General Car Related Discussion. To discuss anything that is related to cars and automotive technology that doesnt naturally fit into another forum catagory.

car loans worth it or not?

Thread Tools
 
Search this Thread
 
Old 06-01-2005, 02:18 PM
  #1  
Gra
PassionFord Post Whore!!
Thread Starter
 
Gra's Avatar
 
Join Date: May 2003
Location: Middle of Nowhere
Posts: 6,220
Likes: 0
Received 0 Likes on 0 Posts
Default car loans worth it or not?

I am getting rid of the laguna and at present am debt free, (apart from my credit card which is taking a battering for my house improvments, but i plan to have that clear again in afew months)
Anyways I dont have any loans and the laguna and rst are bought and paid for, but i paid 4900 for the laguna and think its only worth 2-2.5k max so I am thinking of getting a car loan or buying a focus on the ford options thing as I can only afford to put a grand to my car at the mo cos of all the home improvments and so on and dont want a shit heap and want a nice newish car, but am not sure
Old 06-01-2005, 02:22 PM
  #2  
Hrsturbo
Too many posts.. I need a life!!
 
Hrsturbo's Avatar
 
Join Date: Sep 2004
Location: Essex
Posts: 857
Likes: 0
Received 0 Likes on 0 Posts
Default

If you can't wait get one but if you can, sort yourself out a savings account and wait a few years which I will do in the future after taking out a loan for my first real car (rst after 3 other escorts )!
Old 06-01-2005, 03:24 PM
  #3  
matts1
PassionFord Post Whore!!
 
matts1's Avatar
 
Join Date: Apr 2004
Posts: 8,264
Received 17 Likes on 14 Posts
Default

don't get a loan from the car dealer, mega interest, get a bank loan and and buy cash, lower interest rate plus you can haggle the price of the car down with an outright buy or better still buy one that's a year old or so with low miles, that way the first owner has suffered the initial depresiation cost and you get a motor that will only loose a small amount for a year or two.

If you have the never, visit an auction, get new motors going through dirt cheap, and as a private bidder, you can out bid the dealers as they need to buy and mark it up.

My mate got a loan from a garge and was paying £180 a month, he found out after a year that only £90 a month came of the loan, the remainder was interest.
Old 06-01-2005, 03:32 PM
  #4  
Ginge !
just finding my feet
 
Ginge !'s Avatar
 
Join Date: May 2003
Location: Im behind you
Posts: 41,046
Likes: 0
Received 1 Like on 1 Post
Default

yeah avoid finance

infact avoid a loan if ya can, i dont owe anymoney as i cant afford it tbh
Old 06-01-2005, 03:38 PM
  #5  
maxest
PassionFord Post Whore!!
iTrader: (1)
 
maxest's Avatar
 
Join Date: Jun 2003
Location: Blackpool
Posts: 6,408
Received 18 Likes on 18 Posts
Default

I work for a ford dealership, PM me what your looking for and i'll give you some prices per month etc.

Max
Old 06-01-2005, 03:46 PM
  #6  
Ginge !
just finding my feet
 
Ginge !'s Avatar
 
Join Date: May 2003
Location: Im behind you
Posts: 41,046
Likes: 0
Received 1 Like on 1 Post
Default

Originally Posted by maxest
I work for a ford dealership, PM me what your looking for and i'll give you some prices per month etc.

Max

now thats a REAL car sales man , even when hes home hes selling

Old 06-01-2005, 03:48 PM
  #7  
bigal1978
PassionFord Post Troll
 
bigal1978's Avatar
 
Join Date: Apr 2004
Location: devon
Posts: 2,588
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by b19bal
Originally Posted by maxest
I work for a ford dealership, PM me what your looking for and i'll give you some prices per month etc.

Max

now thats a REAL car sales man , even when hes home hes selling



Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
gcfcos
General Car Related Discussion.
118
18-08-2015 05:53 PM
stickyslick
General Car Related Discussion.
14
10-08-2015 06:27 PM
gordyshreds
General Car Related Discussion.
20
10-08-2015 02:59 PM



Quick Reply: car loans worth it or not?



All times are GMT. The time now is 10:08 PM.