Jump to content
SAU Community

Recommended Posts

Gday ppl!

Im thinkn about bringing over a V35 350GT coupe from japan, coz the sticker prices on these cars I see here in adelaide are quite frankly staggering ($40K plus) and Im suprised people are paying this when turbo, manual 34's are only around the $24K mark... $17-$20K privately... Obviously I like the V35 coupe, but at that price, give me a R34 any day!! Hell I could get an R32 GTR in show condish!

Anyway, back on topic... I'm just wondering how people here go about aranging finance for a car that is not even here in the country? I mean, I can afford a $30,000 car, but I dont have $30,000 if you get my drift! Anyone here got a favourite bank etc that they have success with in the past? Is there such a thing as a car loan for these types of vehicles or are people forced to pay the higher interest rate of a personal loan? I've known people 1st hand who have gone for local vehicles such as fords and holdens (new) believing they could not arrange finance for a car that was still in japan.... so sad...

Any advice or past experiences would be greatly appreciated.

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/
Share on other sites

Yeah, personnal loans interest rate isn't that much higher ... and there's better flexibility in acquiring the funds for your car.

If its a car loan, then you'd need to provide documentation on the car before they'll hand over a cheque.

I was lucky ... I paid for my 2 Stageas in cash :D

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3978538
Share on other sites

Interest rate may be the same but a personal loan has the interest & fees calculated up front which is payable regardless of how soon you pay it off.

Having said that, I don't think you've got much choice.

If you've got a mortgage, that may be a better way of doing it by extending your home loan (tell them its for a renovation) or use your redraw facility which most variable loans have.

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3978733
Share on other sites

yeah you will finance a bit hard to get as soon as you mention you are forking the cash over to some unknown entity overseas, in the hope that they will send you a car. If I was you I'd get a personal loan and say it is for a holiday :)

Yes, like Reuben, I bought my R34 for cash - didn't have to worry about a loan then :D

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3978734
Share on other sites

Interest rate may be the same but a personal loan has the interest & fees calculated up front which is payable regardless of how soon you pay it off.

Having said that, I don't think you've got much choice.

If you've got a mortgage, that may be a better way of doing it by extending your home loan (tell them its for a renovation) or use your redraw facility which most variable loans have.

i agree with sled, the better option is to either redraw (if you have a variable home loan) or if possible apply for a top up on your loan. with the commbank there are three types of personal loans that you can apply for unsecured fixed, variable and secured fixed rate

the loan terms for unsecured tend to be around the 1-7 years with minimum starting at 5000 with a max of $50,000.

the fixed rate secured loan is for cars that are bought from reputable car yards, with the car being no older than 5 years. the loan term on these are 1-5 years with min 14,000 and no maximum amount you can borrow.

also to add there tends to be a establishment fee of around 300.

in order to apply for a personal loan, one must be working preferably full time and be able to provide financials for two consecutive pay slips. what i also say is the more information you can give the better.

as long as the loan purpose is for "personal use" they dont really care. say its for a holiday, say its for a wedding, say its for rennovations.

by all means shop around for rates, value and service.

if you have questions, dont hesistant to ask

goodluck with it all

:)

Edited by R33LIN
Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3979399
Share on other sites

im rocking a unsecure personal loan... 12% interest witch isnt greattt... but at 18 wat can i expect.. im threw westpac... no prods just call em ad tell em what you want. pretty sure imported cars cant be used as a security tho (dont ask why) also puts interest up a % or 2..

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3979947
Share on other sites

in before

zomfg don't be a n00b and finance a car, if you can't afford it outright you can't afford it at all11111111111 rofflebbq

Whats wrong with loans? if you can afford payments it saves having to wait 3-4 years to save the money plus it gives you a good credit rating.

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3980142
Share on other sites

im rocking a unsecure personal loan... 12% interest witch isnt greattt... but at 18 wat can i expect.. im threw westpac... no prods just call em ad tell em what you want. pretty sure imported cars cant be used as a security tho (dont ask why) also puts interest up a % or 2..

Im through Adelaide Bank, and have a car loan for mine secured at 7.95 ish % over 7 years. They have a much better rate than most banks, my mum works and Westpac and she couldn't match the rate of Adel. bank.

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3980296
Share on other sites

paid cash for my car and boat i hate loans with a passion house has been paid off for 3 yrs and loving it

Yep, I hate credit cards and loans too. Loans have their place, but the sooner you knock 'em off the better. There is nothing wrong with loans as long as you manage your money properly. I've always worked my money to make the best return for me. 6 years on, it worked and I've paid all my debts off. I have 2 cars, 4 bikes, a home and no credit cards ... and I'm now looking at purchasing my next house with a fat deposit, and renting out the existing home. I'll be taking out an 80% loan for the house, but I'll have it paid off in 10 years if I manage my capital/money right (again)!

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3980308
Share on other sites

ive often thought of a investment property but have seen to many horror stories tenents from hell ect and the law seems to be on there side and not the house owners . all our extra goe's into super atm till something better comes up

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3980332
Share on other sites

Id see a broker,

they'll shop round for the best rate for only a small fee. Eg my loan of $10k, banks couldn't do better then 13.5% but this guy i used secured me 9.5% with a mob called Lifeplan. Unfortunately hes moved o/seas (lol no its not dodge) but im sure a quick google or yellowpages search will find another.

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3980347
Share on other sites

im rocking a unsecure personal loan... 12% interest witch isnt greattt... but at 18 wat can i expect.. im threw westpac... no prods just call em ad tell em what you want. pretty sure imported cars cant be used as a security tho (dont ask why) also puts interest up a % or 2..

I got loan through CPS community and they took my R32 as security...

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3980377
Share on other sites

Pretty sure that with an unsecured personal loan, you dont need to provide anything as security, if you can't pay the money back, the bank will hunt you down. But if your getting a secured car/home loan, they take the car/house as security.

Link to comment
https://www.sau.com.au/forums/topic/225943-finance/#findComment-3980404
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


  • Latest Posts

    • I'm looking for some real world experiences/feed back from anyone who has personally ran a EFR7670 with a 1.05 exhaust housing or a .83 I'm leaning towards the .83 because its a street car used mostly for spirited driving in the canyons roads. I"m not looking for big numbers on paper. I want a responsive powerband that will be very linear to 8000 rpm. I dont mind if power remains somewhat flat but dont want power to drop off on top. The turbo I've purchased is a 1.05, although the mounting flange T3 vs T4 and internal vs external waste gates are different on both housings, I not concern about swapping parts or making fabrication mods to get what I want. Based on some of the research I've done with chat gpt, the 1.05 housing seems to be the way to go with slightly more lag and future proofing for more mods but recommends .83 for best response/street car setup. AI doesn't have the same emotions as real people driving a GTR so I think you guys will be able to give me better feed back 😀   
    • Surely somebody has one in VIC. Have you asked at any shops?  Is this the yearly inspection or did you get a canary?
    • This is where I share pain with you, @Duncan. The move to change so many cooling system pieces to plastic is a killer! Plastic end tanks and a few plastic hose flanges on my car's fail after so little time.  Curious about the need for a bigger rad, is that just for long sessions in the summer or because the car generally needs more cooling?
    • So, that is it! It is a pretty expensive process with the ATF costing 50-100 per 5 litres, and a mechanic will probably charge plenty because they don't want to do it. Still, considering how dirty my fluid was at 120,000klm I think it would be worth doing more like every 80,000 to keep the trans happy, they are very expensive to replace. The job is not that hard if you have the specialist tools so you can save a bit of money and do it yourself!
    • OK, onto filling. So I don't really have any pics, but will describe the process as best I can. The USDM workshop manual also covers it from TM-285 onwards. First, make sure the drain plug (17mm) is snug. Not too tight yet because it is coming off again. Note it does have a copper washer that you could replace or anneal (heat up with a blow torch) to seal nicely. Remove the fill plug, which has an inhex (I think it was 6mm but didn't check). Then, screw in the fill fitting, making sure it has a suitable o-ring (mine came without but I think it is meant to be supplied). It is important that you only screw it in hand tight. I didn't get a good pic of it, but the fill plug leads to a tube about 70mm long inside the transmission. This sets the factory level for fluid in the trans (above the join line for the pan!) and will take about 3l to fill. You then need to connect your fluid pump to the fitting via a hose, and pump in whatever amount of fluid you removed (maybe 3 litres, in my case 7 litres). If you put in more than 3l, it will spill out when you remove the fitting, so do quickly and with a drain pan underneath. Once you have pumped in the required amount of clean ATF, you start the engine and run it for 3 minutes to let the fluid circulate. Don't run it longer and if possible check the fluid temp is under 40oC (Ecutek shows Auto Trans Fluid temp now, or you could use an infrared temp gun on the bottom of the pan). The manual stresses the bit about fluid temperature because it expands when hot an might result in an underfil. So from here, the factory manual says to do the "spill and fill" again, and I did. That is, put an oil pan under the drain plug and undo it with a 17mm spanner, then watch your expensive fluid fall back out again, you should get about 3 litres.  Then, put the drain plug back in, pump 3 litres back in through the fill plug with the fitting and pump, disconnect the fill fitting and replace the fill plug, start the car and run for another 3 minutes (making sure the temp is still under 40oC). The manual then asks for a 3rd "spill and fill" just like above. I also did that and so had put 13l in by now.  This time they want you to keep the engine running and run the transmission through R and D (I hope the wheels are still off the ground!) for a while, and allow the trans temp to get to 40oC, then engine off. Finally, back under the car and undo the fill plug to let the overfill drain out; it will stop running when fluid is at the top of the levelling tube. According to the factory, that is job done! Post that, I reconnected the fill fitting and pumped in an extra 0.5l. AMS says 1.5l overfill is safe, but I started with less to see how it goes, I will add another 1.0 litres later if I'm still not happy with the hot shifts.
×
×
  • Create New...