Seems to me all car adverts are written by people who think the end-user is an idiot who believes he/she can acquire the perfect lifestyle by buying this or that vehicle...they think we're stupid! However, they keep doing it, so it must work sometimes. Oddly enough, most people spend more time agonising over which car to buy than choosing a house, which tells you something!
Apart from car adverts, who also hates those ads for a bit of emergency cash when the car/washing machine/boiler breaks down?
I saw one yesterday for quickquid or somesuch, the APR is 1,925%...
and that's not the highest I have seen. It was called usury, many years ago, and was illegal, but decriminalised so the fat cats could get fatter.
Odd, isn't it, how my daughter had to struggle to get a mortgage (at about4%apr) when the same bank were happy to lend her ÂŁ20k (at 9.9%) to buy a car?
My mechanic was also told, by his bank, that he couldn't have the mortgage he wanted as his income figures didn't quite stack up...so he was about ÂŁ15k short...the solution? They offered him a personal (unsecured) loan for the shortfall. How come, if he couldn't afford the extra ÂŁ15k at the mortgage rate could they justify him affording it at personal loan rates? They said it was unsecured, but of course that was a lie, as it was secured by the all-encompassing mortgage document for the house which coveres all borrowings on any account with the bank.
Sorry, rant over!
Oh, and a Happy New Year to all!