Stock Markets

[john m]

Stocks losing billions in value as interest rates are set to rise .I wonder how much longer 0% interest rates will be offered for new cars .A 1 or 2 % increase in interest rates over the next year or 18 months will knock the bollox out of the recovery with higher mortgage and credit card repayments .Just noticed yesterday Renault who were offering 0% on one of their new cars are now charging 4.6% interest .

[mercenary for hire]

Make no difference taxi drivers don't concern themselves about rates.You either need a car or you don't.

[The Liffey Lip]

Stocks losing billions in value as interest rates are set to rise .I wonder how much longer 0% interest rates will be offered for new cars .A 1 or 2 % increase in interest rates over the next year or 18 months will knock the bollox out of the recovery with higher mortgage and credit card repayments .Just noticed yesterday Renault who were offering 0% on one of their new cars are now charging 4.6% interest .

Judging by the number of diesels the dealers could end up lumbered with, I'd say they'll keep it at 0% and absorb the hit themselves. Interest rates have been kept at inordinately low levels by the ECB to avoid the whole project being exposed for what it is...a German Ponzi scheme, with Paddy paying 42% of all EU debt...what a nation of mongs we are.

[mercenary for hire]

Ermy if you're considering a Renault you might as well look at Dacia.Same company but cheaper.

[john m]

Ermy if you're considering a Renault you might as well look at Dacia.Same company but cheaper.

If Im changing Im looking for a 7 year old high milage private car with about 150/180K kilometers .High for a private car low for a taxi pay about 2 or 2,500 for it get trade .Get two years out of it .I already have a meter so only need to have it transferred new Door stickers would need to have NCT and SGS anyway .A 7 year old Trade Car would be better with lower milage than most 7,8 or 9 year old taxies in the fleet now .I dont do much so a cheaper petrol car with more expensive petrol might workout the same as an Expensive diesel with cheaper fuel .Its a business control costs use the lowest applicable standard .I think it was the Dacia they were looking for 4.6 % interest last year they were 0% interest .

[Rat Catcher]

I'd go for a 5 year motor. Getting the meter installed is a pain in the arse and costs money. Door stickers cost money. Initial suitability costs money. Meter sealing costs money. Time off the road costs money. Seat covers cost money. If you're OCD the first year's motor tax costs time as you'll want the disc as soon as your passed out so you'll have to travel up to Dublin to buy it in person, etc, etc...

[Shallowhal]

7 yr motor is a waste of time...and money considering the initial costs involved as RC mentioned,i bought a 4 yr old car giving me 6 yrs driving,but i suppose if buying a car every couple of years is your thing..rock on.

[john m]

7 yr motor is a waste of time...and money considering the initial costs involved as RC mentioned,i bought a 4 yr old car giving me 6 yrs driving,but i suppose if buying a car every couple of years is your thing..rock on.

The initial costs are there whatever you buy 7 year old for 2 and a bit costs you about a grand a year to own 4 year old car might set you back 12k thats 2 and change per year to own .I dont cover the miles you do Hal makes no sense to spend money on a motor .If Iwant something to decorate my drivein ill buy some Gnomes .

[watty]

@ JohnM:  where are you seeing 7yr old cars for €2-2.5k? I sorta have the same idea as you but I can only see cars on the likes of donedeal for €6k+  Would a car dealer give up ~€3-4k profit just so he doesn't have to give a warranty in a trade sale?

[john m]

@ JohnM:  where are you seeing 7yr old cars for €2-2.5k? I sorta have the same idea as you but I can only see cars on the likes of donedeal for €6k+  Would a car dealer give up ~€3-4k profit just so he doesn't have to give a warranty in a trade sale?

a lot of main dealers like to get rid of cars especially brands they dont sell into the trade strictly cash only .

[Belker]

@ John M, you have 4 or 5 years left on your current licence,
would you not utilize that once-off exemption to get full use of the licence.
As Rats stated changing cars can be a lot of hassel and expense.
I intend to get almost full use out of my once-off 15 year licence.

[Shallowhal]

@ JohnM:  where are you seeing 7yr old cars for €2-2.5k? I sorta have the same idea as you but I can only see cars on the likes of donedeal for €6k+  Would a car dealer give up ~€3-4k profit just so he doesn't have to give a warranty in a trade sale?

a lot of main dealers like to get rid of cars especially brands they dont sell into the trade strictly cash only .

I doubt very much any main dealer would be selling jammers for 2-2.5k regardless of its brand....unless it's the high mileage yokes they sell to their preferred travellers who buy from them frequently.

[Belker]

I'd go for a 5 year motor. Getting the meter installed is a pain in the arse and costs money. Door stickers cost money. Initial suitability costs money. Meter sealing costs money. Time off the road costs money. Seat covers cost money. If you're OCD the first year's motor tax costs time as you'll want the disc as soon as your passed out so you'll have to travel up to Dublin to buy it in person, etc, etc...

Add in trawling the net to find the car you want, negotiating the deal, signing the deal, arranging motorloan, changing insurance, changing taxi portal thing, changing car on the various Apps (MyTaxi, Uber, Etc), transfer all your personal taxi bits and bobs and all the safety equipment to the nua cab.
Jaysus ! I couldn't be doing all that every Two years, I've a pain in me head already just thinking about it !

[john m]

@ John M, you have 4 or 5 years left on your current licence,
would you not utilize that once-off exemption to get full use of the licence.
As Rats stated changing cars can be a lot of hassel and expense.
I intend to get almost full use out of my once-off 15 year licence.

It goes in for the test before july if it passes or only needs a few ton spent on it then ill run it till it dies but I wouldnt invest much in a replacement .Plenty of High milage yokes out there .Pal of mine brought a 6 year old thing into a garage nearly 240k on it Garage said it had no trade in value but they offered 2k off the asking price of the new one he sold his old car to a bloke in the pub for 2k.You need to get to know reps or commercial travellers they especially self employed ones .They like a bit of cash in hand as they claim all the capital allowances for the new car .

[Belker]

After 30 odd years buying cars I still know Fookall about the trade. But my nua best friend/taxi colleague is an ex-second-hand car salesman and he is sharp as a razor, I have him enlisted to accompany me during my quest to buy my nua Joe in 2022.2

The chances of Him, Me and my 08 Avensis making it to 2022.2 are only about average,
but at least I have a plan.