Xr6 Turbo For P-Plater <Merged Topic>

[[XRS1X]]

AHAHA @ your insurance price. With your insurance policy you have to still check if your covered as some insurance company's will give you a cheap quote and you wont be covered because in their exclusion clause it will say something like if its against the road rules then the contract is void. Just a heads up.

IMO, I reckon police pick you up depending on your car, theres probably a higher chance of getting picked up in a VL than in a BA.

[dingah2]

Money does not buy maturity; you are never the one to judge your own capabilities and matuity or utter lack thereof judging by some of the drivel appearing on this forum over past months.

Sure road rules are here to legislate for the lowest common demoninator but they are rules and they will protect yourself from yourself.

If you expect someone to believe that you possess an appropriate degree of maturity and are content to fragantly disregard the law then you need a significant attitude correction.

Hopefully it will be a tree or some other inanimate object that provides it and not a law abiding and innocent third party.

Do not fool yourself by the fact that you think you can fool an insurance company either; if you are driving illegally then you are uninsured regardless of assurances to the contrary.

You hit something or God forbid, someone and you'll pay.....for a darn long time.

Wake up, and grow up there is a solid correlation between age and lack of emotional intelligence which so many of you continue to demonstrate.

Dingah

Edited 17/09/07 08:36 PM by dingah2

[PROXRT]

I have a t and just drive it easy around the streets I have had a few looks from the cops but that's it. I have takin the turbo badge off and I dont desplay my ps. I have my EB fairmont to get me to work so I dont use the T every day.

[Craig.]

All due respect Superoo but that's a very stereotypical comment. I cop so much sh*t from jealous people who continuously tell me how I should have brought a house instead of a nice car. I've been working for 4 years and im currently at uni and ive paid off my T and still have enough money to put a deposit on a house, so if your willing to work hard you can afford such things. I'm not having a person dig at you but at the end of the day the way people act and how they finance their money are entirely up to them. Just because your young doesn't mean your clueless and immature!

Cheers

Franc

Mate you are missing the point.

A house can go up in value in 12 months more than you can earn in a year. So getting in as soon as possible means that you effectively save heaps of money in real terms. It is an appreciating asset, as is a managed fund. A car on the other hand is a depreciating asset. You lose money hand over foot. Spending large amounts of money on a depreciating asset when you don't own any appreciating ones is foolish.

Nothing to do with jealousy mate! Just guys who have been there and made that mistake trying to impart there knowledge on those yet to make the same mistake.

Sounds like if you can pay off a car plus have enough put aside for a house deposit, you are probably living at home with mum and dad. Nothing worng with that at this stage of your life, but its not always going to be that easy to save. You will struggle to save a deposit to get into the housing market later on when you have left home, have a wife and a couple of kids and other expenses. Keep in mind that house prices have and are rising a lot faster than wages, so it will only get harder from here on in, unless you are going straight from uni to a $200,000 a year job.

Performance cars on the other hand are like a big black hole where all of your money dissapears. You lose value as soon as you turn the key, plus you never get back that money that you spent on modifications. Sure, there are some exceptions but you could be waiting 30 years for a car to become a collectors item. Where are you going to live in the mean time, a cardboard box?

Superroo is speaking from experience when he says put the money into a managed fund, then buy the house first then get the nice car. You will be financially better off in 10-20 years time which means you will be able to buy the latest and greatest car then!

Edited 17/09/07 11:35 PM by craiginmackay

[[XRS1X]]

Money does not buy maturity; you are never the one to judge your own capabilities and matuity or utter lack thereof judging by some of the drivel appearing on this forum over past months.

Sure road rules are here to legislate for the lowest common demoninator but they are rules and they will protect yourself from yourself.

If you expect someone to believe that you possess an appropriate degree of maturity and are content to fragantly disregard the law then you need a significant attitude correction.

Hopefully it will be a tree or some other inanimate object that provides it and not a law abiding and innocent third party.

Do not fool yourself by the fact that you think you can fool an insurance company either; if you are driving illegally then you are uninsured regardless of assurances to the contrary.

You hit something or God forbid, someone and you'll pay.....for a darn long time.

Wake up, and grow up there is a solid correlation between age and lack of emotional intelligence which so many of you continue to demonstrate.

Dingah

Mate half the points that you have brought up I have agreed with both my post's. But if you read my first post correctly never did I state that money brought maturity. Sure I'm probably not as mature as a 30 y.o. but for my age I'm more mature than most people my age. I'd agree with you that most P plate drivers are hoons, but not all. I don't appreciate you wishing bad things on me because of my opinion. If you think I'm wrong your free to disagree in a diplomatic way. Remember your accusing us of being immature.

As for the insurance I am covered but in other instances there are clauses which wont cover you as I stated here

....with your insurance policy you have to still check if your covered as some insurance company's will give you a cheap quote and you wont be covered because in their exclusion clause it will say something like if its against the road rules then the contract is void. Just a heads up.

Mate you are missing the point.

A house can go up in value in 12 months more than you can earn in a year. So getting in as soon as possible means that you effectively save heaps of money in real terms. It is an appreciating asset, as is a managed fund. A car on the other hand is a depreciating asset. You lose money hand over foot. Spending large amounts of money on a depreciating asset when you don't own any appreciating ones is foolish.

Nothing to do with jealousy mate! Just guys who have been there and made that mistake trying to impart there knowledge on those yet to make the same mistake.

Sounds like if you can pay off a car plus have enough put aside for a house deposit, you are probably living at home with mum and dad. Nothing worng with that at this stage of your life, but its not always going to be that easy to save. You will struggle to save a deposit to get into the housing market later on when you have left home, have a wife and a couple of kids and other expenses. Keep in mind that house prices have and are rising a lot faster than wages, so it will only get harder from here on in, unless you are going straight from uni to a $200,000 a year job.

Performance cars on the other hand are like a big black hole where all of your money dissapears. You lose value as soon as you turn the key, plus you never get back that money that you spent on modifications. Sure, there are some exceptions but you could be waiting 30 years for a car to become a collectors item. Where are you going to live in the mean time, a cardboard box?

Superroo is speaking from experience when he says put the money into a managed fund, then buy the house first then get the nice car. You will be financially better off in 10-20 years time which means you will be able to buy the latest and greatest car then!

Not all times its about jealousy, Superoo was just an example I used (I wasn't inferring him to being jealous) but there are people my age who are telling me what I should have spent my money on and they don't have a cent to my name. Like they spend their money on partying etc I prefer to spend my money on a car. I'm not disagreeing with you on the house idea and my money is in fact is in a managed fund and a house is the next thing on the cards. My job now is only part time and when I'm out of uni there is a chance I might be on the amount you proposed where I can live more comfortably. The point I'm trying to bring forward is that not everyone is equal.

Franc

Edited 18/09/07 02:08 AM by [XRS1X]

[Iconic Bionic]

Yep, but that specific rule came in long enough ago that even the earliest probationary drivers will be well off their P's by now.

Funny thing is my young bloke can pace my T around on his learners permit, (with me next to him of course) and he'll go for his licence in it, but as soon as he passes the test he can no longer drive the T.

Same here in NSW, where Learner drivers can drive any car on the market but once they get there P1's they are resticted. I agree with the restriction but it should also apply to Learner drivers.

Its 7 points gone if caught here in NSW and about $500 dollars.

Our RTA stuffed the whole thing up by listing 4000 vehciles instead of using a power to weight formula.

[Superoo]

All due respect Superoo but that's a very stereotypical comment. I cop so much sh*t from jealous people who continuously tell me how I should have brought a house instead of a nice car. I've been working for 4 years and im currently at uni and ive paid off my T and still have enough money to put a deposit on a house, so if your willing to work hard you can afford such things. I'm not having a person dig at you but at the end of the day the way people act and how they finance their money are entirely up to them. Just because your young doesn't mean your clueless and immature!

To be honest, I couldn't care less what you do with your money so you are correct - how people finance their money is their choice. Someone asked for some advice and I gave the best I could based on my own experience. I'm still struggling to see how what I said was stereotypical. That young people generally don't have money? Unfortunately, that's just reality for most. if you are different, then good luck to you but that doesn't change my opinion or make me jealous.

In my case, I could have bought the car I really wanted when I was 21 but decided to wait and am happy that my compensation was a roof over my head (and my T purchased years later in the garage). Hopefully you are one of the minority who have all the financial knowledge you'll ever need at a young age. I didn't.

Two things I will say though. Firstly, cars are one of the biggest financial pitfalls you will ever become involved in. Ask any accountant/ financial planner - they hate them. You must balance this fact with the emotional factor involved in purchasing a car. If you can justify the cost to satisfy the car you want rather than the one you need - then great. Secondly, when you buy your house, ask yourself how much less you could have borrowed had you bought a more economical car first.

[bugster70]

Another oldies vs young 'uns thread. But just for the record I will confirm that, as someone who is probably closer to oldie than young 'un, I sure as hell didn't know what I didn't know when I was young!

I'm just jealous 'cos I didn't walk out of uni into a $200K job!!!

[AzMahoony]

I dropped out in year 11

[bzerkone]

im with silhoutteT the wa rules are good no power to weight! another reason why wa is the place to be haha.. I got my t ute when I was on my p's here in perth ive only been pulled over the once and that was about 8 months after I was off me p's though it did result in me losing my license for 6 months but when I had my vn 5l 5speed wagon I was getting pulled over atleast once every 2 months..