sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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as above!
just wouldnt mind getting your views on gettin a loan at the mo!
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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any help much appreciated!
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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I took out a £5k loan to put towards my car when I bought it, the pro is the obvious "not having to wait until you've saved enough money up". The con is the "having to pay it back, and having to make sure you're earning enough for however many years you decide to pay it back over".
I decided to make mine over 3 years, with a 4-month payment holiday, am paying back £156 a month but it should all be cleared by January/February 2005.
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Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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Bingo bank manager.
How to sort yourself out = loan.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I took out out 10k over 4 years, paid it for a year, then had the money to settle, think I was paying around 13k back over the 4 years - fuck that I'll just buy what I can afford upfront now days.
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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what u sayin daimo?
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Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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Get a loan 
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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did u get a loan then diamo?
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Bad news loans mate, very mucho bad news, if u get 1 loan make sure it stays that way...
It can easily spiral out of control 
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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cheers guys!
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Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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A loans only a loan for gods sake its not a big deal, 5k on revolving credit I would have an issue with.
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wayne hiscock
Member
Registered: 20th Jan 01
Location: wiltshire, trowbridge
User status: Offline
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i got a loan out when i was 18
5k
then i got bored of my car so got another loan 13k
then i got skint so got credit cards
now i struggle to live really
and to boot i probly wont be drivein in a while
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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ok ok!tahnk you for ur opions every1! gsi corsa it is then!
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AndyCorsa
Member
Registered: 24th Oct 03
Location: Macclesfield, Cheshire
User status: Offline
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quote:
Originally posted by wayne hiscock
i got a loan out when i was 18
5k
then i got bored of my car so got another loan 13k
then i got skint so got credit cards
now i struggle to live really
and to boot i probly wont be drivein in a while
Declare bankruptcy. Failing that fake your own death then they'll get paid off 
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Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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quote:
Originally posted by Tom
Bad news loans mate, very mucho bad news, if u get 1 loan make sure it stays that way...
It can easily spiral out of control
Agreed, i got a bit excited with mine, now only got 1 payment going out 
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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but as long as im sensible i should be ok! sweet! cheers the lot of ya now need to find a mint gsi 1.6 cheap so the rest can go on insurance!
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Greasemonkey
Member
Registered: 17th Apr 02
Location: Drives a Tractor
User status: Offline
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i just borrowed 15K, aint too fussed really i can afford it, its only a loan
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sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
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na man on ma wages i cant afford that just gonna go for 5k im usually good wit large somes of cash!
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by Daimo B
quote:
Originally posted by Tom
Bad news loans mate, very mucho bad news, if u get 1 loan make sure it stays that way...
It can easily spiral out of control
Agreed, i got a bit excited with mine, now only got 1 payment going out
I got excited too  was upto £16k at 1 point on nout, got about £9k owing now i think....
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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getting in2 debt aint worth it for a car IMHO
only worth it on things like houses where u will make your money back
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I owe nothing and thats the best way
Also have quite a healthy bank account just now which I feel I may spunk some of into a new motor soon
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by Colin J
I owe nothing and thats the best way
Also have quite a healthy bank account just now which I feel I may spunk some of into a new motor soon
Oh I totally I agree, I was silly So were u but got a reprieve by the sounds of it...
Did u inherit some money or get compensation or something?
I would be minted if I had no debt....
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Tom
quote:
Originally posted by Colin J
I owe nothing and thats the best way
Also have quite a healthy bank account just now which I feel I may spunk some of into a new motor soon
Oh I totally I agree, I was silly So were u but got a reprieve by the sounds of it...
Did u inherit some money or get compensation or something?
I would be minted if I had no debt....
I did, wouldnt touch car finance now tho, even if I didnt have other options!
Yes I did inherit some money but invested it and it almost doubled in 4 years, most of its still tied up just now
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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I took out 6K last august and pay off over 2 years, and will be payed off by Aug next year
p.s was 19 at the time.
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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My loans pay off soon (which will give me an extra £200 a month to spend), am in the process of paying off my credit card bill (playing 0% interest "tennis" between my two cards).
After that's done, I have the fun of looking to buy a house!
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