hi :]

[Inkar]

Gday everyone
Im considering getting a finance on a commodore in the near future maybe in a few months, after i settle in my new apprenticeship. So i just wanted to know if theres any 1st yr apprentices that got their ride on a loan and how they wer coping with the costs.
cheers

[Troy711]

work hard, pick up cash jobs and weekend work if posible and lease not loan.

[stocky]

work hard, pick up cash jobs and weekend work if posible and lease not loan.

yeah. save money for years and buy a cheap **** car for your first car. to hell with finance

[vlv8vic]

avoid finance. save like mad and buy a cheap car. Only lose with loans.

[Inkar]

i already got a 96 magna but i want something new, i was looking at auto trader n u can pick up vx for $50 a week, that doesnt seem 2 bad

[natas.308]

DONT GET FINANCE TILL YOU CAN DRIVE, buy a cheapo vl/vk that u can spin scratch dent bounce of gutters etc....damn, wish i got that advice

[Inkar]

DONT GET FINANCE TILL YOU CAN DRIVE, buy a cheapo vl/vk that u can spin scratch dent bounce of gutters etc....damn, wish i got that advice

lol, im on my second car and so far i havent had any accidents so i guess im a reasonable driver :P, i just want to move on from my magna and get a decent car

[VNexecutive]

loans arent that bad, but the interest can be bad. you do pay alot more obviously because of the interest.. but with a long term loan it isnt much per week.. well that is depending how much the loan your looking at is..

all depends of you want to be in debt or not. if i had the option again id choose not to be

[Troy711]

what sort of commodore are you looking at getting? and what apprenticship are you doing?

[Inkar]

what sort of commodore are you looking at getting? and what apprenticship are you doing?

probably a vt, vx s pack, im starting my fitter n turner apprenticeship on monday, il find out then how much i get paid then that would make it a bit easier to make a dicision, most of my TAFE mates that are doing the same thing get paid $400 after tax as a 1st yr apprentice

[Astranomical]

Personally, if I were you, I'd just stick with the Magna...it might not be a Commo, but its still a decent, serviceable (?), reliable (?) car. if it is still a perfectly serviceable and reliable car, I'd just hang onto it and save up for a Commo. IMHO, loans are only really good if you really need something straight away (note I said NEED, not WANT), that you cannot do without. Saving up might suck, yes, and it might take a long time, yes, but at least then, once you have it, its yours, you are under no further obligation to pay any more than the purchase price/on road costs, its yours, and nobody can take it away from you.

[Troy711]

i tend to agree with everyone else. save your money and buy something better when you can afford it. dont be one of these fools who finances everything (wheels, stereo, lowered and so forth) and be stuck in an endless cycle of bad debt.

my girlfriends brother is a 2nd year apprentice glazer. he wanted a decent car as soon as he started but has so far held off. in the next few weeks he is going buy a car and his budget is 20K cash cos he saved his arse off.

[Inkar]

thnx for the advice
appreciated

[PaRaDoX]

all solved GET A VL, and a dose pipe!

a car is best when you can stand back and say i own this... not the bank :P

chances are 1st year, you'll get **** all, if you cant make a payment, or 2 they can and will come for your ride!

[rch-13z]

FYI from banks perspective...

If you under 21 the banks will only give 13k max and all also they have strict lending criteria, most apprecentices i have taken applications for before get declined due to not meeting affordability....

[PaRaDoX]

and so they should.... i get paid 5x more than my apprentice mates and i find it hard enough to live out of home...

money sucks! especially when you own a v8 :P its gone before you know it!. .. gulp gulp gulp gulp gulp broom *skid* $$$$$$$$$$$$

[Void]

when i was 2nd year apprentice i got a loan of $15g easy then sold that and bought another car for $12 g then bought my commo $13g
and iam only a 4th year apprentice ( signed off 11months early) so now im a full tech ive got a excellent credit history already in place and iam only 21 ( never missed a repayment).......... Next iam going for my own house
But mind you i dont go out every night spending $$$$ money like its water.
I Buy what i want when i want it. One thing at a time in my budget but iam all ways upgrading so in the event i ever want to sell anything its not going to loose value.
And i look at some fo the people from my old high school who whent out spouting their big mouth " Iam going to go to uni and get a real job and earn big money". there still in uni driving around in a clapped out corona lucky if they have $100 in their bank bust their ass with study and all the stress and still not earning any money after 5 years of uni and when they come out for uni they will be about 26 same corona car, a massive uni debt no credit history and the uni course they studied means jack **** and its probably obsolete .

Trade? or Uni?
Glad i picked a trade

If ya doing finance do it through ya local bank stick with them dont go to there "in house car loans" cos they are crap and you will end up spending 4g more then what the car is worth

[wrx884]

I got a loan 4 $9000 at the start of my 2nd year had an old 88 magna tried 2 kill it but it just wouldnt die but i didnt wanna take the chance on it incase it did lol so i got a loan and got the VT only payed $57 a week on it over 7 years got 2 years left on it i can easily pay it off now but not bothering im using that money elsewhere tho now i can say even tho i ended up spending more on it, it was never a hassle 2 repay it along with other bills and goin out most weekends specially in 2nd n 3rd year appr only gettin 230-300pw.

[andyman]

your lucky you got fitter and machinist, its pretty good money, id expect around 400pw a/tax first year,

save your money and dont get a loan, i saved and bought a late 05 vz wagon 6 months into my first year which was last year, and its the best feeling no owing money to someone,

keep the magna while saving, it took me 6 months to save 18,000 working 2 jobs and cashy jobs

[VNexecutive]

and so they should.... i get paid 5x more than my apprentice mates and i find it hard enough to live out of home...

money sucks! especially when you own a v8 :P its gone before you know it!. .. gulp gulp gulp gulp gulp broom *skid* $$$$$$$$$$$$

your not wrong. im not moving out of home till im on good wages (ie trade qualified wages), and i have a second car to drive hahah.

v8s are fantastic things ey.