Jump to content
SAU Community

Recommended Posts

bank kunce

what's the better option

1. small personal loan (~$5k) for a car (through CBA)

2. refinance or whatever the correct term is, my home loan to get an extra $5k (if that's even possible). My current home loan interest rate is 5.97%

go

Wait a few months and save. Unless you're going to pay the loan of quickly there's no point in paying fees and interest. And if u can pay it off that quickly u may as well just save and not bother with the hassle.

It'll be a little hard to refi the mortgage for an extra 5k

Then I'd probably be applying for a credit card or increasing the limit if u currently have one. Just pay it off when u can and drop the limit. Personal loan will only be a few % cheaper if u can find a low rate card. Paying it off in a couple of months and your done

Will also take more than a week for some banks to get a loan where as a credit card limit increAse would be overnight in most cases

Got a 10k limit on my credit card... But think for cash advances the interest rate is stupid high...Don't know coz I've never used cash advance.

Might be an option considering most personal loans charge a fee if u pay it off within the first 12 months...

Hamish & Andy, insider opinion?

Yeh it will be a difference if you make a purchase of a car from a car yard as such. Then there is no cash advance as its a purchase.

There are heaps of yards that have cars for under 5k with onroads included

Lee cousin's mate is selling a blue r6 same as that one should be able to get it for ~8k maybe even less it's '07 but

Lemme know if you want details

Depends how many KMs on it, prefer 08 and newer due to revised engine but if the price is right.. what else can you tell me about it? bikepoint link ?

Is it that really that much of a hassle to refinance your home loan?

Say difference in interest rate is 6% for a personal loan, @ $5,000

It's only going to cost you about $25p/m

Yeh with justifying what the $5k is for since it most banks will want it to be for the house. Then valuations and all that shit, contract refi fees etc. PITA for just 5k..

Personal loan at 6%? Lol where?

Got a 10k limit on my credit card... But think for cash advances the interest rate is stupid high...Don't know coz I've never used cash advance.

Might be an option considering most personal loans charge a fee if u pay it off within the first 12 months...

Hamish & Andy, insider opinion?

Instead of a cash advance you could always send it to your paypal account then withdraw into your bank account.

Listening to RACV battery service guy talk crap to my mum about there being no difference between Lexus SC400 and Toyota Soarers and how they are both made by TRD...do correct or let ignorance slide?

Do u have redraw or offset account on ya mortgage you could tap? As said not worth refinancing for but then personal loan is higher rates and payout fees etc

Lovin the Audi so far and iphone5 oh how much better it is!

Guest
This topic is now closed to further replies.



  • Similar Content

  • Latest Posts

    • Thanks for doing that Duncan! Makes you a good person in my books. We don't get kangaroos or wombats here. But we have bats and it's similar. AFAIK it's often the mums with a baby attached that get hit because they drop lower when starting from a tree. If you hit an animal, check on it. https://www.ifaw.org/au/resources/wildlife-rescue-app An app to get the closest wildlife rescue contact.
    • My dream is also to have a proper hoist, but I don't think it will ever happen. My quickjack is probably as close as I'll ever get, it really is very good though. 
    • Yeah we keep on in the dailies, it is pretty poor how many animals get hit and the driver leaves without checking....have saved a couple of little ones over the years. Bit of a gruesome job though, pouches generally need to be cut open because they are so tight and often the joey doesn't realise mum is gone so they are still locked onto the teat. I checked the modules in front of the DS wheel where an oil cooler should go.... There is the radar unit - that can go for race use) One of the 2 HX water pumps, the silver cylinder. That needs to be kept but might be able to be relocated But the bad news, the big computer mounted vertically in front of the wheel (blocking any potential air exit) is the electric steering computer. That is required until/unless i do a hydraulic steering conversion, and in CAD based modern car design it is not like I can just pop a big unit like that somewhere else (plus the loom would be too short anywhere else too). So, the passenger side is OK to clear out (just use a smaller washer reservoir, potentially elsewhere), but the DS no beuno
    • Well, all the best with the new camry It was interesting to hear about the UK process, it is generally a lot more streamlined here with a shipping agent looking after all the import side (noting the exact final price can still be a surprise.....) and I've used a few different brokers on the japan (or US) side, and never had any trouble with any of them....luck of the draw I guess. You mentioned you didn't get the auction sheet (understandable since you bought it from a dealer, not auction), but I always try and get hold of that because they are pretty thorough. I've imported 2x R grade vehicles over the years and both were fine, repairs in Japan are pretty thorough compared to here in Oz.
    • BTW I measured the jack I have, it is 70mm at the saddle but you only have about 700 until it returns to 150mm high at the cylinder so it is good but no magic bullet.
×
×
  • Create New...