Car Payments?

[roverbarmy]

I was brought up that if you can't afford it you can't have it. Todays "yoof" seem to want their cake and eat it.
https://www.bbc.co.uk/news/business-your-money-48776454
My kids bought reasonable "older" cars until they could afford "something better"! No wonder students are complaining about loan debts if they want designer clothes, phones and cars whilst they are studying. Credit is too easy and some folks are just greedy and foolish if they think that they can have it all for nowt. We are just a few paypackets away from being homeless and in debt .................... if we are not careful. Cut your coat according to your cloth. Rant over!

[topman]

Seems crazy to buy an expensive new car on such a part time student job.

Although I'm surprised the car finance company didn't run any checks at all?

[AndyN01]

I'm afraid I've zero sympathy.

Personal choice has consequences.

You chose to go out and buy something and now you can't afford to pay for it.

I guess the finance company will repossess and sell the car to recover their money and there will be no car for the student. Tuff.

Hopefully it'll be a lesson learned.

It's not always someone else's fault!

How many really good R75's could you buy for £20K?

Andy.

[Rev Jules]

The daughter of my sons partner, a right little scrote got her 9k grant and blew it on a camper van.

[markypicks]

students spend most of there time in pubs and drinking cheap ale in parks n stuff rgds mark

[Lancpudn]

My heart bleeds







I knew a few of my friends kids did the same, They'd no idea what an M.O.T. was just splashed out on new cars every three years, the ones with free insurance, none of them had a "proper job" as far as I could tell.

[AndyN01]

Originally Posted by markypicks

students spend most of there time in pubs and drinking cheap ale in parks n stuff rgds mark

Not all of them........

My son's a vet.......

They're told on day 1 that there's no chance of having a part time job, going out every night etc. etc. if they want to pass.

They still have their share of fun but it's a serious amount of work.

However, I totally agree that there are some courses/students that do seem to have a few years "holiday"

Andy.

[RPWC]

Originally Posted by markypicks

students spend most of there time in pubs and drinking cheap ale in parks n stuff rgds mark

Not all of them do. My daughter has recently finished a 3 year course, she owes £27k in tuition fees, her loan was spent on living costs and food. Perhaps once a moth she would go to to the student union for a few drinks with her course friends, she treated herself to an occasional trip to the theatre, but spending her money in parties and drinking was something she didn’t do. She may be the exception rather than the rule, but neither of us were ones for that type of culture when we were her age, I used to go to the local pub Friday , Sat and Sunday nights, when I was living with my folks, but never one for heavy all night drinking.
She is now back home and seeking employment in the field she has worked hard and studied to get in to for the last three years.
Tuning to the article in question, I think the salesman failed to explain to her the overall cost of the car. My daughter wants a car, as she passed her test last year, but will wait until she starts a job, as it’s jot just paying for the car, it’s the insurance premium that will be the highest cost. Thankfully she has an idea of how much per month she wants to pay for a car, once she starts earning.