Lloyds Banking Share Discussion Threads

[poikka] 08/4/2020 10:58

looks as if LLOYD's exposure to UK Motor Finance is £15.6bn - sizable, but it's not all going to turn sour by any means.

[cheshire pete] 08/4/2020 10:57

"Are we saying if Boris can't 'lead' for a few months we haven't got a stand-out candidate to replace him and there are worries of a "power vacuum"."

Watching Beeb and SKY too much M2, trying to whip up hysteria in a time of crisis. Really helpful...not.

[cheshire pete] 08/4/2020 10:55

maxk: "I get the distinct feeling car dealers dont want cash buyers.

They prefer you to buy via a loan, from which they get a rake off."

Spot on maxk, but they soon back off when you put this to them lol. Then it is simple, just negotiate as hard as you can. Always go with my wife and we do a double act looking at each other, then long pauses. Usually works. Car salesmen often savvy with the psychology of it all and usually like shelling peas to them.
Another trick is to have a bit of paper with you and keep looking at it. Can be completely blank but sales rep not to know lol.

[aljm] 08/4/2020 10:15

lol Elbee, honestly , i think at best , they are the same, realistically i think they could not have found a worse front bench if they tried, apart from Diane Abbott was removed.

[aljm] 08/4/2020 10:14

Something i did not realise about hydroxychloroquine , is that it is useless without the Zinc medication, they are thinking now that hydroxychloroquine MIGHT be the Golden key they might be capable of curing a lot of things we otherwise would not be able to cure, they just got to find what to use it with, it is a really interesting drug with potentially massive potential.

[mr.elbee] 08/4/2020 10:12

so now even more people will vote for the NEW IMPROVED LABOUR PARTY

This was and is the plan

[optomistic] 08/4/2020 10:10

BOE have now removed the divis from the holders on insurance shares. So that's taken more income away from the small investor...now will they be reducing their own salaries as well to give away to those who have little income and lots of debts...but a big SUV in the drive? Oh and it is a shame that the holidays abroad have had to be cancelled!

[aljm] 08/4/2020 10:08

they dont like cash any more, not many Co's do, my mate is in the expensive watch market, they wont take more than 5£k Cash, all has to be bank transfers now, Cash has lost its importance.

[diku] 08/4/2020 10:06

Yes because they make more money out of loan/interest payments...and less haggling of the price as the buyer is gullible with smaller monthly payments..unlike a cash buyer might just over haggle the price down...a boom last few years...



maxk
8 Apr '20 - 09:41 - 299877 of 299880
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I get the distinct feeling car dealers dont want cash buyers.

They prefer you to buy via a loan, from which they get a rake off.

[poikka] 08/4/2020 09:58

Hmm, might be coming up for the time to change my 7 year-old Skoda. It's an ill wind...

[mr.elbee] 08/4/2020 09:58

so have the French and the Indians,mitchy

hydroxychloroquine.

Never ever get it here.

It offends the holy NHS

[ladeside] 08/4/2020 09:50

maxk, Yes, they're only pushing PCP, it's even quite difficult to get a deal on HP nowadays as they obviously aren't making as much commission off those loans.

[1carus] 08/4/2020 09:43

Ingeresting t0 see what comes out of America today. Trumpy was starting to blame everyone else but himself yesterday, employment numbers are going to be bad. US death toll is gonna be huge... luckily there are areas in the US that do have very low population densities for the area of land that they have, but from what I can see, other than a closure of restaurants, life goes on as normal for many areas... people think the lockdown measures are just optional over there.

[maxk] 08/4/2020 09:41

I get the distinct feeling car dealers dont want cash buyers.

They prefer you to buy via a loan, from which they get a rake off.

[ladeside] 08/4/2020 09:41

God sake man, my 28.5 could be in danger here !!!

[cheshire pete] 08/4/2020 09:34

Agree CTR: Pay cash every 2 years. Get a good deal plus it is a good way of ensuring taking some profit out of the market. You see a lot of flash cars around but sense a lot of them on finance.

[crossing_the_rubicon] 08/4/2020 09:29

@Diku,

Agreed. I have little sympathy for those that are over stretched on their car leases.
Especially the Audi and Range Rover crowd.

[aljm] 08/4/2020 09:16

probably leasing them or drug dealers IMO

[diku] 08/4/2020 09:14

When you see lots of newer BMWs, Mercs, Audis and SUVs on the road driven by the normal joe public one wonders what do they do for a living...it makes them look important...






Crossing_the_Rubicon
8 Apr '20 - 08:44 - 299862 of 299870
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Fears are growing of a crisis in the UK’s £75bn car loan market, where 6.5m vehicles have been financed through leasing deals with monthly payments that are already proving unaffordable for some laid-off as a result of the coronavirus. The Finance and Leasing Association (FLA), which represents the credit arms of the car manufacturers as well as the banks, said: “It’s early days in terms of quantifying the impact on arrears, but the number of forbearance requests has grown significantly in recent weeks.” – Guardian

"Oh dear next bubble set to burst"

[cheshire pete] 08/4/2020 08:57

buywell3, re: #846, and your point about the 10 month average duration of bear markets, whilst it is true that history can repeat itself I need a bit more convincing that this COVID-19 induced bear market is typical.
It has not resulted from the usual causes such as markets over valued, wars, 9/11, sub-prime, loss of confidence, oil price hikes, interest rate rises etc. Yes COVID-19 will become COVID-20 and 21, but vaccines will be developed and the news from Melbourne re: the existing FDA approved parasitic drug gives hope that solutions might happen sooner rather than later.
With Governments, Central Banks round the world prepared to stimulate economies I think that this bear market could be short lived and in time seen as a short term correction. Yes Goldman Sachs and Morgan Stanley are talking things down but frankly I don't trust them.