1990 g reg rare volvo classic estate 760 gle v6 in fantastic

[barkster1971]

With the price of petrol now nearly £1.50, anything with abysmal mpg is gonna be a hard sell.

[Laird Scooby]

Originally Posted by barkster1971

With the price of petrol now nearly £1.50, anything with abysmal mpg is gonna be a hard sell.

What do you mean, "nearly"??? I've just paid £1.579/L for BP Ultimate!

[Forrest]

You may find the price of fuel starts to come down again soon. There seems to be a bit of a challenge mounting in the West against OPEC’s price fixing and the price of crude crashed ten percent today upon fears of new Covid restrictions.

[Laird Scooby]

Originally Posted by Forrest

You may find the price of fuel starts to come down again soon. There seems to be a bit of a challenge mounting in the West against OPEC’s price fixing and the price of crude crashed ten percent today upon fears of new Covid restrictions.

It can't come soon enough! I have heard the govt has challeneged the petrol retailers to reduce the price at the pumps seeing as crude has come down a fair bit. Also i heard Biden has released something like 5bn barrels of crude from the USA reserve to help ease the "shortage" of fuel. Should help the price drop further too.

[AllHailKingVolvo]

Fuel has edged down a touch in price locally to me, I’ve paid 140.9 for unleaded and £144.9 for diesel at a couple of garages. Obviously this is still disgustingly expensive, but not quite as obscene as it has been.

The cost of living in general has risen significantly in the last few months. Sunak claims it’s just the reality of the “post Covid economy” and we all need to suck it up, but in truth we aren’t post-Covid at all, just learning to adapt to it.

My line of work (I’m a musician) is still reeling from the Covid related changes. Studio work has changed entirely, gigs have been decimated by venues closing down, agents struggling, audiences not being confident to come out and mix with one another etc, even the basic “grin and bank it” live circuit is in bits with pubs and restaurants struggling/closing and weddings/functions being postponed endlessly.

On top of this, whilst the cost of living has risen immeasurably over the last 20yrs, gig fees are still the same as they were at the turn of the millennium.

In general (not just personally speaking) if everyone was making more money, we wouldn’t be averse to spending more money, but the reality is that unless the disparity between stagnated income figures and the spiralling cost of living is addressed, I worry that we’re going to end up with a deepening crisis of people being unable to afford to drive to work, where they’ll earn an insufficient amount of money to pay for the home they can’t afford to drive back to!

[john.wigley]

While I have great sympathy for 'AHKV' and others like him, the situation that he so eloquently describes is by no means recent or unprecedented. We experienced rampant inflation in the late '70s and early '80s, when we saw mortgage rates double to over 15%.

It may be unpopular, but spare a thought also for those who, by dint of hard work, paid off those mortgages, and have perhaps since accrued some modest savings which they hoped would help sustain them in retirement.

For example, we have one ISA worth just over £3K which pays three pence per month. Our bank then send us an annual statement, detailing the transactions, for which the postage alone exceeds the value of the interest added. If I saved it all up for four years, it would just about cover the cost of my Saturday newspaper for one week!

We do, as you say, live in a mad, mad world, 'AHKV'.

Regards, John.

[Laird Scooby]

Originally Posted by john.wigley

While I have great sympathy for 'AHKV' and others like him, the situation that he so eloquently describes is by no means recent or unprecedented. We experienced rampant inflation in the late '70s and early '80s, when we saw mortgage rates double to over 15%.

It may be unpopular, but spare a thought also for those who, by dint of hard work, paid off those mortgages, and have perhaps since accrued some modest savings which they hoped would help sustain them in retirement.

For example, we have one ISA worth just over £3K which pays three pence per month. Our bank then send us an annual statement, detailing the transactions, for which the postage alone exceeds the value of the interest added. If I saved it all up for four years, it would just about cover the cost of my Saturday newspaper for one week!

We do, as you say, live in a mad, mad world, 'AHKV'.

Regards, John.

I was explaining similar to a friend of mine the other day John. We were talking about hypothetical lottery wins and she said she'd be happy with £1m, she could buy her bungalow (long story involving a bereavement etc, won't bore everyone with the details), have a holiday then live off the interest.

After taking out the full cost of the bungalow and a few other bits and pieces she said she'd want before living on the interest, i summised she'd have ~£600k left.
She said she could happily live on the interest from that.

The interest is ~£6k/pa based on a 1% interest rate as it's currently about that. That's ~£120/week but take out the 40% tax for unearned income and it drops to £72 so i asked how much it costs to fill the tank on her car.

She soon changed her mind!

[griston64]

Originally Posted by Laird Scooby

I was explaining similar to a friend of mine the other day John. We were talking about hypothetical lottery wins and she said she'd be happy with £1m, she could buy her bungalow (long story involving a bereavement etc, won't bore everyone with the details), have a holiday then live off the interest.

After taking out the full cost of the bungalow and a few other bits and pieces she said she'd want before living on the interest, i summised she'd have ~£600k left.
She said she could happily live on the interest from that.

The interest is ~£6k/pa based on a 1% interest rate as it's currently about that. That's ~£120/week but take out the 40% tax for unearned income and it drops to £72 so i asked how much it costs to fill the tank on her car.

She soon changed her mind!

You would get a better rate than 1% on 600k Dave. Still not back in the good old days of 15% Now that would be nice !

[Laird Scooby]

Originally Posted by griston64

You would get a better rate than 1% on 600k Dave. Still not back in the good old days of 15% Now that would be nice !

You may well do Andrew but it's vastly different to 15% which would be £90k pa, even taking out the 40% unearned tax it still leaves you with £54k pa or a grand a week to live on.
Also if you intended to live on the interest, you'd need an account that not only paid interest monthly but that you could draw on monthly to pay your bills, live etc. For that, financial institutions penalise you with the interest rates so wouldn't be appreciably better than 1%.

[Familyman 90]

Higher sums in the right place can attract more favourable rates. In the proper place a million may give £2500-£3000 in interest a month, compound of course.

However, a smaller sum, say £100,000 to keep the math simple, will not attract £250-£300 a month.

The more you got, the better you can do with it. My pension and investments are RPI linked, so mine maintain their value in real terms.

Does anyone remember when a V6 was seen as something special in the UK, something to aspire to? Now they're an expensive embuggerance that no one wants.