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Author Topic: Money advice  (Read 905 times)

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Toby

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Money advice
« on: 10 September 2009, 00:11:38 »

Ok, I'm fed up with having cars that need stuff doing to them but even if I manage to sell the Omegas that I have (which seems highly unlikely) I still won't have enough to buy something decent.

I want something that needs no work, was thinking along the lines of a facelift 3.0 or 3.2. Or something V8. Also taken a fancy to the Legnum VR-4. Unless anyone has any other suggestions?

My question is this...What is the best way of raising money for a decent car? I'm not entirely sure how much I'm thinking of at the moment but having never had a loan in my life (still not keen on the idea - I pride myself on being debt free but crap cars only end up costing me more in the long run) I don't know the ins and outs and what options I have available to me?

So, any advice would be greatly appreciated.
« Last Edit: 10 September 2009, 00:12:58 by Toby »
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Stevie-blunder

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Re: Money advice
« Reply #1 on: 10 September 2009, 00:29:27 »

Buy a lottery ticket, preferably a winning one  :y
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Vamps

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Re: Money advice
« Reply #2 on: 10 September 2009, 00:31:13 »

Quote
]Buy a lottery ticket, preferably a winning one  :y[/highlight]

Noooooo, that one is mine..... :D :D :D
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Welung666

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Re: Money advice
« Reply #3 on: 10 September 2009, 05:54:26 »

Try your local councils'credit union. My local one does realy low rate loans and the repayments are very reasonable, re-payments are taken straight from your wages so you can guarantee it's paid each month :y
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Elite Pete

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Re: Money advice
« Reply #4 on: 10 September 2009, 08:32:21 »

Quote
Ok, I'm fed up with having cars that need stuff doing to them but even if I manage to sell the Omegas that I have (which seems highly unlikely) I still won't have enough to buy something decent.

I want something that needs no work, was thinking along the lines of a facelift 3.0 or 3.2. Or something V8. Also taken a fancy to the Legnum VR-4. Unless anyone has any other suggestions?

My question is this...What is the best way of raising money for a decent car? I'm not entirely sure how much I'm thinking of at the moment but having never had a loan in my life (still not keen on the idea - I pride myself on being debt free but crap cars only end up costing me more in the long run) I don't know the ins and outs and what options I have available to me?

So, any advice would be greatly appreciated.
Both the above cars are expensive to run if you can't do the repairs yourself. If I was you I would get myself small cheap run around and start saving.
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kris

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Re: Money advice
« Reply #5 on: 10 September 2009, 09:00:23 »

Quote
Quote
Ok, I'm fed up with having cars that need stuff doing to them but even if I manage to sell the Omegas that I have (which seems highly unlikely) I still won't have enough to buy something decent.

I want something that needs no work, was thinking along the lines of a facelift 3.0 or 3.2. Or something V8. Also taken a fancy to the Legnum VR-4. Unless anyone has any other suggestions?

My question is this...What is the best way of raising money for a decent car? I'm not entirely sure how much I'm thinking of at the moment but having never had a loan in my life (still not keen on the idea - I pride myself on being debt free but crap cars only end up costing me more in the long run) I don't know the ins and outs and what options I have available to me?

So, any advice would be greatly appreciated.
Both the above cars are expensive to run if you can't do the repairs yourself. If I was you I would get myself small cheap run around and start saving.


definatley the way to go. much better than getting a loan. to easy to miss a payment or 2, and it just gets worse from there.  :y :y
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Toby

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Re: Money advice
« Reply #6 on: 10 September 2009, 12:16:46 »

Thing is I can afford to run large cars with what I get paid each month with no problem, its just that initial outlay to buy something decent. I can do repairs myself if I really knuckle down to it and I always used to no problems, but due to various circumstances I have no motivation to at the moment, really takes a lot for me to do it.

I think the problem lies with having cars that need LOADS doing to sort them. If a car need one or two small things sorting on purchase and then general maintainence from there on I could do it.

Ever since I had my first car I cannot stand small cars. Yes they may be cheap to run but I have no room, am uncomfortable in them and find them unsuitable for motorway driving which I do a fair bit of.

As I say, I'm not even sure I will go down the loan route yet. Just sounding out opinions to the idea.
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TheBoy

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Re: Money advice
« Reply #7 on: 10 September 2009, 12:25:05 »

Quote
Thing is I can afford to run large cars with what I get paid each month with no problem, its just that initial outlay to buy something decent. I can do repairs myself if I really knuckle down to it and I always used to no problems, but due to various circumstances I have no motivation to at the moment, really takes a lot for me to do it.

I think the problem lies with having cars that need LOADS doing to sort them. If a car need one or two small things sorting on purchase and then general maintainence from there on I could do it.

Ever since I had my first car I cannot stand small cars. Yes they may be cheap to run but I have no room, am uncomfortable in them and find them unsuitable for motorway driving which I do a fair bit of.

As I say, I'm not even sure I will go down the loan route yet. Just sounding out opinions to the idea.
All cars need an amount of preventative maintenence to keep them reliable and trouble free.  If you start getting into the realms of reactive maintenence, then thats a sure sign of poor preventative maintenence, and ends up costing loads more in the long run, as well as inconvenience when it lets you down.
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Toby

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Re: Money advice
« Reply #8 on: 10 September 2009, 12:29:01 »

Quote
All cars need an amount of preventative maintenence to keep them reliable and trouble free.  If you start getting into the realms of reactive maintenence, then thats a sure sign of poor preventative maintenence, and ends up costing loads more in the long run, as well as inconvenience when it lets you down.

That is the problem. Most the cars I have had (especially these Omegas) have required reactive maintainence on purchase, I think thats normal for the kind of money I've been paying for cars. It then builds up and you keep finding things wrong until it all gets too much.

I would have no problem with preventative maintainence because at least it wouldn't mean I would be out on the car every bit of free time I had just to sort it out. I could enjoy it in between.
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tmx

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Re: Money advice
« Reply #9 on: 10 September 2009, 13:05:24 »

i sold my omega in July and saved up in august at the end of august i bought a BMW 740i in Individual purple its done 88k and cost me £2500 its truely an awesome machine to own its well made etc handles better than an omega due to the BMW 50:50 weight distrobution but it hasnt come without its problems ie new rad & Inspection 2 now due  >:(

i enjoyed my omega theyre very well made and my'n never broke down i usually try to fix things as sone as theyre noticed instead of waiting till they fail

Omega's dont suffer with the same problems as big Beemers or mercs and theyre a damn sight cheaper for parts if you have Trade club! most of the omega faults are reasonable to do DIY Cam Covers wishbones Track rods etc
« Last Edit: 10 September 2009, 13:07:33 by tmx »
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tunnie

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Re: Money advice
« Reply #10 on: 10 September 2009, 13:57:25 »

get a bike, V8 performance with diesel running costs
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TheBoy

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Re: Money advice
« Reply #11 on: 10 September 2009, 17:19:08 »

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get a bike, V8 performance with diesel running costs
Errr, you mean supercar performance.

Hardly practical though - I notice you don't use your bike much ;)
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Banjax

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Re: Money advice
« Reply #12 on: 10 September 2009, 20:05:25 »

if you're buying a Legnum - please. please promise you'll buy a manual one - the auto box is well dodgy - even on low milers - i had a gorgeous galant that was scrapped as the autobox went  :'(

Absolutely beautiful estate tho - especially in black - it's like the devils station wagon  :y
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50 bucks!?! For 50 bucks I'd put my face in their soup and blow!!

Vamps

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Re: Money advice
« Reply #13 on: 10 September 2009, 22:25:07 »

Quote
if you're buying a Legnum - please. please promise you'll buy a manual one - the auto box is well dodgy - even on low milers - i had a gorgeous galant that was scrapped as the autobox went  :'(

Absolutely beautiful estate tho - especially in black - it's like the devils station wagon  :y

Keep waiting for our to go ::) 140000 miles and still drives as new, can't get swmbo out of it and into the Omega sitting on the drive :-X
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