Personal loans & car mods? A deadly mix?

[Cranky243]

Yet mods continue to let him post this crap.

[Cranky243]

Originally Posted by HULK_I6T

Yeah thats what he said.. ive spent $7k on mine and it goes hard enough.. dont know where he could have spent it.

But people do spend ridiculous amounts on these cars, i dont get it myself, buy an AMG if you want to spend $100k+. Spend ford money on ford cars... and i wouldnt go near a bank for mods.

Your hard enough and someone else's just might be two different things lad.

When your perfect bubble bursts what then....what then?

[HULK_I6T]

A few muddy comments below that truthfully i dont understand.

Do these members object as they borrowed from the bank to perform a round of mods on their cars? Otherwise what is their dismay with this topic?

[Iggle Piggle]

Originally Posted by HULK_I6T

I honestly didnt think id get any opposition in this thread. Thought it would be unanimous that people would see that to borrow an arm and leg to mod their car is a bad decision.

So why state the bleeding obvious?

[Professor Farnsworth]

Originally Posted by HULK_I6T

A few muddy comments below that truthfully i dont understand.

Do these members object as they borrowed from the bank to perform a round of mods on their cars? Otherwise what is their dismay with this topic?

You're pushing it, and you know you're pushing it.

[Cranky243]

Not that I did for my car mods but some get loans to help with credit rating over time.

You still never answered my question from the other thread Hulky about getting a new car as old one is out dated.

What will you do when you see your kids are fuglier than others or your partner is sleeve of Wizard in comparison?

[EFFalcon]

i borrowed $20k to turbo my EA Wagon.

[superyob]

I'm going to take this as a serious question Mr Hulk I6T, even though I should know better, so here goes! If I was to spend say 20,000 bucks to refresh and slightly mod my old bomb, as you have referred to it, I would not borrow that amount. I would wait until my house is paid off and then save up to do what I wanted to my car. The difference is that my old bomb is going to be more valuable judging by the prices they can command. As long as I do not go over the top, I will not lose money/value. Even with that almost 100% guarantee (in the contemporary market) I still would not borrow that amount for car mods…

[xisled]

You cannot say most people get loans for large assets; I would actually think it is the other way around.

People get loans for all sorts of things. What about Holidays, the Holiday may last 2 weeks but the loan last 5 years and a heap of people take loans for holidays.

Not all loans are bad. Some people take loans because they don't have the cash up front. This does not mean they cannot afford the product it just means they do not have the cash at the time of purchase.

How about people buying massive 70 inch TV on Harvey Norman interest fee, it’s a loan.

The main reason I am getting at people do all sorts of things with loans and who cares what they do.

IMO I think it would be stupid if you could not afford the loan and modding your car, but if you can cover the loan and modding your car is what you want to do. Why not go ahead and do it.

End of the day, it is not your money so who cares what people spend it on.

[prydey]

Originally Posted by Cranky243

Yet mods continue to let him post this crap.

and you continue to post in it. whats the difference?

just click the 'back' arrow and move on if its not something that interests you.

everyone knows Hulk chooses topics that will promote discussion/debate, and yet 95% of replies are quite simply rude and immature, and the replies are generally more offensive than the OP (which generally are not offensive).

thats says something to me, and its not about Hulk.

[AUwindsor]

Originally Posted by prydey

thats says something to me, and its not about Hulk.

those who feed the troll, are dumber than the troll

[Whitey-AMG]

Originally Posted by AUwindsor

those who feed the troll, are dumber than the troll

Why are you posting in this thread........

[Cranky243]

Originally Posted by prydey

and you continue to post in it. whats the difference?

just click the 'back' arrow and move on if its not something that interests you.

everyone knows Hulk chooses topics that will promote discussion/debate, and yet 95% of replies are quite simply rude and immature, and the replies are generally more offensive than the OP (which generally are not offensive).

thats says something to me, and its not about Hulk.

Oh gee I wonder why the replies are like that?

Send him some Kleenex or better yet grab some for yourself.

[brennan.]

I used a credit card quite a lot for adjustable suspension etc on a previous car, I'm not in financial ruin, nor did the car go boom as if to reject the mods I had done simply because I didn't "own" them. I'm actually looking at buying my first home next year. So I've had a blast modifying the car, with no real world disadvantage. Just my own experience.

[XB GS 351 Coupe]

Strangely I tend to agree with Hulk, but does not mean it needs a thread.

I think getting a bank load to mod a car is a stupid financial decision, and not something I would ever consider, don't really consider getting a loan for anything these days, the way I see it if I don't have the money I can't buy it.

I have gotten car loans in the past but would not do so again for a personal vehicle, especially for a 'toy vehicle' or week end cruiser, if I don't have the cash then I can't buy it.

I think the 'I want it now generation' would get a loan for what ever gadget they want now but thats a fast track to no where.

Home loan is a different story, and unfortunately I will be having a small one of those again one of these days.

[MITCHAY]

I personally wouldn't either loan money or spend cash on mods on car bought with loaned money but if you're not getting yourself into financial troubles by doing so then why care?

Almost all cars are depreciating assets so whether you own it or not financially it doesn't make sense but you get enjoyment from doing so.

[XB GS 351 Coupe]

Originally Posted by xisled

How about people buying massive 70 inch TV on Harvey Norman interest fee, it’s a loan.

I qualify that, I have gotten those in the past as I might as well use someone else's money as it costs me nothing to do so. As long as I have the money in the bank to pay it off when the time comes, if you have to pay interest just buy the TV outright.

If I get the loan because I can's afford the TV then I see that as a problem, others may feel different but that is how I run my finances

[Lukeyson]

HULK_I6T
Permanently Banned

/thread

[BLU-220]

Originally Posted by Lukeyson

HULK_I6T
Permanently Banned

/thread

He was Permanently Banned last time, but then he came back under a different name

time will tell if the pest comes back to haunt us again

[gossy]

Oh no, what happened to hulk?

[blueoval]

I believe he was banned for this thread.
http://www.fordforums.com.au/showthread.php?t=11436443

[Whitey-AMG]

Originally Posted by blueoval

I believe he was banned for this thread.
http://www.fordforums.com.au/showthread.php?t=11436443

Yep

And this thread title should have been changed to
Trolling and stupid threads.....a deadly mix.

Sure gonna be a bit quieter round here now.
Serenity now !!

[gossy]

Originally Posted by gossy

Oh no, what happened to hulk?

Purely tongue in cheek.

SERENITY NOW!!!

[blueoval]

Originally Posted by gossy

Purely tongue in cheek.

SERENITY NOW!!!

insanity later in the form of a different username.

[MercurySilver]

if he is as smart as he is apparently rich he'll be back in the next half hr with a bouncing IP and a username with one letter diff
oh well
least he has time to go new car shopping

i always look on the bright side

[MAD]

he has a month off then is always allowed to come back. Hopefully this is the last time (unlike a John Farnham tour)

[Road_Warrior]

Originally Posted by Lukeyson

HULK_I6T
Permanently Banned

/thread

LOL

Is he 'Permanently Banned' properly this time via his IP address?

[buggerlugs]

I miss him already...............

[brennan.]

Called it.