So the Government is going to give millions of Pounds to help the car industry out.......Is this going to make any difference or is it throwing good money after bad ?..... Personally myself I do not know what difference it is going to make because no one is buying cars.
What do you all think ?
Want I want to no is were all this money is all coming from. And what its going to cost in the long run. Are we robbing peter to pay paul. No I don't think it'll do any good.
In this climate - I don't really think so, wouldn't entertaine changing my car at the -
moment - not at the megga thousand price mark that peeps have gone into debt for.
There is another view that this will keep many peole employed -- keeps the unemployment
figures down and stops us sinking into the mud of neg equity, ? who knows ?
floss x
aero engine division of Rolls-Royce is showing a healthy balance - not for producing new engines for new aircraft, natch, but for spare parts for maintenance of existing craft....wish car divisions would do the bloomin same..I'm getting to hear of more & more Rover peeps from Land Rover down, dumping their cars because they can't get the spare parts to keep them viable and buying Nip replacements... ??? :-[ :(
I'm most certainly not going to use up my savings to buy a new car. whether needed or not!!
In the past 12 months the interest on my 'petty cash' savings account had dropped from c. £10.00 per month to 55p.
30+ years of loyalty has bought me nothing.
Shall be moving the cash, but will not be buying a new car.
valmarg
Quote from: valmarg on January 27, 2009, 21:42:45
I'm most certainly not going to use up my savings to buy a new car. whether needed or not!!
In the past 12 months the interest on my 'petty cash' savings account had dropped from c. £10.00 per month to 55p.
30+ years of loyalty has bought me nothing.
Shall be moving the cash, but will not be buying a new car.
valmarg
My mortgage has gone down so maybe one day I will be able to afford to save.
I've decided that this year the van will have to be washed.
I washed my car last year. Perhaps I'll give it a miss this year and save the water.
QuotePersonally myself I do not know what difference it is going to make because no one is buying cars.
We pick ours up on Thursday :-X ;D
We've just bought one but don't tell Ace. ;D ;D ;D
Quote from: redclanger on January 27, 2009, 22:28:02
My mortgage has gone down so maybe one day I will be able to afford to save.
[/quote]
So too has the value of your property.
RC if you havn't managed to save anything by the time you are 65, worry
valmarg
Quote from: valmarg on January 28, 2009, 17:27:07
Quote from: redclanger on January 27, 2009, 22:28:02
My mortgage has gone down so maybe one day I will be able to afford to save.
So too has the value of your property.
RC if you havn't managed to save anything by the time you are 65, worry
valmarg
[/quote]
So has the value of every other property - by a greater margin than mine due to being a public servant, I have been stuck in a 'downmarket' house not able to afford to move. Downmarket housing is dropping in price less than the stuff I could not afford so I may be able to afford a better house soon too. See not all bad news. Sorry for those who do have it really shite though. :(
I suppose RC the difference is that we have lived in our three bedroomed detached bungalow for about 40 years, the mortgage is paid up, and I doubt that the price will go below the £12,000 we paid for it, and the bonus is we can take out equity release. I'm really not being smart assed, but back in the late 70's we were in the position of being extremely worried about being reposessed.
Its swings and roundabouts/boom and bust. The biggest investment you can make is bricks and mortar.
I feel really sorry for the young people today. Those who cannot get on the property ladder because prices/income are so far apart.
For those on this site who have bought a new car recently, having seen on the news the fields of surplus cars, how new do you think your new car is going to be? It could have been sitting out in a field for a couple of years.
RC, try to start saving, even if it is only £10.00 per week. Every little helps. ;D
valmarg
Ours would have to go down a long way to reach the £99 my father paid for the Bungalow and 1/4 acre in 1939.
As Shell has just announced 12billion profit, they should be the ones supporting the car industry, after all it is car ownership that gives them most of their profits.
12 billion should not be made by anybody anyway.
Spot on Ace, its about time these oil companys started shell ing out. ;D ;D ;D
Quote from: ACE on January 29, 2009, 14:14:38
As Shell has just announced 12billion profit, they should be the ones supporting the car industry, after all it is car ownership that gives them most of their profits.
12 billion should not be made by anybody anyway.
I agree obscene amount. >:(
I don't particularly want to be seen as a Shell sympathiser, but ...
Shell, BP, Exxon etc make most of their profits from extracting the stuff from the ground. The profit on the forecourt is 10%-15% - far less than the supermarkets mark up their food. They have fixed costs extracting stuff from the ground and then sell it on at a price detrmined by global market forces.
Yes the headline numbers look huge, but then they are huge companies. Tesco is a much smaller company and still made over £2.5 billion profit in 2007. If large numbers offend you, dont shop at supermarkets.
I don't think the government will ever apply a windfall tax on oil & gas companies. Very simply they are all multinationals; they could have their HQ anywhere. They chose to be in the UK and pay UK corporation tax, which goes to the UK government - not to another country.
Apply a windfall tax and say good buy to several of the UKs biggest companies, their jobs, and the taxes, corporation and income tax/NI on all the employees.
How many millions do the government already make out of the petrol tax they charge ?
Is it going to do any good ?
Whats the alternative?
Back in the 1930s nothing was done and the slump lasted 10 years.
As said before, it will keep thousands off the dole queue, thousands of people who will not lose their homes, thousands of people who have money to spend.
Also, from the cars industry perspective, it allows them to keep the skilled staff. It allows them to invest into new technologies for future cars, It allows them to invest in research into greener alternatives.
As and when the market changes, we will be ina prime position to be world leader - More cars, better cars, more jobs, more taxes.
Like any company, don't invest for the future and you will die - thats your alternative.
PS.
Properties loosing value ?
Relative to what ?
Have people already forgotten how house prices have risen in the past 5-10 years, and how we were all complaining about how hard it was to get on the property ladder ??
Oh, what short memories people have!