K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
|
How easy is it to get a loan? Did any of you get loans at 19? I want to get out a £3,000 loan if possible. How much do you think i'd be paying back? And how much monthly? How big loans did you get at 19 and are they hard paying back?
Cheers  
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
try money supermarket
I wouldnt get a loan at my age, depends how long u want to pay it back over etc ....
|
L33 LEG
Banned
Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
User status: Offline
|
ye dead easy to get loans. banks and finance companies wer stupid enuf to give them to me 
tho i definetly wudnt recommend them 
|
K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
|
Im in need of a car soon and can't stop thinking about a smoke grey gsi I need to get one 
is it worth taking the loan out?
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
NO. Do not get a loannnn!
|
Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
|
Nothing like good old fashioned saving.
You'll only end up in trouble with a loan like most others on here from the sounds of it 
|
Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
|
if you are sensible loans are fine and most times necessary not all people can save up
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
Unless its an absolute necessity then dont
Say you get a 3k loan, its not a 3k loan its a 3800 - 4000 loan.
So you buy somthing for 3k (car) and for the next 3/4/5 years you pay for that loan, and buy that time the car will be worth less then half of the cost of the loan!
Bank of mum and dad is the best place as its 0% interest
|
Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
|
quote:
Originally posted by Ally
Bank of mum and dad is the best place as its 0% interest
This bank is responsible for my scooby
|
--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
|
I agree with Ally.
I am still paying back a loan that I got for my Corsa C. Which I've now sold 116 a month for the next 3 years.
|
K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
|
quote:
Originally posted by --Dave--
I agree with Ally.
I am still paying back a loan that I got for my Corsa C. Which I've now sold 116 a month for the next 3 years.
i only wanted to get like a 1k loan to get a gsi
|
Rileysport
Member
Registered: 18th Jun 04
Location: West Yorkshire
User status: Offline
|
I have a mortgage
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
quote:
Originally posted by SRi-Co
I have a mortgage
So do i, but its an investment (which i keep telling myself!)
|
--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
|
i got a 6k loan (repaying around 6,600 over 5 years).
Would never do it again. If i can't save for it then i can't afford it.
|
Rileysport
Member
Registered: 18th Jun 04
Location: West Yorkshire
User status: Offline
|
quote:
Originally posted by Ally
quote:
Originally posted by SRi-Co
I have a mortgage
So do i, but its an investment (which i keep telling myself!)
yeah its the only way i get by
|
ssj_kakarot
Member
Registered: 29th Apr 03
Location: hartlepool
User status: Offline
|
if you only want a small loan tbh theres not much point , why not just save really hard for a few month and have the money there.
|
Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
|
Why do so many people say not to get a loan? If the lad needs a car then get a loan to pay for it. The only thing to remember is, as pointed out, that you dont only repay the capital element of the loan you also pay the interest. Do a search but my advice would be to pick a kwell known company, someone like Northern Rock etc.
The problem I see with people saying not to get a loan is becasuse they cant manage there own finances. I had a £8,000 loan for my car over a four year period. I sold the car after 3 years and was £400 short between what I owed on the car and what I sold the car for. When I was thikning of selling the car I knew that the car wouldnt cover the whole loan so I saved up enough to cover any shortage. I was driving round in a nice car which I was paying for over 4 years. The repayments were well within my budget so there was no problem at all.
|
Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
|
its too easy to get a loan
|
