So it's nearing the time when I say goodbye to my VN...

[DavidPartay]

Well my car is not going to pass rego at the end of this year, basically it's gonna cost me probably no less than $1500 to get things repaired, and then around $1000 for rego and insurance. In my eyes, it's not worth it. So what I'm going to be doing is finishing painting my door trims, and then I'm going to try and trade it in and get a manual Subaru Liberty station wagon.

Anyway, I have a question - when you're financing a vehicle with a car dealer, do they usually charge interest? I'm not going to get the chance to see the dealer until Saturday and I'm keen for information ASAP. If anyone has Subaru dealer specific information that would be even better . Also, do most dealers do financing on second hand vehicles? I don't necessarily want to buy a 2006 model Suby (although that would be awesome!)

[AirStrike]

Well my car is not going to pass rego at the end of this year, basically it's gonna cost me probably no less than $1500 to get things repaired, and then around $1000 for rego and insurance. In my eyes, it's not worth it. So what I'm going to be doing is finishing painting my door trims, and then I'm going to try and trade it in and get a manual Subaru Liberty station wagon.

Anyway, I have a question - when you're financing a vehicle with a car dealer, do they usually charge interest? I'm not going to get the chance to see the dealer until Saturday and I'm keen for information ASAP. If anyone has Subaru dealer specific information that would be even better . Also, do most dealers do financing on second hand vehicles? I don't necessarily want to buy a 2006 model Suby (although that would be awesome!)

Do they charge interest??...................THREW YA ASS!!!
You will 9 times outta 10 pay more interest on car finance then you would with a personal loan.
AirStrike

[DavidPartay]

I pay nearly 14% interest on my personal loan with Westpac, surely they aren't as bad as that?

[Infus10n]

My dad runs the finance department at several car dealerships...

YES you pay interest on the loan, but depending how good you are is what rate you will get. Argue with them till your happy, dont settle with them just because you want the car. Yes they do finance for any car... new or used... but watch out that they dont sell you every insurance under the sun... because they will try!

Just be aware of what is going on and ask them for the interest rate. They hate that question but do it... By default the interest rate is 15% - 17% ... if your credit rating is good and your not a high risk you can get them down to 10% - 12%

My car loan is at 7% ... only because dad set it up

[DavidPartay]

Wow, that's pretty damn high.

Don't worry, I learned long ago (thanks to Westpac) what happens when you don't stand against robbery . If they want to sell the vehicle, they'll listen to ME .

Thanks for the tip .

[haloeight]

some will get as high as 27%

you are better off taking out an equity access loan if you own a house

[DavidPartay]

Yeah I don't have a house yet unfortunately!

That's completely ridiculous, those salespeople can obviously afford much nicer clothes than people like me you'd think they'd be a bit less greedy .

[Patrio7]

Yeah I don't have a house yet unfortunately!

That's completely ridiculous, those salespeople can obviously afford much nicer clothes than people like me you'd think they'd be a bit less greedy .

it is for their greed that they work at making the most out of you.

[garfa]

My car loan is at 7% ... only because dad set it up

i want to slap you with a big hairy karp! i want contacts like that!

[Charg'd]

haha mines at 10.3% i dont rekon thats too bad

[s0sage]

move to vic

you wont have to "pass" anything each year hahaha
as long as you pay your rego before it expires you can have your car in whatever (un)roadworthy condition you like hahha (not including police canaries)


yeah used car finance sucks ass .. i stupidly signed myself up for a %32 interest loan for a $3000 car once .. thank christ i paid it off in 6 weeks lol!

[DavoTheGreat]

32%!? my god!

My SS is financed at 11% through the dealer (well through Esanda actually, whom I think quite a lot of dealers do their finance through). I think it depends on how much you're borrowing too as to what kind of rate you'll get. My SV6 was 12.95% when I had it. Both loans were/are over 5 years.

[gopher]

move to vic

you wont have to "pass" anything each year hahaha
as long as you pay your rego before it expires you can have your car in whatever (un)roadworthy condition you like hahha (not including police canaries)

same goes for Qld

[minux]

Well, i paid cash for both my cars, but for the SV8 we just borrowed on our home loan. So much less hassle.

[DavidPartay]

It looks like I might actually be going for an ex-company car which is a Series 2 manual VS station wagon . It's in great condition, and I'll be getting it for probably about $3000. The best bit is that it has really good suspension because it was always carrying around a couple hundred kilos of equipment in the back.

But I don't know if I'll be able to get it yet.