Looking to buy a car

[KRBFC]

Looking to buy using the ALK method.

So the car you have for sale at £20,000, I'll take. I'll use £9,000 from your bank account and take out a loan of £11,000. Here's the twist, you must pay the £11,000 loan for me and if you don't, it's secured against your house.

Any sellers?

[fidelcastro]

For you, I'd suggest the Nissan Paquero.

[Milltown1882]

Why don’t you just ask the Premier League clubs you scout for to give you a car? Because as an outstanding scout surely you’re employed at a high level where you have that luxury.

[claretonthecoast1882]

Good ambition wanting to buy a car aged 14

[clarethomer]

Eh?

That's got to be the worst analogy ever.

[KRBFC]

Eh?

That's got to be the worst analogy ever.

Why?

[the_great_orange_one]

The analogy is a bit off because the company ‘Burnley’ is not the same as the individual ‘Garlic’

[the_great_orange_one]

More like I will buy your car for the engine plus money I secure on the rest of the car by taking a loan.

[clarethomer]

Why?

I will start with the bank account element of the transaction.

If you want to buy a business, the money that exists in the business bank account belongs to the business and is usually considered as part of the valuation of that asset.

If you wanted to buy my car, my car doesn't have a bank account. I have a personal bank account and that is nothing to do with the car.

Therefore comparing in the way you have isn't even close.

Now if you said that you have been to look at a car and there was £11k of cash sat in the boot and you were to say I will offer you £20k for that car on a sold as seen basis today with all contents included. This may be closer to the ALK way. Clearly my car probably would only be worth £9k for me to accept this deal but that's probably a detail too much.

Very simply - its a poor analogy that doesn't represent the ALK transaction at all.

[Longsidelenny1882]

Is your Car taxed and insured for that sort off money utc

[HahaYeah]

Get some Accessories..

https://glamorous-gifts.co.uk/products/ ... ag_organic

[Vegas Claret]

Looking to buy using the ALK method.

So the car you have for sale at £20,000, I'll take. I'll use £9,000 from your bank account and take out a loan of £11,000. Here's the twist, you must pay the £11,000 loan for me and if you don't, it's secured against your house.

Any sellers?

laughable.

[KRBFC]

I will start with the bank account element of the transaction.

If you want to buy a business, the money that exists in the business bank account belongs to the business and is usually considered as part of the valuation of that asset.

If you wanted to buy my car, my car doesn't have a bank account. I have a personal bank account and that is nothing to do with the car.

Therefore comparing in the way you have isn't even close.

Now if you said that you have been to look at a car and there was £11k of cash sat in the boot and you were to say I will offer you £20k for that car on a sold as seen basis today with all contents included. This may be closer to the ALK way. Clearly my car probably would only be worth £9k for me to accept this deal but that's probably a detail too much.

Very simply - its a poor analogy that doesn't represent the ALK transaction at all.

The concept remains however poor the analogy.

[GodIsADeeJay81]

I'm sure we've already for multiple threads about the owners for you to cry on, why did it need a new one with a daft analogy?

[dougcollins]

Knowing my luck, I'll buy an electric car the day before the Hydrogen powered car that runs off water is announced.

[boatshed bill]

Have you looked at the insurance costs?

[Bosscat]

The concept remains however poor the analogy.

So you accept your anaolgy is poor then

[clarethomer]

The concept remains however poor the analogy.

Stretching still ha ha

[bfcjg]

images.jpeg.jpg (13.53 KiB) Viewed 1301 times

Please be careful KRBFC, there are some sharks out there who'd have your pants down.
I prefer Motorpoint.

[Tall Paul]

Thick

[Big Vinny K]

Pinch of salt from a poster who has the financial acumen of a cocker spaniel (and can I apologise to all owners of spaniels who might want to challenge this)

[Billy Balfour]

Anyway, how's the car?

[Steve1956]

Pinch of salt from a poster who has the financial acumen of a cocker spaniel (and can I apologise to all owners of spaniels who might want to challenge this)

New poster on his first day jumps on KRBFC's back as soon as he joins,which PBM tiresome cretin are you?

[Caballo]

Can't believe that's the best you can come up with. You've had since December 2020 and that's it! Good job you've get your football expertise to fall back on.

[Funkydrummer]

Additionally, where are the saleable assets in your analogy ?

[Jamesy]

New poster on his first day jumps on KRBFC's back as soon as he joins,which PBM tiresome cretin are you?

Sadly it’s trendy and assumed to be the right thing to do to jump on KRBFC’s back on this board. I’m just glad he is thick skinned and rises above it.

[fidelcastro]

Sadly it’s trendy and assumed to be the right thing to do to jump on KRBFC’s back on this board. I’m just glad he is thick skinned and rises above it.

Looking at his starting XI on another thread, I would say it's something that sounds very similar to thick skinned.

[lakedistrictclaret]

Pinch of salt from a poster who has the financial acumen of a cocker spaniel (and can I apologise to all owners of spaniels who might want to challenge this)

Oi!
I've told my cocker spaniel Lucy about your post and she's gone to bed in a sulk.
However, on her behalf, I accept your apology.

[Fretters]

Now if you said that you have been to look at a car and there was £11k of cash sat in the boot and you were to say I will offer you £20k for that car on a sold as seen basis today with all contents included. This may be closer to the ALK way. Clearly my car probably would only be worth £9k for me to accept this deal but that's probably a detail too much.

It's more offering £20k to somebody for a car that has £11k sitting in the boot, then immediately giving them the £11k and taking out a loan for the remaining £9k. Then, you sell off bits of the car to cover the loan repayments, but you still want to be able to use the car, so you replace the bits you've sold with cheaper parts.

I think!

[Jamesy]

It's more offering £20k to somebody for a car that has £11k sitting in the boot, then immediately giving them the £11k and taking out a loan for the remaining £9k. Then, you sell off bits of the car to cover the loan repayments, but you still want to be able to use the car, so you replace the bits you've sold with cheaper parts.

I think!

Now that’s a better analogy!