Who was the guy that remortgaged their house for...

[stigmundfreud]

...their Monaro? I remembered a news article the other year on him, thought he was a member? Wonder if now in retrospect it still feels like the right decision?

[essexhsv]

lol, but look at the people who got a loan or normal car finance at over 10% Apr or even highter but the guy who borrowed on his house is only paying 2% now. he might be the one laughing now
I paid cash for mine so im not in that boat.

[racebreed1]

essexhsv said:

I paid cash for mine so im not in that boat.

me too and with the money left over from my Ferrari i brought a helicopter

[S600VXR]

Ark at you lot!

[_Voyager_]

Paying 15% for 5 years is much cheaper than paying 5% for 25. Much much cheaper.

[V8HSV]

stigmundfreud said:

...their Monaro? I remembered a news article the other year on him, thought he was a member? Wonder if now in retrospect it still feels like the right decision?

I was on the telly about a year ago on a BBC documentary "How Rich Is Britain" & stated that I re-mortgaged for c £50k to mod my HSV, how do I feel about it now, good because the car is worthless from a re-sale perspective which means I can keep it without feeling guilty in this recession LOL

[stigmundfreud]

[ringram]

_Voyager_ said:

Paying 15% for 5 years is much cheaper than paying 5% for 25. Much much cheaper.

Have you heard of a concept called "capital repayment", sensible people sometimes use it during good years in preparation for the bad

[essexhsv]

lol lol it is quite funny
happy days