Loan

[Pete SS]

1. and soon to be opening up my own business

That's the bit that worries me, it's not the best climate to be starting a new business in.

Anyway, if you can afford the loan and the running costs, go for it. Just make sure you pick a good one because parts and labour isn't cheap. The VY's are now getting to an age where things need replacing and it can cost, big time!

:driving: V8s FTW!

 

[coolvxss]

When i was 17 i got a $4500 loan. but had to get dad to take out the loan. Its no where near what your borrowing but i could only afford to pay off $4500 because i was still in school and some weeks i would earn under $100. But i managed and don't regret it one bit. I got the car i wanted, and didnt have to wait a year to save.

I borrowed $13,000 a month ago for my vx ss, the min payments are around $250 a month and im loving it in the ss

I figure there is no point saving my ass off for ages to get my car, id rather just pay the interest, and car payments, and still have money left over to party on weekends. and best of all, Have my new car right away without waiting But thats just me.

 

[Tatiana]

This kid is dreaming. He won't get finance at 17 unless the parents go guarantor, and if his parents are insuring the car in their name, they would have to nominate him as a driver. One of the questions asked is how often he drives the car. To keep the cost down they have to lie and say he will only drive it on odd occasions, such as to the shop once in a blue moon. Of course the second he is involved in an accident the insurance company will be onto it like a fly on pooh.

 

[coolvxss]

This kid is dreaming. He won't get finance at 17 unless the parents go guarantor, and if his parents are insuring the car in their name, they would have to nominate him as a driver. One of the questions asked is how often he drives the car. To keep the cost down they have to lie and say he will only drive it on odd occasions, such as to the shop once in a blue moon. Of course the second he is involved in an accident the insurance company will be onto it like a fly on pooh.

My x girlfriend rode off her car when she just turned 18. her car was in her dads name, and she was listed as a driver once in a blue moon. she got paid out fully. nearly 8g for a piece of **** pulsar that she only paid 5g for. And her car had pink seat covers, flower stickers, i even bought her a love heart exhaust tip haha. Dono how they thought it was still her dads car.

 

[danja]

Don't listen to these fools with their common sense and experience.

YOU are 17, and definitely have the world all figured out. I can tell you have though this plan through carefully, from all angles - you have nothing to worry about.

Follow your heart and get the car of your dreams, don't listen to banks with their wishy-washy "co-signer" crap, they are just playing hard ball. You need to make an appointment to see a financial adviser, then get in there and just lay it on the line - you say "I would like a $15,000 loan please sir, I have no security or credit history to speak of, but I do REALLY want this car" then he'll say some bullshit like "We can't give you a loan on that basis" and then what you do (this is the secret) you lean over the desk, grab him by the tie and say "I'm 17 mother****er! I know the game, you pick up your little pen there and you draw a game of hang-man on the table; if I win you give me that loan, if you win I'll give you THREE bits of driftwood and a pair of lesbian gerbils and you'll never hear from me again". Then sit back and watch him retreat like a smacked puppy.

Trust me :thumbsup:

 

[Lumps of cheese]

Don't listen to these fools with their common sense and experience.

YOU are 17, and definitely have the world all figured out. I can tell you have though this plan through carefully, from all angles - you have nothing to worry about.

Follow your heart and get the car of your dreams, don't listen to banks with their wishy-washy "co-signer" crap, they are just playing hard ball. You need to make an appointment to see a financial adviser, then get in there and just lay it on the line - you say "I would like a $15,000 loan please sir, I have no security or credit history to speak of, but I do REALLY want this car" then he'll say some bullshit like "We can't give you a loan on that basis" and then what you do (this is the secret) you lean over the desk, grab him by the tie and say "I'm 17 mother****er! I know the game, you pick up your little pen there and you draw a game of hang-man on the table; if I win you give me that loan, if you win I'll give you THREE bits of driftwood and a pair of lesbian gerbils and you'll never hear from me again". Then sit back and watch him retreat like a smacked puppy.

Trust me :thumbsup:

Seriously, i'd just think this **** over before you dive head first into debt. Better off taking your time and saving a bit up first, just my opinion.

 

[minux]

This kid is dreaming. He won't get finance at 17 unless the parents go guarantor.

His parents must get the loan, they cannot co-sign a 17 year old...

 

[Tatiana]

TEENAGERS!
Tired of Being Hassled
by Your Stupid Parents?
ACT NOW
Move Out, Get a Job,

Pay Your Own Bills . . .

While You Still Know

EVERYTHING!

 

[Dayvo]

This kid is dreaming. He won't get finance at 17 unless the parents go guarantor, and if his parents are insuring the car in their name, they would have to nominate him as a driver. One of the questions asked is how often he drives the car. To keep the cost down they have to lie and say he will only drive it on odd occasions, such as to the shop once in a blue moon. Of course the second he is involved in an accident the insurance company will be onto it like a fly on pooh.

So what happens further down the track when he wants to get the car insured in his own name . He will have no Insurance history so he will still be paying top dollar for the first couple of years till he gets a rating . Both my kids bought cheap 4 bangers for their first cars . Their insurance was cheaper and when the got a few years experience behind them they bought newer cars and their insurance was lower due to their no claim history.

 

[HamaTime™]

Possibly the worst idea ever...being a lawyer/financial planner in training....I would say that it is a very risky plan...

my advice: Don't do it...save up the money

your still young...don't f*ck up the next 10 years of your life