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      03-22-2011, 01:11 PM   #23
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gIzzE's Avatar
United Kingdom

Drives: Merc E350 cgi Estate + RR TDV8
Join Date: Apr 2006
Location: Norfolk, UK.

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Originally Posted by rogerxp View Post
My whole world is financed up to the hilt; I just can't get enough 'free' money .


I finance my cars, well I bought my current E320cdi estate for 18000 cash, but then needed to do some work on the house so financed the car at 3% above base and 13k to release some funds.

I also borrowed 100,000 to buy the remaining shares in my company 5 years ago over 15 years, and have got that down to around 18000 now, so hoping to have it paid off in no more than 2 years.

Also have a mortgage for 212,000 which was fine 2 years ago when the property was worth 350k+, but bet it is worth no more than 250k at the moment, maybe even less.

So I feel completely financed up, but hopefully in 2-3 years time that will all seem a distant memory and will have been worth the gamble.
We shall see!!
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      03-22-2011, 01:31 PM   #24
Em135eye's Avatar
United Kingdom

Drives: M135i
Join Date: Jul 2009
Location: South West

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Gizze -LOL! Total opposite of us! Own everything outright and debt free but rent and save regularly (in chunks of dividends). So very allergic to paying interest that we aim to buy (probably this place) outright some day soonish - about halfway there in savings. However with house prices as they are we are considering some business investments as an alternative.

A very big "hmmmmmmm...??!!"
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      03-22-2011, 02:02 PM   #25
First Lieutenant

Drives: f30
Join Date: Oct 2009
Location: leics

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I own both our cars outright though as they are a 2010 Octavia and a 2007 Prius maybe not too much to feel smug about.

Ever since I got an offset mortgage I'm obsessed about clearing the remaining balance (nearly there!) and it really puts me off splashing out on anything frivolous!
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      03-22-2011, 02:13 PM   #26
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United Kingdom

Drives: M3 Comp Pack / QQ+2 Tekna
Join Date: May 2008
Location: Stockport, Cheshire

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This always makes me laugh, I own my car outright (OK it's nothing fancy) but am still paying off my reg plate (think I've got it the wrong way round!) .

Debt really doesn't trouble me but, that said, I'm happy not to attract too much more (unless it's car related) .
Current -: MW E92 M3 Competition Pack / Qashqai+2 Tekna 1.6dci
Gone -: 370Z GT Roadster; BMW X3 3.0d xdrive M Sport; E46 330i M Sport Coupe; Mazda RX8 231; Nissan 350Z GT Roadster; BMW E90 330d M Sport; BMW E92 335i SE; Maserati 4200; Nissan 350Z; Honda S2000; Astra Coupe Turbo; Ford Probe
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      03-22-2011, 02:18 PM   #27
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United Kingdom

Drives: 2007 E91 320D M Sport
Join Date: Mar 2011
Location: Northamptonshire

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I've been in trouble with credit before so I'm always a little weary about taking out finance but I've had to on my new car. It's costing me a lot of money to begin with but I'm hoping to refinance in a year or two to bring the payments down.

I've had a lease car for the last 4 years and it's a nice feeling not having to worry about anything going wrong. The problem is the deals are often only had on 10k mile pa. and I do at least twice that. Leasing wasn't an option this time round
2007 320D M Sport Touring Sparkling Graphite
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