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Joined 2 years ago
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Cake day: July 6th, 2023

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  • It means a lot are driving cars they can’t really afford.

    Say you buy a car for £40k, finance it on PCP and you effectively make payments against a £20k loan. At the end of the agreement, you can buy the car for the remaining £20k, or hand the car back. Often the car will be worth £20k-£25k. Most dealerships will say ‘hey you can just take this new car’ and they get a £25k car for £20k. Dealerships make more sales of new cars and make more on the 2nd hand cars. Meanwhile those paying don’t actually own anything at the end and have continuous payments.

    The only saving grace is if the car is worth less than the outstanding amount. If the car is worth £16k and you have £20k outstanding, you can just hand the car back and walk away. You aren’t obliged to buy the car or take out a new loan.

    You can also pay off the finance yourself for the £20k, then sell that car on to get the £25k. But no one does because it’s not convenient like just taking a brand new shiny car.




  • They still have 9.5% commission(or this drops to 8.5% if you pay $1000 artisan fee!), compared to Etsy which works out to be around 11-12% on most of the items I sell.

    It also doesn’t link with my inventory management software. Etsy does, eBay does, Woocommerce does, Facebook does. It also doesn’t integrate with my shipping software, so I need to manually generate labels.

    The benefits seem very minimal for a lot of caveats. If you have 1 or 2 products then fine, but when you have 10’s or 100’s of products, the time to list these on a site that will have a lot less traffic is way too long. I have a 2% gain in my profit margin, but a tonne more hassle.