Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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paying it off early would be cheaper than paying monthly
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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I'd be confirdent on there not being a redemption fee if the loan is long term and hes only got a year left.
Pay the loan off. Theres no point paying interest (in essence) on everything you intend to buy now.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Use the money to get some stickers made up to put on you car. Oh wait 
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Adam_B
Member
Registered: 13th Dec 00
Location: Lancashire
User status: Offline
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pay the loan if no fees
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by fazza
quote:
Originally posted by Corsa_Sport21
Pay it off then get another loan with lower repayments.
This. Could pretty much half the payments and still have a grand.
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JaffaTB
Member
Registered: 7th Oct 09
Location: Sheffield, South Yorkshire
User status: Offline
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id pay 500 on the loan and have 500 to spend
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jamied
Member
Registered: 27th Oct 03
Location: Marbella,Spain Drives: C63
User status: Offline
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I would just leave it tbh. no massive benefit of paying it off, and it ends next year anyway.
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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quote:
Originally posted by Eck
quote:
Originally posted by fazza
quote:
Originally posted by Corsa_Sport21
Pay it off then get another loan with lower repayments.
This. Could pretty much half the payments and still have a grand.
Exactly.
Steve, if you are even thinking about keeping the grand and spending it, it would be stupid not to pay it off and get another loan.
That way you still have a grand, or more, with lower monthly payments, and the extra you would be saving each month also.
Its a no brainer really.
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
User status: Offline
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Pay off the loan, then next months 'free'd up 200' would pay the remainder off, job done.
Marcy Marc 
White Sport Progress Thread
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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quote:
Originally posted by Haimsey
Pay off the loan, then next months 'free'd up 200' would pay the remainder off, job done.
That dosn't make sense.
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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Shit loads of Airfix stuff.
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
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500 lucky dips for the euromillions on friday
Adult GiftsClick here to vist us
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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thing is if i pay it off and lower the repayments thats just extending the loan again which is pretty much how i ended up with the thing int eh first place, extending other loans and consolodating them, would rather it just gone
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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quote:
Originally posted by Corsa_Sport21
quote:
Originally posted by Haimsey
Pay off the loan, then next months 'free'd up 200' would pay the remainder off, job done.
That dosn't make sense.
It does
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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Worst "i've got £1000" thread ever 
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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Only 100 quid short of portfolios
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evilrob
Premium Member
Registered: 16th Mar 12
Location: Your mum's house
User status: Offline
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Buy a job lot of Werther's Originals.
[Edited on 23-07-2012 by evilrob]
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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quote:
Originally posted by john-d
quote:
Originally posted by Corsa_Sport21
quote:
Originally posted by Haimsey
Pay off the loan, then next months 'free'd up 200' would pay the remainder off, job done.
That dosn't make sense.
It does
But he won't have a "free'd up 200" next month.
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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Live for today, you never know what tomorrow might bring.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by Sam
Pay the loan off you silly boy.
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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Live for the day, buy some model airplanes and sit in your room at the weekend gluing them together.
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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Then run around your carpet-less room with them in your hand, high up in the air, making plane noises.
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by Nismo
Live for today, you never know what tomorrow might bring.
While i do partly agree with this attitude, I think it's also part and parcel to explaining why the world is in it's current financial state (although the banks didn't help by giving money out to people who quite clearly shouldn't have been given it)
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
User status: Offline
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quote:
Originally posted by Corsa_Sport21
quote:
Originally posted by john-d
quote:
Originally posted by Corsa_Sport21
quote:
Originally posted by Haimsey
Pay off the loan, then next months 'free'd up 200' would pay the remainder off, job done.
That dosn't make sense.
It does
But he won't have a "free'd up 200" next month.
Initially, I figured it did, but on a fifth consideration, fair enough, it doesn't.
Did in my head 
Marcy Marc
White Sport Progress Thread
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