| The Pub Talk about anything not relating to cars or Commodores in general. |
17-04-2007, 06:06 PM
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M&M =D
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Ride: Nothing :'(
Join Date: May 2006
Location: Melbourne
Posts: 828
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Finance
Ok... Well as you know, my car was hit by a truck soo Its not in the best shape its been in...
Anyway... I've found another car... a 1999 WH Statesman.
I don't have the money at the moment... but hopefully I'll get a pay out from my insurance, or I'll sell the car when I get it back repaired.
Anyway, this statesman wont be around that long, so if I want to buy... I need to buy ASAP.
Seeing as I dont have the money YET... I'm thinking about getting finance, and then paying it off when i get the money.
I'm kind of nervous that they might repair the car, then i wont get as much by selling it myself.
Anyway, Im unemployed, full time uni student..... Banks dont like me, and the car yard isnt really too happy about givin me finance.
I've seen these commercials for 'Motor Finance Wizard'? Are they any good?
And also, what are your opinions? should I go about it this way? orr should I just wait? If I wait, I wont be able to get a stato, and I kind of have my heart set on it.
Thanks guys, any help, much appreciated
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[SIGPIC]C:\Documents and Settings\Michael\My Documents\My Pictures\First car\STA60016.JPG[/SIGPIC]
VT Calais II... The Italian Stallion
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17-04-2007, 06:13 PM
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P'S
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Ride: VR Berlina
Join Date: Apr 2007
Location: Cranbourne, Victoria
Posts: 28
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Wait it out imo mate.
I would never finance a car because you end up paying more than they have on the car already. Bank loans are no fun unless you dont have a credit rating. I'd wait it out for your payment from insurance and im sure there will be another car around the corner :P
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[center]1993 VR Berlina
CIA, K & N Filter, Pacemaker Extractors, Stage 2 Shift Kit.. getting there =]
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17-04-2007, 06:20 PM
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Tells it like it is.
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Ride: VE SS-V, VP SS
Join Date: Aug 2004
Location: SE Suburbs, Melbourne
Posts: 1,773
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Quote:
Originally Posted by MikesVT
Ok... Well as you know, my car was hit by a truck soo Its not in the best shape its been in...
Anyway... I've found another car... a 1999 WH Statesman.
I don't have the money at the moment... but hopefully I'll get a pay out from my insurance, or I'll sell the car when I get it back repaired.
Anyway, this statesman wont be around that long, so if I want to buy... I need to buy ASAP.
Seeing as I dont have the money YET... I'm thinking about getting finance, and then paying it off when i get the money.
I'm kind of nervous that they might repair the car, then i wont get as much by selling it myself.
Anyway, Im unemployed, full time uni student..... Banks dont like me, and the car yard isnt really too happy about givin me finance.
I've seen these commercials for 'Motor Finance Wizard'? Are they any good?
And also, what are your opinions? should I go about it this way? orr should I just wait? If I wait, I wont be able to get a stato, and I kind of have my heart set on it.
Thanks guys, any help, much appreciated
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Sorry bloke, you are going to find it extremely difficult to get finance with no job and I would argue that anybody who does will be breaking the law as you have no means to repay it.
One thing to keep in mind (especially with cars) is that there is virtually never a "once in a lifetime" deal. There are still heaps of WH Statesmen about and for the most part they have been looked after. If this one goes, another will come along soon. I would be hanging 5 and see what happens with your car. FWIW I'd be almost certain it has gone to god. When does it get assessed?
Reaper
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17-04-2007, 07:01 PM
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M&M =D
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Ride: Nothing :'(
Join Date: May 2006
Location: Melbourne
Posts: 828
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They said 7 - 10 days to get assessed, but I'll be calling tomorrow and every couple days to see if there's any info
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[SIGPIC]C:\Documents and Settings\Michael\My Documents\My Pictures\First car\STA60016.JPG[/SIGPIC]
VT Calais II... The Italian Stallion
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17-04-2007, 07:14 PM
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Rick =]
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Ride: Vn Exec 3.8 S1
Join Date: Dec 2005
Location: sunshine, melbourne
Posts: 680
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dont do it mike:P... imagine if you dont get alot for the calais, then you borrowed 15, they only give you 10.... how you going to pay that 5? and with interest... never good to do it unless you have a steady income... that stato is nice but not nice enough to possibly hang yourself by the balls if it stuffs up on ya... seriously man just wait, and if you get enough THEN go get the stato  ... just think about it before you do it 
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17-04-2007, 07:20 PM
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M&M =D
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Ride: Nothing :'(
Join Date: May 2006
Location: Melbourne
Posts: 828
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damn it!! Why does everyone use logic and common sense 
I know I really shouldnt do it... I'd be putting myself in a very dangerous position... never been in debt before, and wanna keep it that way... but I do need a car... and that stato is very very nice...
Thing is I probably wont even get finance in the first place like Reaper said... soo.. I dunnoo
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[SIGPIC]C:\Documents and Settings\Michael\My Documents\My Pictures\First car\STA60016.JPG[/SIGPIC]
VT Calais II... The Italian Stallion
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17-04-2007, 07:21 PM
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M&M =D
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Ride: Nothing :'(
Join Date: May 2006
Location: Melbourne
Posts: 828
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Oh!! by the way...
Does anyone know how to work out the market value of a car?
They dont use redbook do they? :| because if they do... I'm stuffed
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[SIGPIC]C:\Documents and Settings\Michael\My Documents\My Pictures\First car\STA60016.JPG[/SIGPIC]
VT Calais II... The Italian Stallion
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17-04-2007, 07:24 PM
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Ride: VnExecutive
Join Date: Mar 2007
Location: Cranbourne
Posts: 75
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make the truck driver pay for a renter car if possible or c if the insurance company will work something out
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LIFES A GARDEN, DIG IT..lol 
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17-04-2007, 07:31 PM
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M&M =D
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Ride: Nothing :'(
Join Date: May 2006
Location: Melbourne
Posts: 828
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Insurance wont cover a rental car... and I dont really wanna deal with the truck driver... I just want a car... bah...
I can borrow my grandfathers car when I NEED one I suppose... maybe I should just wait...
Shame to see a nice black stato slip through my fingers though
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[SIGPIC]C:\Documents and Settings\Michael\My Documents\My Pictures\First car\STA60016.JPG[/SIGPIC]
VT Calais II... The Italian Stallion
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17-04-2007, 07:34 PM
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Banned
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Ride: Almost genuine VT "S" + VZ "SS" Red Ute + Vk V8
Join Date: Jul 2006
Location: ..
Posts: 882
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wait, wait, wait... and wait until your current car is dealt with.
my brother went a month when his was stolen.
no job, no income, no bank records, don't get into debt unless you have a job...
don't get sucked in, you're obviously ****ed off at the moment and want any car, relax and look around.
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17-04-2007, 07:39 PM
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Banned
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Ride: Almost genuine VT "S" + VZ "SS" Red Ute + Vk V8
Join Date: Jul 2006
Location: ..
Posts: 882
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on older model cars prepare to pay alot of interest, because the car is generally cheaper, the loan can either be lessened or worth less, they hit up the interest to make a better payout for themselves...
so we were told when my brother went for his new finance contract, interest on a 2002 vx ss was about 15% and we got 9% on the 2005 one.
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17-04-2007, 07:40 PM
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3/4motorsport
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Ride: VT S1 Acclaim V6/ VS SII Acclaim V6
Join Date: Jan 2007
Location: Just right of the redline
Posts: 92
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Quote:
Originally Posted by MikesVT
Oh!! by the way...
Does anyone know how to work out the market value of a car?
They dont use redbook do they? :| because if they do... I'm stuffed |
Was it insured for market or agreed value?
I think if it is market value then they will only give you what the redbook says. This is what they consider when you take your policy out in the first place, it is their guide among other things as to how much you pay in premiums.
Its always best to choose agreed value and bump it up a few grand, you will pay slightly higher premiums but if you stack it you are better off.
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17-04-2007, 07:42 PM
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gone 4 a while
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Ride: Blown VT Calais 355 + AU XR6
Join Date: Mar 2004
Location: Hawkesbury, NSW
Posts: 1,461
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Wait it out mate it will cost you more in the long run. With loans u need to read the fine print because most finance companies charge ridicululous amounts for paying your loan out early.
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17-04-2007, 07:42 PM
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M&M =D
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Ride: Nothing :'(
Join Date: May 2006
Location: Melbourne
Posts: 828
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That motor finance wizard is intrest free... but only on their range of cars... and there none there that im interested in...
I suppose I just needed to hear it
Thanks guys, looks like I'll be waiting...
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But wait... There's more!!
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[SIGPIC]C:\Documents and Settings\Michael\My Documents\My Pictures\First car\STA60016.JPG[/SIGPIC]
VT Calais II... The Italian Stallion
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