loans

[xsoarerx]

if you've only got one car and the notch back is going to be that one car, best of getting a few grand more than what your going to by it for and buy a ke70, throw in 4age, coilovers, brakes and other items and drift/thrash/drive it to death... and use the notch back as a daily untill the loan is payed off.

cuz the last thing you want to do is be paying money on a car that isnt moving cuz you can't afford another 4age.

[broke]

<div class='quotetop'>QUOTE (xsoarerx @ May 19 2008, 10:37 PM) </div>

haha.
soarer.
your a bad man.
don't go putting any more ideas into my head.



its too much debt as is :whistling:

[xsoarerx]

best way to do it would be to slowly build up parts putting them into a ke70/ae71 and saving money while your at it. then once you've red driving aura has reached the same level as the amount of money you need for a notch back move accross then.

pull std. gear back in ke70/ae71, leave 4age in it and profit???

not trying to poke fun or trying to burst your bubble but getting into debt for a 25 year old car's is a bit of a risk

[sly1300]

marky-mark

a loan aint all that bad. but just don't blow it all on the ONE vehicle. it'll suck if u fuck it and havent the coin to fix it asap.
keep the uterus or buy a shitter for a daily so you can still get to work to earn money to repay tha loan.

don't go for a "car loan", simply jump thru all the banks hoops and get yourself a personal loan,

if its a personal loan they wont care if its for a car, or if you are gonna spend that $$$ on a FUCKLOAD of cocaine and hookers. they wont care as long as you pay it back.

my only suggestion is take the loan out for as long as you can (usually max 7 years)
this makes the weekly/fortnightly/monthly payments smaller.
BUT it also makes the total u pay back larger too sooooooooo

drag the loan out as long as possible to make ur minimum payments smaller, this way if ur out of work or low on cash you can still make the measly repayments back easy.

but you lose more money in the long run, so to counter this, simply pay and extra 20/50/100 etc off your loan at your own free will every time a payment is due, therefore it will bring your 7 year loan with big interest back down to a 2 or 3 year with little interest, but also with the security of low repayments IF youre short on cash one paycheck.

but you gotta be strongwilled and make sure you put the extra back into the loan and not just think ah fuck it otherwise a 10k loan turns into 6/7 years and about 15k :o

FUCK THAT.

plus its giving you a credit rating.
+1 for later when u wanna buy that house in times of recession.

enough ranting.

sly out.

[Konakid]

DEFINATELY get a car loan as they won't approve you unless you get comprehensive insurance.

The amount of times ive heard of people left with a written off or stolen car and $5000+ debt for the next 5 years because they were to stingy to get full insurance on a car bought with a personal loan...

[johl]

banks hate me. my mate screwed my credit rating so now i can't even get a $1000 credit card when i earn over 50k. i saved 7k and applied for a 5k loan and also got rejected. i dunno what else to do now. i asked the bank to get a credit report and it came back as not too bad. but yeh am in the process of getting 25k loan and i dunno what to do with it but yeh i'l prob find something jdm but the loan will prob get knocked back as usual tho

[Javal]

<div class='quotetop'>QUOTE (sLy1300 @ May 19 2008, 11:17 PM) </div>+1.

Best post so far.

Also, as ko-ko-ko-chronic kid said - FULL COMPREHENSIVE INSURANCE.

If you're shit gets stolen / crashed, you don't want to be paying off a blank space in your driveway.

[Greg]

3rd party fire and theft will cover you for getting the car stolen/lit on fire >.>

Chances are if you crash it and its your fault, you were doing something you shouldnt of been and wouldn't get paid out anyway.

Sucks being 18 and looking at 2k+ for pretty much any car for insurance.

[Konakid]

would suck even more being 18 and having 5k of debt for nothing...

[Anthony]

Try St. George. Very flexible unsecured loans, they'll ask you what its for, then give you the bank cheque in your name as they've fulfilled their duty of care. (of course simply answer this question "buying a car", don't try and explain the worth of a 20V conversion )