waynep
Member
Registered: 20th Apr 02
Location: london
User status: Offline
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my parents think im a twat for wantin a loan is it a bad idea?
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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unless u can 100% pay it back then yes it is 
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kerzo
Member
Registered: 10th Nov 02
Location: Norn Iron
User status: Offline
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what do you want it for?
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waynep
Member
Registered: 20th Apr 02
Location: london
User status: Offline
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want it so i can get a new car modify it and pay insurence 
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Yes you just get ripped off
I would never take out a loan other than a mortgage!
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Mav 3000
Member
Registered: 16th Aug 01
Location: Leicestershire
User status: Offline
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Whats the rush? Save up like everyone else - why give someone your money for nothing but an expensive advance in return??
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kerzo
Member
Registered: 10th Nov 02
Location: Norn Iron
User status: Offline
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i am thinking what your parents are thinking, its just a car, like colin, the only loan i would have would be a mortgage 
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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bollocks.
had loads of loans over the years..and all paid off now.But I wanted or needed i would take another one out...
if you KNOW you can make payments and take out repayment/illness insurance why not..
why wait 3 years to get something when you can get it now..
just do not overstrectch your self on payments..
be realistic and shop around for quotes..
how the hell do you think all those other ppl afford things...some might save up or have plentyof cash but not most ppl...
why not save up then and get a house..cause you want it now..thats whats loans are for...(and i know houses usually go up in value and cars go down blah blah..before somebody says it)
Be sensible though
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by kerzo
i am thinking what your parents are thinking, its just a car, like colin, the only loan i would have would be a mortgage
Exactly, id much rather wait and save for something rather than borrow from the bank, especially for a car which is only going to depreciate and lose you even more money.
Save up and pay cash up front, you know it makes sense
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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again.BOLLOCKS.................
refer to my above post..............
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by mav
bollocks.
had loads of loans over the years..and all paid off now.But I wanted or needed i would take another one out...
if you KNOW you can make payments and take out repayment/illness insurance why not..
why wait 3 years to get something when you can get it now..
just do not overstrectch your self on payments..
be realistic and shop around for quotes..
how the hell do you think all those other ppl afford things...some might save up or have plentyof cash but not most ppl...
why not save up then and get a house..cause you want it now..thats whats loans are for...(and i know houses usually go up in value and cars go down blah blah..before somebody says it)
Be sensible though
Bit different tho Mav, I could walk into the bank tomorrow and get a loan to buy say a Mitsi Evo 8.........Im not going to tho, theres being sensible and theres being stupid. If its only say about £1k over a year if you really want something then yeah go for it.......I just dont see the point of getting big loans to spend on cars that aint gonna be worth jack shit once you paid it off 4 years down the line
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by mav
again.BOLLOCKS.................
refer to my above post..............
yuck fou
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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oiss pff
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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I know people that get loans to modify cars, I done this once...never again
Idiots that get themselves so many loans and credit cards just so they have what they think is the best car.
But after all the money from the loan has gone they are unable to drive it due to having no money for petrol.
Idiots, don't do it.
Do what I done, do it monthly bit by bit.
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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i have never took a loan to modify a car..ooo did take wheels on credit once.....
Be sensible is best option and don't take it over a stupid amount of years..
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nickyboy01
Member
Registered: 10th Sep 03
Location: Oxford-ish
User status: Offline
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Dont get a loan to pay for your insurance, you'll be paying for xxx months and when next renewal comes what ya gonna do then? Get another loan?
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drunkenfool
Member
Registered: 7th Feb 03
Location: Hereford Drives: Audi R8 V8
User status: Offline
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Im using my overdraft that i get for going to uni to get my car resprayed. Not quite the same thing cos its intrest free and i got 4 years to pay it back, but as a general rule, i wouldnt bother with a loan
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