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Apologies if this is in the wrong forum......
I'm kinda new to the forums, so I'll say hi while I'm at it. HI! :heydude:
I have been thinking about buying a new car for a while now, as while I love my EF to bits its not getting any younger, and the head gasket time bomb issue is looming on the horizon. Basically, while I love the car, I'm being practical about it and there's just no point putting money into/on it, because I'll never see the money again. That, and I'd like some of the mod cons that just aren't possible on the EF without serious dollars.
So, I've started looking at buying a BA XR6 Ute, as I've driven a few (due to a family friendship with the dealers) and I like them alot (hell who doesnt!). My plan is to wait until around April/May of 2004 before I start seriously looking around for one, as by that time, if I have my info right, BA II shouldnt be too far away (hopefully), and I will be able to buy the ute as an 18th birthday present.
Basically I'm operating on the principle that a BA XR6 Ute with a few options (sequential, leather, LSD, Citric Acid, Sportsbar, Alarm, Passenger Bag etc) will cost me around $34-35000 new, this is coming from a few quotes I have already obatined via the Internet. I'm 99% sure I'll be able to beat this price at the local dealers, and if runout deals are around at that time, I should be able to pick one up for closer to $30K.
I have an EFII Futura that Ive modded a bit (lowered + exhaust + mags etc), has 173000kms on it, so I would aim to sell that for about $8000 privately. Assuming I sold it for that price, that would leave me a $22-25000 changeover price. Using Ford Credit I have calculated that through them I can borrow about $30,000, paying back $500 a month for 60 months (5 years). I'm pretty sure I can afford to do this, as I dont live away from home, and if I do go ahead with the ute I wont move out because it'll mean less costs so I can pay the ute off quicker, but I will be going through all my financial details as well as the purchase etc with both the dealers as well as a friend of mine who is a financial planner.
Basically my only 'worry' with the whole thing is that I will be paying a large amount of money off when I am 18 years old. This doesnt worry me much because I'm sure I can do it, but the intial fact that I'm playing with a large sum of money with little room for error just has me a little hesitant. I still have 6 months to play with as I wont be 18 till April next yr, and yeah I know it sounds crazy buying a BA when Im only 18, but in all seriousness, if you were me, would you do it, and do you have any advice on this? I just wanna make sure I know as much as possible and have as much knowledge from people who have been there done that before me, so nothing takes me by surprise.
Any advice/comments/info would be greatly appreciated!
Thanks,
Aust (Sadowsky5).
I'm kinda new to the forums, so I'll say hi while I'm at it. HI! :heydude:
I have been thinking about buying a new car for a while now, as while I love my EF to bits its not getting any younger, and the head gasket time bomb issue is looming on the horizon. Basically, while I love the car, I'm being practical about it and there's just no point putting money into/on it, because I'll never see the money again. That, and I'd like some of the mod cons that just aren't possible on the EF without serious dollars.
So, I've started looking at buying a BA XR6 Ute, as I've driven a few (due to a family friendship with the dealers) and I like them alot (hell who doesnt!). My plan is to wait until around April/May of 2004 before I start seriously looking around for one, as by that time, if I have my info right, BA II shouldnt be too far away (hopefully), and I will be able to buy the ute as an 18th birthday present.
Basically I'm operating on the principle that a BA XR6 Ute with a few options (sequential, leather, LSD, Citric Acid, Sportsbar, Alarm, Passenger Bag etc) will cost me around $34-35000 new, this is coming from a few quotes I have already obatined via the Internet. I'm 99% sure I'll be able to beat this price at the local dealers, and if runout deals are around at that time, I should be able to pick one up for closer to $30K.
I have an EFII Futura that Ive modded a bit (lowered + exhaust + mags etc), has 173000kms on it, so I would aim to sell that for about $8000 privately. Assuming I sold it for that price, that would leave me a $22-25000 changeover price. Using Ford Credit I have calculated that through them I can borrow about $30,000, paying back $500 a month for 60 months (5 years). I'm pretty sure I can afford to do this, as I dont live away from home, and if I do go ahead with the ute I wont move out because it'll mean less costs so I can pay the ute off quicker, but I will be going through all my financial details as well as the purchase etc with both the dealers as well as a friend of mine who is a financial planner.
Basically my only 'worry' with the whole thing is that I will be paying a large amount of money off when I am 18 years old. This doesnt worry me much because I'm sure I can do it, but the intial fact that I'm playing with a large sum of money with little room for error just has me a little hesitant. I still have 6 months to play with as I wont be 18 till April next yr, and yeah I know it sounds crazy buying a BA when Im only 18, but in all seriousness, if you were me, would you do it, and do you have any advice on this? I just wanna make sure I know as much as possible and have as much knowledge from people who have been there done that before me, so nothing takes me by surprise.
Any advice/comments/info would be greatly appreciated!
Thanks,
Aust (Sadowsky5).