Car Recovered

[Beer Baron]

glad you got your car back buddy. you need to recognise that you dodged a bullet on this one, and now it's time to get insurance and a decent alarm and immobiliser. no one wants to be paying off a car they no longer have for 5 years. and in fact most car loans stipulate you must have comprehensive insurance as most often if someones car is stolen they end up defaulting on the loan which leaves the bank with no security to reposses.

you got lucky this time, next time they may take it for good.

[BHDave]

If you get car finance you have to get fully comp as the car belongs to the finance company until paid off technically. If you get a personal loan from the bank you don't have to get any insurance because the bank owns your arse, not the car....

[Beer Baron]

lol, yes I know the difference between secured and unsecured finance. hence my post.

[BHDave]

i just felt the need to post something about a bank owning an arse

[msnismo]

insurance aint worth what it costs. Just dont leave my car anywhere but my house blocked in by 3 other cars and a brick letterbox.

Goodluck

Guess its one of the virtues of being older... my insurance is cheap as ... wouldnt leave home without it.

I guess its a personal call... if your insurance is say $4K per year and your car is only insured for $10k then perhaps I can see the point (providing you own the car outright) ... still... 3rd party fire & theft or at least 3rd party should be mandatory. Nothing worse than being hit by an unisured driver. For the sake of a few hundred dollars a year its peace of mind......

[FATAZZ]

yeh,just paid $686 for 3rd party fire & theft.

stock standard r32gtst 89' through just car values it between $5000-$7000

Excess is $1750 for me.

Paid $12500 for the car so yeh.

im still 24.