Under 18 Car Loan

[blowski]

Can i get a loan personal or auto or any loan if i am under 18? I have a $8000 boat as an asset, i have $15000 saved up i just need a $15000 loan to get a vy ss... Anybody had any experiance or know of anyone with an under 18 years of age loan...??? HELP

[Hados]

I'm pretty sure that most major lenders will not let you borrow under the age of 18... In South Australia you are not legally allowed to sign a contract to buy a vehicle if you are under 18. How long until you turn 18?

BTW, you don't have to say if you don't want... but how does a 17 year old have $15000 saved up AND have an $8000 boat? What do you do for a crust?

[jaykay]

Can i get a loan personal or auto or any loan if i am under 18? I have a $8000 boat as an asset, i have $15000 saved up i just need a $15000 loan to get a vy ss... Anybody had any experiance or know of anyone with an under 18 years of age loan...??? HELP
You'll have to get your parents to go guarantor for you. Shouldn't be a problem with the deposit you have too....

[llucie]

Just remember that the insurance for an 18yo with an SS will also be about 15k - that's if you can find an insurer who is willing to cover you .

[SSBarney]

Can i get a loan personal or auto or any loan if i am under 18? I have a $8000 boat as an asset, i have $15000 saved up i just need a $15000 loan to get a vy ss... Anybody had any experiance or know of anyone with an under 18 years of age loan...??? HELP

No Hope.:yup:

[Cainer]

Just remember that the insurance for an 18yo with an SS will also be about 15k - that's if you can find an insurer who is willing to cover you .


I bought a VY SS when i was 19 and the insurnace was $2,150 on a rating 5 (never had insurance before).


You will need to get someone to go guarantor, your best bet is yoru parents. Although with $15k in the bank, it would be worth trying without them.

Just give the bank a call on the phone and tell them your situation, make sure you tell them the money you have saved and a overall figure of asset worth.

[planetdavo]

Will power to weight laws allow you to buy this?
Many states I'm sure wont....
You probably wont like this answer, but you may be better getting something less desirable for a couple of years, as whether you think you will or wont, there is a VERY HIGH chance of an inexperienced driver ending up with a wrecked SS. We see it every week in the trade with near new expensive cars. A cheaper, less expensive car will still have a fair chance of an accident, but far less loss of money and probable causes like showing off for the mates.
Said you might not like it, but from experience, something you SHOULD consider.....

[Cainer]

Will power to weight laws allow you to buy this?
Many states I'm sure wont....
You probably wont like this answer, but you may be better getting something less desirable for a couple of years, as whether you think you will or wont, there is a VERY HIGH chance of an inexperienced driver ending up with a wrecked SS. We see it every week in the trade with near new expensive cars. A cheaper, less expensive car will still have a fair chance of an accident, but far less loss of money and probable causes like showing off for the mates.
Said you might not like it, but from experience, something you SHOULD consider.....

Aaaah good point i forgot about the new laws. id check with yoru state DOT before buying anything.

[Y2kGoofball]

I had a hard time getting insurance, put bluntly its only just affordable for me on a VX Executive, then again I am also on bugger all wages which doesnt help

Then again who wants to pay $2 150 per year for insurance? I'd rather put that money in the bank then once I'm 25 and insurance is cheap enough put it towards a Clubsport, or mods for an SS

[spikeyboy22]

I work in banking and I am a lender, and you have to be 18 years of age to get a loan it is law..... putting a parent on as a guarantor would not mean a thing as you are still a 17 yo getting a loan... the only way would is your parents getting a loan in there name with nothing to do with you .... it is code banking code of conduct & code of practice

No bank or credit union would do it but I am sure there still is some small back yard job will break the law to do it

[SSBarney]

I work in banking and I am a lender, and you have to be 18 years of age to get a loan it is law..... putting a parent on as a guarantor would not mean a thing as you are still a 17 yo getting a loan... the only way would is your parents getting a loan in there name with nothing to do with you .... it is code banking code of conduct & code of practice

No bank or credit union would do it but I am sure there still is some small back yard job will break the law to do it
Exactly, as I said no hope.
Their probably doing u a favour anyway.

[vyssbeast]

insurance should only be about 2K ... power:weight is a minor expense when you can afford such a car... do abit of research first before you put all your money down.

[pah]

One thing you probably ought to think about . . .

If you're gonna have a smash, it'll probably be in your first few years of driving. Most of us learn from our mistakes. :shiner:

That's sad enough for people who are sort of trusted by insurance companies but it's dynamite for a young bloke. When your next policy after a smash falls due, you'll find that they've doubled or trebled your premium and that may make it completely un affordable!!

So you decide to run the risk of no insurance? That's a BIG risk and you may be legally compelled to insure the car depending on the type of loan you acquire. If you MUST have a late model SS for your first car, I'd avoid like the plague buying a car under HP. They are the ones who will insist on insurance irrespective of its cost. If you don't produce insurance papers, they can insure it for you and add the cost to your repayments - OUCH!!

If you're allowed to drive an LS1 in your state, how much is a VY SV8? You might be able to pick one up in the low $20 k's? Or maybe a VX SS?

I'd be doing all that I could to avoid the finance and insurance vultures. If you're able to get Credit Union finance as a personal loan, you might be able to side-step being forced to take up expensive insurance. But avoiding insurance still leaves you wide open to an expensive risk.





PAH

[Maccas]

hey blowski, you will find it virtually impossible to get a loan, i did at 18 and i was working more than full time hours, but got one in the end, but the insurance will eat u alive, i did a year in a 2.0lt camry learning my capabilties, only then would my old man let me buy a v8, and at that i only got a 5.0lt that is powerful but nothing compared to a vy ss with the 5.7lt ur better off to buy a bit of a bomb or nice v6 and go from there, i pay $1500 a year in insurance now and a vy will be double that nearly, start somewhere basic and work up to the big boys

cheers maccas

[heavychevy]

Can i get a loan personal or auto or any loan if i am under 18? I have a $8000 boat as an asset, i have $15000 saved up i just need a $15000 loan to get a vy ss... Anybody had any experiance or know of anyone with an under 18 years of age loan...??? HELP

Mate, at 18 you have your priorities wrong.... IF you have 15k in the bank. Throw insurance / fuel / mods into the mix it comes down to a depreciating liabilty that you dont have a tax angle on. Seems unwise to me.. sorry

[Belzey]

If your parents can go guarantor for you you should have no problems.

[nang3]

mate if i was in your situation i know how much you would want a hot car BUT if could go back to being 18 with hindsight and a pile of cash, i'd invest the fook out of that cash, build it up and then buy a house or something with SFA mortgage.... thats the sensible thing to do, but no one ever does that including me mwahaa

[Zombee]

Agree with Nang3 - use the cash for a deposit on a house or some investment. Seriously, you are in a great position to set yourself up real well. The nice cars will come thick and fast if you set yourself up now. Your dreaming of an SS now will become a reality to park your arse in a GTS in the future.

Seriously You wont regret it, I was in the same position as you, only a little older (23) and wanted a V8 sooooo bad, chose to invest in property instead.

Now I'm enjoying the benefits of the hard yards....:):):):)

Cheers
Zombee:)

[jerrel]

dont listen to them!
we need more young ppl driving good cars!

[YIIR8]

Agree with Nang3 - use the cash for a deposit on a house or some investment. Seriously, you are in a great position to set yourself up real well. The nice cars will come thick and fast if you set yourself up now. Your dreaming of an SS now will become a reality to park your arse in a GTS in the future.

Seriously You wont regret it, I was in the same position as you, only a little older (23) and wanted a V8 sooooo bad, chose to invest in property instead.

Now I'm enjoying the benefits of the hard yards....:):):):)

Cheers
Zombee:)

Zombee is spot on !!!!
Give ya self an uppercut, fark buying a car with that $$$ mate, buy a house/property and watch your $$$ appreciate. few yrs time, buy whatever car ya want :thumbsup:

PS: (wish I would of taken my own advice years ago):hide:

[VZ SV8]

mate, i was exactly where you are a few years ago, had some cash and wanted a nice V8, and i got it.

well i sold it last year but still have $12K still to pay to the bank and nothing to show for it.

and i also have another loan for the new car because i needed a car.

honestly mate, dont get into my situation. i really wish now that i had put that money into house or invested in shares or something, because now i am in debt for another 4 years. then i will be able to start saving.

cars dont make money, they cost alot, you have to think about car repayments, insurance, fuel, maintenance. these are huge bills, and if you have an acco, or break something, (it will happen, never say it wont) where will you find the money for repairs.

my rego costs nearly $1000 a year. thats another bill that gets thrown into your lap.

get a cheap v6 commodore, dont do any mods to it, learn how a RWD car behaves, (we arent all peter brock even though we think we are) because you more then likely WILL have an acco. but if your going to screw up, do it in a car that wont cost you much.

you have heard alot of people give their point of view. balls in your court now.

but remember, V8 commodores will be around for a while. dont think you have to get one now. you might like the VE and wished you had got that instead. or see someone elses car and think it looks better and have second thoughts about the car you bought.

your only young, dont make the same mistake i made and have lots of debt and not much to show for it.

tell us how you go.

dave

[hsv1413]

Just remember that the insurance for an 18yo with an SS will also be about 15k - that's if you can find an insurer who is willing to cover you .

And the coppers will love seeing an SS with P plates on it.
High powered vehicle for a P plater.

[blowski]

Insurance Quote is $2700

I guess im going to go see the bank then, as for the person that asked how i have that much money saved, i work as a duty manager at target country over the w.e. and cos im a casual the rate is through the roof. Secondly i own n run my own buisness, and if i by a VY SS for $30000 i will have the loan paid in abour 8 months that would look pritty good for a larger loan right? I figure go the nice car, pay it off, get a great credit rating hit up the bank for a house loan.

As for V8/Power to weight ratios, nothing like that exists in W.A... Well not up here in the kimberlys any ways... The cops might love following, but hey theres about 25 p platers in town here, so they crawl on your asses any way... Me mate drives a excel with a cannon (seriously its not that loud) he gets pulled over n done for to louder exhust... Wonder what they will do when they here a VY SS, 3.5" sureflow system at 5500rpm? Has anyboy here actually got a loan under 18? Surely you must be able to what about people that live away from home and need cash?

[heavychevy]

Hey ..O.K. a weekend duty manager at Target. :bravo:

I've changed my mind, go the SS bloke.

[throttlehappy]

Insurance Quote is $2700

I guess im going to go see the bank then, as for the person that asked how i have that much money saved, i work as a duty manager at target country over the w.e. and cos im a casual the rate is through the roof. Secondly i own n run my own buisness, and if i by a VY SS for $30000 i will have the loan paid in abour 8 months that would look pritty good for a larger loan right? I figure go the nice car, pay it off, get a great credit rating hit up the bank for a house loan.

As for V8/Power to weight ratios, nothing like that exists in W.A... Well not up here in the kimberlys any ways... The cops might love following, but hey theres about 25 p platers in town here, so they crawl on your asses any way... Me mate drives a excel with a cannon (seriously its not that loud) he gets pulled over n done for to louder exhust... Wonder what they will do when they here a VY SS, 3.5" sureflow system at 5500rpm? Has anyboy here actually got a loan under 18? Surely you must be able to what about people that live away from home and need cash?

man, you must of worked alot of w/e's to have 15k and an 8 grand boat
what age did you start working, 12?
what business do you run?
i agree with what some of the guys have said in regards to buying a nice 6
thats what i did. i saved the money and bought my vr outright
i now have 10 saved and working as a subby that goes up a fair bit each week :D
its hard i know but think about it, most of the guys getting around in ss's or clubbys are upto there ears in debt. your not
having said that though i cant wait for my vx ss
i keep putting it off though :doh:

[jerrel]

u remind me alot about my self. im in kinda the same situation, i need to borrow $13,000 to pay off my car (i already have the car tho, just gotta pay dad back) and in 1 month wen im 18 im getting trained to be a weekend duty manager at safeway.

u have worked hard (like me) to save $15,000 to put towards a car, now reward your self by getting the car YOU want.

seriously, buy the car, you wont regret it.

[nang3]

Zombee is spot on !!!!
Give ya self an uppercut, fark buying a car with that $$$ mate, buy a house/property and watch your $$$ appreciate. few yrs time, buy whatever car ya want :thumbsup:

PS: (wish I would of taken my own advice years ago):hide:

Same here, every year when i see house values i think "damn i wish id bought a rental" last year.. 2.5 years ago, one place i was going to pay $155k for as a rental is now for sale for $350-380k and had had nothing done to it, still a crapbox.. if i'd bought it, would have only cost me an extra grand a month minus about 600-700 rent and now i could sell it and cut my own mortgage by 60%.. but instead i bought a 350z, and now a typhoon !! what a stupid mofo !!

[blowski]

I started at 13 so i broke the law there but being a small town no1 cared ya know. My boss is pritty lazys so i average about 21 hours dm a week not just the weekends. Ontop of that iv ernt like 21 grand this financial year and thats from duty manageing so that gives a rough idea of what iv done, mind you im only a casual. And i work my own wholesale buisness

[Hados]

what sort of stuff do you wholesale? You seem pretty switched on to own your own business at 17.

[blowski]

Anything anybody in town wants... Anything from deoderant to Motobikes... If i dont have it i get it in... Living in a town with a population of about 7000 is good theres no compitition. In the turist season i get 200 34cm tvs come the end of the 8 weeks there gone... Its actually pritty bad when you work for target and you are takeing there buisness from them. Just today i had a community out of town buy 4 quad bikes off me $3000 each... Cost me about 1000 not even that...

[Infinite]

got sum mad business skills...respect that....def. buy tha car u want..but always keep a few grand spare..gonna want 2 buy a house/apartment eventually.

Cheers,
Infinite

[blowski]

So i gather nobody has got a loan that is under 18 in here....????

[LS1kid]

And the coppers will love seeing an SS with P plates on it.
High powered vehicle for a P plater.

gday
i bought a VY SS just as i turned 19, although i live in WA. you should consider a few things such as what the other fellas are saying. its true believe me.

insurance is through the roof if you can get it-i only got it as i work away and only drive the car for one week after ever two, and insurance was thru my parents no claim.

cop bait- i used to get pulled over nearly once a week (when in perth or going to tech). "random license checks" but they always seemed to go to the rear treads first port of call followed by the engine bay..funny that.

dont wanna ruin ur fun or anything but its true and sucks balls. these boys are 100% correct

[blowski]

Cant you tell the cop to take a leap if he asks to check out ur car or under the bonnet. As far as i know they cant check it out inless they suspect you have drugs or a weapon... "Can i check under your hood Mr. P Plater, not beacuse i belive u have a illigal part but beacuse you are packing a packet of mull in your pod filter" HAHAHAHA:rofl:

[Satansfist]

That's the thing, the police don't need to justify a search to you, only their bosses if there's a complaint. So when the question is asked they can easily state they suspected there was concealed contraband in the car and a search was warranted...they can take you back to the station and have a rummage in your ring if they feel like the effort!:confused:

Good luck with the finances by the way...you're only young once so enjoy it!

[blowski]

I do understand the fact these are powerful cars but, in some cases the power of your car may be what saves a semi trailer from running into... Secondly i dont condone speeding but im sure a SS would be much safer at 160km than a Excel or a standard commodore/falcon. These cars are built for speed, and have the saftey to match, if you hit the skids in a ss vs. a executive im pritty sure the ss will break better beacuse of the huge break pads.... Cars dont kill people, neither to guns people kill people, lets face it even a trolly from coles is a lethal weapon when its doing 40ks down a hill.... Id rather be in a ss, than a standard commy. Not cos of the engine, the power but the saftey.... But dont get me wrong.... Theres a statement a P-Plater makes driving a VY SS ;)

[VT-099]

I'd say go for it Blowski. I'm 21 and in a similar position myself where everyone is saying the same thing, "put the cash towards a house".

I figure each year I'll be earning more and more (I'm currently in the area of 60k), and what's an extra year or two on a 15 year mortgage anyways.

I thought I'd go for a HSV GTO that way I'd be less inclined to spend what ever money I had left on upgrading a CV8.

Do what ever makes you happy!

[Zombee]

i dont condone speeding but im sure a SS would be much safer at 160km than a Excel or a standard commodore/falcon

I would have thought that the SS, indeed any HSV or special commodore is no more safer than a stock commodore/falcon in an accident. I think as you say, the brakes are a bit better in the SS over a stock commodore, but not by much. I wouldn't be buying an SS or HSV cause I think it's safer than a stock commodore.

Granted they are safer than an Excel.....

Cheers
Zombee:)

[blowski]

LOL... Yeah an excel doing 160k is not a pritty sight things start to rattle and sound funny, must be those cheap assssss 5 inch cannons comming lose... I still would feel more confident in a VYSS than a commy standard. I drove my grandfathers xr6t with the aps phase 3 kit and it was a dream it does the quater in 11.4 and its nice.... I tell u driving in the NT doing a 2 km stint at 200kph felt alot more controled than doing 120 in my dads executiove

[Miss_VT99]

if your under 18 i dont think u can get a load... i got my first loan as soon as i turned 18 and was able to pay that off as i sold my vn ss but then i got a vtII and still paying it off with 3 years left... you gotta ask yourself do u want to be in debt for a while... why not just spend the $15k u already have saved up on another car u can afford

[jerrel]

why not just spend the $15k u already

because 15k will get you crap all, in terms of a good car
if you want a nice car you got to spend big bucks

[Speedie]

Why don't you wait another 8 months if that all its going to take to pay it off?
Invest in property and buy a shit box don't look as good bit still gets you from a to b and you wont mind putting a few sratches on it.

[Peter B - CV8]

So i gather nobody has got a loan that is under 18 in here....????
If you are under 18 years of age - then you are legally unable to enter into a loan contract. However, loans can be done for "minors". It will necessitate having someone , over the age of 18 (usually a parent etc) to act as guarantor/co-borrower.

[seldo]

Will power to weight laws allow you to buy this?
Many states I'm sure wont....
You probably wont like this answer, but you may be better getting something less desirable for a couple of years, as whether you think you will or wont, there is a VERY HIGH chance of an inexperienced driver ending up with a wrecked SS. We see it every week in the trade with near new expensive cars. A cheaper, less expensive car will still have a fair chance of an accident, but far less loss of money and probable causes like showing off for the mates.
Said you might not like it, but from experience, something you SHOULD consider.....
What a boring old fart you are.....
But what excellent advice. Unfortunately it is all too true. I have to agree. Sorry....but check my sig

[planetdavo]

What a boring old fart you are.....
But what excellent advice. Unfortunately it is all too true. I have to agree. Sorry....but check my sig
Yeah!!!! I bought a shite Camira!! as my first car, saved until 25 to buy a brand new VR SS, had it for eight years, then bought a brand new Monaro with cash, and am living quite comfortably these days...
It's not meant as bragging, but the reality is that waiting a bit has allowed more benefits not too much later in life.
Regarding the "credit rating" answer, my contacts in credit tell me that it's not so important the amount you borrow, just how you do it. So, there is no more benefit in paying off a $5000 loan than there is a $15000 loan, if you want to buy property later on. Either gives you a good credit rating. It's your earning and saving capacity that dictates the AMOUNT you can borrow in the future.
Finally, (again), the vast majority of young people have some form of accident in the first couple of years, and it's much better to have this with a more basic car than a car like the SS. That is why insurance is so savage for under 25's, as whether you (and all those other guys) think you wont, theres a fair chance you will show off at some point, and lose your license or wreck the car. The statistics support it, and that's why insurance companies don't really want to know you.....
(I probably would have loved an SS at 18 myself, but am grateful now that I couldn't afford to even consider it, as I'd be far worse off I believe right now...)

[Guzzles]

if you're after safety buy an acclaim or calais V6 and install some better brakes. cheaper to insure, too an ss doesn't really brake better than an exec being also heavier

[Vulture]

Fuggin'el, young people these days! A 5.7L SS under 18! When I were that age I had a 1978 Sigma to learn how to do burn outs (on wet grass):headbang:


they can take you back to the station and have a rummage in your ring if they feel like the effort!:confused:

Surely the only cop who'd enjoy that would be of the village people variety?

[jerrel]

buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it!!!!!

[SSBarney]

buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it buy it!!!!!

I want it now mummy, i want it now now now now now now. I'm going to scream if i dont have it right now!



F*ck me, did any one here about the spoilt kids being created lately.

[VT-099]

F*ck me did it ever occur to you that some of us are just very successful (we'll maybe not that guy) and can afford these things.

Imagine if Blowski didn't buy this car and then later in life woke up and thought to himself sh!t this just isn't where I want to be, should have bought that SS.

Give the man (and all young people) a break. He's young, let him have his fun.

Sorry if that sounds a bit off the hook, but I'm 21, have two kids, own two cars, am looking to buy a HSV GTO, and I'm so sick of being told it's a waste of money by people who in my position would probably do the same.

As you grow older you're only ever going to earn more and what's another 8 Months on a home loan anyway (yes I know, what about interest)? It's only time and considering most people live at least into their 70s we've all got a lot of it.

I've had to work for every damn thing I've got and when you pour all your money into raising a family sometimes you need to splash out and treat yourself.

Work to live, not the other way round.

P.S. Sorry if I have offended anyone, I really do appreciate the more mature points of view offered on these forums, but gross generalisations like the above post really add no value to the discussion and would be better of left in your head.

[heavychevy]

F*ck me did it ever occur to you that some of us are just very successful (we'll maybe not that guy) and can afford these things.

I've had to work for every damn thing I've got and when you pour all your money into raising a family sometimes you need to splash out and treat yourself..

At age 21 you must be 'plumb tuckered out' with all that toil. Go treat yourself!

I just got up for a wee and the wheel snapped of my walking frame.... nurse...

[planetdavo]

F*ck me did it ever occur to you that some of us are just very successful (we'll maybe not that guy) and can afford these things.
Give the man (and all young people) a break. He's young, let him have his fun.
Sorry if that sounds a bit off the hook, but I'm 21, have two kids, own two cars, am looking to buy a HSV GTO, and I'm so sick of being told it's a waste of money by people who in my position would probably do the same.
As you grow older you're only ever going to earn more and what's another 8 Months on a home loan anyway (yes I know, what about interest)? It's only time and considering most people live at least into their 70s we've all got a lot of it.
Work to live, not the other way round.

One thing you learn when you get a bit older is that having the fanciest car on the street is NOT a measure of success.
Setting yourself up early in life, if done well, can set you up to do nearly anything you want later in life, be it family, travel, buying houses, cars, boats, bikes, whatever you can afford.
EVERYONE I've ever known who's blown big money on cars when quite young are half a house behind their mates now, and that is something you will regret in 10 years, don't you worry, when the SS/HSV GTO are clapped out and you are still paying people rent, making THEM rich, not yourself....

[jerrel]

I want it now mummy, i want it now now now now now now. I'm going to scream if i dont have it right now!



F*ck me, did any one here about the spoilt kids being created lately.

SPOILT!!!!???? i have had a job since i was 14 and 9 months (the minium legal age) and have worked 20+ hours a week since then to now 17 and 11 months. dont say sh*t like im spoilt, i have worked f**ken hard to get where i am!

[Shiman]

Im 21, I have a VT GenIII Calais, a few simple mods like, exhaust, bodykit, black monaro headlights and tail-lights etc... and i have a quick car that turns heads... and being a calais I still have the 4 airbags, luxuries and safety features...

I guess my point is, if you are undecided about getting a crappy 1st car OR getting a $30k VY SS, maybe going somewhere in between is a decent option. A 5.0L or 5.7L VT or VX calais/SS will have the power, the looks and the safety without the $30k pricetag. And with a few simlpe visual mods or safety upgrades. It wont be too far behind a VY SS in features.

Reading everyones posts about saving for a house and all the important stuff is all true. I find it hard to save money because there is always something that I havent done to my car yet that I "must" have. It's stupid.. im aware.. but i know how you feel..

I don't earn that much $$$ and petrol+insurance eat you alive.
I am with Just Car Insurance (because i have quite a few cosmetic mods), am rating 4 and pay $2600p/a. But in all seriousness if you look at something like a VT SS or something, leave it dead stock.. you can insure with a normal insurer (don't need one that does modifactions) and save yourself $$$ on both insurance and on the initial purchase price...

At the end of the day the choice is yours... but there are other cars that will give you similar features to what you are after.

I have woken up to myself, cars depereciate in value horribly and although I have a nice car that I couldn't be without, I regret not saving my pennies for something more important...

Just my 2c

~Shiman~

[heavychevy]

Good post Shiman:thumbsup:

[SSBarney]

SPOILT!!!!???? i have had a job since i was 14 and 9 months (the minium legal age) and have worked 20+ hours a week since then to now 17 and 11 months. dont say sh*t like im spoilt, i have worked f**ken hard to get where i am!

Oh Ok guess u'll be taking a well earned break from your 3 years of hard labour and retiring then, u poor thing.:rolleyes:

[throttlehappy]

Oh Ok guess u'll be taking a well earned break from your 3 years of hard labour and retiring then, u poor thing.:rolleyes:

:lol:
imagine working 30 or 40 then being told to pi$$ off
somthing to look forward to i spose
crazy

[The Nurse]

Another one of those threads where everyone has to put their 2 cents in. So I better have mine. Not everyone has the same priorities in life, not everyone is in the same financial postion, so why do we lose so much sleep and get so passionate over what OTHER people are doing?

*NEWSFLASH* Owning property is not the be all and end all in life. If someone else wants to splash out their hard earned coin on a car good on them, and for you property mongers out there just think of it as one less person in the market that your competing with.

I think the most important thing in life is being happy and whatever makes you happy, then go do it

[VT-099]

I think the most important thing in life is being happy and whatever makes you happy, then go do it

Too right :teach: :merry:

[jerrel]

try working 25 hours a week and going to school for 35 hours a week plus 15 hours a week home work....

and ssbarney... no im not going to retire.. all im saying is i worked hard for everything in my life, im not spoilt. smart ass

[throttlehappy]

try working 25 hours a week and going to school for 35 hours a week plus 15 hours a week home work....

and ssbarney... no im not going to retire.. all im saying is i worked hard for everything in my life, im not spoilt. smart ass

like my old man said to me once "youve got 30 or 40 years to look forward to"
there are alot of people who work harder
think of people on minimum wage, most of them bust there a$$ just to get by and its still not enough, been there done that
not going back
school isnt really work, or it wasnt for me anyway
i just used to draw alot
thats me though

[SSBarney]

try working 25 hours a week and going to school for 35 hours a week plus 15 hours a week home work....

and ssbarney... no im not going to retire.. all im saying is i worked hard for everything in my life, im not spoilt. smart ass

The ironic thing about someone wanting finance for a car means by definition they have not yet worked for it. They would like it now and EARN it later.


By the way the spoilt thing isnt necessarily personally directed at u, but a comment on what seems to be the mindset of some people of ur age, rather than what they am/or arent given.
And to me someone that is 17 cant possibly wait till 18, so they want finance for a $30,000 car rather than a $15,000 one they can afford, is an indication of that mindset.

[planetdavo]

*NEWSFLASH* Owning property is not the be all and end all in life. If someone else wants to splash out their hard earned coin on a car good on them, and for you property mongers out there just think of it as one less person in the market that your competing with.
I think the most important thing in life is being happy and whatever makes you happy, then go do it
In MOST answers, the age of the person says which way it's responded to!!!!!! (with a couple of worthy exceptions...)
If YOUNG- F*** the old farts, blow the cash. If OLDER- save some and set yourself up.
Interesting though that generally speaking, the "younger" thinking lasts for maybe 3 years, whereas the "older" thinking lasts for 50 YEARS! How unusual......:rolleyes:

[gts071]

I have had the house and the wife... both are now gone! :)

I'm 27 and I was told by many people that I should go out and buy myself another house and start over again. Well I told everyone to go and shove it as I have wanted a HSV for the last 8 years or so and my ex never let me get one. It was always we should think if we get a family so when we got a new car we got a subaru liberty wagon but I was looking at a VT club sport :(

Well I have had my VX GTS for around 11 months and I am living back with my parents so I can pay it off faster. You only live once so I say get the car.
And RE: the loan, I got one when I was 17 but I needed my parents to co-sign the loan application.
So I don't like your chances if you are going to try and get the loan by yourself.

Good luck with the SS

[jerrel]

The ironic thing about someone wanting finance for a car means by definition they have not yet worked for it. They would like it now and EARN it later.


By the way the spoilt thing isnt necessarily personally directed at u, but a comment on what seems to be the mindset of some people of ur age, rather than what they am/or arent given.
And to me someone that is 17 cant possibly wait till 18, so they want finance for a $30,000 car rather than a $15,000 one they can afford, is an indication of that mindset.

hes the one wanting the loan, my car has no money owing on it

[VYBerlinaV8]

It's all a matter of choices. I'm not going to give you a recommendation, except to say that you need to be aware of the result of your choice. You have several options: you could get a loan and buy the $30k car, get something nice-ish for $15k, or get something for less than $10k. Have a think about what else you could do with the $$. If you still want the car, go for it, but have a good think first so you know what it is you are giving up.

I liked the post above about age influencing people's advice. I'm sort of in the middle (30 yrs old), and what I've noticed is that the older guys have had their chance to be young, and have now changed their mind about things. Why might they have done that? Again, just something to think about.:D

[Middlez]

You can get a loan if your under 18, but why not just wait till your 18, cos by then you will have it mostly ready to be paid off, so you can get your credit rating and pay it off in a jiffy.

I'm 21 and i just got a vy berlina 5.7 got it damn cheap so not complaining, but it will be interesting to see what i think of my decision in about 5 years time. I'll probably be wishing i had of saved for a house deposit instead. Oh well, you only live once.

[Middlez]

The ironic thing about someone wanting finance for a car means by definition they have not yet worked for it. They would like it now and EARN it later.


By the way the spoilt thing isnt necessarily personally directed at u, but a comment on what seems to be the mindset of some people of ur age, rather than what they am/or arent given.
And to me someone that is 17 cant possibly wait till 18, so they want finance for a $30,000 car rather than a $15,000 one they can afford, is an indication of that mindset.

Oh and sorry so let me get this right, have you ever taken a loan? To buy a car? To buy a house? If yes (and i'm pretty sure the answer would be yes if your as old as you sound) I think we have a new ironic statement of the day.

"The ironic thing about someone wanting finance for a car means by definition they have not yet worked for it. They would like it now and EARN it later."

I think its safe to say that the majority of the population of Australia will take out one or several loans during the course of their life. So i guess everyone fits into your 'mindset' because we all want to have something now and earn it later at some stage in our life.

I appreciate all peoples opinions and value advice from my elders. But age related stereotypes and condescending remarks only show a lack of maturity.

[SSBarney]

Oh and sorry so let me get this right, have you ever taken a loan? To buy a car? To buy a house? If yes (and i'm pretty sure the answer would be yes if your as old as you sound) I think we have a new ironic statement of the day.

"The ironic thing about someone wanting finance for a car means by definition they have not yet worked for it. They would like it now and EARN it later."

I think its safe to say that the majority of the population of Australia will take out one or several loans during the course of their life. So i guess everyone fits into your 'mindset' because we all want to have something now and earn it later at some stage in our life.

I appreciate all peoples opinions and value advice from my elders. But age related stereotypes and condescending remarks only show a lack of maturity.
I agree, u'r trying desperately to find offence, where non is intended.
The majority of Aussies have taken out loans, including me, for purposes which in hindsight might not have been the smartest thing to borrow for. Borrowing can obviously be good, other times its a big trap. Each to their own choices.

However, my comment was in response to 17 year olds saying they have worked for everything they have. Regardless of if we all take loans, it doesnt change the fact that if u have a loan u haven't earn't it, yet.

[planetdavo]

Oh and sorry so let me get this right, have you ever taken a loan? To buy a car? To buy a house? If yes (and i'm pretty sure the answer would be yes if your as old as you sound) I think we have a new ironic statement of the day.

"The ironic thing about someone wanting finance for a car means by definition they have not yet worked for it. They would like it now and EARN it later."

I think its safe to say that the majority of the population of Australia will take out one or several loans during the course of their life. So i guess everyone fits into your 'mindset' because we all want to have something now and earn it later at some stage in our life.

I appreciate all peoples opinions and value advice from my elders. But age related stereotypes and condescending remarks only show a lack of maturity.
Cars go hideously BACKWARDS, property usually goes UPWARD, plus you get to live in it as well. Try living in the HSV parked in the street......
My own comments about age simply were for people to grasp an understanding of the two differing view points. Make of it what you want.......
(PS: I bought the Monaro brand new with cash (no loans) at 33, plus have the housing situation well sorted, so make of ME what you want, if you think I'm lacking personal knowledge, having seen old mates F*** up their lives blowing money on cars when they can't afford it, like borrowing $15000 at 18 for a car.......)

[Middlez]

Planetdavo, in no way was i directing my post at you, in fact i agree with you in the thinking that in three years time i'll probably be wishing i didnt take a loan at 21. But you live you learn hey.

SSBarney- you said "I want it now mummy, i want it now now now now now now. I'm going to scream if i dont have it right now! F*ck me, did any one here about the spoilt kids being created lately."

I havent taken offence to anything you've said and however you try to justify it in later posts about who you are or are not directing it towards, i just want to make sure you know i think that those types of comments are immature and add absolutely nothing valuable to this forum. Once you've had your say why don't you let other people have theirs without going 'primary school comeback' on them.

[heavychevy]

As a forum of like minded enthusiasts the advice given is the best we have and given with the best intent.. whatever the topic. Shame when it slips off the rails.

[jerrel]

Cars go hideously BACKWARDS, property usually goes UPWARD, plus you get to live in it as well. Try living in the HSV parked in the street......
My own comments about age simply were for people to grasp an understanding of the two differing view points. Make of it what you want.......
(PS: I bought the Monaro brand new with cash (no loans) at 33, plus have the housing situation well sorted, so make of ME what you want, if you think I'm lacking personal knowledge, having seen old mates F*** up their lives blowing money on cars when they can't afford it, like borrowing $15000 at 18 for a car.......)

your comparing yourself who is 33 earning a good living by that time who has money, to a 18 year old on part time. theres no use for comparsion there. thats a 15 year gap. anyone you know who is still in a hole for borrowing cash for their first car must not be able to manage their funds very well, and should not be compared to us.

[planetdavo]

your comparing yourself who is 33 earning a good living by that time who has money, to a 18 year old on part time. theres no use for comparsion there. thats a 15 year gap. anyone you know who is still in a hole for borrowing cash for their first car must not be able to manage their funds very well, and should not be compared to us.
Like I've said, these people are in the crap because they borrowed a lot of money when 18 for cars that became practically worthless when sold. I'm in the position I'm in because I held back a bit when I was young. Think about it....
By the way, most people in their 30's have a huge amount of extra expenses over an 18yo, even though we earn more, just we've learnt to figure out what's really important, and what isn't so important...
This subject's boring me now. I've explained it enough, so good luck to the 18-21 year olds if they want a big loan.

[The Nurse]

If I remember correctly this young bloke wanted to know if he could get a loan with his circumstances, not everyone's opinion as to if he was doing the right thing or not

[planetdavo]

If I remember correctly this young bloke wanted to know if he could get a loan with his circumstances, not everyone's opinion as to if he was doing the right thing or not
He should have asked a bank then, not a forum site where opinion is 99% of the posts.

[The Nurse]

He should have asked a bank then, not a forum site where opinion is 99% of the posts.

Going by that theory, then we should ask not any questions on this forum. So if I want to know about exhausts, I should just contact and exhuast shop, if I want to know about brakes I contact a brake shop, if I want to know what the best fuel is I go ask every petrol station, there's some holes in that theory if you ask me, and I expect to never see you ask another question on this forum.

[VYBerlinaV8]

The good thing about this sort of forum is that we can all throw in info we think may be useful. All readers are free to accept or reject the opinions of others. I have to admit to being a fairly opinionated type of person, and I like being able to throw my 2 cents in and get responses. I guess we just need to remember that we won't all agree with everyone else, but that's ok!:moon:

[Aus8]

Simple concept really, you can sleep in your car but you cant drive your house!!!

[macca33]

Some interesting and valid points and some muck-raking. :shiner:

At the end of the day, the young fella is gonna do whatever he wishes and good on him and all others who choose to do it that way.

All that needs to be remembered is that "Shit happens," meaning, have any redundancies/fall-back strategies been considered?

Owning a car costs a lot of $$$ per annum. Fuel, Rego, Insurance, Maintenance, if you're a new driver, repairs - no I'm not being facetious, you WILL have a prang, hit a gutter, back into a post - hopefully nothing worse though.

It is at that time, when you are financially stretched and require extra $$$ for that rainy day that you may come unstuck.

People on the forum are from all walks of life and have experienced life, for 17 - 60+ years. Everyone has an opinion and all should be heard, but don't dismiss life experience as rubbish, just because you don't agree, OR, because everything has worked out rosily for YOU.

There are plenty of people in situations of insurmountable debt, all through poor decision making, reckless advice or actions.

As I mentioned at first, good luck, but make certian that you FULLY consider all of the scenarios that may flow-on as a result of your eventual decision.

Cheers,

Macca

[Middlez]

Simple concept really, you can sleep in your car but you cant drive your house!!!

Well maybe this is a solution that everyone could agree on...

http://www.carsales.com.au/pls/carsales/!cs_content.private_vehicle?vehicle_id=3076815&current_rec=2&used_rec=4&total_rec=31&sort_type=&total_rec=31&sort_type=&keyword=MOTOR%20HOME&state_id=-1&search_distance=25

[macca33]

If it had a spa, I'd buy it!!!! :lmao:

Cheers,

Macca

[planetdavo]

Going by that theory, then we should ask not any questions on this forum. So if I want to know about exhausts, I should just contact and exhuast shop, if I want to know about brakes I contact a brake shop, if I want to know what the best fuel is I go ask every petrol station, there's some holes in that theory if you ask me, and I expect to never see you ask another question on this forum.
Whatever....
Unless someone on here wants to loan this dude $15000 themselves, the ultimate answer is "the bank", as I said. Popular opinion on a forum site wont get his loan approved. END OF STORY.
:sux: even more than it did earlier....

[heavychevy]

Well maybe this is a solution that everyone could agree on...

http://www.carsales.com.au/pls/carsales/!cs_content.private_vehicle?vehicle_id=3076815&current_rec=2&used_rec=4&total_rec=31&sort_type=&total_rec=31&sort_type=&keyword=MOTOR%20HOME&state_id=-1&search_distance=25


That's one cheap holiday home!

[bok1]

i got a visa credit card at 16 and then got a loan for 22000 at 17.5 years of age.i was working full time at maccas at the time.they gave me a credit of 5000 on the visa card.

[OLS108]

Bro if you can pay off 15k in 8 months then wait 8 months pay cash and by then they SHOULD be a little cheaper anyway:deal:
but how much they paying you ???
21 hours a week @ what rate ???
sounds like i could quit my 45hours a week job and Retire in the Country only having to work 20 hours a week:idea:

** starts Packing**;)

[jerrel]

Whatever....
Unless someone on here wants to loan this dude $15000 themselves, the ultimate answer is "the bank", as I said. Popular opinion on a forum site wont get his loan approved. END OF STORY.
:sux: even more than it did earlier....

why wouldnt they give hime a loan. as long as he can show evidence of income, and prove that he is going to use the money usefully (i.e. not for drugs) they will approve it no problems!

[Hados]

The reason they wouldn't give him a loan in his own name, with no guarantor is because he is not 18. You are not legally allowed to sign loan documents if you are under the age of 18. I believe this fact has been stated MANY times. You obviously do not understand?!
It looks as if he's already bought the car anyway... he started another thread asking how to do burnouts in a manual VY SS!!

[dcx3]

If your from NSW and still on p's your not allowed to drive the ss so it seems to be a very expanive toy to sit in the garage. Try insurence with Just cars im 21 and had no no claim bonus and they insured my VU ss ute for $1475

[jerrel]

oo, i thought you were talking in general young ppl wouldnt get a loan. forgot he was still under 18