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Author Topic: Insignia 2.0cdti auto as tow car  (Read 5743 times)

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Field Marshal Dr. Opti

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Re: Insignia 2.0cdti auto as tow car
« Reply #30 on: 22 June 2018, 22:10:18 »

I keep coming across people with interest only mortgages these days.

I had one in addition to a repayment mortgage. Not good.

Dead money much like renting. :-X
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Entwood

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Re: Insignia 2.0cdti auto as tow car
« Reply #31 on: 22 June 2018, 22:20:16 »

One major advantage of a credit card that is often overlooked is the protection offered by Section 75 of the Consumer Credit Act 1974, which states that the credit card company is jointly and severally liable for any breach of contract or misrepresentation by the retailer or trader.

This effectively means the credit card company has made the purchase, not you as an individual. Very few retailers will take on the credit card companies given the funds they have available, but will try and stitch up an individual..... by using section 75 you simply force the credit card company to take action on your behalf, in the event of any dispute with the supplier.

For this reason I make good use of my credit cards - ALL internet purchases, all "street market" purchases, all mail order purchases, etc etc .. you can see my drift  - anything that does not involve a "shop" I can enter and bang a desk. However, much to the annoyance, I expect, of the credit card companies, I pay the card off, in full, every month.

So I never pay interest or fees, and if needed, I have the law, and the credit card company, to back me up in any trade dispute ....  it's a very cheap form of insurance IMHO ... :)
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Andy B

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Re: Insignia 2.0cdti auto as tow car
« Reply #32 on: 22 June 2018, 22:21:00 »

As an apprentice, we had financial advisors give us all a presentation on various money issues. Before they started, one said that if we remember nothing else from the presentation, just remember to only ever get a repayment mortgage ..... which is what I did.  :y
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Andy B

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Re: Insignia 2.0cdti auto as tow car
« Reply #33 on: 22 June 2018, 22:23:28 »

 ..... and what Nige said  :y :y
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Field Marshal Dr. Opti

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Re: Insignia 2.0cdti auto as tow car
« Reply #34 on: 22 June 2018, 22:54:45 »

As an apprentice, we had financial advisors give us all a presentation on various money issues. Before they started, one said that if we remember nothing else from the presentation, just remember to only ever get a repayment mortgage ..... which is what I did.  :y

I've had an endowment mortgage (disaster)

I've had a repayment mortgage (better)

I've had an interest only mortgage (expensive)
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Sir Tigger KC

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Re: Insignia 2.0cdti auto as tow car
« Reply #35 on: 23 June 2018, 01:42:49 »

One major advantage of a credit card that is often overlooked is the protection offered by Section 75 of the Consumer Credit Act 1974, which states that the credit card company is jointly and severally liable for any breach of contract or misrepresentation by the retailer or trader.

This effectively means the credit card company has made the purchase, not you as an individual. Very few retailers will take on the credit card companies given the funds they have available, but will try and stitch up an individual..... by using section 75 you simply force the credit card company to take action on your behalf, in the event of any dispute with the supplier.

For this reason I make good use of my credit cards - ALL internet purchases, all "street market" purchases, all mail order purchases, etc etc .. you can see my drift  - anything that does not involve a "shop" I can enter and bang a desk. However, much to the annoyance, I expect, of the credit card companies, I pay the card off, in full, every month.

So I never pay interest or fees, and if needed, I have the law, and the credit card company, to back me up in any trade dispute ....  it's a very cheap form of insurance IMHO ... :)

^^This!^^


Last year I bought a mobile phone in Vietnam in a Saigon branch of the country's biggest electrical retailer.  Think Currys/Dixons.  :y

I paid with my credit card 'just in case' as I didn't really believe the salesman's patter of international warranties etc, and after the bloody thing duly bricked itself during it's first Android update, I got a full refund from the credit card company.  :y

So I also use my credit card much more these days as an added source of consumer protection.  ;)
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Re: Insignia 2.0cdti auto as tow car
« Reply #36 on: 23 June 2018, 08:35:13 »

Then you either don't need one or you don't have a dedicated, robust just in case fund...  ::)

Nobody NEEDS a credit card, but they're handy to keep in your wallet & you're not spending your own money till you pay the bill at the end of the month.
And many offer cashback/vouchers etc, whenever you use it.  Granted, might not be much, but to quote Tesco, …

But the key is you absolutely must pay it off in full every month.
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Re: Insignia 2.0cdti auto as tow car
« Reply #37 on: 23 June 2018, 09:09:12 »

Unfortunately most, even if they genuinely intend to, don't. And therein lies the crux of their peril...

And points do not outweigh the interest if you don't pay it off religiously. They merely become another justification.

Incidentally, PayPal purchases funded with a credit card are covered by PayPal rather than Section 75...
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TheBoy

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Re: Insignia 2.0cdti auto as tow car
« Reply #38 on: 23 June 2018, 09:22:42 »

Unfortunately most, even if they genuinely intend to, don't. And therein lies the crux of their peril...

And points do not outweigh the interest if you don't pay it off religiously. They merely become another justification.

Yes, agreed, it takes discipline. If you start to not pay off the full amount, you'll get in trouble quite quickly.

*IF* you are able to ensure always paid off, its a useful tool.  But I never buy anything on the CC unless I have the money in my current account to cover it.
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Field Marshal Dr. Opti

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Re: Insignia 2.0cdti auto as tow car
« Reply #39 on: 23 June 2018, 10:21:05 »

Yep......credit cards are a great tool so long as as you pay them off in full each month. :y

In the hands of the immature and irresponsible they become a weapon of mass destruction. :-\

I managed to get £369 back on a selection of bamboo plants that were 'not as described' bought on a credit card.
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Field Marshal Dr. Opti

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Re: Insignia 2.0cdti auto as tow car
« Reply #40 on: 23 June 2018, 10:25:12 »

Unfortunately most, even if they genuinely intend to, don't. And therein lies the crux of their peril...

And points do not outweigh the interest if you don't pay it off religiously. They merely become another justification.

Yes, agreed, it takes discipline. If you start to not pay off the full amount, you'll get in trouble quite quickly.

*IF* you are able to ensure always paid off, its a useful tool.  But I never buy anything on the CC unless I have the money in my current account to cover it.

It does mount up and it is easy to put more on plastic than you can remember.

Last month I had  CC bills of more than £8000 spread over 4 or 5 cards. Most of it was petrol for the bid red pussy. ::)
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henryd

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Re: Insignia 2.0cdti auto as tow car
« Reply #41 on: 23 June 2018, 10:53:18 »

Wtf has this to do with an Insignia as a tow car ::)
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Sir Tigger KC

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Re: Insignia 2.0cdti auto as tow car
« Reply #42 on: 23 June 2018, 10:55:01 »

Wtf has this to do with an Insignia as a tow car ::)

Maybe he'll buy his Insignia with a CC!   :P  ;D
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Andy B

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Re: Insignia 2.0cdti auto as tow car
« Reply #43 on: 23 June 2018, 11:01:14 »

Unfortunately most, even if they genuinely intend to, don't. And therein lies the crux of their peril...

And points do not outweigh the interest if you don't pay it off religiously. They merely become another justification.

Yes, agreed, it takes discipline. If you start to not pay off the full amount, you'll get in trouble quite quickly.

*IF* you are able to ensure always paid off, its a useful tool.  But I never buy anything on the CC unless I have the money in my current account to cover it.

It does mount up and it is easy to put more on plastic than you can remember.

Last month I had  CC bills of more than £8000 spread over 4 or 5 cards. Most of it was petrol for the bid red pussy. ::)

8 thousand?  ???
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Field Marshal Dr. Opti

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Re: Insignia 2.0cdti auto as tow car
« Reply #44 on: 23 June 2018, 11:02:33 »

Unfortunately most, even if they genuinely intend to, don't. And therein lies the crux of their peril...

And points do not outweigh the interest if you don't pay it off religiously. They merely become another justification.

Yes, agreed, it takes discipline. If you start to not pay off the full amount, you'll get in trouble quite quickly.

*IF* you are able to ensure always paid off, its a useful tool.  But I never buy anything on the CC unless I have the money in my current account to cover it.

It does mount up and it is easy to put more on plastic than you can remember.

Last month I had  CC bills of more than £8000 spread over 4 or 5 cards. Most of it was petrol for the bid red pussy. ::)

8 thousand?  ???

....Yes.  But not every month, Mr Beanz. :y
« Last Edit: 23 June 2018, 11:04:14 by Field Marshal Dr. Opti »
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