So angry....

[ix9]

it's hard getting finance for an import dude. it really is.

here's a hint.... if a loan company wants "20% deposit" ie "Security" go get a personal loan for a few thousand to cover the deposit...

ie. then they only have to finance $18k on a $20k car... you dig ?

[iNCOGNiTO]

that's actually a breach of contract and legally they have to honor it. they have verbaly given you approval without mentioning that condition and certanly if you have signed it then they have no choice but to honour it. I'd go to a manager or supervisor, the mistake was there's = there's problem. Hint at legal action as you have already covered certain expenses etc, think you'll find that they may come around. either way, you now have nothig to loose. Go Insurance Companies YAY!

[Guest top_secret]

rac has become full on nazi's recently . screw them . hbf came up with a quote almost half their price for insurance anyway so I have dumped them for everything .

IMO securing the loan with your car is dodgy , who is to say what the finance company may or may not do in the future at their whim . If you can its definetly worth the extra deposit/rate to have an unsecured loan .

If you have to get a domestic car , what about a 200sx . closest you will get to a domestic skyline , apart from a aus delivered r32 gtr . wrx is a bit dodgy , I have seen too many with chronic gearbox problems and modification seems to be quite expensive for the performance gains you get from them . Plus they handle like a front wheel drive with way to much understeer .

[rob77]

I was going to change my car insurance to HBF until I asked them about a front mount intercooler and a boost controller and they said it would void my policy. So after installing these and I had an accident and went and made a claim HBF could turn around and say sorry you voided your insurance when you fitted that stuff. I was already with RAC so I rang them up and checked and they are fine with those modifications. From stories I've heard the only people who are reasonable, when it comes to mods and picking who fixes your car etc is shannon's, but I think you have to be 30+ for them.

[Guest top_secret]

rac no longer insure imports . but their modification policy was good . I have spoken to shannons a few times and sometimes they give you a quote and other times they wont , claiming the only insure classics or weekend driven cars . Plus their premiums jump rapidly with each modification .

[dan_the_man]

RAC told me to buy an SS Commodore instead of an import...Bizarre. Their insurance rocks though

[docile]

Dan, They said the same thing to me. They "found" me a VT SS, but if i wanted one, i would get one wouldnt I......

Out of all the stuff that has happened this week (and what a shit week), one thing is clear, RAC DO offer very good deals with certain cars etc. Repayments and interest rates are so much better than anyone else i've spoken to.

[zanda]

gags.

when I imported my car, the insurance broker (who ended up phucking me around anyway) suggested I should get a V8 soarer cause they're cheaper to insure.

I told him If I wanted a v8, I'd buy a boonga comodore, and save myself $15,000.

he didnt think that was funny.

he drove a V8 soarer.

[raasclaat]

the other bad thing about going with RAC is having to be on hold for so damn long when you phone them - if i hear that "stand by me" song one more time i think i'll go jihad on the RAC building

"yella yelllaa!!"

[RB26DETT 240Z]

Hi All,

I used CBFC to get finance for my R32 GTR. Also with insurance, can't believe people are willing to pay huge sums like $3,200 etc.

I am paying $485 for FULL comprehensive cover, NO kms restrictions etc, 25 yrs old on a R32 GTR ! Now that is a good deal.

[MrSnrub]

I paid over $3000 for insurance when i first got my R33. I was 18 and had 0% no claim. This was through RAC.

It was the cheapest i could get and i really wanted the car, so i can definatly understand people paying that much. If you love the cars and have no other choice...then you gotta pay it. Either that or have an uninsured car OR buy a crap car with no power.

I am now 21 and looking to buy a 89 GTR in the next year or so.... and yeah insurance is gonna be tough to find.

[Guest RedLineGTR]

sux

[puckish]

Dude go to National Australia bank and get an unsecured loan. If you'vce got a credit history haggle them on the interest rate. The only catch is they want the car fully insured...which by the sounds of things shouldn't be a drama.

Good luck it's worth the hassles to geta line.

[streamer]

financing can be a b*tch ey...

well.... im an 18yr old student...frm malaysia too...and i managed to get finance for my skyline..

a few catches tho...i got it frm this broker in Vic Pk, Westralian Auto Finance, Steve was the dude and the catch was i had to get my car thru Skippers Performance Centre and the cars there although clean and nice, are friggin expensive.

well the price to pay for an import and needing finance at this age and havin no credit history and being here on a visa...

so he organized everythin, i paid 50% upfront and he orgranized the other 50% financed and i got my insurance and paying 2600 with HBF...pretty happy...SGIO quoted me 4+...

and now drivin away happily servicing the loan

=)

maybe give him a checkout if yr still havin problems

=)

just my 2 cents....

laters

[G0DF4Th3R]

how much you paying monthly on the loan ?

[docile]

Streamer, sounds good but i ended up sticking with RAC finance and found a nice wrx (in my opinion).

On a side note, Skippers performance pushed to get me finance (and kept hassling for 3 weeks after) but IMHO car dealer finance is bad, VERY BAD.

For Example:

On a $25,000 Skippers car finance deal i would have to pay $120 a week over 5 years HOWEVER at the end i would STILL OWE just under $10,000. Thats the catch with a lot of car dealers. A massive balloon repayment at the end. Interest rates are huge. At first it looks fantastic, but its dodgy as.

With the RAC on a 25K loan, i pay $120 a week and i own the car after 5 years.

Included in that RAC loan are things like income protection and stuff (which bumps the loan up but it adds piece of mind). Skippers said they could offer income protection at an extra $18 a week. After 5 years, thats $4680. Thats a rip off!!

But yeh, im glad everything worked out well for you (and your insurance seems quite good).

How have you found the service from Skippers. They were far to pushy with me (like most car dealers) so im glad i took the risk to buy a car private sale.

Cheers

Mat

[ix9]

Originally posted by puckish

get an unsecured loan.  

they want the car fully insured...

That doesnt make sense... How can they make you/want you to insure a car for your UNSECURED loan ? what tha?