Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Please check the Forum Guidelines at the top of the Newbie section

Pages: 1 2 [3]  All   Go Down

Author Topic: Hypothetical car finance Q...  (Read 4929 times)

0 Members and 1 Guest are viewing this topic.

The Sheriff

  • Guest
Re: Hypothetical car finance Q...
« Reply #30 on: 19 April 2015, 20:44:11 »

Think of it as, my cars interior v my mortgageabilty. No contest!

I assumed Al already had a mortgage. ??? ???

Im only guessing here....but I think Al lives with his Mum.....as every post ive seen when he's been praised for work done on other peeps omegas....his mum gets a mention for great bacon sarnies.... :-\
You're a nosy bastard, Dave. ;D

No....just observant ....I don't care who Al lives with....hows that's nosy  :-\

I may be totally wrong and he just does repairs on his mums drive.... :-\

But not nosey  :y
Touchy..... ::)   ;D
Logged

05omegav6

  • Guest
Re: Hypothetical car finance Q...
« Reply #31 on: 19 April 2015, 21:11:20 »

Would you really hand over the keys of your merc to someone else, to put thousands of miles on it and devalue it even further and expect them to look after it as you would?
I wouldn't.

Neither would I.

Its been devalued anyway.....it'll be on the V5 its been used a taxi   ;)
Not so. Two private owners from new ;)

There are a couple of possibilities for renting them out, but in a world of Skoda shitboxes a Merc is a bit rich for most people :-\

Will see what tomorrow brings...

I happen to rent a room above my Mums drive, hence the supply of bacon sarnies ;D
Logged

The Sheriff

  • Guest
Re: Hypothetical car finance Q...
« Reply #32 on: 19 April 2015, 21:26:46 »

Would you really hand over the keys of your merc to someone else, to put thousands of miles on it and devalue it even further and expect them to look after it as you would?
I wouldn't.

Neither would I.

Its been devalued anyway.....it'll be on the V5 its been used a taxi   ;)
Not so. Two private owners from new ;)

There are a couple of possibilities for renting them out, but in a world of Skoda shitboxes a Merc is a bit rich for most people :-\

Will see what tomorrow brings...

I happen to rent a room above my Mums drive, hence the supply of bacon sarnies ;D
Well, you may end up destitute but at least you won't be homeless. Bet that's cheered you up. ;D
Logged

05omegav6

  • Guest
Re: Hypothetical car finance Q...
« Reply #33 on: 19 April 2015, 21:30:20 »

Lots ::)

 ;D
Logged

D

  • Omega Knight
  • *****
  • Offline Offline
  • Gender: Male
  • SE London
  • Posts: 1111
    • 03 3.2 Elite
    • View Profile
Re: Hypothetical car finance Q...
« Reply #34 on: 19 April 2015, 21:48:54 »

Have you tried https://www.wewantanycar.com/

Some of the wbac alternatives are quite reasonable.
Depends on your definition of reasonable  ::)
But thanks for the thought :y

I cannot remember the spec or how old your car is but the car in the link will get you £15,600 on the website I suggested. Is yours older or higher mileage etc?
« Last Edit: 19 April 2015, 21:50:32 by D »
Logged
Never Argue With A Fool – They Will Drag You Down To Their Level, Then Beat You With Experience!

05omegav6

  • Guest
Re: Hypothetical car finance Q...
« Reply #35 on: 19 April 2015, 22:06:28 »

Mine is 6 months older, twice the mileage, but much better specced :y

£12,100 was their best offer :(
Logged

D

  • Omega Knight
  • *****
  • Offline Offline
  • Gender: Male
  • SE London
  • Posts: 1111
    • 03 3.2 Elite
    • View Profile
Re: Hypothetical car finance Q...
« Reply #36 on: 19 April 2015, 22:47:05 »

Hmmm, at that sort of mileage the price that these companies will pay will dip dramatically. So will the scope of the privately buying crowd.

So if you sold the Insignia, are you saying that the Merc would be too expensive to run as your only private car? Because it would make sense to get rid of the car with lesser neg equity and wait for the Merc's negative equity to lessen. That is presuming you run it as your car, and not a taxi and put even more miles on it. If that makes sense?
« Last Edit: 19 April 2015, 22:51:46 by D »
Logged
Never Argue With A Fool – They Will Drag You Down To Their Level, Then Beat You With Experience!

05omegav6

  • Guest
Re: Hypothetical car finance Q...
« Reply #37 on: 19 April 2015, 23:13:57 »

It would be a struggle, and would be dependent on getting shot of the Insignia. If manageable, it would only be until it reached the 31st month, then it could be thrown back... that also applies to the Insignia.
Logged

chrisgixer

  • Omega Baron
  • *****
  • Offline Offline
  • Woking ham
  • Posts: 2616
  • Banned
    • Irmscher 3.2 Elite lpg
    • View Profile
Re: Hypothetical car finance Q...
« Reply #38 on: 19 April 2015, 23:28:49 »

Looking at it the other way, what sort of income could two cars give you?
Logged

05omegav6

  • Guest
Re: Hypothetical car finance Q...
« Reply #39 on: 20 April 2015, 00:11:12 »

£400 a week would keep both cars on the road, insured, plated, Motd, taxed, shod and serviced... that's before profit...

As taxis, purely from a Rank basis, both cars carry the same income potential as it's pure chance... Rented out to a driver with an established business, the Mercedes should command a premium :-\
Logged

Sir Tigger KC

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • West Dorset
  • Posts: 23485
    • 2 Fords
    • View Profile
Re: Hypothetical car finance Q...
« Reply #40 on: 20 April 2015, 01:11:05 »

£400 a week would keep both cars on the road, insured, plated, Motd, taxed, shod and serviced... that's before profit...

As taxis, purely from a Rank basis, both cars carry the same income potential as it's pure chance... Rented out to a driver with an established business, the Mercedes should command a premium :-\

Rent it out then and look at it purely as a cash cow.  ;)   Spend the bare minimum on maintenance etc, keep paying the finance and put a bit aside to tart it up when you are ready to sell it.  :y
Logged
RIP Paul 'Luvvie' Lovejoy

Politically homeless ......
Pages: 1 2 [3]  All   Go Up
 

Page created in 0.032 seconds with 18 queries.