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Farm Machinery
Machinery
The effects of the virus on machinery dealers.
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<blockquote data-quote="Johnnyboxer" data-source="post: 6860804" data-attributes="member: 5732"><p>A wise tale</p><p></p><p>So if you have made £10,000 worth of repayments/deposits on a shiny new car, you find yourself on universal credit and no means to repay any monthly payments.</p><p>They take it away, bill you for any shortfall in equity value (<strong>well before the GMFV falls due</strong>)</p><p>So, you have spent £10,000 are are left with nothing to show for it</p><p></p><p>If you had spent £10,000 on a good used car, you could SORN it and cancel the insurance (on your driveway) and still have a car, to use or sell later</p><p></p><p>How can PCP or Contract Hire be better???</p><p></p><p>When the music stops, depends where you are sitting...........on a chair or in mid air</p><p></p><p>I cannot forsee the World recovering financially from Covid, can you ?.......................for a good long time</p></blockquote><p></p>
[QUOTE="Johnnyboxer, post: 6860804, member: 5732"] A wise tale So if you have made £10,000 worth of repayments/deposits on a shiny new car, you find yourself on universal credit and no means to repay any monthly payments. They take it away, bill you for any shortfall in equity value ([B]well before the GMFV falls due[/B]) So, you have spent £10,000 are are left with nothing to show for it If you had spent £10,000 on a good used car, you could SORN it and cancel the insurance (on your driveway) and still have a car, to use or sell later How can PCP or Contract Hire be better??? When the music stops, depends where you are sitting...........on a chair or in mid air I cannot forsee the World recovering financially from Covid, can you ?.......................for a good long time [/QUOTE]
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Farm Machinery
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The effects of the virus on machinery dealers.
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