Lloyds Banking Share Discussion Threads

[mitchy] 10/8/2020 18:15

like I was saying...Fantastic share this. Could double or treble over the next few months...Ahem!

Good Luck.

[jacko07] 10/8/2020 18:10

MM2..if your son is happy with the deal, then it's fine. I wouldn't say it's a good deal, I am much the believer in letting someone else take that chunky depreciation.

There are so many brand new cars stored in every vacant space in Europe, fields full of them up and down the country, there are great discounts to be had by anyone with the will to shop around. I would spend a day phoning around to get quotes, I guarantee your son could do a lot better.

The motor trade have had it good over the last few years, new car prices are ridiculously high. And don't forget, dealers are bound by contract to pay for those new cars many of them do not want to stock, name your own discount, get that £38k down to £30k or under, get cheap bank loan and save £1000's over 3 years...then he can sell the car to you, and another good deal is done.

Don't forget MM, £100pw for some hulk of metal standing a great deal of time on the drive, three days after you buy a new and the novelty soon wears off, all you have to look forward to is shelling out money you have already paid a chunk of tax on.

Your son may be wealthy enough not to bother about such things, but it is a very profligate way of having a set of wheels in the garage or driveway.

Knowing Alphorn, he will advise him to buy one of the many cheap classics around at the moment and watch it appreciate.

[wendsworth] 10/8/2020 17:51

PPI refusing to go away together with COVID19 redundancy wave when furlough scheme ends in October means that the share price is 'holed below the water line' for this financial year!

I ain't shorting ...just telling myself some common sense so I don't lure myself back in to a share I've mistakenly 'loved' in the past .

[chavitravi2] 10/8/2020 17:24

2.3% rise. I'll settle for that every day for the next few weeks.
Strangely enough more sell than buy today although buying pick right up toward the end of the session.

[hamhamham1] 10/8/2020 11:58

I don't know the answer to your question.
Making up an answer seems pointless :)
I am just here as an investor, not a corporate board member, but happy to buy at these prices, as a part of a broad portfolio.

[maxk] 10/8/2020 11:56

Thats up to you mm2. With the lease game, it's up to them. Slight difference.

[minerve 2] 10/8/2020 11:55

MM2

Car manufacturers offer incentives to dealerships that can add up to millions per year per dealership. Cash deals generally don't tap into the matrix of incentives that the manufacturers offer. As Alphorn said the other day, these companies are just as much finance houses now as they are car manufacturers. Incentives will be given for numbers of PCPs and other financing packages sold. The 'perceived loss' will be taken by the manufacturer who will just take lower margin to get your son onboard and get the sale during these difficult times for them in the sector.

[mr.elbee] 10/8/2020 11:54

So,hammy,you only have generalities and good[!!] judgement to answer my specific question?
Bailey and Butler ...both of them..effectively want a semi nationalised banking system
their activities have shown them time and again to be ANTI UK banking.And we also have the Davies moron running RBS....poacher turned gamekeeper[or is it the other way round?]

What will change?

I repeat.

Who will MAKE them change?

What about the Morning Star.

You see I have learnt...after many years..that if the posters do not answer specific questions, or bluff them off in a sea of generalities...they dont know or [worse] dont want to know.

Again..thanks for your informed commentary

[mikemichael2] 10/8/2020 11:51

OK max, but surely if you had bought the car you would pay yourself to present it 'spotless' if you decided to sell it.

[maxk] 10/8/2020 11:45

mm2

One of the potential pitfalls with leasing is the handback checks.

The car has to be spotless or you will encounter remedial charges at their behest.

[maxk] 10/8/2020 11:42

Monster raving Minny party..

[mikemichael2] 10/8/2020 11:40

Probably a question for Jacko or Alp, not you Min !!

My son take delivery of a brand new 38k car tomorrow on a PCH contract. His total cost over 3 years is 15k, then hands it back.

Everywhere i read says its better to pay cash, however same car would lose about 15k or more in depreciation over same period.

I'm old school and have of course always bought 2 or 3 year old car cash,however i can't find a fault in what he's doing.

Where is the catch??

[utrickytrees] 10/8/2020 11:39

Who did u vote for M2 (this'll be a laugh).

[geckotheglorious] 10/8/2020 11:21

Bibdaddy.
My cousins all work in teaching. They all are leftie, they all voted Remain.

I suspect your situ is more an outlier than the norm. Even more so in the State School sector.

p.s Minerve spends 24.7 on this board(and at the weekend as well) because she is a sad lonely loser. Not surprising given how Far Left, obnoxious and rude she is!!!!!

[hamhamham1] 10/8/2020 11:16

Contrary to popular belief, the world will still be turning next year.

[bibdaddy] 10/8/2020 11:16

I browse the site because I have investments here and I want to! What's your excuse?