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Discussion in 'United Kingdom' started by Rod, Feb 6, 2004.

  1. Rod

    Rod Formula Junior

    Jan 18, 2004
    851
    South Derbyshire
    Full Name:
    Rod
    I have a mate who is in the fortunate positon of just clearing his mortage.. (not bad for a 38 yr old)!!! he's Ferrari mad (like myself) & has been harping on for years that he will buy one. He earn's around 40k a year and has virtually no overheads!!

    What do you reckon with a deposit of 8k?

    RHD 328?
    348?
    355?

    live for the day I say!!!

    Rod
     
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  3. RAY430RED

    RAY430RED Formula 3

    Nov 1, 2003
    1,112
    Marlborough Wilts
    Full Name:
    Ray F
    Tell him to stick a £100 grand on the house and buy a proper car a 360m

    and put the £8 grand towards the repayments !!!!!!!!!!

    Ray360m
     
  4. stevep

    stevep F1 Veteran

    Jan 19, 2004
    8,330
    Geordie Land
    Full Name:
    steve
    good call ray the mortgage payments would be less than the hp on the car.
     
  5. 456mgt

    456mgt Formula Junior

    Mar 24, 2002
    628
    Cambridge UK
    Full Name:
    Kevin
    There's no such thing as a cheap loan, but a mortage will be one of the cheapest. Easiest to arrange in this case too- just leave a bit on the existing mortage.
     

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