Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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quote:
Originally posted by willay
quote:
Originally posted by Jambo
Nothing wrong with Renault, but if we are talking proper cars here then BMW is what you need!
Noooothing James?
FB suggests otherwise Jamborine  
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Budgie
Member
Registered: 2nd Dec 09
Location: Basingstoke
User status: Offline
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i got a loan to get the silvia.
and tbh i would never get a loan again or advise people to get one. but thats just me.
just save up buy a cheap car. save up again. sell car. buy more expensive/better car. save up and do this untill you have yourself what you're after.
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Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
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quote:
Originally posted by Budgie
just save up buy a cheap car. save up again. sell car. buy more expensive/better car. save up and do this untill you have yourself what you're after.
This is it... but why should I spend alot of money on a car I dont want, continue to save, while this money could be put towards a decent car which I do want and be costing around the same per month if not less?
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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Buy some baby clothes mate.
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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I said Renault, not MY Renault
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Fucking right mate, get it done!!! 
I've got some Finance, cant remamber exactly how much think its about 6-7k. Its not a problem though, £200 a month & I dont notice it come out my account.
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ashleh
Member
Registered: 23rd Dec 08
Location: Nottingham
User status: Offline
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Go to uni .
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Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
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quote:
Originally posted by Colin
Fucking right mate, get it done!!!
I've got some Finance, cant remamber exactly how much think its about 6-7k. Its not a problem though, £200 a month & I dont notice it come out my account.
Thats the spirit
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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Wouldn't have a problem getting another loan for a car.
Got one to get my last car and just pay it each month as I would with finance.
There is only a few options when it comes to buying cars really, save up for years and buy the car you want outright which few can afford or just have cheap cars all your life.
Or just get a loan - works for me 
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John_C
Member
Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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make the terms as small as possible so your not paying it over a long period. Instead of 5 yrs make it 2 or 3
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Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
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quote:
Originally posted by John_C
make the terms as small as possible so your not paying it over a long period. Instead of 5 yrs make it 2 or 3
jesus, mary and joseph, that'll be closer to £500 pm, which is not what im looking for.
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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I'd do it again, but this time I'd save alot more to put towards it so the payments are smaller. My car is paid for next month, finally!
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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5 years! fuck that 18/24mths tops
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I usually take mine over 4yrs then sell the car after a year-18months & settle the loan. Just make sure you put up enough cash so your never going to be in the red with it!!
5yrs term seems long but its a good way to get what you want when you want it, without having to save until your old & boring & dont want it any more!!
1 life........
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I have a loan for furniture. How boring is that 
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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I would definetly get a loan it just makes things easier. Although that long a period wouldn't be a consideration for me mainly because I wouldn't know what I'm doing in 5 years, I might want a house in 3 years time and that £240 a month could be put towards the mortgage etc. I have got 6k over 18months which I put towards my car simply to make things easier, would have been tight for money for a couple of months if I'd have paid it outright. Nothing wrong with debt.
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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tbh if i had a kid on the way i wouldnt be spending 21k on a car
can you not get a car for 9k?
mondeo st tdci
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Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
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quote:
Originally posted by Colin
I usually take mine over 4yrs then sell the car after a year-18months & settle the loan. Just make sure you put up enough cash so your never going to be in the red with it!!
5yrs term seems long but its a good way to get what you want when you want it, without having to save until your old & boring & dont want it any more!!
1 life........
Thats a very good point, a 21k car, with a £12k loan, I should never be in negative equity, if the worst comes to the worst, I sell, loose a bit of my deposity I put down, but still have enough money to pay off loan, and buy cheaper car.
Im a bit more happier knowing that now.
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Budgie
Member
Registered: 2nd Dec 09
Location: Basingstoke
User status: Offline
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quote:
Originally posted by Bart
quote:
Originally posted by Budgie
just save up buy a cheap car. save up again. sell car. buy more expensive/better car. save up and do this untill you have yourself what you're after.
This is it... but why should I spend alot of money on a car I dont want, continue to save, while this money could be put towards a decent car which I do want and be costing around the same per month if not less?
well i got a cheap ass 306 to get me round while i save and its probably the worst car ive ever driven.
i actually die a little everytime i drive it. its soul crushingly dissapointing.
so now savin up on top of already saving to get myself something nicer/newer to roll in, whilst still saving up.
also if you get a loan and stack your car. youre then paying a loan off with nothin to show for it. not that i would know of such a thing  
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Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
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quote:
Originally posted by Budgiealso if you get a loan and stack your car. youre then paying a loan off with nothin to show for it. not that i would know of such a thing
Its swings and round abouts.
If I waited 2 years and bought the 20k car and then stacked it, im still stuck without a car
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ed
Member
Registered: 10th Sep 03
User status: Offline
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That's what insurance is for.
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John_C
Member
Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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quote:
Originally posted by Bart
quote:
Originally posted by John_C
make the terms as small as possible so your not paying it over a long period. Instead of 5 yrs make it 2 or 3
jesus, mary and joseph, that'll be closer to £500 pm, which is not what im looking for.
If you can't afford that then get a cheaper car. Your paying way more interest over the longer term if you go 5 years. What about buying house etc down the line? Even if you pay up loan early there will be early repayment fees, normally 1 or 2 month interest. IMO your not winning in life by buying a depreciating asset with a loan on 8,9,10% interest. Not meant to be harsh just the facts
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Mase
Premium Member
Registered: 16th Sep 01
Location: Derbyshire
User status: Offline
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If you can afford it, go for it. I've got mine over 4 years and plan to keep for 2 ideally, getting shot then doing the whole thing again!
Mase
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Tiesto
Member
Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline
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I got a 14k loan over 5 years to get a Z4, biggest mistake ever. Still paying for it and don't even have it anymore.
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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But that's your choice, you obviously used the money for something else or you could have ended the loan?
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