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  • Property-a-holics

    New car or another BTL!!!

    I treated myself to a Classic Mini, (Ok two of them!) For smile to miles, the best money I've spent in years!

    Life is too short, my father spent some of his pension on his dream Bentley on his 65th Birthday, he only got to drive it for 6 months. I am sure had he known his time was so short he would have bought it years before.

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    Toys are the reward for achievement enjoy them when your young enough an fit enough 

    I had a Morgan at the age of 21 I was the youngest member in the Morgan Sports car club

    I had a look at one last week and something has happens I have aged and I could not get out the car  once I was in it ?????

    The memories last longer then the price paid which is forgotten

    enjoy it now if you can afford it




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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Agreed DL

    Similar to you  I was in service and same as you ex lads dying off. As you said in your earlier post, by the time your 60 you've had your best years and another 15 years hopefully to enjoy yourself with your savings and assets. Youve got to have an exit strategy plan as time waits for no man. The University leaving town last year was the decider for me. I've had the 'Eureka' moment and made certain decisions and plans for the houses. People think they're going to live forever and have the same health in their 70's.Very few people do.

    Start planning your exit strategy,obviously trying to avoid paying as little tax as possible but sometimes having to bite the bullet.


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    Delaying a purchase by another year or so will mean a loss of income and capital appreciation.
    The car means bills bills bills
    I know what I'd choose.
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    As I'm in my 30s, I'd go with another property and maybe finance a car. I may sound a bit old school, but new things wear out pretty quickly. Experience what counts. Take a Lamborghini on a test drive, or rent it for a week and enjoy. Then give it back to the owner. Wasting cash on material things is, well, just a waste. My opinion Smile Good luck with whatever you will decide.

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    People’s ( especially young people’s) obsession with material things especially fancy cars and the easy access to credit is a modern day plague . I’m not including the poster here as he has saved and could buy with cash . The next subprime crisis like the housing one of 2008 will be a car loan crisis as lenders aren’t doing much due diligence on affordability just like when mortgages were given out to anyone who wanted one in the years up to 2008 . 
           On the posters dilemma I would say if he is over 50 with any health problem then live life to the full and if cars are your thing then go for it . I have a 2007 Volvo S60 with 100k plus miles on it but it’s such a solid and reliable car why change it as it’s only worth 2k so the depreciation is negligible compared to a new one that won’t drive any better . 
           The bigger issue is why so many of us older Landlords with portfolios where there is huge equity tied up don’t just sell the lot and spend the rest of our lives on cruise ships and in 5 star hotels ? I think the answer is we are greedy and we are addicted to money . 
           
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     TV adverts creates false imagery and a desire in us

    Then we collude together to spend on that stuff and then compare notes 

    Its a fix by the advertising industry. The constant branding of merchandise to create desire

    Its all in our mind though . So we pay for a badge

    But hats off to them off, they are very good at it and make their money from us suckers

    I saw someone I know who works in a bar

    He had  the name `Jack Wills` across his chest on the  top he wore in massive letters 4 inches high

    I had no idea who Jack Wills was so I asked .

    Its a clothing brand he explained along with a look that said - how could you possibly not know that

    https://www.jackwills.com/

    How much I asked . £80 but I got it for £40 he proudly said . He earns £10 an hour in a bar

    So 4 hours work pulling pints  to get that . I bought  4 T shirts for £8

    His top and my top  both do the same job though.

    Advertising had created an illusion for him and he had fallen under its spell

    That`s just one of the reasons I sit one side of the bar and he stands on the other side

    Its hard to break out of the illusion  created by our westernised consumerist culture

    Freedom was always my goal .

    A 32K car would have  delayed my freedom by a couple of years maybe

    And now I have my freedom a 32K car still doesn`t appeal.

    I think I am missing a gene



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    Jonathan Clarke. http://www.buytoletmk.com

    it would be a waste of money.
    you need to think of your long term income.
    if it were me I would invest in a stocks an shares ISA
    spend £12 of it an buy a book called Own the world by Andrew craig an look up Hargreaves an landowners itl change your mind.
    if u really need to buy a car like other comments say pay monthly.
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    Another idea.

    Stick to your standard car but when you want a fancy one, hire it from Turo - Much more choice and far cheaper than your standard car rental company as you are renting from actual owners. I've used it a few times abroad but never in the UK yet!

    I too am into cars and went through the same dilemma you are going through. The dilemma comes and goes but I found the two routes don't have to be mutually exclusive. With websites like this, you can do it as much as you like, try out different cars until the itch goes away!

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    What are your goals in life? 

    Do you want to get out of the daily grind or at least scale back in the next few years? Then you need to generate income, so keep the old banger until it stops.

    If you don’t mind working hard in your day job, and don’t even think of stepping back, then buy the flash car, you worked hard for it. You will save up the next deposit soon enough. 

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