Andy GSi
Member
Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
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tesco arent the cheapest mate cahoot try them
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Teddy
Member
Registered: 19th Jul 04
Location: Northampton Drives: VW Bora 1.9TDi pd130
User status: Offline
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DONT GET ONE.
Take my advise - dont matter what situation your in your better off paying for everything with cash.
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PIE CJ
Member
Registered: 20th Nov 05
User status: Offline
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4 yrs ago i borrowed 20k of lloyds bank - unprotected over 5 yrs £419 a month.
july 04 i borrowed 17.5k unprotected over 7 yrs £256 month.
once u get the taste of borrowing u can get very easily carried away  .
looking at it now, i wished i hadnt, had loads of fun and had almost evey 17-25 yrs old could of wanted 
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MR2Mike
Member
Registered: 20th Jan 05
Location: Old Trafford. Drives: MR2 N/A
User status: Offline
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lol, sometimes your only choice is a loan, if you need a new car asap, for work for example
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PIE CJ
Member
Registered: 20th Nov 05
User status: Offline
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back in 2000 i decided i wanted a brandd new saxo vtr
prob £10495 stood in the way
10 mins on phone to lloyds and hey pressto i was ordering one
its fun and quick, but shame ya got pay it back for a lot longer than u want the car
lol
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Andy GSi
Member
Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
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^^^ i am planning to own this car for around 4 years or more anyway. and as mike said people want it for work etc. plus only 150 a month isnt going to dent the bank is it. i know its over 4years, but if ur keeping car for that long doesnt matter, IMO
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GT4Brody
Member
Registered: 26th Sep 01
Location: south
User status: Offline
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quote:
Originally posted by PIE CJ
4 yrs ago i borrowed 20k of lloyds bank - unprotected over 5 yrs £419 a month.
july 04 i borrowed 17.5k unprotected over 7 yrs £256 month.
once u get the taste of borrowing u can get very easily carried away .
looking at it now, i wished i hadnt, had loads of fun and had almost evey 17-25 yrs old could of wanted
Holy shit, so you have borrowed 37.5 grand and your under 25? have you actually got anything to show for it??
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MR2Mike
Member
Registered: 20th Jan 05
Location: Old Trafford. Drives: MR2 N/A
User status: Offline
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you can always sell it to pay off rest of loan anyway, by which time you may be on more money, so getting another car after that wont be as hard
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Andy GSi
Member
Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
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spot on mate
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PIE CJ
Member
Registered: 20th Nov 05
User status: Offline
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thats how i did it, but the more i earn the more i borrow
lol
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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but in 4 years when you come to sell the car and its worth fuck all ANd you have to buy another one - what will you do?
if you buy it cash, then it gives you time to save up for the next one (and it costs a HELL of a lot less in the long run)
plus i doubt you will manage to keep a car 4 years - give it 18 months and ull be bored to hell of it
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Andy GSi
Member
Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
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quote:
Originally posted by M2RTY
plus i doubt you will manage to keep a car 4 years - give it 18 months and ull be bored to hell of it
some how i dont think i will get bored
i have owned my corsa for 3 1/2 years.
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MR2Mike
Member
Registered: 20th Jan 05
Location: Old Trafford. Drives: MR2 N/A
User status: Offline
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damn, choot only do it at that low rate for loans over 5k
i only want one for 5k tops lol
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Dave A
USER UNDER INVESTIGATION - DO NOT TRADE
Registered: 10th Dec 03
Location: County Durham
User status: Offline
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remember that the APR is not an accurate representation of the amount you will have to pay back. for example:
a loan from the bank of scotland of £5000 over 60 months with an APR of 11.5%
is £19 per month less than:
a loan from Lloyds TSb for the same amount over the same term with an apr of 9.5%
weird huh? Ive been selling finance for 4+ years, the APR is a very misleading figure to go by, ask wether it has a decreasing balance (loan amount decreases every month rather than annually and therefore the amount you pay the interest on each month decreases)
the important figures to go by are the monthly payment, and total payable, APR is used as a sales tool to give the impression of a good feal as this is what the average punter looks at!
hope that helps
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Andy GSi
Member
Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
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^^^
Cheers for that mate.
But the also say a fixed APR, and give u put in ur amount and it says how much u r going to be paying back each month.
im looking for these key features:
*unsercured
*fixed APR
*no charges for paying it off early.
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MR2Mike
Member
Registered: 20th Jan 05
Location: Old Trafford. Drives: MR2 N/A
User status: Offline
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