Notices
ScoobyNet General General Subaru Discussion

What would you do, new STi or pay off mortgage?

Thread Tools
 
Search this Thread
 
Old 11 April 2003, 11:23 AM
  #31  
EvilKyote
Scooby Regular
 
EvilKyote's Avatar
 
Join Date: Feb 2005
Location: From Your Worst Nightmare!
Posts: 1,362
Likes: 0
Received 0 Likes on 0 Posts
Post

Get the car and live it it!!! it has reclining seats! ther you go! and you will have the advantage that if you don't like your neighbours, just drive elsewhere!
Old 11 April 2003, 11:36 AM
  #32  
timbo2000
Scooby Regular
 
timbo2000's Avatar
 
Join Date: Jun 2001
Posts: 63
Likes: 0
Received 0 Likes on 0 Posts
Post

I went for the car 3 years ago. No regrets! I have a flexible mortgage so I make overpayments - hence the car will be paid for well before I have to worry about racking up loads of interest.

Besides, the payments I make now are actually less than before I bought it - it's like having a scoob for free!
Old 11 April 2003, 11:47 AM
  #33  
pblakeway
Scooby Regular
 
pblakeway's Avatar
 
Join Date: Apr 2003
Posts: 330
Likes: 0
Received 0 Likes on 0 Posts
Post

You can live in your car, but you cant drive your house

Old 11 April 2003, 03:29 PM
  #34  
kevin stanton
Scooby Regular
 
kevin stanton's Avatar
 
Join Date: Jun 2001
Posts: 3,159
Likes: 0
Received 0 Likes on 0 Posts
Post

pay off the mortgage, then the money that would have paid that every month would now pay the sti8 car loan.
sorted.
Old 11 April 2003, 03:39 PM
  #35  
David_Wallis
Scooby Regular
 
David_Wallis's Avatar
 
Join Date: Nov 2001
Location: Leeds - It was 562.4bhp@28psi on Optimax, How much closer to 600 with race fuel and a bigger turbo?
Posts: 15,239
Likes: 0
Received 1 Like on 1 Post
Post

House.
Old 11 April 2003, 06:56 PM
  #36  
jadcoz
Scooby Regular
 
jadcoz's Avatar
 
Join Date: Apr 2003
Posts: 144
Likes: 0
Received 0 Likes on 0 Posts
Post

i would have to say get the sti! reasoning? simple..... get the sti , have a fantastic 1 or 2 years , then you can you had one of the fastest cars on the market that few could rival , then maybe see a little sense and let the scooby go , ok fine you have lost a few thousand on your purchase but hey - if logic and money came into it this web site would be like an iraqi palace - beautiful to look at but not a sole in site!
Old 11 April 2003, 07:30 PM
  #37  
wrightylee
Scooby Newbie
 
wrightylee's Avatar
 
Join Date: Feb 2003
Posts: 24
Likes: 0
Received 0 Likes on 0 Posts
Post

I've just come back from a cross country blast in my STI8 with a bloody great big smile - it's one amazing bit of kit. Sod the mortgage, just buy the flippin car!
Old 11 April 2003, 07:36 PM
  #38  
chrisp
Scooby Regular
 
chrisp's Avatar
 
Join Date: Nov 1999
Location: In wrxshire
Posts: 6,725
Likes: 0
Received 0 Likes on 0 Posts
Post

Funny thing is you southerns pay 300K for a telephone box these days. You can buy half a county up here with thats sort of money and its full of friendly northern folk .

Seriously if you pay off your mortgage what will happen then. Trust me your missus will want a bigger house or a foreign holiday home .
Old 11 April 2003, 07:44 PM
  #39  
Echo
Scooby Regular
 
Echo's Avatar
 
Join Date: Oct 2002
Posts: 1,333
Likes: 0
Received 0 Likes on 0 Posts
Post

I'd get rid of the mortgage and take out a loan for the car with full redundancy protection etc :-)

Mike
Old 12 April 2003, 10:36 AM
  #40  
Stevie
Scooby Regular
 
Stevie's Avatar
 
Join Date: Nov 2001
Posts: 533
Likes: 0
Received 0 Likes on 0 Posts
Post

Unless of course the interest rate on your mortgage is lower than the car finance(and it ought to be), at which point financing the car is going to cost you more money!! Not taking depreciation into account, purely interest rates.
Old 04 September 2003, 10:26 PM
  #41  
DJB
Scooby Regular
 
DJB's Avatar
 
Join Date: Jan 2000
Posts: 516
Likes: 0
Received 0 Likes on 0 Posts
Cool

Just to break the trend, I say get the car.

Ok in purely financial terms you'll save a fortune by paying off the mortgage early but so what. What are you going to do with the money after the mortgage is paid off - maybe buy an STi8?
You could be run over by a bus tomorrow - live a little, get it now.

D.

[Edited by DJB - 4/9/2003 10:42:59 PM]
Old 04 November 2003, 01:34 PM
  #42  
Dave T-S
Scooby Regular
 
Dave T-S's Avatar
 
Join Date: Aug 2000
Location: Newmarket Suffolk
Posts: 8,897
Likes: 0
Received 4 Likes on 1 Post
Wink

Since we seem to be running a parallel "my mortgage is bigger than yours" thread here, ours is £300,000 plus....

I might not be paying it off for a while yet

[Edited by Dave T-S - 4/11/2003 1:35:20 PM]
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Mattybr5@MB Developments
Car Parts For Sale
1
18 November 2015 07:49 AM



Quick Reply: What would you do, new STi or pay off mortgage?



All times are GMT +1. The time now is 11:53 AM.