Interest rate slaughter

Don't feel so bad about mine now. Signed the contract last Thu with and interest rate of 10.25% linked. I had a small fit but the want made me move ahead. Suppose not so bad now.
Mine through Audi Financial Services (FNB).
 
ToxicBunny said:
R1200 for insurance on a Polo?!?!?!
Click to expand...
I know, I would be worried too, that is too low for a Polo.
TehStranger said:
6/10, good job.
Click to expand...
It's called an opening gambit.

You only started your job 4 months ago, if you are good you will surely be given a substantial raise after your first year of server, hence my suggestion of only keeping the Polo for 9 months because by then you should be able to afford a S3 sedan. Essentially you can take whatever you earn as a salary, minus the price of enough Vaseline, and spend the rest on VAG.
 
Nerfherder said:
Yip... might as well get your credit rating up in the mean time.

Also... R240k on your first car ???

Dude. You are asking for trouble and that insurance looks way too cheap for a polo
Click to expand...

I'm still living at home... decided to take advantage of free accommodation while I still can. Then I can keep the car for longer. If I get a Figo or similar i'l want to replace it in a few years, which wont help much. Polo I feel like I could keep for a while. Even after its paid off.

Edit: Insurance is a special by VW finance, they are clearing the current Polo before launching a new one in July
 
Last edited:
Nangi said:
Polo I feel like I could keep for a while. Even after its paid off.
Click to expand...
I would highly recommend you upgrade to a Scirocco or Passat long before then, especially seeing as you want to improve your credit rating and have no other expenses except for your car.
 
Mike Smit said:
Don't feel so bad about mine now. Signed the contract last Thu with and interest rate of 10.25% linked. I had a small fit but the want made me move ahead. Suppose not so bad now.
Mine through Audi Financial Services (FNB).
Click to expand...

What car did you get?
 
Rouxenator said:
I know, I would be worried too, that is too low for a Polo.

It's called an opening gambit.

You only started your job 4 months ago, if you are good you will surely be given a substantial raise after your first year of server, hence my suggestion of only keeping the Polo for 9 months because by then you should be able to afford a S3 sedan. Essentially you can take whatever you earn as a salary, minus the price of enough Vaseline, and spend the rest on VAG.
Click to expand...

Considering I got a bit of a discount on the Polo, combined with insurance, I'm saving a bit of money on the Polo than I would've on a Kia Rio... Increase in salary = save save save, then pay off car/buy house, depending on situation at that time...
 
Sure, you can pay it off quicker if you get a raise, but the cat will be old by that time so you might as well opt for something better and nicer. No one want to drive an old car.
 
Rouxenator said:
Sure, you can pay it off quicker if you get a raise, but the cat will be old by that time so you might as well opt for something better and nicer. No one want to drive an old car.
Click to expand...

Forgot who I'm speaking to here.....:)
 
ToxicBunny said:
R1200 for insurance on a Polo?!?!?!

WTF! That is not even vaguely in the realms of acceptable, I would tell the insurance company to go and get knotted if they presented me with a quote like that.
Click to expand...

Either that or I risk ruining my entire financial life before it begins by driving an uninsured car... I'd rather pay..
 
Nangi said:
Either that or I risk ruining my entire financial life before it begins by driving an uninsured car... I'd rather pay..
Click to expand...

They won't even let you touch the car without insurance anyhow
 
Just bought an entry level Qashqai with Satnav.

R240K on the road.


interest rate 8.5%

Bitched and moaned to get a decent rate...'twas worth it.:D
 
Nangi said:
74/130 vs 77/155.... mmmm:erm:
Click to expand...
3kw and 25 torques... meh, not worth R60k and 2.5 times the insurance premium.

Anyway, about interest rates it should be about 2% higher if you go with fixed as opposed to linked. That was the case last time I bought but it really did not phase me much cause I planned to (and did) settle the car in less than two a years.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X