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Not an Audi
https://www.bbc.co.uk/news/business-your-money-4877645 4">
Theres no way I would have paid 329 quid for a car at 23,and I had a full time job..... Has badge snobbery gone mad?
Down with this sort of thing.
£329 for a car. Bargain.
Yeah I saw that as well and didn't have a lot of sympathy. Dodgy Astra for me once I was working full time, at university it was walk, cycle or bus.
Don't you understand how special she is ?
She deserves the best, we'll think later about how to pay for it.
It’s the finance company’s fault for not telling her she couldn’t afford it.....
Yeah I saw that as well and didn’t have a lot of sympathy
Que?
Yeah, you're going to have to give us a clue!
Edit. I had a Caterham 7, I might have been 24.
Finance companies fault for not assessing affordability properly.
Parents fault for not educating their child about keeping to a budget and having enough savings for an emergency.
Societies fault for worshiping cars, poor town planning and not providing better public transport in many areas. Also societies fault for making debt too pervasive.
I had a bicycle when I was 23.
Can someone post a link to the story this relates to...?
Edit: https://www.bbc.co.uk/news/business-your-money-48776454
Take some personal responsibility for buying things on the never never that you can't afford.
Finance companies and banks are too keen to offer credit and deals to entice big loans on 'small' monthly figures.
It’s the next PPI/mis-selling gravy train...
1.0 Micra, cost £1200.
I saw the story and thought the same - there is a need for some personal responsibility here.
Dodgy car salesmen/women chasing commission have to take some of the blame here too.
I had a mini I paid 250 quid for at that age. I now drive a Volvo I paid a grand for. My bike however........
"Victoria is really embarrassed
Aww poor wee soul......think of the permanent damage the embarrassment has caused her, after all it is the birthright of every dopey bint to be running around in an Audi, how dare the finance company ask her to repay a mere £329 a month.
If you don't have the money you can't afford it. Especially for something big.
How much was the Audi?
As a student with insurance etc she should know she can't afford a top of the range car.
On the other hand you can get a 10 yo Q7 for a couple of grand.
It took me months of saving when I was a student to buy a bike and I only bought that because I couldn't afford to fuel my 1.1l fiesta.
Ah! My ex colleague once took out a personal loan to get a BMW 1 series, to the tune of £6.5k (her first car). After driving that round for 4 months, she was bored of it, she saw a ‘great deal’ on finance for an A1 (I’d half expected the story to be about her TBF, seems it’s more widespread) and signed up to that for 3 years, iirc around 300 a month, bugger all deposit. She then sold the BMW for £5k. And paid off her credit card (not the personal loan). A few months later she crashed the A1, (and wanted to sue the council for not gritting the road...) and was given an S1 as a courtesy car, no idea why, but over the 2 months it took to fix her A1 (£9k of damage, but that’s another story) she really liked it and was seriously considering upgrading. Audi were happy to do the trade, upping her payments considerably, and it was only a stern chat from friends and colleagues that convinced her that she really couldn’t afford it, based on her champagne on a lemonade budget lifestyle. She genuinely had no concept of money, despite being on a pretty average salary, at 25.
At 23 it was a Renault 5 1.7GTX. Bought my first house at 21.
I'm.not surprised.
I had colleagues on the same money as me driving range rovers and rs4s.
The same colleagues that shit a brick when the oil downturn came.
I still wouldn't consider my self to afford a 20k car.
First car a fiesta XR2 mkII - cost £4400 and insurance was 700. Bank loan. Sold it for 4200 a year later and went to Uni. Bike and bus for a good few years after that!!!
The motor industry has been very successful at convincing a fair number of people that their self-worth is bouyed by the car they drive.
And also at distracting people (young and old) from the overall cost of a vehicle, focusing instead on the monthly payments.
It's quite hard to actually find out what a new vehicle might cost me from a lot of vendors.
Blame ****less kids if you want but its the grown-ups that have let this happen.
PS - AT 23 I think I was driving a 1.3l Fiat Regatta I bought off my mate's dad for £450.
1969 mini £90, stored at parents when at uni as i couldn't afford to run it, was my first car i had while working ( for a few years). Current car was valued at £150 for trade in, 160000 miles on the clock and had it 10+ years, i earn above ave salary but wouldn'tdream of buying a car at £300+ a month!!
At 23 I had already owned about 20 cars (I may have had a problem) and was driving a bare metal restored TR6 that was worth about £20k in 90 and couldn't sell it for £5K in 92 after the market had crashed, along with the housing market so I didn't have a great experience at 23 either.
somafunk
Subscriber
after all it is the birthright of every dopey bint to be running around in an Audi
Where did this come from? She went looking for a cheap car and got first upsold to something different, then given a finance agreement that the dealership almost certainly realised was too high for her- she wasn't going around demanding a top end car.
Basically the worst I can see to say about her, is that she's a total mug, but I could say a lot worse about the dealership, salesman, and finance company.
(I didn't get a car til I was in my 30s, and I bought it free and clear... but if someone had said oh hi we'll basically lend you anything you like without any sort of responsible lending consideration or checking, then who knows, young idiot Northwind might have been suckered)
Someone’s ****ed up there.
Either she lied about her income, the dealer lied for her (happens terrifying often) or the finance company (usually VWFS) are off their heads and begging to be made an example of.
‘Living with parents’ used to be pure gold for passing affordability tests) but she’d need an income of around £1k a month to pass for £300 a month.
Oh yeah, I had a Golf GTi, it cost about £2k and I bought it with my first bonus when I worked in finance. I didn’t lease a car until about a month (at 42) and only then because I got a car allowance.
Silly sod. At that age I had a Mk2 Escort that cost me £1,100.
Where did this come from?
To me it sounds like she wanted a nice shiny trinket to flash on instagram/social media so she agreed she could afford £329 month for a runabout despite being at uni/part time job, ergo she's a dopey numerically challenged bint.
At 23 I had a Mk1 Golf GTI that I'd bare metal restored in dragon green.
My sister in law ended up in a similar position to the girl in the 1 story.
Shop cards, credit cards all maxed out but fancied an A3 so popped to Audi and got one.
How she got the finance cleared I'll never know..
Mummy can't sleep at night. Didums.
Mummy should have told daughter that she didn't need a Panzerwaggen for university.
Daughter is a badge junkie and knows she has rights. She has to show off and it's not her fault that she agreed to pay back nearly £20,000 on a student grant.
Absolutely no sympathy for her. At that age I had a beat up mini that used as much oil as fuel....and I was in full time employment.
somafunk
Subscriber
To me it sounds like she wanted a nice shiny trinket to flash on instagram/social media
All you really see about her intentions are that she went to the dealership to buy a cheap car, how did you deduce the rest?
Always someone else fault, eh ?
They could always sell the Audi and pay the loan off.
I’m confused. If she can’t afford it, can’t she sell it?
Always someone else fault, eh ?
That's exactly where things are going. Always someone else's fault, never their own.
Damn them cursed finance companies who provide you with the figures to make an informed decision but fail at wiping your ass as well.
All you really see about her intentions are that she went to the dealership to buy a cheap car, how did you deduce the rest?
Because I’m a genius that’s how...........
nah.....I ain’t a genius really but cmon.........do you really think she went to a Audi main ****ing dealer to get a cheap runaround to get her from A to B whilst at uni?, she wanted a ****ing Audi as a status symbol because anything else would not be fitting of her aspirations and how would she ever gain access to her desired social class if she drove anything else?
If you genuinely think otherwise then check your emails, my Nigerian uncle has a proposition for you regarding an investment
i had an old Fiat Uno, 1 litre engine, cost me £1050 and it was slow and handled badly...new front shocks may have helped although it kept passing the MOT. Bl00dy scary when i had to cadence brake to keep it in in a straight line once on the M1 when a caravan overturned in front....i managed to avoid the audi beside me and pulled up about a foot short of the transit in front...needed new undercrackers...almost needed new seat covers.
finance/credit has gone nuts but how people are so stupid to get into the debt does utterly astound me.
It’s quite hard to actually find out what a new vehicle might cost me from a lot of vendors.
This X lots.
Even on used cars I was seeing alot of xyz a month on windows ....
The guy I was dealing with kept quoting me a monthly number on the car I wanted. I shut him up when I asked for how long and then when I got the 5. Years answer replied with so you want me to pay 13 grand for this 8grand car ? I'll pay it in full thanks. He came back with a finance deal that cost me less over 3 years than my savings should earns.
My workplace is full of 23-25 year old graduates with brand new audis and bmws on finance. Most still stay with their parents. Madness.
BBC website, full of clickbait news stories about upper middle class idiots from south of the Watford Gap. Glad I don't pay the license fee (legally of course).
My first car was an old Ford Fiesta costing a grand. I couldn't get reasonable insurance on the MK1 Toyota MR2 I had in mind. Ploughed the Fiesta into a wall after 3 months. Bought a 1.2 litre Peugeot 106 with the insurance payout and rode around in that for 3 years. Oh the times we had together!
Kids nowadays are spoilt rotten!
At 23 I was in the lucky position of owning a Peugeot 309 1.3. I loved that car - although my previous was a Morris Ital so the bar was low.
Although I agree some young people want everything and want it on finance - but is this different to 27yrs ago? I remember mates who were up to their eyeballs in debt back then.
I think at 23 I had a Hyundai lantra 1.6.
My parents said I couldn't keep my rusty 1.6 escort (Ghia I'll have you know with wood dash n all) as it was just too rusty..... Wings, door bottoms and sills.
They gave me the family car as a graduation present. ..... After 3 weeks I longed for my rusty escort ....
A mini Mayfair was my first.
Was at my local vw dealer waiting to pick up my car after service, and there was a young lass enquiring about the new polo, as she'd had her old version for a year and all her friends were buying the new one, the sales guy was "trying to make the figures work" and she agreed to buy a higher spec new car to replace a one year old one!!!!
Nothing wrong with taking finance, as long as you can afford the repayments.
Maybe victoria isn’t too bright, that’s hardly the crime of the century, but the finance co should have accurately assessed whether she could afford to pay it.
This does seem to be a modern thing i think, a guy i work with is on £8 an hour, he’d already pcp’d a vauxhall mokka before he’d actually passed his test.
He’s paying 330 a month for it over 3 years, almost 12k to not own a car at the end of it.
And he’s restricted to 5k a year mileage.
No way would that be me.
1968 1500 VW Beetle at 23, 53 now and still have it. Hasn't moved in at least 15 years though.One day one day....
At 23 I would of had my AX GTi bought two years earlier for £1400. A year later I bought a JDM Prelude for £2300.
I'm also of the view that they could sell the car, and either clear payments or pay off last remaining bit.
Unless of course she was sold a car at twice the price it was worth...
First car was a Fiat that cost me £90 that I earned cleaning the loos in the local National Park car park. That was back in 1984. The last car I bought 2 years ago was a broken Audi that I also gave £90 for, changed the gearbox, and have been driving reliably since.
At 23 I think I had two cars, a convertible and a nearly new c-max for biking and other stuff. So ermmmmmm.......
Yeah I saw that as well and didn’t have a lot of sympathy. Dodgy Astra for me once I was working full time, at university it was walk, cycle or
Hang on a moment.......
£329 a month for a car is a lot less than the rent on student digs. And once shes graduated she will still have the car. It's not complete financial madness (assumption: she needs the car because she's living at home and commuting to uni).
And it says she was paying that out of her wages not her loan. So again, not too financially daft (unless she could have taken the student loan and got a car with it).
Mind you with the number of students cam whoring and selling themselves on sugar daddy websites reaching epidemic levels, it probably doesn't seem a lot of money to that age group when they are all raking in £3k+ a month for a few hours a week 'work'.
somafunk
Subscriber
nah…..I ain’t a genius really but cmon………do you really think she went to a Audi main * dealer to get a cheap runaround to get her from A to B whilst at uni?, she wanted a * Audi as a status symbol because anything else would not be fitting of her aspirations and how would she ever gain access to her desired social class if she drove anything else?
You think it's more plausible she went there expecting to be offered finance to buy a £20000 car with no affordability checking?
Besides, exactly how many doors do you think driving an Audi open? I don't remember seeing it when I was filling in my Illuminati application. It'll impress middle aged mountain bikers down the local trail centre I suppose.
matt_outandabout
Subscriber
Unless of course she was sold a car at twice the price it was worth…
It seems pretty unlikely that a salesman that upsold her to £20000 and gave her finance that was completely unsuitable, also gave her an especially good price. But even if she did, she'll not recoup it on a private sale.
I work with loads of people in their 20s in the NHS in nursing, some unqualified staff are on 16k a year. One lad on 16k is driving an evoke (white obviously).
High percentage of the nurses have BMWs and Audis on the never never. When talking cars they can't get thier head around me driving a 6 year old ford and 10 year old citroen. But then I own a house and have two kids to feed, cloth and pay child care for. They live at home with mum and dad and are paying either nothing or very little in terms of keep.
One girl wants to trade in mid PCP as she does it yearly (must be losing money here) and get a Q7 (white obviously) with a 26k income. Fair play.
Oh and for the thread title at 23 I was driving an XR2i bought for 2.5k. That was white as well.
The next big sub-prime bubble bursting moment.
Near as £46bn borrowed in 2018! WTAF? Amazing to think that none of that money is real or exists... we’ve been here before...
blimmin entitled millenial snowflakes.
I had to wait until I had a job after uni for a couple of years before I could afford a car (on HP), and that was in the days of student grants, not loans.
poverty level has clearly changed in the last couple of decades. I had to do with an an effing rubik's cube as a christmas present... and that had to be shared with my 2 brothers. now poverty is "no you can't have another iphone because you broke the screen again, you'll have to wait till your next birthday!".
if you can't afford 329/month, then you can't afford a car. full stop. and do they still exclude student loans company repayments from your credit score?
not just parents fault for not educating kids. home finance should be compulsory education in school too.
blimmin entitled millenial snowflakes
You do know that millenials are born from the start of the 80s to the mid nineties dont you? It's more a generation z hate you need to be looking at.
We came of aged at the turn of the millennium hence the name.
It's the standard singletrack response to label us all useless.
My peers and I worked hard for everything we have. Though I had a Sega megadrive not a rubix cube. Even had to buy my own first mobile phone and car aged 18. The horror!
Kind regards,
A self entitled millenial snowflake
Societies fault
Exactly. If they had to join the army and learn to kill people they would learn to appreciate the value of things.
she should know she can’t afford a top of the range car.
A £20000 Audi is not a "top of the range car".
But yeah, "she was pursuaded to buy ... ".
A 1.3 Uno with dodgy third-gear synchromesh (they all do that sir) was my ride at 23. It did a lot of miles between the East Coast and Cardiff while we waited for Mrs Sandwich to get a transfer.
Article contradicts itself. The mum complains that people shouldn’t be sold finance they can’t afford - which I agree with 100%. But they only stepped in to pay the bill [i]after[/i] daughter lost her job. So she could afford it? Albeit probably living at home & spending virtually all her wages from PT job paying for the stupid car. Give up car, declare bankruptcy, life lesson, move on 😀
I work with loads of people in their 20s in the NHS in nursing
Doesn't the NHS have ridiculous good value PCP deals including maintenance avaiable to staff? A friends partner is just about to get an A2 for around £340 per month all - servicing, maintenance, insurance.
Thats pretty sensible fixed cost motoring (if you can afford it)
BBC website, full of clickbait news stories about upper middle class idiots from south of the Watford Gap.
You could say they are doing a public service by making an example of these people.
Anyway. If there's one positive thing I can do for my kids it's to show them how debt can **** up your life.
Back when I had a Hillman Imp, you had to have an iota of intelligence to go to University. That’s the biggest change I can see.
If they had to join the army and learn to kill people they would learn to appreciate the value of things.
A Challenger 2 tank is £4.2 million quid.
Also available on PCP for £78,750 per month. No credit checks.
Mind you with the number of students cam whoring and selling themselves on sugar daddy websites reaching epidemic levels, it probably doesn’t seem a lot of money to that age group when they are all raking in £3k+ a month for a few hours a week ‘work’.
That’s how I funded my lavish lifestyle at polytechnic. Not quite the same returns on investment for sending Polaroids by second class post though
so my first ‘car’ was an ex council transit auctioned off by a council that had been poll-capped
A Citroen Dyane - bought with a blown engine, had it towed to local 'specialists'.
New engine was fine and it lasted ages. Simple to fix, amazingly flexible and fun to drive and own.
Got rid few years later as my dad stopped driving and I wanted to keep his old Fiesta MK1 going (957cc, drum braked throw back, but I loved it). Learned to drive in the Fiesta - possibly on it's second floor at this point.
That lasted until there was nothing left to weld and I bought the world's most boring Mk 2 Jetta.
Mind you with the number of students cam whoring and selling themselves on sugar daddy websites reaching epidemic levels, it probably doesn’t seem a lot of money to that age group when they are all raking in £3k+ a month for a few hours a week ‘work’.
Are you OK there mate? Bit of a weird comment.
While some threads bring out the best in this forum, I think this one's bringing out the worst - even from contributors who normally seem sensible.
Yes the world is going to hell in a handcart, but youngsters are the last ones who can be blamed TBF.
Are you OK there mate? Bit of a weird comment.
Fine thanks. What's weird about it, haven't you seen this in the news? 3 million signed up across these types of sites in the UK alone, 56k young women in universities across the UK signed up to a sugar daddy website, several universities have 1k members. Adverts and billboards promoting the websites on campus as a way to pay tuition fees. 36% increase in sign ups in 2019 compared to 2018 which was up 22% on 2017. Universities appointing staff to give advice on the subject etc etc.
I'm not blaming the youngsters, I'm commenting on the fact that some of them are raking it in, therefore £300 odd a month can seem trivial amongst certain peer groups.
I’m not blaming the youngsters, I’m commenting on the fact that some of them are raking it in, therefore £300 odd a month can seem trivial amoungst certain peer groups.
Yeah, I mean, look at the car parks at Sunday league football, I mean some footballers are raking it in, so buying a Bentley is trivial to the players
While some threads bring out the best in this forum, I think this one’s bringing out the worst – even from contributors who normally seem sensible.
Just what I was thinking.
I had an Austin Healey Sprite when I was 23 - given to me by an ex when we split up! Turned out to be 'quite' rusty though.
blimmin entitled millenial snowflakes
Yup. PCP is exactly the same as your generation going out on a Friday night to hotwire an Escort XR3i or or Nova GTe before doing your bit for the aids epidemic in the back seat.
Bloody generation X ruining car insurance and casual sex for everyone.
At 23 I couldn't afford a car that went as fast as my motorbike so I didn't have one.
I haven't read the detail, but would she own the car after 5 years, or like many current deals have to return it or pay a hefty outstanding sum? That might affect her ability to sell. It has got me wondering though - what would I do if I was the parent. My initial instinct would be to say "your problem, you deal with it", but ultimately I'd do what was best in the long run for my offspring, which might be to pay it, or might be to get legal advice about terminating the contract. I did something similar on a much smaller scale as a 17 year old (in order to get a state of the art CD player). In my case though I paid most of it off through paid work after school, but I still asked my (irate) father for some help. What I find a bit shocking is how little change there has been in how easy it is to get HP in the intervening 30 years.
In 1987 I took out a £1000 loan to buy and insure! a mk2 cortina.
I loved❤️ that car.
Wow, she pays more than I do for what was a new 35k Skoda Superb estate.
I'm not one to talk though, at 23 I had an Impreza STi V4 Type R. 😆
She needs a knackered nissan micra, like what I had. You could have bought one and a third of it outright for 329 smackers. Total fanny magnet. And when the exhaust fell off it sounded like a spitfire
At 23 I had a GSX-R 750 and a KTM 250 Enduro, as cars seemed something too boring to even contemplate. Mind you, I left school at 16 and got a decent job.
I went back to university a year later and they both got sold and it was mountain bikes and buses
The idea that as a student you could finance something like that is just bonkers. You’d be hard pushed to finance bangernomics, never mind specced up Audi’s
Total financial illiteracy, not to mention a sense of entitlement.
Stricter finance checks? FFS! Just have a look at your bank balance. You’ll soon know if you can afford a twenty grand car or not.
just wanted to chime in to say that i, too, am morally and intellectually superior to that there bint
hell in a handcart!!!!!1111
You bloody miseries
If I was coming out of uni now with what is now basically an entry level qualification for £40k+ of debt, house prices 8 times the average wage and still living with my parents i’d Drive whatever the hell I wanted Grandad so sit the hell down.
i’d Drive whatever the hell I wanted Grandad so sit the hell down
Yeah, but 'Car payments are ruining our lives'..