Wrighty
Member
Registered: 28th Feb 04
Location: Howden
User status: Offline
|
Is now a good time to borrow money?
Iv had 2 previously but for the past coupla years iv not had one and paid everything outright which is kinda a good feeling but im rarely going on on the lash etc to do so..i was lookin at big loans like 10k over 2 years and sainsburys bank only want 800 for that  its tempting just not sure in the current climate.
i really want a Kit car for next summer and a golf gt tdi for a runabout am i just been stupid 
|
Colin
Member
Registered: 4th Apr 02
User status: Offline
|
Just get it done, you'll know best what you can comfortably afford each month!
Whether the lender will give it to you is another thing, try whatever bank you use, they might be more inclined to give you larger funds!!
|
Wrighty
Member
Registered: 28th Feb 04
Location: Howden
User status: Offline
|
aye i know, i thought that wasnt bad thats why im tempted oo decisions
|
Twiggy
Member
Registered: 15th Oct 04
User status: Offline
|
As long as in the back of your mind it wont fuck you in the arse go for it 
|
morpheus22
Member
Registered: 10th Oct 05
Location: sheffield
User status: Offline
|
800 a month ?
|
Wrighty
Member
Registered: 28th Feb 04
Location: Howden
User status: Offline
|
no 800 on top of the 10k you borrow
|
morpheus22
Member
Registered: 10th Oct 05
Location: sheffield
User status: Offline
|
10k over two years is allot a month. if you can afford the repayments i crnt see why you wouldnt go for it having a track car would be an expieriance. 
|
Wrighty
Member
Registered: 28th Feb 04
Location: Howden
User status: Offline
|
done 4k back in a year no probs, id maybe get a bit more over a bit more time..hmm!
|
morpheus22
Member
Registered: 10th Oct 05
Location: sheffield
User status: Offline
|
i took out a 4k loan over 5 years and i crnt remember what i payed back but i lost my job.... needed a bigger over draft payed that off...... tbh it went out of control from there last time i looked i owed 8k only another 3 years payments i regret it now because i could have a morgage and be cmfortable 
|
Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
|
Thats a damn good deal tbh. I've just finished my loan from my bike. Feel rich as I've got an extra £350 a month Although thinking about getting another one as I want a van for work. 3 vehicles, hmm
[Edited on 28-08-2009 by Graham88]
|
oceansoul
Member
Registered: 19th Jun 06
Location: Sunbury, Surrey
User status: Offline
|
what happened to doyles loan idea, of getting like 4k loan for a 2k car or somethin??
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
£10k over 2yrs is going to be a min of £450 a month inc. interest.
If you think you can afford that and think your job is fairly secure then go for it.
|
a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
|
if you buy a kit car remember you will need lots of spare cash to buy all the unforseens etc
|
Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
|
is that your quote or they're advert figures? thats a good interest rate if its your quote
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
Its over 2yrs, of course it'll be a good quote.
You'll get between 8-9% interest from a lot of vendors on that amount over that period.
|
