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Thread: Need opinions/advice on a loan

  1. #1
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    Default Need opinions/advice on a loan

    Gday guys

    I'm 19, structural landscaping subbie and I have only been doing it for 6 months. I'm after a loan to get a ute (after a 90's Hilux 4x4) as I want a 4by for weekend fun, as well as a diesel for towing gear around at work... Aswell as a tax write off.

    I've rang up the bank on my only day off in the last 5 months and they said I can't get a personal loan as I haven't been "self employed" for the last 2 years so I'd have to get a business equipment loan. But they said the ute i'm after is too old and I'd have no chance of getting a 2003-2004 ute for $10,000

    How do I get a business loan, but not let them know it's for an older ute?

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    Quote Originally Posted by KingDiamond View Post
    Gday guys

    I'm 19, structural landscaping subbie and I have only been doing it for 6 months. I'm after a loan to get a ute (after a 90's Hilux 4x4) as I want a 4by for weekend fun, as well as a diesel for towing gear around at work... Aswell as a tax write off.

    I've rang up the bank on my only day off in the last 5 months and they said I can't get a personal loan as I haven't been "self employed" for the last 2 years so I'd have to get a business equipment loan. But they said the ute i'm after is too old and I'd have no chance of getting a 2003-2004 ute for $10,000

    How do I get a business loan, but not let them know it's for an older ute?
    So you want to fraudulently gain money from a bank?
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    Quote Originally Posted by minux View Post
    So you want to fraudulently gain money from a bank?
    Doe'sn't everyone? It's the getting caught part that's the problem! lol

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    Quote Originally Posted by Troy711 View Post
    lease it...
    No can do, car has to be less than a certain age by the end of the lease.

    To lease a 2004 model car would mean you could only have it for maximum 3 years. Possibly 2.
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    i was under the impression that the car could be no more then 3 yers old at the time of the lease and the term could still be 5 years. or that was the case with one of my work mates.

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    At the end of the lease it cannot be more than eight years old. Leasing it would be a lot better idea.
    <davy> remember when braveheart came out and everyone said you can't have mel gibson playing a scottish guy cuz it wont be realistic?
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    so you can lease a 3 year old car over a 5 year term

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