rent or buy a car?

Old Apr 12th 2011, 2:01 pm
  #46  
WWLLCJD?
Thread Starter
 
Scamp's Avatar
 
Joined: Feb 2011
Location: Dubai
Posts: 21,864
Scamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond repute
Default Re: rent or buy a car?

Originally Posted by Blue Cat View Post
thought you might be
What's that supposed to mean!!?
Scamp is offline  
Old Apr 12th 2011, 10:00 pm
  #47  
Account Closed
 
Joined: Sep 2010
Posts: 754
weasel central is an unknown quantity at this point
Default Re: rent or buy a car?

Originally Posted by Scamp View Post
What's that supposed to mean!!?
are you a bit on the *porkulent* side of the scales?
weasel central is offline  
Old Apr 14th 2011, 4:44 am
  #48  
WWLLCJD?
Thread Starter
 
Scamp's Avatar
 
Joined: Feb 2011
Location: Dubai
Posts: 21,864
Scamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond repute
Default Re: rent or buy a car?

Originally Posted by weasel central View Post
are you a bit on the *porkulent* side of the scales?
According to the rubbish that is the BMI.

But fortunately I'm tall enough I get away with it.
Scamp is offline  
Old Apr 14th 2011, 5:16 am
  #49  
BE Forum Addict
 
flares's Avatar
 
Joined: Nov 2009
Posts: 2,971
flares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond reputeflares has a reputation beyond repute
Default Re: rent or buy a car?

I'm going to go against the grain slightly.

Buy an old wreck. I procured a knackered old Pug 306 estate 180k km on the clock when I first got here for about 1.5k GBP as I like you need the independence whilst all my peers were getting their loans for their Volvo XC90s. As long as it runs and the a/c works that's all you need. All the electrics went in the end so I ended up never locking the thing and having to disconnect the battery as the lights and alarm wouldn't turn off.

Then just give it away when you get some dosh behind you and upgrade.

And you can drive confidently at those twats who queue jump knowing that another dent in your car doesn't matter.

I'd love to get a nice example of a 1980s Nissan Cedric. There must be a place where the Indians sell these cars between themselves.
flares is offline  
Old Apr 14th 2011, 5:22 am
  #50  
WWLLCJD?
Thread Starter
 
Scamp's Avatar
 
Joined: Feb 2011
Location: Dubai
Posts: 21,864
Scamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond repute
Default Re: rent or buy a car?

Originally Posted by saudiflares View Post
I'm going to go against the grain slightly.

Buy an old wreck. I procured a knackered old Pug 306 estate 180k km on the clock when I first got here for about 1.5k GBP as I like you need the independence whilst all my peers were getting their loans for their Volvo XC90s. As long as it runs and the a/c works that's all you need. All the electrics went in the end so I ended up never locking the thing and having to disconnect the battery as the lights and alarm wouldn't turn off.

Then just give it away when you get some dosh behind you and upgrade.

And you can drive confidently at those twats who queue jump knowing that another dent in your car doesn't matter.

I'd love to get a nice example of a 1980s Nissan Cedric. There must be a place where the Indians sell these cars between themselves.
I agree with you massively, but in the same vein I am a car fan and would like to get something half decent...but not extravagant.

Went to Abu Dhabi yesterday and on the radio they were talking about a car on it's side on SZR....that makes me want something that is at least going to turn into a bouncy castle on the inside if i'm in an accident.
Scamp is offline  
Old Apr 14th 2011, 6:24 am
  #51  
Lost in BE Cyberspace
 
Joined: May 2008
Posts: 5,125
busybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond repute
Default Re: rent or buy a car?

[* ignore the rates quoted by the banks - 3.99% is actually about 8% as they do a very weird, and non standard calculation.[/QUOTE]



when you see a bank rate its usually not APR, so it will be nearly twice the price. if you look at the small print it explains it, but of course people here think oh its a really cheap loan but no loan is cheap. there is also different rates for different companies/professions. think there are 3 scales, ie government will be 1 etc
busybee2 is offline  
Old Apr 14th 2011, 7:44 am
  #52  
Millhouse is not a meme
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,686
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: rent or buy a car?

Originally Posted by busybee2 View Post
[* ignore the rates quoted by the banks - 3.99% is actually about 8% as they do a very weird, and non standard calculation.


when you see a bank rate its usually not APR, so it will be nearly twice the price. if you look at the small print it explains it, but of course people here think oh its a really cheap loan but no loan is cheap. there is also different rates for different companies/professions. think there are 3 scales, ie government will be 1 etc[/QUOTE]

no shit. that's what I said.
Millhouse is offline  
Old Apr 14th 2011, 8:15 am
  #53  
Account Closed
 
Joined: Oct 2008
Posts: 2,502
Ethos83 is an unknown quantity at this point
Default Re: rent or buy a car?

If you want to take out a loan, ask the bank to tell you what the monthly payments are for the typical 3 or 5 year loans.

Then multiply the monthly payments by 36 or 60.

Be prepared to be shocked.

I'm going to run you through a case example based on what I remember my old flatmate having to face when he bought his car back in 2008. The car value was 100K. He put down 30K. Loan value: 70K

With a five year loan the payments were projected at 1800AED a month. That's 108,000 AED he'd have to pay back at the end of the day.

A three year loan with 2250 monthly payments: 81K he would have to pay back.

Summary: three year loans are much better than five year loans.

Get a 3-4 year old 3-door Pajero for around 50-55K. Put down as much as you can. Take out a short a loan period. The car will be reliable, last a long time and will be quick to offload when the time comes.
Ethos83 is offline  
Old Apr 14th 2011, 8:18 am
  #54  
Hit 16's
 
Bahtatboy's Avatar
 
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Bahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond repute
Default Re: rent or buy a car?

Or use taxis, but hire something interesting once a month when you fancy a jaunt.
Bahtatboy is offline  
Old Apr 14th 2011, 9:49 am
  #55  
WWLLCJD?
Thread Starter
 
Scamp's Avatar
 
Joined: Feb 2011
Location: Dubai
Posts: 21,864
Scamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond reputeScamp has a reputation beyond repute
Default Re: rent or buy a car?

Originally Posted by Ethos83 View Post
If you want to take out a loan, ask the bank to tell you what the monthly payments are for the typical 3 or 5 year loans.

Then multiply the monthly payments by 36 or 60.

Be prepared to be shocked.

I'm going to run you through a case example based on what I remember my old flatmate having to face when he bought his car back in 2008. The car value was 100K. He put down 30K. Loan value: 70K

With a five year loan the payments were projected at 1800AED a month. That's 108,000 AED he'd have to pay back at the end of the day.

A three year loan with 2250 monthly payments: 81K he would have to pay back.

Summary: three year loans are much better than five year loans.

Get a 3-4 year old 3-door Pajero for around 50-55K. Put down as much as you can. Take out a short a loan period. The car will be reliable, last a long time and will be quick to offload when the time comes.
Thanks for that. Surely it's just simple replication of any interest loan?? longer you take to pay, the more you pay?

Bahtat - Not a bad shout...
Scamp is offline  
Old Apr 14th 2011, 9:53 am
  #56  
Lost in BE Cyberspace
 
kittycat1's Avatar
 
Joined: May 2009
Location: Dubai
Posts: 5,965
kittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond reputekittycat1 has a reputation beyond repute
Default Re: rent or buy a car?

or be like me and taxi it everywhere, or get given lifts by nice people!
kittycat1 is offline  
Old Apr 14th 2011, 6:37 pm
  #57  
Lost in BE Cyberspace
 
Joined: May 2008
Posts: 5,125
busybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond reputebusybee2 has a reputation beyond repute
Default Re: rent or buy a car?

Originally Posted by Millhouse View Post
when you see a bank rate its usually not APR, so it will be nearly twice the price. if you look at the small print it explains it, but of course people here think oh its a really cheap loan but no loan is cheap. there is also different rates for different companies/professions. think there are 3 scales, ie government will be 1 etc
no shit. that's what I said.[/QUOTE]

no i explained in more detail. i have told loads of people that the interest they are being quoted, which they think is really really cheap is not really that cheap. and they still go on about i've taken it out out over 5 years, well again, the longer you take the loan the more you pay, as you pay the same amount of interest even if you pay it off early and then they will sting you for early repayment too!
busybee2 is offline  
Old Apr 16th 2011, 4:59 am
  #58  
Hit 16's
 
Bahtatboy's Avatar
 
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Bahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond reputeBahtatboy has a reputation beyond repute
Default Re: rent or buy a car?

The sun rose in the east this morning.
Bahtatboy is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.