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Old 10-16-2004, 18:58   #1 (permalink)
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Tempted yes

Yesterday I was in one of the local ford dealers looking at the new Fiesta and Focus. Thought i'd check those cars out as a good reliable daily. Very good on Petrol and both cars a re very smart looking units. Anyway I ran into someone I know, who couldn't decided between the GT and the Typhoon. He was just about to make his purchase. So this got me thinking on the way home about my aspirations to oneday own my own GT. Anyway, I had to speak to the bank this morning on a home loan matter and raised the question about an increase to cover the cost of a new GT. And it didn't seem to be a problem. She says it will have to be approved, but going by assests and your income, its going to no drama. So this had me thinking very hard. Should I or shouldn't I. Then this little voice in the back of my head said, rate rises, petrol rise, insurance's, running costs, mods and for the first time in my life, I actually said no to something that is very affordable. The opportunity is right for the taking, and I turned it down. I've never been too smart when it comes to money, but maybe now, its a good time for me to start

Weird how somethings work, but I think what I have at the moment, is more important that having something for the hell of it.

I've set my goals for a GT in 2 years. Don't want the P, because I don't want things like brembo's, and just getting into a GT would be a dream. I'm keeping my AU 3 XR6, cause its a great looking car and is reliable. Don't think I could part with it yet.

Anyway, just wanted to share my thoughts with people.
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Old 10-16-2004, 19:06   #2 (permalink)
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Re: Tempted yes

Hmm. If it were me I'd have gone straight for the GT. But I lack the ability to process rational thought
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Old 10-16-2004, 19:25   #3 (permalink)
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Re: Tempted yes

Did you end up getting anything??? He he.

My choice would be the F6....

However, with the GT, I would defintely get the GT-P as the premium sound and other goodies are soooo worth it. However, I've become used to premium sound in my car, so I couldnt see myself getting another without it, especially at GT. From what I hear, the Brembos are also very much worth it. I would also like the climate control - just a useful toy really.

My ultimate choice would be F6 in Silhouette, dark window tint, sunroof, option the Brembos and sat nav. Or GT-P with tint, sunroof and sat nav (no stripes), same colour.

But I also went to order the F6 and changed my mind for a few reasons. One of them being that I decided to build a house instead. That choice is killing me because I soooo want the car, but when the house is built, Im sure I will be glad I made the choice I did. F6 for this time next year maybe.

So I understand the choice you made! Its painful to be mature and making sensible decisions, isnt it??? He he. Good luck with your choice when you get it!
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Old 10-16-2004, 19:33   #4 (permalink)
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Re: Tempted yes

It's a good plan - work on the morgage first, and then enjoy your toys down the track.

You will be better off in the long run.
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Old 10-16-2004, 19:39   #5 (permalink)
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Re: Tempted yes

I would never put a car on a mortgage. I couldnt stand knowing I was paying off a depreciating asset for 20 years and all the interest on it. In the end the car would probably cost 50% again just in interest.

Edit: Just did a rough calculation based on a $200K house and a $70K car. Just for rough numbers. Over the life of a 20 year loan that extra $70K actually ends up costing $130K if you add all the interest payments. Whats a BA GT going to be worth in 20 years? Fortunatly the how will probably cover the cars depreciation but theres no way I want to pay over $100K for a BA GT!!!!!
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Old 10-16-2004, 19:59   #6 (permalink)
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Re: Tempted yes

Ewww just lease a new XR8 or something, and then own it after 5 years...

Dont put it onto your mortgage, thats for people who are in desperate times...
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Old 10-16-2004, 21:09   #7 (permalink)
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Re: Tempted yes

Quote:
Originally Posted by XRchic
Did you end up getting anything??? He he.

My choice would be the F6....

However, with the GT, I would defintely get the GT-P as the premium sound and other goodies are soooo worth it. However, I've become used to premium sound in my car, so I couldnt see myself getting another without it, especially at GT. From what I hear, the Brembos are also very much worth it. I would also like the climate control - just a useful toy really.

My ultimate choice would be F6 in Silhouette, dark window tint, sunroof, option the Brembos and sat nav. Or GT-P with tint, sunroof and sat nav (no stripes), same colour.

But I also went to order the F6 and changed my mind for a few reasons. One of them being that I decided to build a house instead. That choice is killing me because I soooo want the car, but when the house is built, Im sure I will be glad I made the choice I did. F6 for this time next year maybe.

So I understand the choice you made! Its painful to be mature and making sensible decisions, isnt it??? He he. Good luck with your choice when you get it!
Premium sound and climate control are now standard on the GT.
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Old 10-16-2004, 21:13   #8 (permalink)
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Re: Tempted yes

Quote:
Originally Posted by FPV TURBO
Ewww just lease a new XR8 or something, and then own it after 5 years...

Dont put it onto your mortgage, thats for people who are in desperate times...
Depends on when you entered the market, and how much of the home you actually own. Interest rates on a home loan are a lot cheaper than getting into a car loan.
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Old 10-16-2004, 21:24   #9 (permalink)
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Re: Tempted yes

Quote:
Originally Posted by Casper
I would never put a car on a mortgage. I couldnt stand knowing I was paying off a depreciating asset for 20 years and all the interest on it. In the end the car would probably cost 50% again just in interest.

Edit: Just did a rough calculation based on a $200K house and a $70K car. Just for rough numbers. Over the life of a 20 year loan that extra $70K actually ends up costing $130K if you add all the interest payments. Whats a BA GT going to be worth in 20 years? Fortunatly the how will probably cover the cars depreciation but theres no way I want to pay over $100K for a BA GT!!!!!
That is assuming that you do not make extra payments for the entire life of the home loan.

Not all cars are currently depreciating... Majority-yes, but not all. What will a 2004 GT be worth in 20 yrs time? It could be worth more than it's acutal purchase price. Have a look at the XR-XB GT falcons, RS2000 escorts, mustangs, etc from the 60's and 70's. They seem to be worth more than what they cost brand new. And what will the home be worth then?
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Old 10-16-2004, 23:08   #10 (permalink)
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Re: Tempted yes

two ways of looking at it
1. You only live once
or
2. The bank wouldnt give you the money unless their was something in it for them

And using Caspers' figures 70k over 20 years still equals $125 a week..... Whoa!
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