Xr6t And A Mortgage?

[Worm]

Just curious...

After seeing all of these young guys with T's...

Are they your life? Is that where all of your cash goes? Will it stop you from owning a house?

I have a mortgage, but that is it. I own my car, my wifes car and everything in my house, plus some investments...

How many of you are still living at home??? I am seeing heaps of young guys selling their T's now to "buy a house" in the advertisement...

[Ras351]

I just finished uni, got a job and got a loan for an XR6 Turbo. Still renting. Didnt want to get into 200k + debt and wanted to enjoy my car 1st then down the track save up for a house.

I have plenty of time at 23 imo to get a house

[Guest]

I'm 23 with a $300k+ mortgage & loan on my car. I owned my T outright after 3 years & just traded it as half the amount on the Phoon.

I don't know what you're expecting to see here but I doubt most young guys are just bludging at home while wasting their hard earned on a car alone...

[Jman]

Hey Worm.

I bought my T when I was 22. I use it as a deduction for my business.

I guess it would have been the smarter option to buy a house first, then a fancy car.

But with the hours I work... I needed some kind of reward otherwise I would have gone LOOPY long ago.

I'm putting the spare pennies into a Term deposit to eventually get into my first house and keep the T at the same time.

All the best mate.

Whens GAS coming???????

[bluute]

im 27 (man im gettin old )

have a mortgage

own my "T" ute and my N/A sedan

no daddys money here I work away from my family to earn good money to pay the bills and get the toys I want

[iTec]

I own my T, live with my GF and she owns (mortgage) the house so I help pay that off (I guess you could call that rent)

saving now to buy a house/unit as an investment in about 2-3 years. My plan was always to buy my car first and then save and get a house, I dont plan on selling my car, if I get bored of it ill park it in the garage and play with it in 5 years.

[Worm]

How can you afford a $300k+ loan and to buy a Phoon???

Wouldn't repayments be like $2800 alone a month on the house?

I bought my house when I was 23, and got married...

Now have a T and a 10 month old bubs... They are my babies. Decided to buy the T when we decided not to have any more kids. (Wife was very sick during pregnancy and my daughter still doesn't sleep. Needless to say we are both stuffed!)

Just so you know boys!!! Don't take any offence...

Each to there own... I know people who live week by week who are 50 and have never had a house...

I was just curious...

Whens GAS coming???????

November 11th... It's all installed... Just waiting for 42lb injectors and retune, then high flowing the gas injectors...

You got your Rapids kit yet?

I installed my XFORCE gauges... That was fun :-) Scratched my frigging boost gauge

[bluute]

Easy mate you dont get a seperate loan for the car you put it on your mortgage intrest rate is heaps lower

ive got two kids 5+1 and a $300k+ mortgage at the end of the day you make do and never borrow more than you can afford to pay back

just doing light mods at the moment when my missus can go back to work ill get a little more serious or upgrade to a tornado

Edited 28/10/08 10:22 AM by Dagabond

[Dillz]

As much as I miss my T I'm looking at the big picture, I want to set myself up young (22 atm) so later down the track I can blow cash on the toys.

I've actually gone the opposite way and seen all the older guys on here that have set themselves up and are now having fun modding there cars without worrying about cash flow for the next round of mods or when something goes wrong.

But good topic though, will be interesting to see the different responses.

[Guest]

Minimum repayments are ~$2200 per month on a fixed interest rate from 3 years ago. I currently have a tenant in there that relieves the pressure a bit but they're out in 2 weeks so me & a mate can move in.

If I end up in the house alone, repayments for it plus the car will be ~$2800 per month so I'd have to give up going out so much & living the lifestyle I do. All worth it in the long run though as I'll own my own home before I'm 35 if I keep going the way I am!