Mugabetown - Whoretownin' At It's Worst.

[TREGTR]

What u mean the Bill Gate's I am sorry I made you all buy Vista fund?

lol... what a disaster Vista was

[TREGTR]

its last outing did involve 2 shredded rear tyres (temora 1000), they were bald when it got back to canberra.

I saw them by way of grouped nano particles lol

[MBS206]

im looking to do it differently.

similar price bracket, but near on 50% deposit, because smaller loan means less interest to the bank.

It's why I want a 20% deposit. I can get away with only a 3% deposit, but I did the maths.

If I change the deposit from 10 to 20%, at my repayment rates, I delay purchasing the house buy 12 months, BUT I actually end up owning the house in 12 months less, meaning I pay the house off 2 years quicker then I would have before... If I'm paying it off 2 years early... Think of how much I'm saving straight up...

Reason I won't go for a bigger deposit, if I plan to stay where I am for an even longer period, I'll need to find my own place to rent, so while I am avoiding paying rent, that's going into savings and making the dream sooner... LOL

[TiTAN]

Self control grasshopper

but its so hard when you can buy nice things with it.

[Ants]

Debt shop. Move money around to lowest possible repayment figures. 0% credit cards and don't borrow anymore for a while. It reduces debt levels and increases good repayment history. Serviceable debt isn't the enemy, it's just people never plan for things like: what if I lost my job tomorrow.

agreed. Or other factors they could not foresee

[TiTAN]

It's why I want a 20% deposit. I can get away with only a 3% deposit, but I did the maths.

If I change the deposit from 10 to 20%, at my repayment rates, I delay purchasing the house buy 12 months, BUT I actually end up owning the house in 12 months less, meaning I pay the house off 2 years quicker then I would have before... If I'm paying it off 2 years early... Think of how much I'm saving straight up...

Reason I won't go for a bigger deposit, if I plan to stay where I am for an even longer period, I'll need to find my own place to rent, so while I am avoiding paying rent, that's going into savings and making the dream sooner... LOL

if you have 20% or more you also can forgo the insurance for the deposit which you have to get if you go in on a tiny deposit.

[MBS206]

Debt shop. Move money around to lowest possible repayment figures. 0% credit cards and don't borrow anymore for a while. It reduces debt levels and increases good repayment history. Serviceable debt isn't the enemy, it's just people never plan for things like: what if I lost my job tomorrow.

Yep, I consolidated about 9K worth of debt maybe 3/4 months back onto a 0% credit card. Didn't make a single repayment on it for 6 odd weeks. In four weeks time it will be 100% paid off, and at the same time I'm clearing another personal loan. Unfortunately it's too large of a debt to shift onto a 0% credit card at this stage, but should be cleared by around April next year based on selling one of my cars.

[TREGTR]

agreed. Or other factors they could not foresee

Like fast cars hitting immovable objects

[Ants]

It's why I want a 20% deposit. I can get away with only a 3% deposit, but I did the maths.

If I change the deposit from 10 to 20%, at my repayment rates, I delay purchasing the house buy 12 months, BUT I actually end up owning the house in 12 months less, meaning I pay the house off 2 years quicker then I would have before... If I'm paying it off 2 years early... Think of how much I'm saving straight up...

Reason I won't go for a bigger deposit, if I plan to stay where I am for an even longer period, I'll need to find my own place to rent, so while I am avoiding paying rent, that's going into savings and making the dream sooner... LOL

its simple really. The bigger the deposit the better the Banks will love u!

[Ants]

Like fast cars hitting immovable objects

thats one if them

[MBS206]

its simple really. The bigger the deposit the bigger the loan the Banks will try to sell you!

FYP

[Ants]

FYP

but u know this already. Choose a financial institution that suits you.

[TREGTR]

Biggest hint... if ever Esanda try to put you in a new car and can only offer you silver rate, but will specially upgrade you to gold rate. say fu and ask for platinum or you walk lol

[Ants]

Biggest hint... if ever Esanda try to put you in a new car and can only offer you silver rate, but will specially upgrade you to gold rate. say fu and ask for platinum or you walk lol

interesting

[TREGTR]

One good thing about debt is that it permits you to have more disposable income and buy things that you can enjoy whilst you don't have osteoarthritis and need a hip replacement

[TREGTR]

interesting

Most car dealers try this one on, as they middle man for Esanda.

[Ants]

One good thing about debt is that it permits you to have more disposable income and buy things that you can enjoy whilst you don't have osteoarthritis and need a hip replacement

depends what u acquire through debt finance.............usually bricks and mortar

[Ants]

depends what u acquire through debt finance.............usually bricks and mortar

well in out.

Gnite everyone

[RandomHero83]

nite all

[TREGTR]

depends what u acquire through debt finance.............usually bricks and mortar

bricks and mortar always a wise investment. market in Sydney atm is a sellers paradise, but buyers worst nightmare. A buyer now is unlikely to make any short term gain. Invest in govt bonds.

Having said all this, I blow every last cent on stupid stuff. here's a case in point, I have it fixed in my head that I need an R34 GTR, but one that will appreciate over a long time. So I started looking for a Millenium jade nur m-spec. Then I get in contact with a mate who says that the Endless Drag GTR is available, essentially a highly modified 99 V-Spec. 82k imported, so I make a few calls and confirm. Now, most ppl would agree very cool car, but if that engine blows all you're left with just another white, blown motor 99 V-Spec. At this point most ppl come to their senses. Me, I think ohhhhh this one's fast, fcuk it I'll finance to lessen the risk. This is exactly why, I am the worst person to listen to for financial advice.