Sarnie Posted January 6, 2008 Share Posted January 6, 2008 I'd never take a mortgage from a man with a lambo - i would assume (not necessarily correctly) that he was ripping me off and earning far too much from me! And by the way, you're all boring me now! I don't turn up in the Lambo so you'd never know What do you turn up in? My A3 Have we ever had pics? No. Its boring. I save my non zed pictures quota for my tango machine Quote Link to comment Share on other sites More sharing options...
Digsy Posted January 6, 2008 Author Share Posted January 6, 2008 I'd never take a mortgage from a man with a lambo - i would assume (not necessarily correctly) that he was ripping me off and earning far too much from me! And by the way, you're all boring me now! I don't turn up in the Lambo so you'd never know What do you turn up in? My A3 Have we ever had pics? No. Its boring. I save my non zed pictures quota for my tango machine Oh come on, don't be shy! We want to laugh at you! Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 6, 2008 Share Posted January 6, 2008 I'd never take a mortgage from a man with a lambo - i would assume (not necessarily correctly) that he was ripping me off and earning far too much from me! And by the way, you're all boring me now! I don't turn up in the Lambo so you'd never know What do you turn up in? My A3 Have we ever had pics? No. Its boring. I save my non zed pictures quota for my tango machine Oh come on, don't be shy! We want to laugh at you! I actually don't have pic of it Its black, I'm sure you've seen one before...... Quote Link to comment Share on other sites More sharing options...
GIXXERUK Posted January 6, 2008 Share Posted January 6, 2008 I have a Lambo and A3 TDI and a Bora TDI Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 6, 2008 Share Posted January 6, 2008 lambo - bora - A3 - and i'm sure i recall you mention another car ?? how many ??? Three at the last count. The bora is going soon, hopefully to be replaced by a zed Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 6, 2008 Share Posted January 6, 2008 Depreciation...whilst on the subject ...whats the most money anyone has lost in depreciation on a car ??? Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 6, 2008 Share Posted January 6, 2008 Depreciation...whilst on the subject ...whats the most money anyone has lost in depreciation on a car ??? I lost £4k on my yellow megane coupe. Not a massive amount but as a % of the original cost it equated to 66% of what I bought it for only 12 months previous........ Quote Link to comment Share on other sites More sharing options...
GIXXERUK Posted January 6, 2008 Share Posted January 6, 2008 lambo - bora - A3 - and i'm sure i recall you mention another car ?? how many ??? Three at the last count. The bora is going soon, hopefully to be replaced by a zed i could be interested in the bora mate, throw me a pm when you come to sell Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 6, 2008 Share Posted January 6, 2008 lambo - bora - A3 - and i'm sure i recall you mention another car ?? how many ??? Three at the last count. The bora is going soon, hopefully to be replaced by a zed i could be interested in the bora mate, throw me a pm when you come to sell Will do Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 6, 2008 Share Posted January 6, 2008 Depreciation...whilst on the subject ...whats the most money anyone has lost in depreciation on a car ??? I lost £4k on my yellow megane coupe. Not a massive amount but as a % of the original cost it equated to 66% of what I bought it for only 12 months previous........ Painful Quote Link to comment Share on other sites More sharing options...
GIXXERUK Posted January 6, 2008 Share Posted January 6, 2008 Depreciation...whilst on the subject ...whats the most money anyone has lost in depreciation on a car ??? I lost £4k on my yellow megane coupe. Not a massive amount but as a % of the original cost it equated to 66% of what I bought it for only 12 months previous........ Painful my bro inlaw lost 15k on his x5 in 6 months !! i added up how much he lost in 12 months on bikes and cars last year----- 40k Quote Link to comment Share on other sites More sharing options...
lomoto Posted January 6, 2008 Share Posted January 6, 2008 Depreciation...whilst on the subject ...whats the most money anyone has lost in depreciation on a car ??? I lost £4k on my yellow megane coupe. Not a massive amount but as a % of the original cost it equated to 66% of what I bought it for only 12 months previous........ Painful my bro inlaw lost 15k on his x5 in 6 months !! i added up how much he lost in 12 months on bikes and cars last year----- 40k Wow £15k on the beemer... Quote Link to comment Share on other sites More sharing options...
GIXXERUK Posted January 6, 2008 Share Posted January 6, 2008 Depreciation...whilst on the subject ...whats the most money anyone has lost in depreciation on a car ??? I lost £4k on my yellow megane coupe. Not a massive amount but as a % of the original cost it equated to 66% of what I bought it for only 12 months previous........ Painful my bro inlaw lost 15k on his x5 in 6 months !! i added up how much he lost in 12 months on bikes and cars last year----- 40k Wow £15k on the beemer... it wasnt the diesel it was the sport model with every extra, it was very quick for a tank 12 months = X5 sport, 911 c4s, m3 convertible, ducati 749, then a 999, gix 1000, R1, 2 ktm's (all new) he just took a 911 turbo out and didnt like it, no good for distance but a good buzz, so he was supposed to buy a 5k car while he decided what he wants ....... erm no..... came back with a 23k R32 as beater while he looks for something else azure zed behind it Quote Link to comment Share on other sites More sharing options...
ir_fuel Posted January 6, 2008 Share Posted January 6, 2008 On the subject of leasing, where you are "only paying the deprecation..." I did some calculations: VW Golf V GTi, standard car, no options: (couldn't find a Z on the leasing company's website) full leasing with fuel: 25.000km / year , 5 years. 1029.9€ / month. Giving the total at the end of: 61794€ If we were to buy it (same spec): price: 25.950,00€ (without dealer discount ! ) insurance (full coverage): approx. 1500€ / year (that was what i payed for the TT) = 7500€ tax to put it on the road for the first time: 2500€ yearly road tax: 250€ * 5 = 1250€ fuel: 125.000 km at lets say 10l/100km = 12500 l * 1.5 = 18750 maintenance / tyres: if I take again what my TT cost me i ll be 3 sets of front tyres, one set of rears and maintenance every 15.000km 3 sets of front tyres at approx 180€ * 6 = 1080€ 1 set of rears: 180€ * 2 = 360€ maintenance: between 150 - 350€ (never paid more. I know, its cheaper than in the UK) so lets say 250€ on average * 8 = 2000 + 1000€ for miscellaneous stuff (cambelt or i dunno whatelse, or brake pads ... ) total: 25950€ 2500€ 1250€ 7500€ 18750€ 1080€ 360€ 3000€ ------ 60390 € remember, the leasing was : 61794€ now lets factor in a loan for buying the car which will make it approx 2500€ more expensive in the end 62890€ Which leads us to difference of 1096€. So if this car is worth more than 1096€ leasing is a lot more expensive in this case. Imagine selling the car for 8000€ after 5 years, which you cannot do with the leasing, because at the end it is gone. Net result: -62890 + 8000 -------- 54890€ total cost of ownership, which is a difference of 6904€ compared to leasing. And this does not take into account that you usually get a discount from the dealer when buying a new car (for my Z this was somewhere around 7-8%) Now this is not a very scientific investigation and your numbers may vary wildly, but anyhow ..... *edit, forgot road tax ... Quote Link to comment Share on other sites More sharing options...
Digsy Posted January 7, 2008 Author Share Posted January 7, 2008 On the subject of leasing, where you are "only paying the deprecation..." I did some calculations: VW Golf V GTi, standard car, no options: (couldn't find a Z on the leasing company's website) full leasing with fuel: 25.000km / year , 5 years. 1029.9€ / month. Giving the total at the end of: 61794€ If we were to buy it (same spec): price: 25.950,00€ (without dealer discount ! ) insurance (full coverage): approx. 1500€ / year (that was what i payed for the TT) = 7500€ fuel: 125.000 km at lets say 10l/100km = 12500 l * 1.5 = 18750 maintenance / tyres: if I take again what my TT cost me i ll be 3 sets of front tyres, one set of rears and maintenance every 15.000km 3 sets of front tyres at approx 180€ * 6 = 1080€ 1 set of rears: 180€ * 2 = 360€ maintenance: between 150 - 350€ (never paid more. I know, its cheaper than in the UK) so lets say 250€ on average * 8 = 2000 + 1000€ for miscellaneous stuff (cambelt or i dunno whatelse, or brake pads ... ) total: 25950€ 7500€ 18750€ 1080€ 360€ 3000€ ------ 56.640 € remember, the leasing was : 61794€ now lets factor in a loan for buying the car which will make it approx 2500€ more expensive in the end 59140€ Which leads us to difference of 2654€. So if this car is worth more than minus 2654€ (which it would be, even in a total write-off ) leasing is a lot more expensive in this case. Imagine selling the car for 8000€ after 5 years, which you cannot do with the leasing, because at the end it is gone. Net result: -56640 + 8000 -------- 48640€ total cost of ownership, which is a difference of 13154€ compared to leasing. And this does not take into account that you usually get a discount from the dealer when buying a new car (for my Z this was somewhere around 7-8%) Now this is not a very scientific investigation and your numbers may vary wildly, but anyhow ..... Very unscientific indeed! I've not gone for a maintenance contract as I think they don't give value at my sort of mileage and just like buying a car you don't just find one lease rate - they vary wildly and lease companies can be played off against each other to get the lowest rate. I also imagine that the comparison may well vary significantly from car to car. Finally this takes no account of taxation for partnerships in the UK and is based on Belgian rates and prices. Quote Link to comment Share on other sites More sharing options...
ir_fuel Posted January 7, 2008 Share Posted January 7, 2008 I compared Belgian prices to Belgian prices for a full operational leasing. btw i edited it, forgot to calculate road tax I did the same calculation for my TT when buying it and it came to paying nearly the same cost of ownership, with that difference that at the end the car was mine, or the leasing company's. The choice was quickly made Quote Link to comment Share on other sites More sharing options...
Zedrush Posted January 7, 2008 Share Posted January 7, 2008 Depreciation...whilst on the subject ...whats the most money anyone has lost in depreciation on a car ??? Only ever lost on my first car the puma, all the rest of the cars always owned have made me money, looks like this Z will be the first loss if I ever sell, although I paid 18600 6month ago and it had under 10k miles and was a full GT pack so bought at a fair price Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 24, 2008 Share Posted January 24, 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 12 months from now a tenner will wing it's way up to Cumbria if inflation is lower than today No the bet is on interest rates at 4% - besides, there are so many measures of inflation, I doubt I can justify paying my lawyer to get my winnings I'll take £100 on the BoeBR being higher than 4% OK , I'll take your bet if you take it until after the Jan 2009 BofE monetary policy meeting - that's 13 meetings from now Its only 12 as they have had the Jan 08 one, but yeah, your on: +4% after the Jan 08 PS: I really hope I lose the best as I'll make a fortune if the rates come down that low......... Just to update, Prescience, rumour has it that the BofE base rate may be droping again to 5.25% in feb or march. Still away off 4% though Dorian Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted January 24, 2008 Share Posted January 24, 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 12 months from now a tenner will wing it's way up to Cumbria if inflation is lower than today No the bet is on interest rates at 4% - besides, there are so many measures of inflation, I doubt I can justify paying my lawyer to get my winnings I'll take £100 on the BoeBR being higher than 4% OK , I'll take your bet if you take it until after the Jan 2009 BofE monetary policy meeting - that's 13 meetings from now Its only 12 as they have had the Jan 08 one, but yeah, your on: +4% after the Jan 08 PS: I really hope I lose the best as I'll make a fortune if the rates come down that low......... Just to update, Prescience, rumour has it that the BofE base rate may be droping again to 5.25% in feb or march. Still away off 4% though Dorian Still away off the conclusion of the January 09 BofE Monetary Policy Committee meeting though going in the right direction and the yanks are doing their bit for me too Quote Link to comment Share on other sites More sharing options...
Sarnie Posted January 24, 2008 Share Posted January 24, 2008 You still need 5 or more decreases after that, unless they start doing it in 0.5% at a time Quote Link to comment Share on other sites More sharing options...
Sarnie Posted February 8, 2008 Share Posted February 8, 2008 5.25 % now Dorian Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted February 8, 2008 Share Posted February 8, 2008 5.25 % now Dorian TBH you will win the bet, 4.5% this time next year is likely not 4%. Of far more import is whether you've had to shift the G AND I HOPE NOT. Any more encouraging news to impart Quote Link to comment Share on other sites More sharing options...
Sarnie Posted February 8, 2008 Share Posted February 8, 2008 5.25 % now Dorian TBH you will win the bet, 4.5% this time next year is likely not 4%. Of far more import is whether you've had to shift the G AND I HOPE NOT. Any more encouraging news to impart It's still here, but maybe not for long........ Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted February 9, 2008 Share Posted February 9, 2008 5.25 % now Dorian TBH you will win the bet, 4.5% this time next year is likely not 4%. Of far more import is whether you've had to shift the G AND I HOPE NOT. Any more encouraging news to impart It's still here, but maybe not for long........ To quote a horrible 'americanism'.. that sucks Whatever has changed in your circs, seems to me it won't be for long and you'll be back given your mentality Maybe it'll enable you to move from Brum too there's no future there for any man - just a past regret Quote Link to comment Share on other sites More sharing options...
Guest prescience Posted October 10, 2008 Share Posted October 10, 2008 I'm now nailed on to win this £100 [we might all be out on the streets, but still ] Quote Link to comment Share on other sites More sharing options...
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