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The Pub For General Automotive Related Talk |
View Poll Results: How do most people pay for their cars? | |||
Finance - personal loan, through home loan, etc. | 103 | 40.08% | |
Lease - through work or finance company | 33 | 12.84% | |
Cash - saved up over a period of time | 110 | 42.80% | |
Other ??? | 11 | 4.28% | |
Voters: 257. You may not vote on this poll |
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17-11-2008, 11:00 AM | #1 | ||
Built Ford Tough
Join Date: Nov 2005
Posts: 235
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In the marktet for a new car after my 95 mondeo seems to be on it's last legs. And just wondering how most people, or yourself pay for their cars?
Obviously there a lot of nice cars on the road, and I wondered what's the most common practice?
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What the hell is Diversity? "I believe it was an old, old wooden ship used in the civil war era." Ron Burgandy - Anchorman |
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17-11-2008, 11:52 AM | #2 | ||
Regular Member
Join Date: Nov 2008
Location: Sydney
Posts: 908
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Depends...
If its for business I lease, if its for private use I try to pay cash
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MY18 Mustang GT MY18 Everest Trend Harley Davidson FXBRS |
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17-11-2008, 11:54 AM | #3 | ||
2016 PX2 Ranger XLT
Join Date: Aug 2006
Location: Perth
Posts: 334
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I traded Shells and Pretty coloured stones for mine. Got a great deal, and trhough in AC for some rare leaf patterns.
Sorry, just had to do it. Partial Finance on ours. Easy way to do it and relatively low interest rates if you barter with them. |
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17-11-2008, 12:06 PM | #4 | |||
Cane Farmer
Join Date: Jun 2006
Location: Tom Price, WA
Posts: 4,056
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Personal Loan to begin with. Then I just paid at least twice the payment amount per month.
If you have the cash, buy with cash.
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1994 ED XR6T - Cobalt Blue. 2009 FG XR6 - Black. Quote:
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17-11-2008, 12:10 PM | #5 | ||
^^^^^^^^
Join Date: Jan 2005
Location: online - duh
Posts: 9,641
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Novated lease through work when I first stepped up to the Terri (brand spankers in '04) as the old ED wasn't worth much. Have since payed out the residual with a personal loan as this ones a keeper for now.
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17-11-2008, 12:57 PM | #6 | ||
Professional Mouse Jockey
Join Date: Nov 2005
Location: SE Vic
Posts: 3,185
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Finance for me, no other way I'd be able to afford it unless I saved up a for a few years. Then payed it off as quick as possible.
Mind you I'll never buy a car as expensive using full finance again. It's not worth it.
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Isuzu MUX for towing horses - currently no Fords in the stable Time flies like an arrow; fruit flies like a banana. Groucho Marx
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17-11-2008, 01:20 PM | #7 | ||
FF.Com.Au Hardcore
Join Date: Aug 2005
Location: Barossa Valley, South Australia
Posts: 3,381
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First car, 1978 TE Gemini. Bought it for cash. $2000 of my hard earned.
The EL was bought way back in 1999 on finance. I was only 21 at the time and couldn't save up $20,000 to buy it back then considering I'd only been working full time for a few months. The 307 we bought on finance also. The next one when we replace the EL will be on the mortgage, or hopefully, a work car provided by the wife's work.
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Cheers, Sam. |
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17-11-2008, 07:27 PM | #8 | |||
FF.Com.Au Hardcore
Join Date: May 2007
Location: Geelong
Posts: 2,374
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Quote:
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17-11-2008, 01:50 PM | #10 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: The Patch
Posts: 1,011
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Monopoly money.
Cash for the XC ute.
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Quote:
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17-11-2008, 02:20 PM | #11 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 802
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Got a loan for my BA, though i paid a bit in cash and used the rest i had sitting there for rego and insurance. My fairmont i paid my dad half the purcashe price in cash, as thats the agreement we had at the time. If i were to do it again id save more cash up front and get a smaller loan.
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17-11-2008, 02:48 PM | #12 | ||
Meep Meep
Join Date: Mar 2007
Location: Southside
Posts: 1,513
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Banana's
Mostly finance though
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Thundering on.... |
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17-11-2008, 02:52 PM | #13 | ||
FF.Com.Au Hardcore
Join Date: May 2006
Location: In my happy place
Posts: 5,432
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every day drive car is fully work supplied, my wifes car VZ dunnydoor we paid cash out of savings (got through auction) my chev build is paid for with comissions and bonuses + what ever I make buying and sellign bits and peices
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Pariahs C.C. What could possibly go wrong I post images with postimg.cc (so I don’t forget) |
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17-11-2008, 03:42 PM | #14 | ||
Regular Member
Join Date: Oct 2007
Posts: 425
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First car = cash, saved up buy me of course.
EF Fairmont II
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17-11-2008, 04:13 PM | #15 | |||
Performance Inc.
Join Date: Aug 2008
Location: In a cave
Posts: 2,554
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Current rides the fpv is a chattel mortgage lease thru my business for tax reasons and my personal car the impreza paid cash. Will pay cash for the fpv when I buy it from my business as it's a keeper.Probably wouldn't own the fpv if my business didn't pay for it.
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In The Garage... FPV Super Pursuit Build no 0080/91 Lotus Exige S/C S240 Kart Hasse Chassis 100J Power Quote:
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17-11-2008, 04:17 PM | #16 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Cash for my car.
If I didn't have cash, then I couldn't afford the car, simple. |
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17-11-2008, 04:47 PM | #17 | |||
Guest
Join Date: Feb 2005
Location: Auckland, NZ
Posts: 2,886
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Quote:
Will never buy a car on finance or with a mortgage. |
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17-11-2008, 04:47 PM | #18 | ||
Lucifer's Angel
Join Date: Dec 2004
Location: Sydney
Posts: 5,282
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I saved up for about 5 years with nothing in mind to buy. (Was thinking probably a house deposit in a few years)
Saw the BA, and loved the shape. Decided I had to have one in Blueprint, and then went looking with Dad. Bought it at Pickles Auctions, and then came back the next day with the cheque. Dad lent me $12,000 towards it because he wanted to make sure I still had cash in my account in case there were any repairs required. I paid him back $100 a week, direct debit from my wages.
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SINISTER BA XR6 Blueprint, manual, 4490's, Redback 2.5" dual exhaust, BA Typhoon rims, tint, fog light covers, BF tailights, blue illuminated window switches, Ghia bootlid carpet, lower grille, FPV door spears, steering wheel & interior bits, XR6T + F6 intake, K&N filter, Typhoon spoiler, tuned, sway bars, custom angel eyes & plates..YUM!
If there's one thing guys in Holdens hate more than being beaten by a Ford... It's being beaten by a girl driving a Ford |
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17-11-2008, 05:59 PM | #19 | ||
Regular Member
Join Date: Jan 2007
Posts: 147
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I got my car on finance (15 K) and used youth allowance to pay for it!
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17-11-2008, 06:04 PM | #20 | ||
Flairs - Truckers Delight
Join Date: Aug 2006
Location: Brisbane Northside Likes: Opposite Lock
Posts: 5,731
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Cars are the biggest drain of money you will have in your life, i'm not gonna make it worse by paying interest on top of the already huge depreciation that goes on with owning a car! Except for your own house, i have one saying. If you can't pay cash, you can't pay.
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Current: Silhouette Black 2007 SY Ford Territory TX RWD 7-seater "Black Banger"
2006-2016: Regency Red 2000 AUII Ford Falcon Forte Automatic Sedan Tickford LPG "Millennium Falcon" |
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17-11-2008, 06:17 PM | #21 | ||
FF.Com.Au Hardcore
Join Date: Feb 2007
Location: Cattai, Sydney
Posts: 7,701
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paid cash but i received said cash through compo from an accident i had at school when i was 12(yr 6)
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1992 EBII Fairmont Ghia 4.0l <---Click for the Gallery! Insta@mooneye_ghia White on bright red smoothies with thick whitewalls. Cruising around to some rockabilly |
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17-11-2008, 06:25 PM | #22 | ||
Windsor Man!
Join Date: Jan 2005
Location: Not under the bonnet!
Posts: 2,048
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I strongly recomend paying cash. If you must borrow, borrow well below your limits so as to not get stuck with a car worth more than you owe. Also, avoid finance, go for a personal loan instead. With a personal loan, generally, it is unsecured. With finance, you can get into a lot of trouble if the car drops in value.
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Wife's car - BA XT Wagon - Lowm shiney wheels, dark tint, no bottom half of front bar, faded paint :/ My Car - 93 Diesel Lux - not as fast but more reliable than her falcon! |
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17-11-2008, 06:26 PM | #23 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 2,021
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My car was only six thousand but even then I had to get a personal loan to pay for it. It's not so bad because after a year of paying 100 a week the loan was gone. ( I had a 1500 deposit ) It's all well and good to say save up but that might not be a possibility for some people. But then again, a lot of people here are middle aged and cashed up.
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17-11-2008, 06:34 PM | #24 | ||
FF.Com.Au Hardcore
Join Date: Nov 2005
Location: perth
Posts: 4,355
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every car untill the explorer have been cash and could have got the explorer with cash i had and the fact that i had 2 cars so i didnt need to buy anouther
but due to being bankrupt (largely due to stolen id) and the want to buy a house (so needing to have a credit rating better than it was) i got the explorer throu an auto loan n paying it of fast
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yes still (as money n time permit) doing the rebuilding the zh fairlane with a clevo 400m 4v heads injected whipple blown with aode 4 speed trans to a 9" ....... we'll get there eventually just remember don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! I have taken up meditation... at least it's better than sitting around doing nothing !! |
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17-11-2008, 07:13 PM | #25 | ||
Clevo Mafia Inc.
Join Date: Dec 2004
Location: Melbourne
Posts: 10,496
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Cuey are you talking new cars or any cars ?
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18-11-2008, 02:26 PM | #26 | |||
Built Ford Tough
Join Date: Nov 2005
Posts: 235
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Quote:
I can see it being relatively easy to save up for something older around the 8 - 10k mark, but how do most ppl pay for their new FG or BF mk2?
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What the hell is Diversity? "I believe it was an old, old wooden ship used in the civil war era." Ron Burgandy - Anchorman |
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17-11-2008, 07:27 PM | #27 | ||
Regular Member
Join Date: Dec 2006
Location: Sydney
Posts: 104
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Bought both of my cars with cash.
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2009 LV MkI TDCi Focus Hatch |
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18-11-2008, 09:39 PM | #28 | ||
Regular Member
Join Date: Oct 2008
Location: QLD
Posts: 170
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Finance lease through my business. Both my F6's cost me $55 a day!!!! What a bargain!!!! I could never hand over $85,000 in cash for two cars... but at $55 a day..I can justify that!!!!
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2006 BF F6 Typhoon (HER F6) 2005 BA F6 Typhoon (HIS F6) |
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17-11-2008, 07:41 PM | #29 | ||
not here much anymore
Join Date: Dec 2004
Location: Sthn NSW
Posts: 22,918
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Anally to the CBA
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2024 F150 XLT
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17-11-2008, 08:50 PM | #30 | ||
Regular Member
Join Date: Oct 2008
Location: Tarro N.S.W
Posts: 54
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If i hav not got the money to buy a car with cash it means i can't afford it El xr6: cash ,RG voyager ;cash
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