Vehicle finance query

walterl

Expert Member
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Oct 19, 2006
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1,582
I just bought a car two weeks ago, finance period 36 months, I paid a 58% deposit and I got prime minus 1
 

Messugga

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Sep 4, 2007
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Decided to just buy the thing cash by drawing some funds out of the house's bond and get it over with. Much simpler than financing it separately and it's super cheap debt as I pay way below prime on the bond.
 

OrbitalDawn

Ulysses Everett McGill
Joined
Aug 26, 2011
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47,035
Decided to just buy the thing cash by drawing some funds out of the house's bond and get it over with. Much simpler than financing it separately and it's super cheap debt as I pay way below prime on the bond.

Good idea. I reckon I'd also do that if I had the option.

What are you driving, btw? Wanna know if you're gonna be jealous of your wife's car. :p
 

Messugga

Honorary Master
Joined
Sep 4, 2007
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12,750
Good idea. I reckon I'd also do that if I had the option.

What are you driving, btw? Wanna know if you're gonna be jealous of your wife's car. :p
I have a 86. I'm a bit jealous, I won't lie. The GTI has more gadgets and creature comforts. The 86 turns way more heads though.
 

walterl

Expert Member
Joined
Oct 19, 2006
Messages
1,582
Decided to just buy the thing cash by drawing some funds out of the house's bond and get it over with. Much simpler than financing it separately and it's super cheap debt as I pay way below prime on the bond.

Did that with the wife's car a year ago. Always a good option
 
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