Car sales plunge, Bank of England cuts rates

It's funny to see how the Focus has slid quite quickly down the top ten list, after being up in first for about 7 years. And it doesn't even appear on the Private Buyers table! Looks like the New Fiesta could be the next big thing.

I doubt my indebtedness is especially high by modern standards - I've always advocated paying off debt rather than saving or investing, and that strategy has paid dividends so far for us. If companies keep on offering us free money hoping that they'll trick us into paying for expensive money down the line, we'd be mad not to disabuse them. I've never missed a payment, and I have 12 credit cards with 0 balance on them. Buying our last car on discounted credit cards was FAR cheaper than taking a car loan or dealer arranged finance, and credit cards allow you - of course - to carry and use large amounts of money with pretty good security compared to other methods. When my mother died ALL of her outstanding debts paid themselves off automatically, so does it make sense to leave a taxable inheritance or a self-cancelling debt behind you when you go?

7SLR We bought our current car using credit cards - paid half with one of mine and half with one of my wife's. Just under 20 grand, and this was after the trade-in, negotiated price reductions and extra equipment had been added ...and the market was a lot healthier then. Then again, my wife is a superb negotiator.