Martin_C
Member
Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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another civic ek9? i love the 350z, the noise, the looks, all that stuff, but i keep thinking...i want another ek9, they're excellent.
i could sell the 350z, get rid of the debt on it, and it'll be cheaper to run/get bits for all that sorta stuff.
is it a good idea? has anyone ever paid off finance if so whats involved?
[Edited on 04-09-2008 by Martin_C]
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John G
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Registered: 18th Jul 05
Location: Wirral, Merseyside
User status: Offline
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id do it personally
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l15ter
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Registered: 1st Feb 08
Location: Berkshire
User status: Offline
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Adam_B
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Registered: 13th Dec 00
Location: Lancashire
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No way.
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Pete_vxl
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Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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my brother paid off finance but he then re-financed with another company.
all you have to do is pay the settlement figure and thats it, although alot of motor companys have additional charges, like admin fees
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Paul_J
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Registered: 6th Jun 02
Location: London
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yeh i for see 350z's falling in price dramatically in the next couple of years.
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Martin_C
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Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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well i'd clear my debt, it'd be cheaper to run/tax/insure/service/get bits for, and the ek9 was the best car i ever had and i just really fancy another!
only thing that's really putting me off...is the 350z resale value, they seem to be going for about 15k, i paid 20k in nov 2007 
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Paul_J
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Registered: 6th Jun 02
Location: London
User status: Offline
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the price is only going to drop more mate.
Credit Crunch etc...
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Martin_C
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Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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quote:
Originally posted by Pete_macari
my brother paid off finance but he then re-financed with another company.
all you have to do is pay the settlement figure and thats it, although alot of motor companys have additional charges, like admin fees
i'll need to get a loan then and pay it off?
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RCoughtrie
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Registered: 31st Oct 04
Location: East Ayrshire Scotland
User status: Offline
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If your struggling on financial reasons with the 350z defo, but if you can afford it I wouldnt down grade
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Pete_vxl
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Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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if it makes you happy and it will be cheaper, i believe its a no brainer.
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Martin_C
Member
Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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quote:
Originally posted by Paul_J
the price is only going to drop more mate.
Credit Crunch etc...
bail out now 
if i were to get an ek9 i'd happily import one, save a few bob and get really low miles minter.
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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quote:
Originally posted by Adam_B
No way.
If you can afford to keep the 350z don't go back to an EK9, huge down grade IMO!
Onwards and upwards, not backwards
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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EK9.
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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quote:
Originally posted by Martin_C
quote:
Originally posted by Pete_macari
my brother paid off finance but he then re-financed with another company.
all you have to do is pay the settlement figure and thats it, although alot of motor companys have additional charges, like admin fees
i'll need to get a loan then and pay it off?
phone me mate and i can get you a loan  yeh would need to gather the outstanding balance and pay it off. so technically you would need a loan for the outstanding price on the 350 and money for your ek9 unless you have savings.
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Martin_C
Member
Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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quote:
Originally posted by RCoughtrie
If your struggling on financial reasons with the 350z defo, but if you can afford it I wouldnt down grade
i'm not struggling with it really, i could just be alot better off with no debt, rather than shelling out £360 on finance plus fuel etc, and it needs servicing etc done at a dealers, it all adds up.
plus i'm getting to the stage i'm bored with it, i want more power, and that costs mega bucks. but its soo pretty, argh.
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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It all depends on what you owe on the Z though? If the settlement figure is less than the value of the car, then obviously you won't need a loan. But I'm guessing you will need one for the paying of the finance, AND an EK9. Either way, I think a loan s better than finance
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SAL
Premium Member
Registered: 19th Dec 05
Location: Radlett, Hertfordshire
User status: Offline
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An EK9 aint that much of a downgrade tbh
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Martin_C
Member
Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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quote:
Originally posted by Pete_macari
quote:
Originally posted by Martin_C
quote:
Originally posted by Pete_macari
my brother paid off finance but he then re-financed with another company.
all you have to do is pay the settlement figure and thats it, although alot of motor companys have additional charges, like admin fees
i'll need to get a loan then and pay it off?
phone me mate and i can get you a loan yeh would need to gather the outstanding balance and pay it off. so technically you would need a loan for the outstanding price on the 350 and money for your ek9 unless you have savings.
the finance was around 10k, so it must be about 7k i owe, pay that off, sell the 350 for say...17k, i have 10k change. which is a fuck load for an ek9.
daniel i'd say the ek9 is only a downgrade in poser and age factors, ek9's are superb cars, mind you they don't go sideways round roundabouts
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Martin_C
Member
Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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quote:
Originally posted by Eck
It all depends on what you owe on the Z though? If the settlement figure is less than the value of the car, then obviously you won't need a loan. But I'm guessing you will need one for the paying of the finance, AND an EK9. Either way, I think a loan s better than finance
thats only if i sell it back to the dealer tho surely?
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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best thing to do is speak to your financer and book a financial review with your local branch or independant advisor then you can weight stuff up.
i would also like to add i wish i had your problem of downgrading to a type R lol
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Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
User status: Offline
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I think you need your head testing! How much did the wheels set you back on the 350z? They have recently lost a lot of value, think it would be a bad time to sell.
Some accord/integra thing accelerated past me tonight (think it was an integra), with a big exhaust on, sounded proper crap, as my mates put it you arn't really interested in cars, "sounds like its about to blow up".
[Edited on 27-08-2008 by Carl]
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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Independent advisor - we're not comparing mortgage packages here.
Get a settlement figure, find out what the car is worth, the difference is what you can spend on the next car.
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Martin_C
Member
Registered: 27th Jun 03
Location: Ayrshire, Scotland
User status: Offline
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well i had a quick look and once i'd paid off the finance and sold the 350z for a realistic price i'd be able to get an ek9 debt free.
and the wheels didnt cost much
i wouldnt be buying a civic to blat past people going "look at me spoon bruv, proper jdm init"
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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quote:
Originally posted by Carl
I think you need your head testing! How much did the wheels set you back on the 350z? They have recently lost a lot of value, think it would be a bad time to sell.
Some accord/integra thing accelerated past me tonight (think it was an integra), with a big exhaust on, sounded proper crap, as my mates put it you arn't really interested in cars, "sounds like its about to blow up".
A DC2 integra wanted a race the other day, alot of noise and it didnt seem to go anywhere. They may be "hip" but a big loud exhaust makes you as much of a "chav" as a corsa with a big exhaust IMO. Looked like a bell end
Re your problem, if you need the spare cash sell up now, cars will only depreciate. If you dont "need" to then keep it.
I too lost alot of money on my car since i have bought it. Bloody credit crunch!
[Edited on 27-08-2008 by Jambo]
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