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Old 16-03-2015, 08:54 PM   #1
323Turbo
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Join Date: Jul 2013
Location: Perth
Posts: 338
Default I'm a financial idiot - what should i do?

ok,
thinking of buying a 2013 xr6t, but i hate loan paperwork & I hate taking $ out of home mortgage redraw

should I just pull the 19k out of mortgage redraw (I owe 400k at, I dont know ~5%) & increase my payments or should I go thru the hassell of a loan 7%?

surely taking it ouf redraw is the smart option or is it?

or i could take $9k out of redraw (i wouldnt miss it) and get a small loan of 11k over 3 years at 7% - interest on that would be stuff all - but I'm not sure if icbf - i hate loan paperwork!!
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