So when you take out a loan are you going to change your username from 'broke' to 'in debt'?
Nah i got nothing.
oooooookay.
so looking at getting a loan for a little levin notchy.
[my first loan experience]
and its proving to be quiet difficult to prove to the bank that a nineteen-eighty-something toyota is worth the dollars I'm asking to borrow.
[basically so they can have some security in the loan, so if i go ass up they have something of value to recoup i think]
also, cause its savings and loans, not a large bank they are only happy to pay out via bank cheque.
which isnt much use as i was planning to spend a portion of the total some borrowed on the car itself,
and then what ever was left over on upgrades.
bassssically I'm trying to find out from anyones who's taken a loan out for a sprinter
-how they've gone about getting the dollars for a sprinter.
-who's been the best to go through for the loan [in SA if it makes any difference]
-any ins and outs to accessing cash instead of one single cheque for the total some.
thanks from your soon to be in debt friend.
So when you take out a loan are you going to change your username from 'broke' to 'in debt'?
Nah i got nothing.
You can have any brew you want... as long as it's a Datsun / Corolla / What is that?
i would also like to know this,
how old are you dude? hwo much are you taking out?
save up for it. if you cannot afford it, get a KE.
although that is not what you want to hear :lol:
hey man, can we ask how much you are getting out. I have got a 5g loan to do my engine......I just told them I am buying a new car, they didnt really ask any questions. But I suppose if its bigger they will have more questions
i really recommend you re-consider taking out a (I'm assuming decently sized ie: 7k +) loan for such a liability.
99% of the time, cars are a liability. This goes up 10fold when you consider it to be a car you drift the living shits out of.
not trying to deter you etc, i just hope you have thought this through properly
My suggestion is:
Apply for a personal loan with the bank you are with.
Tell them you are using it to purchase furniture and generally improve your lifestyle.
Suggest a possible income/outgoing comparison. ie show all possible income and omit some outgoings.
Suggest a list of all the goods that you own and exaggerate their resale value.
Banks base their lending on the assessment of one's net income (income - outgoing) and if you have personal possession totalling your loan they usually approve it.
Please don't take my suggestions as 'a proven method' as it only a suggestion.
Although the bank can't or won't check your total outgoings and possession they can check your income and they have a rough idea of average spendings.
On the ethical side, what I've said is totally unethical so please take my suggestion as totally 'off the record' and don't act on these suggestions.
haha, getting personal yo <_<
thats all good.
details are as follows.
22 years old,
full time work in surf shop [they are training me for management. its a pretty secure job]
crunched the numbers, and can comfortably afford to take out about 10-12k and still be able to save.
i know saving would be a better option,
but its easier to bust out a loan.
gets me a car now, and also a credit rating.
[which will be handy later on down the track when we fall into recession and home loans become super cheap :teehee: haha]
haha, and probably change it from broke to fucked :blink:
<div class='quotetop'>QUOTE (justin @ May 19 2008, 09:52 PM) </div>
hahaha,
yes i have been thinking its gunna be easier to go about things this way
*shifty eyes*
~edit~
<div class='quotetop'>QUOTE (seek @ May 19 2008, 09:46 PM) </div>oh yeah dude, thats cool.
open to hear both sides of the story hey.
definately been racking my brain about it.
not just a spur of the moment thing.
<div class='quotetop'>QUOTE </div>Good suggestions.
One bank I got my loan from wanted an itemised version of everything I was spending the money on, so they could write bank cheques. I simply went to another branch of the same bank and didn't have a problem
As for being ethical, when it comes to bank's. They are going to screw you for life, and I do mean SCREW YOU. Have you seen the profits they post every year. It amazes me that so many people live in poverty while some companies profit so much.
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