Xr8 I Want One!

OZFORDAU · 06-06-2006, 11:58 PM

OMG, i was in a car yard today with my mates! And i saw a Red AU XR8 2001 with leather seats and it was in mint condition, it had only done 105,000 kms i think! It was low kms anyway! They wanted $19,999 for it! Im so in love with it!

What do i do? I couldn't leave it's side......I want it badly arhhhhh :SaiyanSmi

Cheers

Simon

:

:

WHAT DO I DO?????????????????????????????????????????

EF302 · 07-06-2006, 12:04 AM

ummmmmm, BUY IT.lol. nah was it a 5 speed

JC · 07-06-2006, 12:27 AM

Wait until you're 30, then buy it. Insurance on that would be between 2500 & 4000 per year for under 30 y.o..

OZFORDAU · 07-06-2006, 12:40 AM

Quote:

Originally Posted by EF302

ummmmmm, BUY IT.lol. nah was it a 5 speed

If only it were manuel lol........

07-06-2006, 01:16 AM

trade in + cash..
i wish i bought an 8 now... manual.
but more than happy really with the 6... and from the looks of the current prices i got a pretty good deal... i think

Lukeyson · 07-06-2006, 02:25 AM

Quote:

Originally Posted by JC

Wait until you're 30, then buy it. Insurance on that would be between 2500 & 4000 per year for under 30 y.o..

nah man i am 25 and pay just under $900 each full comp for my AU XR8's.

Get it dude !!!!!!!!

OZFORDAU · 07-06-2006, 02:37 AM

Quote:

Originally Posted by XR8fella

nah man i am 25 and pay just under $900 each full comp for my AU XR8's.

Get it dude !!!!!!!!

That's good as! But im 18 so yeh lol......

Cheers

Simon

Other wise i prob would've!

buickman · 07-06-2006, 07:16 AM

Most insurance companies allow 25 yo & over if your under that the premiums are high

galaxy xr8 · 07-06-2006, 07:28 AM

I'd say buy it to, but the insurance could hurt you.

Racecraft · 07-06-2006, 07:41 AM

Quote:

Originally Posted by OZFORDAU

OMG,it had only done 105,000 kms i think! It was low kms anyway!

the average is 15 000-20 000 per year... So average would be 75-100k .... Lows kays would have to be under the 75k mark :P

Not that it matters much on the Fordies, longevity is their strongest selling point

sednwol · 07-06-2006, 08:13 AM

Iam currently looking for an XR6 Moonsoon blue, fun looking!

**FTE217** · 07-06-2006, 08:23 AM

Look at forum members selling their pride and joys, mine just went the other week and davocol in Melb has a good one f/s.....
Dealer is asking $20k ! not a hope unless some sucker comes, $18 max......

sednwol · 07-06-2006, 08:29 AM

My friend is a car broker and is picking one up for me at wholesale..huge saving!

Lukeyson · 07-06-2006, 09:07 AM

i been paying that much for 2 years now, but before it was $2200.
i thought you were older than 18 , thats all

XR6-VCT-2000 · 07-06-2006, 09:51 AM

If you really wanted a xr8 that bad , and it's understandable being only 18 ;) , you could allways ask your parents to insure it in their name and put you as a second driver , although if you stack it you will probably have a hefty excess and make the yearly insurance price go up in their name ! .
Its sometimes a cheaper and legal way around it with alot of insurance companys, your covered pretty well in most cases except for your fault crashes , where its still covered but the excess and rating that goes onto your parents name aint the best.

xr8ute · 07-06-2006, 09:55 AM

They are great cars, but insurance will kill you. I was paying over $3k for insurance when i first bought my XR8...although my history is not great, and the car was insured for $30k.

19,990 sounds like a bit for a 2001 XR8. Is it a 200 or 220kw XR8?

Plenty of potential in the little windsor too, easy 13sec cars with the right bits...

loxxr6 · 07-06-2006, 09:56 AM

Quote:

Originally Posted by XR8fella

nah man i am 25 and pay just under $900 each full comp for my AU XR8's.

Get it dude !!!!!!!!

Yeah and you live in an area that isn't classed as a metropolitan area so you premiums would be reasonable. Try gettting a quote living in Sydney....

Quote:

If you really wanted a xr8 that bad , and it's understandable being only 18 , you could allways ask your parents to insure it in their name and put you as a second driver , although if you stack it you will probably have a hefty excess and make the yearly insurance price go up in their name ! .

Wrong. If you want to get done for fraud go for it. Insurance must be in the name of the financial owner of the vehicle. Don't think insurance companies don't refuse claims because of this, I can assure you it happens.

XR6-VCT-2000 · 07-06-2006, 09:58 AM

It is legal to insure the car in your parents name ( as if it's their second car ) , and have you down as the second driver , totally legal .

Oh i forgot to mention though , to make it fully legit you would have to put the XR8 in your parents name on the rego/owners papers when you buy it.

MRJUCY · 07-06-2006, 10:07 AM

You can get a T2 for that sort of money if you look around. For me there is no contest on which to get.

xr8ute · 07-06-2006, 10:11 AM

Quote:

Originally Posted by MRJUCY

You can get a T2 for that sort of money

now your talking...those early T series cars are hot

Pinkbits · 07-06-2006, 10:16 AM

Quote:

Originally Posted by OZFORDAU

OMG, i was in a car yard today with my mates! And i saw a Red AU XR8 2001 with leather seats and it was in mint condition, it had only done 105,000 kms i think! It was low kms anyway! They wanted $19,999 for it! Im so in love with it!

What do i do? I couldn't leave it's side......I want it badly arhhhhh :SaiyanSmi

Cheers

Simon

:

:

WHAT DO I DO?????????????????????????????????????????

Was it in Cranbourne by any chance?

HLC · 07-06-2006, 10:23 AM

Quote:

Originally Posted by OZFORDAU

That's good as! But im 18 so yeh lol......

Cheers

Simon

Other wise i prob would've!

no way! i thought you were older!

oh well, welcome to the 18year old AU club. me and you

:

HLC · 07-06-2006, 10:26 AM

Quote:

Originally Posted by loxxr6

Wrong. If you want to get done for fraud go for it. Insurance must be in the name of the financial owner of the vehicle. Don't think insurance companies don't refuse claims because of this, I can assure you it happens.

if you register it in your parents name as well, who is to know.

xr8ute · 07-06-2006, 10:30 AM

Quote:

Originally Posted by HLC

if you register it in your parents name as well, who is to know.

Do you really want to risk it? Financial records are readily accessible. I don't imagine it would be real hard for an insurance company to find out who is the financial owner of the car..

XR6-VCT-2000 · 07-06-2006, 10:44 AM

If you hand the money to your parents and get them to purchanse the car , put it in their name , then who is to say it isn't theirs ! , its a totally legit loophole .

JeffAU1 · 07-06-2006, 10:44 AM

Quote:

Originally Posted by xr8ute

Do you really want to risk it? Financial records are readily accessible. I don't imagine it would be real hard for an insurance company to find out who is the financial owner of the car..

Careful Careful.

If your parents put the rego in their name, they buy it, and they insure it as there second car, and list you as a second driver and you crash it, you COULD be in trouble.

I work for an insurance company and some of the things we hear is scary. If they think it is your car, then they are in their own rights to start asking your neighbours "Who drives this car", they might even ask people at your work.

If they prove that your actually the main driver, but only noted as a second driver then you could be in trouble. They could deny the claim, charge you more premium, or additional excess's.

Just put it in your name, be honest, if your 18 and you can afford a V8, then just pay the price to insure it.

HLC · 07-06-2006, 11:03 AM

Quote:

Originally Posted by merkus

Careful Careful.

If your parents put the rego in their name, they buy it, and they insure it as there second car, and list you as a second driver and you crash it, you COULD be in trouble.

I work for an insurance company and some of the things we hear is scary. If they think it is your car, then they are in their own rights to start asking your neighbours "Who drives this car", they might even ask people at your work.

If they prove that your actually the main driver, but only noted as a second driver then you could be in trouble. They could deny the claim, charge you more premium, or additional excess's.

Just put it in your name, be honest, if your 18 and you can afford a V8, then just pay the price to insure it.

how about this:

they buy it, register it, and insure it in their name, but nominate me as the main driver. i drive their car. easy. what happens if i crash it?

xr8ute · 07-06-2006, 11:14 AM

Quote:

Originally Posted by HLC

how about this:

they buy it, register it, and insure it in their name, but nominate me as the main driver. i drive their car. easy. what happens if i crash it?

I've talked through that scenario with a couple of insurers, and the cost of the insurance jumped to the same amount as if I insured it under my name.

If i was nominated as a second drive the price was much less, but there where always conditions around the amount of hours per month/year i was allowed to drive the car. I think this is where the "Ask the neighbours" scenario comes into play...

I dunno...I suppose the risk of getting denied a claim is reasonbly low, but the cost if you where to get denied could be horrendous.

LG · 07-06-2006, 11:28 AM

Quote:

Originally Posted by HLC

how about this:

they buy it, register it, and insure it in their name, but nominate me as the main driver. i drive their car. easy. what happens if i crash it?

Well it wouldn't be your car. So if you do have a crash, and go "oh my car", then your basically stuffed. You have to always refer to it, as "your parent's car".

Just wait a few more years, till insurance gets cheaper, then do it. Must admit, that V8 noise, and the torque, you'll never look back.

JeffAU1 · 07-06-2006, 11:59 AM

Quote:

Originally Posted by HLC

how about this:

they buy it, register it, and insure it in their name, but nominate me as the main driver. i drive their car. easy. what happens if i crash it?

This would be fine as you are doing nothing wrong, you have disclosed that you are the main driver. But im sure you would pay the same premium either way, as most companies rate off the same driver.

For those in NSW, you also need to make sure you tell the CTP holder that you are the main driver too.

Just so much easier to do it as your car, see as though the cost is the same either way.

But i must say i can see why you want to look at cutting corners. I did a quote based on my suburb (ST CLAIR) and your age (18) and it came back at $4584.70. I could not believe it... I thought $941 for my AU 6 Futura and me being 26 years old was way too much to pay... i'll stop complaining i think...