Does this affect any of you

Doesn’t affect me. Never bought any vehicle ,including motorhome, on finance. If I can’t afford it I won’t buy it. I’m not knocking others who buy on finance and I know I’m in the minority but that’s simply (maybe unfortunately and possibly not financially sensible) the way my brain works. I hate owing money. I even paid off the mortgage on my house as soon as I possibly could.
 
maingate said:
With a Guiness label in the place where the Tax Disc should be. 😁
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Many years ago, when I was young and foolish I was stopped by the police and warned that my guiness label was out of date. Thankfully that was long before computer records, as I didn’t have a license either, I was advised to drive to the nearest scrap yard and leave it there and that no further action would be taken.
 
Bought one car a vw 1303 on the drip when 19 from a garage i worked in, got feed up and after 3 mths paid it of in full before selling the pile of junk.
After that started buying and selling cars so most came free to me and never buy anything on the drip, most folk here do as nearly all cars are not much over 2 years old before dispossing running up to first mot, n ireland has the highest new car buying in europe.
 
Me neither it does not affect me I always pay cash for my motorhomes and my cars.
In the past 30 years all I had was my mortgage, but that was paid off 20 years ago.
Since then debt free, but I reckon I was lucky. I know folk who for personal and health reasons have had to resort to debt to get not what they want, but what they need.
But apparently a lot of motorhomes both new and second hand are bought using finance, as are some cars. And I thought that this may affect some on here.
 
I had a bank loan to pay for my second car many, many years ago but since then have used part-ex and cash for any subsequent purchases. I (my first wife that is!!) have only ever bought 1 car brand new tbh. We always buy at around a year old, the same as our MH's.
 
I have been offered intrest free cridit for my eye operation in a few weeks time, cost £5100, i have £1600 under the floor boards which im putting up front to reduce the payments, so £50 a week for 18 mths, i may put more down if i sell some more marine engines. ;)
 
Never had finance apart from a mortgage in 1983 which we paid off in 1998.
Moved house five times since then, paying cash for doo'er uppers then selling on 3-5 years later.
Been hard graft and we have lived in some right hovels, including one which had a 'not fit for human habitation' order issued by the D-O-E, due to no roof at the rear of the house and extensive dry rot.
 
izwozral said:
Never had finance apart from a mortgage in 1983 which we paid off in 1998.
Moved house five times since then, paying cash for doo'er uppers then selling on 3-5 years later.
Been hard graft and we have lived in some right hovels, including one which had a 'not fit for human habitation' order issued by the D-O-E, due to no roof at the rear of the house and extensive dry rot.
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Blimey Ral, I didn't know Prince Philip's jurisdiction stretched to that!

:)
 
The only time I have taken credit was when I started a new job. and was offered an interest free loan equivalent to my annual salary.
One of the conditions was that the repayments were taken from my net monthly pay over 4 years, another was that it was immediately re payable if I resigned.

Put it all straight in a building society, managed to live on the reduced take home and 4 years later I had a decent lump sum saved up. (Saving interest rates were around 9%)
 
Always paid up front ( can you remember when asking for a cash discount was met with just that, rather than a look of are you kidding?). The problem is the system / society encourages credit and debt. When my eldest daughter hit 18 years of age she was bombarded with credit card offers. I said to her don't touch them. Her response was "I'm getting two or three dad, but I will pay them off every month. If I don't I won't have a credit rating and will struggle to get a mortgage or loan if I need one" She got a mortgage on her own at the age of 21. Lesson learned by dad! Don't get me started on student loans as something which endorses debt from an early age ;)
 
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