) What happened to the old concept of just buying something when you have the money for it ?? Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 4, 2008 Share Posted January 4, 2008 Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Never thought about house buying in those terms before Dorian.., very thought provoking.... Hence the inception of Lifetime mortgages Bugger that... I pay enough to the taxman , vatman etc..without giving it a finance house as well Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Lease against buy - I was also considering that but when you work it out - if your gonna keep the car for at least 4 - 5 years then may as well buy it and not worry about the depreciation just enjoy it at least its yours to keep? If your gonna change your car a lot and do high miles then maybe lease is better but ... I keep thing thinking also its dead money really? Stan My thing, would be that after 18 months of leasing you have nothing to show for your money, e.g no car to sell or px against the next one..... Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Granted, but in todays market renting is often as expensive if not more so than buying Also, from a biz persective, if the car was bought then the balance will be reducing month by month. And, If business dictates then the car could be sold to realise the capital (albeit that the monthly payments would continue) What happened to the old concept of just buying something when you have the money for it ?? Old news mate. Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted January 4, 2008 Share Posted January 4, 2008 Lease against buy - I was also considering that but when you work it out - if your gonna keep the car for at least 4 - 5 years then may as well buy it and not worry about the depreciation just enjoy it at least its yours to keep? If your gonna change your car a lot and do high miles then maybe lease is better but ... I keep thing thinking also its dead money really? Stan My thing, would be that after 18 months of leasing you have nothing to show for your money, e.g no car to sell or px against the next one..... Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Granted, but in todays market renting is often as expensive if not more so than buying Also, from a biz persective, if the car was bought then the balance will be reducing month by month. And, If business dictates then the car could be sold to realise the capital (albeit that the monthly payments would continue) What happened to the old concept of just buying something when you have the money for it ?? It no longer exists - until it all goes pear-shaped when the mind is (so I'm told) re-focussed Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Never thought about house buying in those terms before Dorian.., very thought provoking.... Hence the inception of Lifetime mortgages Bugger that... I pay enough to the taxman , vatman etc..without giving it a finance house as well I agree mate, I was pointing out what options are available to benefit from spending a lifetime of paying off a house. Whats the point in sitting on a mortgage free house, especially when peoples pensions annuities are providing bugger all and livving in poverty. Assett rish, cash poor? Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Lease against buy - I was also considering that but when you work it out - if your gonna keep the car for at least 4 - 5 years then may as well buy it and not worry about the depreciation just enjoy it at least its yours to keep? If your gonna change your car a lot and do high miles then maybe lease is better but ... I keep thing thinking also its dead money really? Stan My thing, would be that after 18 months of leasing you have nothing to show for your money, e.g no car to sell or px against the next one..... Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Granted, but in todays market renting is often as expensive if not more so than buying Also, from a biz persective, if the car was bought then the balance will be reducing month by month. And, If business dictates then the car could be sold to realise the capital (albeit that the monthly payments would continue) What happened to the old concept of just buying something when you have the money for it ?? It no longer exists - until it all goes pear-shaped when the mind is (so I'm told) re-focussed Or the BoeBR hits 15% again and people default on everything Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 4, 2008 Share Posted January 4, 2008 Lease against buy - I was also considering that but when you work it out - if your gonna keep the car for at least 4 - 5 years then may as well buy it and not worry about the depreciation just enjoy it at least its yours to keep? If your gonna change your car a lot and do high miles then maybe lease is better but ... I keep thing thinking also its dead money really? Stan My thing, would be that after 18 months of leasing you have nothing to show for your money, e.g no car to sell or px against the next one..... Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Granted, but in todays market renting is often as expensive if not more so than buying Also, from a biz persective, if the car was bought then the balance will be reducing month by month. And, If business dictates then the car could be sold to realise the capital (albeit that the monthly payments would continue) What happened to the old concept of just buying something when you have the money for it ?? It no longer exists - until it all goes pear-shaped when the mind is (so I'm told) re-focussed If the housing market goes tits up again like it did in the early 90's.. there will be more than refocussing needed Quote Link to comment Share on other sites More sharing options...
martinmac Posted January 4, 2008 Share Posted January 4, 2008 However if the £xxx that you pay for the car enables you to make a good profit, ie finance the business then it makes leasing, releasing the cars value a viable option. I did the same with property, upped my mortgage in the short term hence higher monthly payments but the propery I bought made me a tidy profit. Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted January 4, 2008 Share Posted January 4, 2008 Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Never thought about house buying in those terms before Dorian.., very thought provoking.... Hence the inception of Lifetime mortgages Bugger that... I pay enough to the taxman , vatman etc..without giving it a finance house as well I agree mate, I was pointing out what options are available to benefit from spending a lifetime of paying off a house. Whats the point in sitting on a mortgage free house, especially when peoples pensions annuities are providing bugger all and livving in poverty. Assett rish, cash poor? Perhaps because you have a nice house, no bills and quite a few quid to spend Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Lease against buy - I was also considering that but when you work it out - if your gonna keep the car for at least 4 - 5 years then may as well buy it and not worry about the depreciation just enjoy it at least its yours to keep? If your gonna change your car a lot and do high miles then maybe lease is better but ... I keep thing thinking also its dead money really? Stan My thing, would be that after 18 months of leasing you have nothing to show for your money, e.g no car to sell or px against the next one..... Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Granted, but in todays market renting is often as expensive if not more so than buying Also, from a biz persective, if the car was bought then the balance will be reducing month by month. And, If business dictates then the car could be sold to realise the capital (albeit that the monthly payments would continue) What happened to the old concept of just buying something when you have the money for it ?? It no longer exists - until it all goes pear-shaped when the mind is (so I'm told) re-focussed If the housing market goes tits up again like it did in the early 90's.. there will be more than refocussing needed Hence the BoeBR coming down last month, the market was at breaking point........ Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 However if the £xxx that you pay for the car enables you to make a good profit, ie finance the business then it makes leasing, releasing the cars value a viable option.I did the same with property, upped my mortgage in the short term hence higher monthly payments but the propery I bought made me a tidy profit. But what i'm talking about is using someone else money to do that.. Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Same as renting a house I guess - some prefer to do that whilst others mortgage themsleves to the hilt, pretending they can afford what they can't. Incidentally for what, when is that investment ever realised whilst you're alive Never thought about house buying in those terms before Dorian.., very thought provoking.... Hence the inception of Lifetime mortgages Bugger that... I pay enough to the taxman , vatman etc..without giving it a finance house as well I agree mate, I was pointing out what options are available to benefit from spending a lifetime of paying off a house. Whats the point in sitting on a mortgage free house, especially when peoples pensions annuities are providing bugger all and livving in poverty. Assett rish, cash poor? Perhaps because you have a nice house, no bills and quite a few quid to spend Thats not the typical person though...... Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? No. 6% and above and the market will start to collapse in on itself. All imo of course.... Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? 4% by this time next year Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? 4% by this time next year No chance. It would have to come down every other month to reach that. Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? 4% by this time next year That's interesting , I would have thought with raw materials going through the roof (steel, copper alloy etc.) , fuel /gas prices rising , food costs escalating(price of wheat has nearly doubled in 6months ) that it was a sure fire bet that inflation would rise Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? 4% by this time next year No chance. It would have to come down every other month to reach that. It has to, to avoid a recession - it will be a no-brainer once the US slowdown turns into a recession in Q1-2008 Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? 4% by this time next year That's interesting , I would have thought with raw materials going through the roof (steel, copper alloy etc.) , fuel /gas prices rising , food costs escalating(price of wheat has nearly doubled in 6months ) that it was a sure fire bet that inflation would rise True. No way will it go to 4%. I think it will vary between 5% and 6% for a year or two. The econonmy needs to give people a confidence boost in the housing market. Quote Link to comment Share on other sites More sharing options...
Digsy Posted January 4, 2008 Author Share Posted January 4, 2008 However if the £xxx that you pay for the car enables you to make a good profit, ie finance the business then it makes leasing, releasing the cars value a viable option.I did the same with property, upped my mortgage in the short term hence higher monthly payments but the propery I bought made me a tidy profit. That's it exactly. Liam, you can't compare leasing a car to renting a house because your house won't lose 40% of its value in 18 months. If the lease payments on a car are no more than the depreciation over the same time, what have you lost? Other than the grief of getting rid of the damn thing at the end. Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? 4% by this time next year No chance. It would have to come down every other month to reach that. It has to, to avoid a recession - it will be a no-brainer once the US slowdown turns into a recession in Q1-2008 It won't, Its not been 4% since Feb 04, which is nearly 4 yrs: http://www.bankofengland.co.uk/mfsd/iadb/Repo.asp The rate will drop but not to 4% in 12 months....... Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted January 4, 2008 Share Posted January 4, 2008 Hence the BoeBR coming down last month, the market was at breaking point........ You cant envisage the rate going up again in the near future?? 4% by this time next year That's interesting , I would have thought with raw materials going through the roof (steel, copper alloy etc.) , fuel /gas prices rising , food costs escalating(price of wheat has nearly doubled in 6months ) that it was a sure fire bet that inflation would rise Inflation yes, but interest rates will consequently go down , tenner on it Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 4, 2008 Share Posted January 4, 2008 However if the £xxx that you pay for the car enables you to make a good profit, ie finance the business then it makes leasing, releasing the cars value a viable option.I did the same with property, upped my mortgage in the short term hence higher monthly payments but the propery I bought made me a tidy profit. That's it exactly. Liam, you can't compare leasing a car to renting a house because your house won't lose 40% of its value in 18 months. If the lease payments on a car are no more than the depreciation over the same time, what have you lost? Other than the grief of getting rid of the damn thing at the end. Come on Digsy , you've brought this back on topic By the way agrere with yout last statement Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 4, 2008 Share Posted January 4, 2008 However if the £xxx that you pay for the car enables you to make a good profit, ie finance the business then it makes leasing, releasing the cars value a viable option.I did the same with property, upped my mortgage in the short term hence higher monthly payments but the propery I bought made me a tidy profit. That's it exactly. Liam, you can't compare leasing a car to renting a house because your house won't lose 40% of its value in 18 months. If the lease payments on a car are no more than the depreciation over the same time, what have you lost? Other than the grief of getting rid of the damn thing at the end. I didn't compare it to renting a house, Dorian did Quote Link to comment Share on other sites More sharing options...
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