FlightMan

And THAT'S Worthy of an infraction is it?

Paul3446

Anything Pete posts is worthy of an infraction, he's a user who has been permanently banned.

FlightMan

Well seeing as he is still managing to post, it doesn't appear to be working does it?

chocolate_o_brian

iTrader: (22)

was discussed with webby, and apparently theres nothing to be done about banning someones ip address over just banning a user. hence why hes never really been banned.

it was also discussed that someones whos as desperate as pete for the attention by using dozens of new aliases is probably left alone and not approached without armour.

Paul3446

If I'd been permanently banned for being a complete saddo, I'd be too embarrassed to keep coming back.

It does seriously make you wonder if he does actually have some sort of personality disorder.

chocolate_o_brian

iTrader: (22)

you have pm (keep thread on topic)

unclebuck

Indeed. I reported the troll posts of a banned user to the moderation team but nothing was done. Clearly he is above the rules that apply to every other Scoobynet member.

chocolate_o_brian

iTrader: (22)

read my post re. discussing it... thats your reason.

Paul3446

OK, back on topic, I personally think the big surge in 4x4 sales is over, they will become something that only the really rich can own.

I think a lot of people have bought them after seeing adverts of 4x4s climbing rugged mountain terrain in Peru and thought, "God I need that lifestyle" when really they're just sitting in traffic in suburbia, in a car that they will never use to it's full potential.

J4CKO

iTrader: (1)

A lot of car dealers wont take a petrol X5 in part ex, at all, which is a shame as these are well made vehicles with lots of life in that are obsolete, my Saab is affected in a similar way though not as bad, the government have just decimated the values of what we have worked (and paid tax on) to buy, I can understand a slow increase in VED and fuel duty but the recent changes have just moved the goalposts too far and too quick.

Where is the sense of a 70k car like an X5 4.8is devaluing so quickly, something like that is effectively worthless as very few people are looking for that kind of car apart from the very rich, who buy new, even they will cotton on and buy something cheaper to run, even to a millionaire losing 70k in three years is depressing.

PeteBrant

Wouldn't effect them, the very rich don't buy cars

stilover

They build their own?

PeteBrant

Invariably, they lease them. Or occasionally finance them.

You don't get rich without knowing that a very good way to lose money is to buy a car

In fact, the rich don't buy things outright very often at all .

The reason being that you can use the money that would have paid for the car to make you money.

Pay the minimum you can for the car, and use the maximum money you can to work for you.

stilover

I think you'll find that the very rich car enthusiast buy's all his own cars. You just have to look at some of the Youtube clips and TV shows were the "Very Rich" are showing off there car collections. Can't remember them saying they've leased the £5m Ferrari 250GTO.

Or the Enzo, F40, F50, several other classic Ferrari's, Porsches, Lamborghini's etc, etc.

You don't have talk some sh*te at times Pete.

Cyril Robertson

The key word in there is classics. Appreciating cars will get snapped up. I know of some wealthy people who still finance cars, i.e 80 - 100k depreciating cars that they class as daily sh1tters.

Luan Pra bang

Are you mental the VERY rich do buy their own cars as when you have tens of millions 50k on a car is sweet FA. I could name three long term friends of the family who are worth over 30 million and all own thieir own cars.
1 has a 99 petrol range rover owned from new. The other a new rangerover. and one other has a bentley, rangerover sport and a Merc CL63 which he uses as he feels like. His wife has Vanquish that she has driven 4000 miles in as she thinks its to flash to drive about.
Small business owners lease cars as they claim the VAT and need the cash flow.

PeteBrant

Exactly.

There is a world of difference between buying an Enzo and a BMW X5, or even a Bently Conti.

Just for the benefit of you, Sti and Luan, here's how it works..

Lets say you pay £100,000 cash for a Bentley

As soon as you drive it off the forecourt it starts losing money.

Lets say you can lease one for £2000 a month. You take the remaining £76,000 and invest it. If you get a return over £12,000, then that car has cost you absolutely nothing.


You can have that advice free of charge



Talking ****e my ****, **** me, I hope niether of you are financial advisors.

billythekid

I have a 3.0i M Sport X3.
Cost me £25k at 6 months old.
Now, 2.5 years later, my local dealer have offered me £13k for it as a trade in.

So all in all I have lost £12k, a kick in the teeth perhaps, but not a kick in the ***** as if I had purchased it new 6 months before it would have lost more like £20k...

stilover

Think you'll find my post regarded Ferrari's, Porsches, Lamboghini's. Not X5's.

Yes, there daily drive to the shops etc, will be leased through their companies. Their pride & joy/joys for weekend use/looking at/collecting will all be bought.


Your comment was "The very rich don't buy cars"
Yes they do. Read your own comments.

PeteBrant

Tsk, keep up, the "very rich don't buy cars" comment was in reply to Jackos post about only the very rich buying X5's

And some rich people buy exotica if they are into that sort of thing. Lot's don't. (You can tell this by the low sales numbers of exotic cars).

The same principle of getting money to work for you rather than the other way round applies to lots of things. You can bet your life that a lot of people in multi million pound houses will mortgage them rather than buy them outright, even though they could afford to, Why? Because they can get a better return in other investments.

stilover

Really? You sure?

Ferrari = 2 year awiting list for any Ferrari

Lamborghini = Can't build them fast enough. New LP640 (Jet fighter one) at £1m, sold out.

Porsche = Most profitable car company in the world. Can't build them fast enough

Aston Martin = Upping production to meet demand. 18 month waiting list for DBS.

Audi = 2 year waiting list for the R8

Maserati = Upping production to meet demand.

Yeah, Pete. Supercar industry is suffering badly
People who can afford those type of cars don't really care about paying £400 a year car Tax, or £1.20/litre for V-Power

PeteBrant

Right, and how many Lambo LP640's are being made this year? hmm?

I didn't say the super car industry was suffering, I said Super cars sell in low numbers. And they do, especially with limited runs.

Look, there's no point in arguing this with you. If you can't see why people would lease over buying for cars that will deppreciate, then fine. You're dead wrong though.

Just tell me why, if you can have a car for free, why you would pay £100,000 for it?

Luan Pra bang

Your really do struggle with business don't you. For starters you can finance the car and still keep the majority of your 100k, for seconds a 12k return on 76k would be very hopeful especally in todays climate. Thirdly how you have structured your tax planing and wether you can claim your car as company car etc all add up to calculating the benefits or negatives of leasing. For fourths leasing leaves you with no asset to sell at the end while buying does.
Keep trying though you are entertaining.

PeteBrant

1. I said you can Lease, or finance

2. 12K is not hard to make with 76K. Buy oil, or other commodities you should make a profit, in ooo, a week?

3. Sell at what? a huge loss? Why would you saddle yourself with something that has potential for huge losses? When you can cut free with:
-a potential profiut from the on the other investment
-with no loss at all,
-or at absolute worse a *DEFINED* cost of lease. (can you tell me with a certain what a car bought for £100,00 will be worth in a years time?)


4. Buy this book, I think you need it.

Amazon.co.uk: Rich Dad, Poor Dad (Rich Dad): Robert T. Kiyosaki: Books


I've given all the free advice I am going to in this thread, if you want more, send me a PM and I'll send you a bill

lozgti

It's nothing to do with 4x4's! its blooming emissions!

(sorry,but passionate about the fact my family car will cost nearly as much VED as a new Bentley or Buggatti Veyron.Might not hurt the rich but it hurts us normal people)

Scooby-Doo

You say 12k is not hard to make then add the word should in the statement ????

Oil is $134 today, off $1 from a week ago. Nice profit you should have !!!!

PeteBrant

Right, in true Scoobynet fasion you have taken an obvious insinuation literally.

Tell you what, set up a spread bet on the price of oil, you bet on the price falling, and I'll bet on it going up, and lets see how we go.

Scooby-Doo

Thats what I do for a living, except Gas not Oil.

PeteBrant

Ok, so, do you think you cold make £12,000 in a year from £76,000?

J4CKO

iTrader: (1)

I never said the very rich buy X5's did I.

If so, I apologise, this is not true, its the wealthy and those who want to look wealthy.