Poor little might. Can’t afford her car !!!!!!!!

[Silver-Fox]

I bet 3rd party insurance didn't cost 2 months full time wages on your first car though.

No it was more like 3 months as an apprentice engineer ?

 

[thebriars]

I suggest the poor little thing reports the person that held a gun to her head to sign the agreement.
Failing that, do some evening classes in primary school mathematics

You can teach maths, you can't teach common sense.

 

[Emmit]

My first was a bakers van in the form of an A35 van.

It was a bit of a beast because when it was built in 1963 BMC in their wisdom would install any engines that were available.

In this case, instead of a 948cc or 998cc lump mine had a 1275cc engine with twin 1 1/4" SU Carbs.

The gearing meant it couldn't do more than 80mph but boy, did it get there quick!!!

 

[pagey]

i viewed a house on saturday the agent pretty little thing turned up in a 66 plate m540 v8 bmw i said nice company car she said its mine my husband bought it for me

 

[Larby]

I bought my current car when it was 4 years old, had it now for 21 years.
Done 195,500 miles on same clutch. Trouble is head gasket going so wife thinks at last, scrap yard, I think skim head, gasket set, belt and back on road.
Can't go wasting money on new cars.
Lovely late Cavalier CDX 2 litre EcoTec 16v.

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[Lenny HB]

When we was young it was nothing to see someone had rigged up some scaffold poles and was taking an engine out.

That sounds posh, remember taking the engine out of my mate mini using a length of 4x2 with rope around the engine and standing on the wings

My first car cost me £10 a 1949 Ford Prefect. By 24 I was on my 6th car and my first new one.

 

[Hollyberry]

Her daughter wasn’t “ sold a car” , she chose to buy it. As an adult she can sign loan forms. If she can’t understand them, don’t sign.
Thousands of vehicles for sale, you don’t have to have the most expensive.
And if you cannot ‘ project forward’, i.e. put yourself in a position in the future given certain information, your development hasn’t got much beyond an 8 year olds. Should she be at university ?
And I can’t agree life is tougher for young people now. I worked at 15 and had to hand over half my wages to my mother each week. No money left for the bus to work? Walk.

Lots of 18 year olds can train as nurses, join the forces etc.. It’s the “ university is my right” mentality that’s a big problem. Many use it to extend their childhood.

 

[Silver-Fox]

First time I buggered my back up.
Taking the engine and gearbox out of my 1300gt mk1 escort.

Rope around my neck and stood on the inner wings.
Surprising what you can lift when you need too ?

 

[TheBig1]

I had a few old bangers, but clocked up most of my miles in the business vehicles. the cheap bangers were insured third party fire and theft to build up a decent no claim discount

 

[TheBig1]

I had a few old bangers, but clocked up most of my miles in the business vehicles. the cheap bangers were insured third party fire and theft to build up a decent no claim discount

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[barsteward]

At 23 years old I'd already been working 8 years had a wife a child and mortgage. I didn't have a telephone let alone a mobile. I had an old 1960 Singer Gazelle that I had paid £60 for 3 years prior.

My parents taught me well about the university of life. One of their favorite quotes was " Tha never gets owt fer nowt lad" It has served me well for someone who left school with no educational qualifications, Oh and I still havent had my Gap Year.

I have no sympathy what so ever for any of them in fact if she were a male I'd advise her to grow a pair of cojones

 

[Loveshack]

These whining idiots will end up getting the law changed so that nobody is able to make their own financial decisions, bit by bit our freedom of choice is being eroded everywhere. Smoking. Sugar. H&S. Fat tax

Shall we blame the parents? Or the teachers and schools?
Or maybe we should blame “the system” and by system, we mean”the market”, that “thing” that makes the rules that govern the industries and the markets that we all rely on to provide the jobs that pay the wages that we all have to decide how to spend!
And then there are predatory credit providers who will let us all, whatever our age, have whatever we desire.

Welcome to capitalism. Did someone suggest bankruptcy was an optio?
At that age? It may serve the companies that sell these deals right, but it won’t help the 23 year old who is technically no longer a child, not her future anyway.
Sad, but the system has to be fed, doesn’t it?

 

[Silver-Fox]

Shall we blame the parents? Or the teachers and schools?
Or maybe we should blame “the system” and by system, we mean”the market”, that “thing” that makes the rules that govern the industries

Nope let’s just blame the individual ?

 

[Clarky]

Nope let’s just blame the individual ?

Exactly!
Nobody made her sign a contact that she couldn’t afford.
The salesman was just trying to make a living, just like the rest of us.
Whatever happened to ‘Buyer beware’?

Richard.

 

[RogerThat]

I don't think I've ever clicked the 'Like' button in agreement with so many replies in a single thread as I have here in this one ?‍

As for the young lady in this story?

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[Enword]

Oh I remember the day's when you had to be intelligent to go to University

 

[Silver-Fox]

Oh I remember the day's when you had to be intelligent to go to University

Same as that.
I believe that’s the reason I didn’t attend and did an apprenticeship ?

 

[Richard n Ann]

Nope let’s just blame the individual ?

100% agree, she's a grown up and knew what she was getting into. If not she must be retarded or something ?

 

[Ivory55]

In some ways we was lucky and had financial training very young with out knowing, by being sent to the shop for stuff and having to bring the right change back. We was handling money and seeing the value of goods. Now it’s all on cards and even delivered to the door

 

[Richard n Ann]

Kids who have always been given money don't know how to budget. I was skint for a couple of years after leaving school, did me a world of good, I've never had a loan in my life, ?

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[Barclaybasher]

Just another wind-up piece of crap 'reporting'..........believe it and join in..........

.......keeps everyone entertained' ..................is it really news?..........no

...............just another slow day in the newsroom

 

[The Lord Squid]

It's yet another thread which is nothing to do with "Motorhome Chat".

 

[Sus3v]

In some ways we was lucky and had financial training very young with out knowing, by being sent to the shop for stuff and having to bring the right change back. We was handling money and seeing the value of goods. Now it’s all on cards and even delivered to the door

Yup! Agree.
If I wanted to buy sweets after school I would have to spend my bus fare and walk home... financial decision making in action.
tv adverts now relentlessly show us just how much (startlingly irrelevant) stuff we need.... NOW.

I had to Share my Dad’s Standard 10 van. Van smelt of greyhounds and straw/hay but it didn’t cross my mind to borrow money to get something different or posher. I remember one boy used to drive his dad’s Capri and we were all dead jealous - (in a “who cares” teenager sort of a way).
But then, even in a village, we had an adequate bus service to get to work, so cars were less essential.

 

[ShaKen]

I’m sorry, but when i was a young chap, even though I had a job every weekend / summer etc I could never expect to afford a car when I was at College / Uni.

I agree that the world has moved on with different expectations, but if you can’t afford something (such as a £20k+ car to go the Uni in) then you don’t buy it/rent it!

The jobs of parent is to guide our youth in the right directions with insight, wisdom, knowledge and common sense derived from experience.

I do therefore feel slightly sorry for the young lady in this tale, due to the fact that she has been let down by her parents and possibly the education system - for not telling her that she was not smart enough/wise enough to make a rational purchase decision.

 

[Scotch mist]

I just had a big bunch of keys , had a different car every other night ?

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[Yorick]

She should instantly fail her degree for being stupid.

 

[buttons]

Easy solution, get the daughter to claim bankruptcy .... not a nice thing to do but so long as the parents didn't counter sign for the loan they're free and clear, the daughter will suffer for her bad judgement but it will at least get rid of the expense.

If she leased the car with a final payment or hand back clause then bankruptcy would make no difference, the car would be returned to the company. She would still have no car along with all the negatives of being a Bankrupt.

 

[Cal54]

My first motor was the only one I ever made money on! Cost £50, got rear ended and was written off - I bought it back from the insurers, had the local garage tidy it up and then flogged it for £75. It was an old red mini with a push button starter on the floor and the seat had collapsed so I used an upturned bucket underneath the seat to hold it up (I was a lot lighter in the 70’s!!). Still remember that old banger with affection.

 

[EuroTrotters]

My First car was a bright ORANGE Morris Marina, 1300cc mind. Cost me £250.00

But I see the details in the link two ways.

Firstly, I was screwed over for a mortgage some years back. And I was pretty savvy at the time. That and like many others, was sold the low cost endowment bullsh1t and an interest only mortgage. Ring any bells?.

Yes, in this day and age, people should be a little more switched on, but (arms in the air).

As for the cars of today.

When our two youngest daughters passed their tests age 17, we looked at older Peugeots and Citroens. But, they did not make financial sense. Because the insurers at the time had much higher premiums for older cars.

So it was Newer, Suzuki Swifts and Toyota Yaris. Moving on to BMW Mini (Cash) and an Audi A3, brand new. Cracking friends and family deal. And the best part, ended up zero interest. Audi Finance failed to send statements so had to refund interest, albeit low interest charges.

Have to do you homework these days.

Manufacturers do have some good deals.
Some do not. Buy a BMW and the "finance Manager" will screw you for the highest interest he can, at least 10%APR. However, if you have good credit, a personal loan can be less than 3% APR.

Do not buy from dealers advertising "no payments for 6 months" or "Only £75 per week", without checking the APR, terms and how its not that easy to save your weekly payment. It will be monthly. Its okay saying ill stay in one night at the weekend or ill take a packed lunch !.

If you do not have good credit, you will pay a higher price for a loan secured on the vehicle.

Loans are better regulated now. My STUPID Brother call stiched up by Glossop Caravans with an unregulated loan.

Why you should use a Regulated Finance Agreement

Why you should use a Regulated Finance Agreement. What you could potentialy be sold into · Get the inside track on classic cars at Classic & Sports Finance.

www.classicandsportsfinance.com

 

[Minxy]

If she leased the car with a final payment or hand back clause then bankruptcy would make no difference, the car would be returned to the company. She would still have no car along with all the negatives of being a Bankrupt.

But ultimately she was the one who 'bought' the car and took out the lease on it, not her parents ... if it means she will not have to pay for it anymore, which is what the mother appears to be whinging about, then they will have sorted that issue out. Depending on the clause it may be necessary for her to become a bankrupt to avoid any further payment, if not then no need. Either way she won't have a car.

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