Fg Back To Ba/f

[tmac450]

You'll be worse off selling the car too soon. It takes 2 - 3 years before the deprecation and residual values to meet on most cars.

My tip would be to drive it more, enjoy it while you have it, and sell it in 2-4 years. If you drive it at all for work (or can claim such) do it. That way to can claim it back on tax, which will help negate your out of pocket expenses on the car.

[Inducted_Breeze]

I read somewhere that as little as an extra $20 a week into your mortgage can save you up to $10,000 in interest over a 20 year loan.

Start voluntarily putting in little amounts into your Mortgage and it will start to add up over time. if you can do the same for the T, even as little as $10-$20 this will allow you to finish your repayments a few months earlier

It all adds up, just be patient.

[graham_h]

Try and keep it.

Big loss in the first 1-2 years.

Maybe back off dining out (beer and smokes if you do either)

[03wrx]

Being completely logical and not emotional, if your priority is to drop your home loan, then I would sell the FG. Rather than paying the bank each month on car repayments, you can put this into the home loan. Regarding a car, I wouldnt buy a another xr6t, but a much cheaper car you can pay cash for. I would contemplate another xr6t once your home loan is way down. Im not sure of the logic people are saying to hold onto it for 2-4 years. The more Km's its done and the older it is, the less it will be worth. Also in the meantime, you will be paying interest on the car, and greater interest on the home, which both suck peoples savings. this is especially true for people who are on a fixed income.

if you own the Fg outright, then sell it, get the cash and dump it into the home loan. once again buy a cheap/ economical car and wait until the mortgage is very low, and then purchase your toy.

It really is not a time to take risks. Once unemployment gets up a bit, many people will stop spending on luxury items.

[jc20b]

Why dont you sell weed.

With rudd making it so easy to be a bludger these days people need more weed and they get there cash every fortnight so they will always come back for more.

HAHA

Im not JOKING either

[spooner]

  FG-XR6T said:

Hey Guys,

I currently have a FG XR6 Turbo in a manual. I absolutley love the car but as I have a mortgage im am trying to decide wether early next year to sell the FG and buy a BA/F or just keep the FG. My main thought is the extra money on the mortage would save me alot of money in interest.

Id say you are tripping if you think you can work that sort of deal mate .

If your thinking this sort of senario, your way over your head mate and if things dont pick up gonna lose big time either way .

Who knows your house could be worth half what what you paid for it this time next year , if you need to sell quick , lol .

I wouldnt worry at all about paying extra of anything as the places you owe money to , will go broke before you , lol.

Keep the car mate, and dont Panic .

Im sure a good BA will be worth as much a a VR Commordore does now this time next year

Edited 31/10/08 09:11 AM by spooner

[F6_jase]

I would rather sell my child if I had one,lmao, hang on it IS my child

[arjey]

  F6_jase said:

I would rather sell my child if I had one,lmao, hang on it IS my child

they're that good ay? lol

[DaKing]

  jc20b said:

Why dont you sell weed.

With rudd making it so easy to be a bludger these days people need more weed and they get there cash every fortnight so they will always come back for more.

HAHA

Im not JOKING either

Can you hook me up jc20b?

DaKing