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| The Bar For non Automotive Related Chat |
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19-05-2008, 10:33 PM
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Formerly XG-Panelvanman
Join Date: Apr 2005
Location: Im in Cranbourne,VIC.
Posts: 476
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hey all ive decided its time to upgrade and im buying something better...
yes im selling my tinny to buy a bigger one lol im gonna have to borrow roughly 20k give or take and was curious of the best way to go about it i thought about finance but its not really practical in my situation so its either a bank or a lender like wizard or something similar i was just interested in peoples thoughts as i havent had to take a loan out in the past so this will be my first yay :rolleyes: so any help would be great guys and girls! cheers brendan
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My Ride: BA MK2 Wagon, dedicated LPG, white. modifications: cargo barriers, tow bar |
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20-05-2008, 09:24 AM
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Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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If you need to borrow money for your upgrade, than I would be personally sticking to the big banks at this point in time. Non bank lenders are under a lot of pressure do to exposure to the sub prime crisis in the states. The reason why I ask if your getting a boat, is because the bank may ask for security, (generally what your buying)... not sure bout how that will work. I guess there are specialised boat financiers?? Don't spose you could hold on to what you have slightly longer? Or buy something cheaper and have more money % wise for it and less loan? |
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20-05-2008, 09:47 AM
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I build your wish list...
Join Date: Jan 2005
Location: Country Victoria
Posts: 4,484
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PM sent
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If it weren’t for physics and the law enforcement, I’d be unstoppable.
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20-05-2008, 05:51 PM
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Live Life To Full BOOOST!
Join Date: Dec 2007
Location: Radelaide, SA
Posts: 58
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I to am in a very similar situation, will be looking to get a $20,000 loan roughly within the next 3-4 weeks and just contemplating the different methods. Does anyone recommend any certain banks with decent interest rates?? My issue is im only very young still (19) and i have little credit history. I have a mobile phone on contract under my name and thats it, now i haven't been late with any payments for it so far.
Any tips or ideas would be greatly appreciated! cheers
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CURRENT CARS: 2004 BAII XR6T - Lowered, Exhaust, Tint, Flash Tune, K&N Filter..what next?  : PREVIOUS CARS: 2000 Ford Falcon AUII Forte - Exhaust, lowered & tint MK III Ford Cortina - Completely Stock! |
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20-05-2008, 06:15 PM
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FF.Com.Au Hardcore
Join Date: Nov 2007
Location: Perth
Posts: 622
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Hi borrowed $19500 from the commbank early last year. Didn't shop around with interest rates, just thought it would be easier having all my finances tied in with one institution. It was a variable interest rate personal loan, which started at 13.4% PA. I was able to pay extra into my loan as often as I wanted, and redraw it if required. It wasn't too much hassle applying for it, I'd only held my full time job for two months but I'd had a credit card for a good five years... if that makes a difference. I paid off as much as I could as quickly as I could and managed to make my repayments within six months. I did not require any security.
Cheers
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06/01 AUII XR8 |
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20-05-2008, 07:24 PM
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Regular Schmuck
Join Date: Dec 2004
Posts: 5,640
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I just took out an Esanda loan at 9.5% on $37k. Interest rates will vary depending on how much you want to borrow and if the car is new or used. I was able to get Esanda to shave half a percent off due to a competitor I was considering so a decent rep does have a little room to move to get your business.
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20-05-2008, 07:26 PM
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Regular Member
Join Date: Dec 2005
Location: Victoria
Posts: 384
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20K
 : Is the Apprentice Marine Mechanic wages good? You can still get a good car for upto 8500K.
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22-05-2008, 03:59 PM
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Banned
Join Date: Jan 2005
Location: Beaumont Hills
Posts: 2,536
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Id suggest staying away from commonwealth, st george and westpac.. been with all 3.. hate them all.. well actually I had all banks. Ive borrowed money with all 3 anywho..
GE Finance is happy to throw money at anyone.. seems pretty good so far haven't heard any bad reports with them. My latest was BMW Finance 22k at 8%. Happy with that. |
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22-05-2008, 04:11 PM
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Regular Schmuck
Join Date: Dec 2004
Posts: 5,640
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Quote:
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22-05-2008, 09:03 PM
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blue oval addict
Join Date: Feb 2007
Location: echuca
Posts: 571
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i just bought a territory with bmw finance and found them to be unbeatable. give ben lazarro a ring on 03 97072317 he organized everything for me over the phone, (with no fuss) and only 9.0% on a second hand car loan. very good...
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bank loans or money lenders???
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