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Author Might pay off loan, means cheap car?
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
17th Nov 04 at 20:20   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ian
quote:
Originally posted by Ojc
what more could I want?
Your own house?


Come down here and buy one Ian, I dare you

I will get examples of house prices just to make you aware.
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
17th Nov 04 at 20:23   View User's Profile U2U Member Reply With Quote

This for example, no driveway, 2 bedroom in shite area



Asking price £165,000
Available for sale

Freehold



ACCOMMODATION COMPRISES: (All measurements are approximate)

ENTRANCE LOBBY Approached by glass panelled doors, laminate wood flooring,
door to Lounge/Diner.

LOUNGE/DINER 25’ x 14’ decreasing to 10’8” laminate wood flooring, textured
ceiling, front aspect bay window, feature tiled fireplace, door to stairs to first floor
landing, glass panelled double doors leading to covered storage area and sliding
door leading to Kitchen/Breakfast Room.

KITCHEN/BREAKFAST ROOM 13’11” x 8’7” Side and rear aspect windows and
rear aspect door leading to covered area, textured ceiling, folding door to under-stairs
storage cupboard, Butler sink inset into wood-block work surface with cupboards
under, further range of floor and wall mounted cupboards with roll edge work
surfaces, tiled surround, space for Range cooker, space for ‘fridge/freezer, power
points.

COVERED AREA/LEAN TO L-shaped 14’ x 9’3” max. Light, double glazed door to
garden and sliding patio door to Conservatory.

CONSERVATORY 8’6” x 8’3” Side aspect sliding door leading to garden/patio, light.

FIRST FLOOR LANDING Textured ceiling, electric storage heater, trap to loft space,
doors to all rooms.

BEDROOM ONE 13’9” x 10’8” Two front aspect windows, textured ceiling, electric
storage heater.

BEDROOM TWO 11’8” x 8’7” Rear aspect window, textured ceiling.

BATHROOM Rear aspect window, suite comprises of low level WC, pedestal wash
hand basin, panel enclosed bath, shower cubicle, tiled surround, electric storage
heater.

TO THE REAR OF THE PROPERTY is an enclosed garden measuring approx. 60ft.
There is a covered patio area with step leading up to path, lawn area, rockery, further
covered patio area to the rear of the garden leading to summerhouse/shed and rear
gated access to off road parking (accessed via Swansea Terrace).

LOCAL AUTHORITY: Reading Borough Council





[Edited on 17-11-2004 by Ojc]
bradfincham
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Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
User status: Offline
17th Nov 04 at 20:27   View User's Profile U2U Member Reply With Quote

try living where i do, for the last 3 years property prices increased more than anywhere else in uk.
so much so where i live at home
5 bedroomed house paid £140,000 in 2001 now its worth £380,000!!

sorry its me dads house actually

olly you have a good set up there anyway so dont worry
Tim
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Registered: 21st Apr 00
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17th Nov 04 at 20:53   View Garage View User's Profile U2U Member Reply With Quote

My 2 bed flat is £1300 pcm
Black Corsa SRi
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Registered: 25th May 02
Location: ---Stockport---- Drives: Pug 206 Roland Garros
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17th Nov 04 at 20:58   View User's Profile U2U Member Reply With Quote

it depends. Can you comfortably afford to keep paying your loan? If so then go for a better car. i dont think theres anything wrong with as bit of credit as long as your not only just keeping your head above water. i've got a nearly new car on a loan which i can afford to pay comfortably and it so doesnt bother me,but it would if i was struggling for money though so its all a question of finances really
Black Corsa SRi
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Registered: 25th May 02
Location: ---Stockport---- Drives: Pug 206 Roland Garros
User status: Offline
17th Nov 04 at 21:01   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ian
I'd personally rather have financial commitments and something to show than a grand to spend on just anything.

Its a tax on having things sooner.


exactly mate as i said above as long your sensible with it credit etc is not always a bad thing
Ian
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Registered: 28th Aug 99
Location: Liverpool
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17th Nov 04 at 21:08   View Garage View User's Profile U2U Member Reply With Quote

I did raise this in the North vs South threads we've had in the past.

Down the road from me in a fairly leafy area, 165 buys you three bed detached.



http://www.rightmove.co.uk/rm/template/publicsite%2Cbuying%2CPropertyDetails.vm/svr/2004?p_id=3945802&pa_n=1&tr_t=buy

Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
17th Nov 04 at 22:48   View User's Profile U2U Member Reply With Quote

That has a driveway and garage though, and a front garden and looks like its on a cul-de-sac.
3CorsaMeal
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Registered: 11th Apr 02
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18th Nov 04 at 09:39   View User's Profile U2U Member Reply With Quote

i'm fucked really
stubbsy05
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Registered: 23rd Oct 02
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18th Nov 04 at 13:17   View User's Profile U2U Member Reply With Quote

Yeah I'm gonna pay it off. Quite like the idea of being able to save money again. At the moment I always have the loan hanging over me.
Andy GSi
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Registered: 24th Mar 02
Location: Shropshire, Drives 2.0l 16v Corsa
User status: Offline
18th Nov 04 at 13:29   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by corsa5dr
I owe £6500 in student loan so far but ive enjoyed my time at uni and what ive spent it on, if i hadnt then id regret when i was older.


i will have about 9k student loan to pay back when im earning, but as u said being a student is a great laugh, DRINK, more DRINK, and do work when u feel like it. dont have to pay loan back til im earning over 12k a year! u only live once, and with past expeiernce just live each day as it comes! so if i was u pay debt off in time but its up to u!
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
18th Nov 04 at 13:29   View User's Profile U2U Member Reply With Quote

You've now got to get a ban and build a XE Corsa
ljames555
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Registered: 2nd Sep 03
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18th Nov 04 at 16:43   View User's Profile U2U Member Reply With Quote

i was going to do this, i now own a vw polo great little car cheap to run etc but i miss having a nice car and while i am living at home i may aswel have one while i can afford it you only live once. you would soon get pissed off having a cheap car if you like cars as much as i do. after xmas new car for me cant wait :d
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
18th Nov 04 at 16:47   View User's Profile U2U Member Reply With Quote

You can have a nice old cheap car.

Look at mine, owes me nothing ken.
the_legend_of_yrag
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Registered: 7th Jul 03
Location: Cambridgeshire
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18th Nov 04 at 18:29   View User's Profile U2U Member Reply With Quote

ive got abou 5-6 k to pay off atm, selling my car for 3k and seats for around 500 so if i find a new car for 2.5k gives me 1k to pay some of my loan off!

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