Blatman Posted January 12, 2005 Share Posted January 12, 2005 The profit you made on your car. You don't strike me as exceptional at all... Mornin' Chris. Quote Link to comment Share on other sites More sharing options...
chrisbin Posted January 12, 2005 Share Posted January 12, 2005 You don't strike me as exceptional at all... Quote Link to comment Share on other sites More sharing options...
James Posted January 12, 2005 Share Posted January 12, 2005 If you had to remortgage your home to buy your dream then you really couldn't afford it, and you probably can't afford to maintain or repair it properly when it goes wrong. For me, a remortgage is a very silly thing to do to buy a car.. I dont know about that for some people its the only way to relise there dream. I havnt remorgaged my house to buy my car but my freind did and he will probably do it again, life is to short and you never know when your lights going are about to be snuffed out! you have to enjoy yourself while your here and if that means remorgadging your home to be able to fulfill a life long ambition so be it. As I said you never know how long's left! Quote Link to comment Share on other sites More sharing options...
Blatman Posted January 12, 2005 Share Posted January 12, 2005 Believe me I'm a live now, pay later kinda guy, but I draw the line at remortgaging my house to pay for my toys when it can go wrong all too easily. Besides which, remortgaging is an expensive way to do it. Alright, short term, the extra added to mortgage payments are smaller than a loan might be, but with the interest calculated over the remaining term of the mortgage, it adds up to a lot of money... But hey, lets not get bogged down in this. There's no right answer, just differing opinions on how to realise life dreams... Quote Link to comment Share on other sites More sharing options...
James Posted January 12, 2005 Share Posted January 12, 2005 It is an expensive way to do it but how easy is it for some to get a £28,000 bank loan Im not sure I would want to see my account ballance after doing that! morgages are easyier to ignore! Quote Link to comment Share on other sites More sharing options...
hilux Posted January 12, 2005 Share Posted January 12, 2005 I *never* consider how much per mile I'm paying to run any of my cars. I consider ALL the money I spend on them to be lost, so if I recover *anything* if/when I sell them, I'm happy. Quite right. Every sunday there are mundane car drivers who polish their pride and joy hoping that if its clean it will 1) stand out from the crowd and 2) retain more value which as we all know is bo**cks All cars lose 30% real quick so my personal rule of thumb is to buy at no more than 60% of original cost cos depreciation then slows down percentage wise. ie 15K westy (built) is immedately worth say 12K BUT there is another factor, the real market price. You can ask what you like for your house and only sell it if the `market` sees its percieved value in comparison. EG: your 12K westy is valued in the market as approx 10k as there is definitely a barrier at this point. (anyone know of a lotus elise at 10K please ) Its all about psychology and human perception see Quote Link to comment Share on other sites More sharing options...
Blatman Posted January 12, 2005 Share Posted January 12, 2005 It's also about managing expectations... Quote Link to comment Share on other sites More sharing options...
Man On The Clapham Omnibus Posted January 12, 2005 Author Share Posted January 12, 2005 [Monty Python Mode] "this thread is getting too silly" [/Monty Python Mode] Quote Link to comment Share on other sites More sharing options...
James Posted January 12, 2005 Share Posted January 12, 2005 (Monty python mode) Stone Him! (Monty python mode) Quote Link to comment Share on other sites More sharing options...
Man On The Clapham Omnibus Posted January 12, 2005 Author Share Posted January 12, 2005 Oi! Big Nose! Quote Link to comment Share on other sites More sharing options...
mad lon Posted January 12, 2005 Share Posted January 12, 2005 I have reason to believe that this thread is being padded out.It's being milked.If it wasn't nailed to the perch it would be deceased Quote Link to comment Share on other sites More sharing options...
Blatman Posted January 12, 2005 Share Posted January 12, 2005 He's a very naughty thread... Quote Link to comment Share on other sites More sharing options...
mad lon Posted January 12, 2005 Share Posted January 12, 2005 Have you in fact any thread at all? Err got Whitworth but it's a bit runny. I don't k'inn care how runny it is,just screw me. Not without a washer sir. Quote Link to comment Share on other sites More sharing options...
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