Re: Buying a car on a house loan?
I'm paying off 15,000 at 258.40 a month for 7 years. 1.5 years into the loan and I'm thinking maybe I shouldn't have got the loan, it would have been better to save it. But then I listen to my car stereo and a look at all the other stuff I got with it and then I feel better.
My personal loan is locked at 11.9% for the 7 years. Cos I was a student at the time the 100 dollar application fee was waved. I can make as many payments as I want plus I can pay out the difference early without penalty. I asked them at the time about getting a car on a home loan rate and they say a home loan is for a home not a car, besides to get a home loan I think you need to talk to the bank manager and prove you can save x amount of dollars in x amount of months. Personally I would keep them separate, but I don't think you can borrow 215,000 dollars and spend 200,000 on a house and 15 on a car.
The best advice I can give is go into the bank and ask them persoanlly. I spent 15 minutes with a chick at the enquries desk and she told me everything I needed to know and then some. By the way, I went with the commonwealth bank just so you know
1992 Series II Falcon GLi
4.0i Auto Sedan, Cardinal Red
2.5' Sports Exhaust, Clear Indicators & Repeaters
15x7 "Titans", Tinted, Boss 14' Steering Wheel
Lowered, Chrome Stripping, Trip Computer
EL Door Handles, All Round Pioneer Sound
Sports Instrument Cluster, Super White Xenon Headlights
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New Front Bar (Wombat Damage)
ED Tickford Spoiler