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Vic Wasteland Thread

R31Nismoid

By R31Nismoid,
in Victoria

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joeyjoejoejuniorshabadoo
joeyjoejoejuniorshabadoo

probably worth more than your D1R's

Mohsen
Mohsen

i kinda want one. name him al pacacino.

Birds
Birds

You laugh now, but when I'm at a formal occasion with a shitty DJ and they need someone to drop Dre beats...I have something up my sleeve.

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Count Grantleyish Grand Master

Count Grantleyish

Posted
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Question:

Bike I'm looking at buying has finance on it after doing PPSR check, what steps do I need to take if I want to buy it or just steer clear completely??

Nah, you're sweet bro.

Count Grantleyish Grand Master

Count Grantleyish

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Posted

Steer clear the finance company will not tell you the payout figure and you run a risk of the seller not paying the finance.. by law the bike can be repossessed without any question

When I bought my 1st gtr, I contacted finance company requesting a figure saying I have seller's permission to ask, and they gave me a figure and I made a bank cheque payable to the finance company, seller ended up gave me loose change cos it was like $11 or something more than asking price.

T'was kinda strange experience of receiving loose change and keys at the end of transaction.

alr33x Grand Master

alr33x

Posted
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Kids on the way mate?

lol nah the audi turned to a heap of shit so got this ill get it stickered up with work branding for couple of years then give it to the wife it's a bit of a stop gap cos I want the Lexus rc but isn't out and couldn't wait. Tell ya what though it's top of the range and you'd pay at least 40-50k more for a similar spec level in a German brand which seems a bit silly to me these days

joeyjoejoejuniorshabadoo Grand Master

joeyjoejoejuniorshabadoo

Posted
Posted

cool thanks for the response.. I think it looks like he has it on his mortgage.. wonder if that'll make it even harder.

I sincerely doubt that.

If he has restructured his mortgage to include the bike, the bike will likely now be unencumbered.

There is not a lot (read 0) incentive for a banker to bother registering a charge to a measley $14k asset to secure a mortgage, let alone one that will depreciate rapidly. I wouldn't even be able to use one as security for a house if I wanted to bother due to depreciation vs loan term.

Not to mention, depreciating assets really cant be used as regulated home loan security anyway... as a business product it is technically possible, however highly stupid and extremely unlikely

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