<div class='quotetop'>QUOTE (floody31 @ May 20 2008, 06:10 PM) </div>Off topic for a sec, do you think there is a car you could buy with ~10k, that would appreciate in value (or at least maintain its value), in ~5 years? (i.e. a kind of low dollar 'investment classic'.)
Off the top of my head, I'm thinking maybe a Peugeot 205GTI, MGB or early Mazda coupe...
<div class='quotetop'>QUOTE (HachiRoku @ May 20 2008, 09:23 PM) </div>
any original mazda rotory automobile will only increase in value i reckon.
they are fetching some pretty hefty prices at the moment,
and theyre not making any more of them :turned:
<div class='quotetop'>QUOTE (Jonny Rochester @ May 20 2008, 09:46 PM) </div>Make sure that you put down alot of assets to your name, they don't actually check them, so if you don't own any valuables, an invisible jet-ski couldn't hurt your case!
What you can do if you use a personal loan is take out enough to cover insurance for a year as well so that you don't have to worry about it.
RT142 Estate.
AJPS.
<div class='quotetop'>QUOTE (Jonny Rochester @ May 20 2008, 09:46 PM) </div>can i ask did you do just use the calculator?? the one that you only input your income and expenses?? this calculator is simply a servicabilty calculator not an assets test.
Yes it is important that your asset base is relativly strong, and most definatly not in deficit. (loan exceeds the value of all you own) Ensure you have a good think about things like your home contents, nearly EVERYONE who has a guess at the value of their contents will undershoot, you need to think about replacement of everything, right down to things like kitchen cutlery and clothes etc. Also remember to include things like tools of trade etc, i find most applications i take can nearly double the original guess.
the main thing that calculator will do is ensure your income will comfortably support your existing and proposed expenses.
if you have any other questions you need in depth answers for just pm me.
<div class='quotetop'>QUOTE (HachiRoku @ May 20 2008, 09:53 PM) </div>
Late NA MX5 perhaps (1.8 motor, pop up lights). Doubt you'd buy a reasonable MGB for $10k. 205GTi will always be weirdo euro and of interest only to weirdo europhiles.
Generally though...No.
<div class='quotetop'>QUOTE (floody31 @ May 22 2008, 01:06 AM) </div>Hahahaha Touge205 had one for a while, fucking quick and cool cars tho.
RT142 Estate.
AJPS.
<div class='quotetop'>QUOTE (callum1 @ May 20 2008, 05:50 PM) </div>priddy much same
minimum repayment is 220 per month
$7 service the loan
100 per month on interest
if your going to borrow x amount, make sure you can pay it off asap.
also, if you get a loan, make sure the way you pay it doent attract fees.
i had a friend they bought a brand new 2000 mitsy marage (sp?) there "on road costs" were around 16,990 at the time.
he got finance and got screwed with a few "extra costs" that he could of talked down if he wasnt so dim.
was paying it off and then got a letter in the mail about 2 years in saying on top of the loan amount he owed 200 odd in fee's for paying it at the post office and was stung a late fee for not paying them even tho he never got a warning.
long story short, direct debits were free so he changed to that.
he's a qualified chief and 6 years on he hadnt payed off his 16,990+extra's and resulted in a 30g blow out on the lown.
he now owns a bug eye wrx that he paied 27g on and it came with a roady and choped springs.... bahahahahahahahahahahahahahahahahahahah
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