loan repayments on V8s

flooded one · 09-06-2014, 10:00 PM

Maybe a stupid question

A mate of mines missus reckons loan repayments on V8s are higher then any other car, now I know insurance and that is higher but loan repayments?? I can't see how??? Doesn't go buy how much you borrow over a certain period of time??? Or is it because she snobs mine and the missus idea of wanting to by an 8 cylinder???

OK, my mates missus does not work nor has ever worked for a bank or any financial institution but claims this, mainly because I said I wouldn't mind looking at some of the BA/early BF FPV GT's I have seen for sale for in between $20k-$25k, then gives me this crap about how loan repayments are dearer for V8s, then gives me this diatribe about her friends KIA is so cheap to run, honestly, if I am thinking of buying a V8 I'm not to concerned about fuel economy. I have never taken a lone on an V8 powered car before. I am 30 years old been licenced since I was 17 and have never made a claim or lost me licence and am a rating one with my insurence, just wondering can someone can clear this issue up for me??

Thanks

BHDOGS · 09-06-2014, 10:07 PM

its a crock of ****

**FormulaFG** · 09-06-2014, 10:13 PM

Your mate needs a new mrs.

Lotte · 09-06-2014, 10:20 PM

Quote:

Originally Posted by wildrider

OK, my mates missus does not work nor has ever worked for a bank or any financial institution but claims this,

this is your answer. She don't know ****. Also, she sounds like a bit of an idiot who thinks her opinion is the bestest ever and will therefore spin **** to make it right.

Loan repayments are not higher on anything other than whether you've secured the loan or not.
You probably won't be able to secure a loan on a BF as there's usually a disclaimer saying that the car needs to be no older than (I think) 11 years old at the end of the loan, if it's an auto loan. A dealer might be able to wrangle better.

flooded one · 09-06-2014, 10:23 PM

That's what I thought and I agree with him needing a new missus. We were trying to save for a new FH when they came out but seeing how much some of the early FPV GTs where going for making me think do I want one?? My missus is even on board for one!!! Seen some with less then 120,000km and with log books, hopefully in July I will have an answer about work, at this stage is looking pretty good as I got a pay rise last week!! Hopefully august September we might have a V8 sitting in our driveway!!!

Edit most of these were BAs

Ben73 · 09-06-2014, 10:46 PM

By a V12 then if she thinks V8's have a higher loan repayments than all other cars.

BPXR6T · 09-06-2014, 10:51 PM

Whoa, can she even tie her shoe laces. That's a new level of dumb.

flooded one · 09-06-2014, 10:56 PM

I wonder with her hey, we try to stay away from there place since he's been with her

Lotte · 09-06-2014, 11:03 PM

Wait. Kia's only cost about ten dollars right? A BF GT costs a fair bit more than that. So she's right. The loan repayments are higher. Because you borrow more money.

BPXR6T · 09-06-2014, 11:14 PM

Quote:

Originally Posted by Lotte

Wait. Kia's only cost about ten dollars right? A BF GT costs a fair bit more than that. So she's right. The loan repayments are higher. Because you borrow more money.

Congrats, you found logic in that. You should marry her. Might be your perfect match...

Lotte · 09-06-2014, 11:17 PM

Quote:

Originally Posted by BPXR6T

Congrats, you found logic in that. You should marry her. Might be your perfect match...

Unfortunately, that would be illegal in this country and I don't think Tas would be overly happy about it.

commonrails · 09-06-2014, 11:31 PM

Nothing beats someone that makes a sweeping statement backed by no fact at all. I suggest she look into becoming a politician.

Itsme · 10-06-2014, 03:45 AM

Quote:

Originally Posted by wildrider

Maybe a stupid question

A mate of mines missus reckons loan repayments on V8s are higher then any other car, now I know insurance and that is higher but loan repayments?? I can't see how??? Doesn't go buy how much you borrow over a certain period of time??? Or is it because she snobs mine and the missus idea of wanting to by an 8 cylinder???

OK, my mates missus does not work nor has ever worked for a bank or any financial institution but claims this, mainly because I said I wouldn't mind looking at some of the BA/early BF FPV GT's I have seen for sale for in between $20k-$25k, then gives me this crap about how loan repayments are dearer for V8s, then gives me this diatribe about her friends KIA is so cheap to run, honestly, if I am thinking of buying a V8 I'm not to concerned about fuel economy. I have never taken a lone on an V8 powered car before. I am 30 years old been licenced since I was 17 and have never made a claim or lost me licence and am a rating one with my insurence, just wondering can someone can clear this issue up for me??

Thanks

Cannot believe you are so gullible posting this, I think she has had a good lend of you.

Trump · 10-06-2014, 07:09 AM

Quote:

Originally Posted by trublu

Cannot believe you are so gullible posting this, I think she has had a good lend of you.

Maybe, but never underestimate the Dark side of the Dumb.

CyberWasp · 10-06-2014, 07:45 AM

I hope for your friends sake that she is at least a good cook.

flooded one · 10-06-2014, 08:29 AM

Quote:

Originally Posted by trublu

Cannot believe you are so gullible posting this, I think she has had a good lend of you.

Lol, no she was serious, I had to be sure about this as this really spun me out

marcyeo · 10-06-2014, 08:51 AM

As long as you sound extremely confident when you state something - people will take you seriously, no matter whether you're an expert at the matter or know nuts about it.

Trust me, I know - I'm a doctor..

Bossxr8 · 10-06-2014, 04:45 PM

If she really believes that, tell her I have a rock that keeps away tigers for sale. It works a treat.

GYRKIN GT · 10-06-2014, 04:57 PM

Quote:

Originally Posted by Loud_Noises

Maybe, but never underestimate the Dark side of the Dumb.

Not trying the steal the thread but have you ever noticed the "Dumb" ones, male or female, are often the loudest and most aggressive you come across?
Ahhh, such insecurities

xrxystu · 10-06-2014, 06:03 PM

Never mind all they nay-sayers on this forum. The financial institution I am with offers a slightly lower interest rate if you take out a car loan for what they deem a "green car"- Prius's and rubbish like that. Maybe your mates missus is thinking along those lines....

Stu

**ebxr8240** · 10-06-2014, 07:01 PM

You go into bank for a loan !! The car doesn't !!!
Insurance maybe higher ? But as you get older it doesn't matter..

rag top · 10-06-2014, 09:05 PM

show her this thread.

Iggle Piggle · 10-06-2014, 09:35 PM

Just tell her that yeah, you lose a bit on the higher interest rates applied to a V8, but you make up for that and then some with the cheaper insurance and running costs of a V8.

Quote:

Originally Posted by GYRKIN GT

Not trying the steal the thread but have you ever noticed the "Dumb" ones, male or female, are often the loudest and most aggressive you come across?
Ahhh, such insecurities

Haven't noticed that, but I have noticed most chicks that are into horses are freakin' crazy bitches. Always finding that out a week or two too late, but then again I probably would have made those mistakes even knowing they were all sorts of crazy.

jimt3te50 · 10-06-2014, 10:03 PM

Quote:

Originally Posted by Iggle Piggle

Haven't noticed that, but I have noticed most chicks that are into horses are freakin' crazy bitches.

OMG! I've been saying this for years! I can finally say it's not just me!

Trump · 10-06-2014, 11:07 PM

Quote:

Originally Posted by jimt3te50

OMG! I've been saying this for years! I can finally say it's not just me!

It's not just you Jim, I knew a couple of die hard horse chicks, they were batpoop crazy

.

xxx000 · 11-06-2014, 06:55 AM

Quote:

Originally Posted by Bossxr8

If she really believes that, tell her I have a rock that keeps away tigers for sale. It works a treat.

I've been scouring the classifieds for tigers for sale

there's been none so your rock won't get any use

Stefan · 11-06-2014, 08:13 PM

She's probably not far off the mark here, and she is probably (unknowingly) referring to a novated lease in which case she would be spot on! Your repayments on a V8 would be more even is the car had identical value.

graphicgoose · 11-06-2014, 09:03 PM

Quote:

Originally Posted by wildrider

That's what I thought and I agree with him needing a new missus. We were trying to save for a new FH when they came out but seeing how much some of the early FPV GTs where going for making me think do I want one?? My missus is even on board for one!!! Seen some with less then 120,000km and with log books, hopefully in July I will have an answer about work, at this stage is looking pretty good as I got a pay rise last week!! Hopefully august September we might have a V8 sitting in our driveway!!!

Edit most of these were BAs

Dude, hold out for the FH! You'll get the Miami motor instead of the old 5.4L, and I know I won't be the only one here that would attest to how awesome these SC 5L are!

Quote:

Originally Posted by jimt3te50

OMG! I've been saying this for years! I can finally say it's not just me!

I'll second this, ones I've met are generally all kinds of crazy! Good fun in the sack as a result though!

commonrails · 11-06-2014, 09:19 PM

Quote:

Originally Posted by Stefan

She's probably not far off the mark here, and she is probably (unknowingly) referring to a novated lease in which case she would be spot on! Your repayments on a V8 would be more even is the car had identical value.

A novated lease is not only just a loan/finance repayment but a budget for all of your car's running costs, including, fuel, maintenance, registration and insurance. So no doubt the V8 on a novated lease would cost more just on the fuel factor alone.

MITCHAY · 11-06-2014, 09:36 PM

Quote:

Originally Posted by xrxystu

Never mind all they nay-sayers on this forum. The financial institution I am with offers a slightly lower interest rate if you take out a car loan for what they deem a "green car"- Prius's and rubbish like that. Maybe your mates missus is thinking along those lines....

Stu

I can't understand why any finance company would care but a simple Google search reveals this to be true for a few companies.

Maybe they incorporate a benefit from the government into your loan rather than you claiming one directly.