Quote:
Originally Posted by JustChris
That's mental that this is possible!
He's done well then.
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I think the £12/9k is pseudo money. He has no car now and I think that's what is skewing things.
The cost of the x6 has been x per month (deposit plus monthly payments). Consider it rented. It's irrelevant what that car was worth to sell as he doesnt have any cash from it and no equity (vehicle).
He now doesn't have a new car - and also no cash.
So while it may appear he has made £9k, he hasn't because he currently has nada. All he's done is rent an X6 for a short while.