Cost of vehicles....

[Lever357]

I bought my first pick-up, a Ford Ranger super cab, in 2011 from a garage. It was two and a half years old, had 27,500 miles on and cost me £9350 plus the vat.

Fast forward to April 2018, and I replaced it with a vehicle from the same garage - an Isuzu DMax extra cab. It was two and a half years old, had 27,500 miles on (the garage used to buy ex-hire trucks) and cost me £12.795 plus the vat. Not bad I thought, similar vehicle with similar spec had only increased by three and a half grand in 7 years.

I have been looking recently for another super, extended,king cab truck with under 30,000 miles and less than three years old and guess what - nothing under £24,000!!!!! Plus the vat. So, in the first 7 year period, the values had risen by around 35%. In the next seven year period, we are looking at a 100% increase!!!

Unfortunately, my income has not kept up with those percentage increases!! For the annual mileage I do, I cannot justify the outlay and I have decided the money saved will cover an awful lot of repairs to my truck.

 

[bobt]

the change in tax rules means they are not as abundant,

 

[MarinePMI]

Well, when all the new vehicles have to meet new environmental standards, ones that raise the cost of producing said vehicle, then used vehicles go up in price.

Pretty much basic economics. And also a lesson in supporting feel good legislation that has harmful real world, financial impacts on the constituency.

 

[Freeforester]

.. Legislation which the manufacturers have tried to ‘circumvent’ as best they can, getting caught cheating is also rather costly for them, but if you feel good about gaining compensation out of them, bear this in mind when it comes time to change: there is no such thing as a ‘free’ lunch…

 

[Apthorpe]

the change in tax rules means they are not as abundant,

Not just that. All the other deranged governmental policies...net zero, anti-business and covid related have hammered the supply.

 

[starr shot]

I bought my first pick-up, a Ford Ranger super cab, in 2011 from a garage. It was two and a half years old, had 27,500 miles on and cost me £9350 plus the vat.

Fast forward to April 2018, and I replaced it with a vehicle from the same garage - an Isuzu DMax extra cab. It was two and a half years old, had 27,500 miles on (the garage used to buy ex-hire trucks) and cost me £12.795 plus the vat. Not bad I thought, similar vehicle with similar spec had only increased by three and a half grand in 7 years.

I have been looking recently for another super, extended,king cab truck with under 30,000 miles and less than three years old and guess what - nothing under £24,000!!!!! Plus the vat. So, in the first 7 year period, the values had risen by around 35%. In the next seven year period, we are looking at a 100% increase!!!

Unfortunately, my income has not kept up with those percentage increases!! For the annual mileage I do, I cannot justify the outlay and I have decided the money saved will cover an awful lot of repairs to my truck.

Get a Major service with oil sampling A good steam clean and undersealing and the Isuzu will go on for years.

 

[Cottis]

You can factor in currency debasement, inflation of money supply and the decreasing purchasing power that seems never ending, on top of the things others have mentioned.

Rather than worrying about the cost of stuff and deciding whether or not to purchase things, it is prudent to use literally whatever spare money you can afford to invest in things that will help avoid the erosion of your purchasing power when you exchange your time, energy and skills for money.

That is a far better use of your time rather than working the same for less or working even harder and still struggling to retain the same standard of living as you did before.

Economically speaking, this country (and the Western world in general) is screwed unless you position your finances accordingly. Low time preference, patience and discipline for the win.

 

[Liveonce]

You can factor in currency debasement, inflation of money supply and the decreasing purchasing power that seems never ending, on top of the things others have mentioned.

Rather than worrying about the cost of stuff and deciding whether or not to purchase things, it is prudent to use literally whatever spare money you can afford to invest in things that will help avoid the erosion of your purchasing power when you exchange your time, energy and skills for money.

That is a far better use of your time rather than working the same for less or working even harder and still struggling to retain the same standard of living as you did before.

Economically speaking, this country (and the Western world in general) is screwed unless you position your finances accordingly. Low time preference, patience and discipline for the win.

or go on benefits and not work

 

[Essexsussex]

You can factor in currency debasement, inflation of money supply and the decreasing purchasing power that seems never ending, on top of the things others have mentioned.

Rather than worrying about the cost of stuff and deciding whether or not to purchase things, it is prudent to use literally whatever spare money you can afford to invest in things that will help avoid the erosion of your purchasing power when you exchange your time, energy and skills for money.

That is a far better use of your time rather than working the same for less or working even harder and still struggling to retain the same standard of living as you did before.

Economically speaking, this country (and the Western world in general) is screwed unless you position your finances accordingly. Low time preference, patience and discipline for the win.

I think I get this, my interpretation of what you said is don’t buy things unless you have spare money, and spend spare money on things that make you able to earn more or work less. And spend as much as you can / have spare doing so.

 

[MarinePMI]

I think I get this, my interpretation of what you said is don’t buy things unless you have spare money, and spend spare money on things that make you able to earn more or work less. And spend as much as you can / have spare doing so.

I think what he is saying is that if you make more money, invest it, so it is working for you, staving off the effects of inflation as your money grows (compounds).

 

[Bavarianbrit]

I struggle to find anything worthwhile to park the funds in these days, I have opened an ISA maxed out to the 20K but other than that where do I put my millions?

 

[Kalahari]

I struggle to find anything worthwhile to park the funds in these days, I have opened an ISA maxed out to the 20K but other than that where do I put my millions?

I am sure there is a nice man in Nigeria who will help you out!!!!

David.

 

[kenbro]

I’ve just started saving towards my 3rd million £.
KB.

 

[kenbro]

Never made it to the first two so thought I’d start over .
Ken.

 

[MarinePMI]

I struggle to find anything worthwhile to park the funds in these days, I have opened an ISA maxed out to the 20K but other than that where do I put my millions?

Money Market accounts?

 

[finbar]

A started out with nowt & a still got half it left