remortgage for a rs 500,would you?
21-09-2009, 08:34 PM
#121
Much rather buy a 3dr like Carlos old one for a third of the price anyday , and then i could actually use it, just a quick one Nth Yrks spares...do you actually ever use them for flying about Scarborough in even on the odd occasion,yeah ive seen them at the shows but it just wouldnt be enough for me,i like to use them a lot, hence why one of them just wouldnt be for me.
Go on you tube and type in rs500 at croft rsoc day
21-09-2009, 08:37 PM
#122
PassionFord Post Whore!!
Join Date: Oct 2005
Location: Sheffield
Posts: 5,689
Likes: 0
Received 0 Likes
on
0 Posts
As much as i like the RS500, i wouldnt spend twice as much/3 times as much on one over a 3 door. 99% of people wont know the difference when your out in it anyway, and for the extra you get its just not worth the extra money to me. I bought my escos for 3 times the price of a saff mainly because of how it looks if im honest (and the fact ive always wanted an escos), but its a totally different car, whereas a 3 door and an RS500 cannot really be called 'totally different' car. I think its mainly the 'history' of it thats attractive to people, but for me that means nothing really.
But if thats what people want then fair play, im just saying its not worth the extra to me, just like im sure many people say the escos is not worth the extra over a saff etc etc.
But if thats what people want then fair play, im just saying its not worth the extra to me, just like im sure many people say the escos is not worth the extra over a saff etc etc.
21-09-2009, 08:52 PM
#123
PassionFord Post Whore!!
Join Date: Dec 2004
Location: Newcastle
Posts: 4,107
Likes: 0
Received 0 Likes
on
0 Posts
Yeah I was there and I also seen you putting out the flames underneath it Paul, like I said, best locked up in glass cases ,not the best way to spend 30k IMO.
21-09-2009, 08:56 PM
#124
I use both my 500"s and have also owned stupidly low miles 500"s that i didnt use
You buy a car thats suits what you want it for , the bonus with a 500 is that whatever you do with it , it will still either hold its value or go up
21-09-2009, 09:02 PM
#125
PassionFord Post Whore!!
Join Date: Dec 2004
Location: Newcastle
Posts: 4,107
Likes: 0
Received 0 Likes
on
0 Posts
I meant like out n about round your area y know, i mentioned that id seen them at shows if you read it but i personally like to get my car out after work in the summer and weekends and just hammer them all over
21-09-2009, 09:11 PM
#128
PassionFord Post Whore!!
21-09-2009, 09:18 PM
#130
10K+ Poster!!
iTrader: (9)
Join Date: May 2004
Location: birmingham west mids
Posts: 11,919
Likes: 0
Received 11 Likes
on
9 Posts
To be fair, if you want a fast car to use, buy a 3 door and put the 500 bits on it. If you want an original 500, buy one! It is quite simple really, you have got to REALLY want to own a 500, and accept that you can't put miles on it or risk damaging or heavily modifying it.
Good RS cars will always sell, as said look at RS200s, Mk1 Escorts, etc etc. Every quality RS car will appreciate (as a stand alone on it's purchase price) as the bad cars get crashed and broken for spares, the nicer cars values go up.
Just look at saffs now, a couple of years ago you could pick up a saff clinging to T&T for under 2k, now a good saff with history will cost you 5-6k min, same as 3 doors went through their slump a few years ago.
Escort Cossies are in their slump at the moment, give them 2-3 years and the prices will be creeping back up again.
Good RS cars will always sell, as said look at RS200s, Mk1 Escorts, etc etc. Every quality RS car will appreciate (as a stand alone on it's purchase price) as the bad cars get crashed and broken for spares, the nicer cars values go up.
Just look at saffs now, a couple of years ago you could pick up a saff clinging to T&T for under 2k, now a good saff with history will cost you 5-6k min, same as 3 doors went through their slump a few years ago.
Escort Cossies are in their slump at the moment, give them 2-3 years and the prices will be creeping back up again.
21-09-2009, 09:42 PM
#131
PassionFord Post Whore!!
It is no different to buying a fake watch this argument over 3dr/rs 500... some people like the idea of owning the genuine article,
I am seriously thinking of putting one of these in my new double garage
Mike
I am seriously thinking of putting one of these in my new double garage
Mike
21-09-2009, 09:54 PM
#132
i havent read it all.....but classic example of wanting something you cant afford....and sooo many people will do stupid things like that...no wonder the countrys fooked
mind you...on the other hand....you can live in a car but you cant drive a house
....it all makes sense now...NOT!!
mind you...on the other hand....you can live in a car but you cant drive a house
....it all makes sense now...NOT!!
24-09-2009, 09:09 PM
#135
i havent read it all.....but classic example of wanting something you cant afford....and sooo many people will do stupid things like that...no wonder the countrys fooked
mind you...on the other hand....you can live in a car but you cant drive a house....it all makes sense now...NOT!!
mind you...on the other hand....you can live in a car but you cant drive a house
....it all makes sense now...NOT!!another classic example of someone not reading the thread before they form an opinion
cheers james
24-09-2009, 09:22 PM
#137
basically would like to know peoples opinions on wether you would remortgage your house to buy a rs500 as i think someday i might if i cant get the cash together .a white rs500 on cxns has always been my dream car and i think lifes to short to go through without achieving your dream.
They will always be a sound investment,well thats what i told the wife lol.
cheers james
They will always be a sound investment,well thats what i told the wife lol.
cheers james
first post says it all
look on the bright side...as i said if yer house gets repo,d live in the car!
24-09-2009, 09:39 PM
#139
first of all thanks graceland
dann the question wasnt can i afford a rs500 or not ,for which i can and pay in cash if i want.but as i said the economy isnt strong enough at the minute to pay out in cash for a car for which is only a luxury really.its just a dream i have ,to own a piece of motoring history from an era that i grew up in thats all .i would never jeoperdoise my family or their future for the sake of a car.the reference to remortgaging was a way of seeing how people would compare doing it as a investment the same way as they would say add a new kitchen or sunroom .i attended a funeral recentley in the isle of man where my old boss died of heart failure which was caused by a virus [11 years ago],he was buried on the day of his 45th birthday and left three kids and a wife,he was a multi millionaire and now hes dead ,all he ever done was work and im sure if he had his time back he too might have lived life differentley.but hey i do value and take on board your opinion ,that was the reason behind the thread was to find out what people thought on the subject.
cheers james
dann the question wasnt can i afford a rs500 or not ,for which i can and pay in cash if i want.but as i said the economy isnt strong enough at the minute to pay out in cash for a car for which is only a luxury really.its just a dream i have ,to own a piece of motoring history from an era that i grew up in thats all .i would never jeoperdoise my family or their future for the sake of a car.the reference to remortgaging was a way of seeing how people would compare doing it as a investment the same way as they would say add a new kitchen or sunroom .i attended a funeral recentley in the isle of man where my old boss died of heart failure which was caused by a virus [11 years ago],he was buried on the day of his 45th birthday and left three kids and a wife,he was a multi millionaire and now hes dead ,all he ever done was work and im sure if he had his time back he too might have lived life differentley.but hey i do value and take on board your opinion ,that was the reason behind the thread was to find out what people thought on the subject.
cheers james
as above kev
the thread was asking would you remortgage your house to buy a rs 500
as a investment like you would say build on to your house to increase its value.
cheers james
24-09-2009, 09:40 PM
#140
PassionFord Post Whore!!
initially i thought wtf he must be totally mad, but then i've read the four pages and now i'm wondering if your onto something!
I think if you can't afford it without debt then don't do it. But thats why i'm driving a ten year old car and not a focus rs!
I think if you can't afford it without debt then don't do it. But thats why i'm driving a ten year old car and not a focus rs!
24-09-2009, 09:52 PM
#143
PassionFord Post Whore!!
I reckon if you went onto a porshce or rs4 forum or something and asked this very question, i reckon alot of people would say it's a good plan and what they already do!
24-09-2009, 10:38 PM
#147
PassionFord Post Whore!!
Join Date: Jan 2006
Location: fife,scotland
Posts: 3,713
Likes: 0
Received 0 Likes
on
0 Posts
24-09-2009, 10:58 PM
#155
PassionFord Post Whore!!
Join Date: Jan 2006
Location: fife,scotland
Posts: 3,713
Likes: 0
Received 0 Likes
on
0 Posts
thats fine but i was brought up to make my own way in life as i'm sure yours are,my dad gave it that chant for years but me and my brother will do just fine without his cash left to us.
we have both told him to enjoy his cash in later life as when it comes to mortgages most folks spend 20+ years working hard to pay them off.
i would be happy to get nothing and know my parents had a few holidays in retirement.
your kids will think the same way!
thats it sorted then!get the 500 bought
24-09-2009, 11:02 PM
#156
PassionFord Post Whore!!
Join Date: Jan 2006
Location: fife,scotland
Posts: 3,713
Likes: 0
Received 0 Likes
on
0 Posts
24-09-2009, 11:09 PM
#157
ok everybody heres a few sums ,now dont everyone jump down my neck ive had a look at some bank rates
typical car loan
for say 22k over 5 years typical apr is 9.6% ,repayments £459 total cost approx 28k
typical remortgage
22k fixed rate at 4.5% ,repay the £459 as above ,total cost of loan £24.5
if you took 22k over say 25 years then your repayments would be £121 per month and the total cost of credit would be 36.5k
so worse case scenario the 500 will have to go up 14.5k in 25 years,which will happen
so if you keep the same repayments the same you save 3.5k,which should pay for the polish lol
NOTE/ I HAVE NO INTENTION OF DOING THIS AT THE MINUTE LOL
cheers james
,now dont everyone jump down my neck ive had a look at some bank ratestypical car loan
for say 22k over 5 years typical apr is 9.6% ,repayments £459 total cost approx 28k
typical remortgage
22k fixed rate at 4.5% ,repay the £459 as above ,total cost of loan £24.5
if you took 22k over say 25 years then your repayments would be £121 per month and the total cost of credit would be 36.5k
so worse case scenario the 500 will have to go up 14.5k in 25 years,which will happen
so if you keep the same repayments the same you save 3.5k,which should pay for the polish lol
NOTE/ I HAVE NO INTENTION OF DOING THIS AT THE MINUTE LOL
cheers james
24-09-2009, 11:54 PM
#159
thats fine but i was brought up to make my own way in life as i'm sure yours are,my dad gave it that chant for years but me and my brother will do just fine without his cash left to us.
we have both told him to enjoy his cash in later life as when it comes to mortgages most folks spend 20+ years working hard to pay them off.
i would be happy to get nothing and know my parents had a few holidays in retirement.
your kids will think the same way!
thats it sorted then!get the 500 bought
we have both told him to enjoy his cash in later life as when it comes to mortgages most folks spend 20+ years working hard to pay them off.
i would be happy to get nothing and know my parents had a few holidays in retirement.
your kids will think the same way!
thats it sorted then!get the 500 bought
yeah mate ,i will instill the same value in my kids ,
it might just help them a bit as god fookin knows what kind of a world we will live in in 20years timecheers james
