Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 17y 5m 17d Gender: Male Location: Melbourne Posted 08/05/10 11:30 AM Share Posted 08/05/10 11:30 AM (edited) Guys I been floatin around this joint long enough to know how this place works, I've made too many mates with f*ckin awesome cars to mention and I respect every members opinion so I'm just gonna put it out there.I'm gonna buy my first house at the end of this year (after a sh*tload of sacrifice, see past threads) and I really want to tack on another XRT to my loan but I just can't work out whether I should or not.My last XRT gave me so much joy and that sense of achievement cause I actually earned it and I know this next one will as well. Like I have sacrificed sooo much these last few years I really think I deserve it, but is it worth puttin myself in extra dept? (nearlyy 30k!) I won't stuggle or anything but everyone's tellin me why bother and I'm like cause I need something to say to myself that your actually doin ok keep going and enjoy.Pretty much opening myself up so go easy, cause for once I'm being serious. Should I or Shouldn't I? Should I wait till I can buy one cash and not worry or what? Any advice or opinion is welcome. Edited 08/05/10 11:32 AM by Dillz Link to comment Share on other sites More sharing options...
Fords Rule Member 38 Member For: 15y 3m 15d Gender: Male Location: Penrith Posted 08/05/10 11:40 AM Share Posted 08/05/10 11:40 AM Your dead a long time!! and you only live once.But make sure you buy a house with a double garage so you have plenty of room to work on those mods.GO FOR IT I SAY. Link to comment Share on other sites More sharing options...
senna_T Forged Member Lifetime Members 15,818 Member For: 17y 9m 4d Gender: Male Location: SW Sydney Posted 08/05/10 11:46 AM Share Posted 08/05/10 11:46 AM This thread should come with a warning: "Caution: Stupid question approaching" In all seriousness mate, if you are going to finance a car, putting it on your mortgage is just about the cheapest way of doing it, however you need be happy that you are paying off your car for 25 years (kinda). Another benefit of doing this is that your car is not encumbered when a credit check is done.If you are gonna buy one mate, make sure you do it right - there is a good chance you could get a decent F6 for 30K, so don't waste your time with another BA. Try and get a good clean car that is standard, and then work your butt off for the satisfaction of modifying it.I suppose you need to consider your situation though - income and outgoings - if its all clear then go for it bud.Sounds like you've already made up your mind... Link to comment Share on other sites More sharing options...
jet jockey Member 36 Member For: 20y 8m 21d Posted 08/05/10 11:53 AM Share Posted 08/05/10 11:53 AM Sorry Senna, but I would have to disagree with you. Putting your car loan on your mortage definately courses the least amount of financial pain. But would have to be the most expensive way of buying a car. Link to comment Share on other sites More sharing options...
Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 17y 5m 17d Gender: Male Location: Melbourne Posted 08/05/10 11:56 AM Author Share Posted 08/05/10 11:56 AM Lol, Pat you know I always respect your opinion. I can afford it easily on my current wage my argument is should I? I'm starting my retirement fund (so to say) andIi know that another XRT will loose money not make me money but at 24yo blowing a bit of cash of something I know I'll enjoy, should I? Or wait another 3 years and do it properly? Link to comment Share on other sites More sharing options...
Snaps Member 79 Member For: 16y 1m 9d Gender: Male Location: Brisbane Posted 08/05/10 12:05 PM Share Posted 08/05/10 12:05 PM Its a bit of a tough question mate, only you would know your financial circumstances best. That being said if you are having a tight time at the moment, it might be difficult to meet repayments in future. At this stage id be allowing for a 2% rate rise in the next 12 or so months. Tagging on a 30g car to your mortgage might not be the best move, it may be a better option to save save and save. Im only offering my opinion as a fellow person in similar circumstances, so take it with a grain of salt Link to comment Share on other sites More sharing options...
Bonjaz Donating Members 1,841 Member For: 15y 11m 4d Gender: Male Location: CQ Posted 08/05/10 12:22 PM Share Posted 08/05/10 12:22 PM Your going to be in debt for the next 25ish years your going to need something to look forward to on weekends correct? I say you definately need a toy and an xr6t is a pretty good one Link to comment Share on other sites More sharing options...
senna_T Forged Member Lifetime Members 15,818 Member For: 17y 9m 4d Gender: Male Location: SW Sydney Posted 08/05/10 12:22 PM Share Posted 08/05/10 12:22 PM Sorry Senna, but I would have to disagree with you. Putting your car loan on your mortage definately courses the least amount of financial pain. But would have to be the most expensive way of buying a car.that's what I meant, probably worded it wrongly though Dilly, I would do it, but I love spending money- so I'll probably always be broke! In saying that, I'm always happy with my life. Take that into consideration, the decision is really yours mate. Link to comment Share on other sites More sharing options...
Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 17y 5m 17d Gender: Male Location: Melbourne Posted 08/05/10 01:52 PM Author Share Posted 08/05/10 01:52 PM Thanks guys really appreciate the feedback. Any more is welcome. Link to comment Share on other sites More sharing options...
Dagabond Bored Member Administrator 35,722 Member For: 21y 11m 28d Gender: Male Location: Dé·jà vu Posted 08/05/10 02:17 PM Share Posted 08/05/10 02:17 PM How long are you going to be happy with the car...30years... ...I get toey at 2 on a 3 year lease...But as FR said ya dead a long time.... Sounds to me like you've made up your mind already.... Link to comment Share on other sites More sharing options...
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