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  • FIRST POST
    • sharp910sh
    • By sharp910sh 20th Mar 17, 10:06 PM
    • 402Posts
    • 188Thanks
    sharp910sh
    Lending money to friend but they buy a new car
    • #1
    • 20th Mar 17, 10:06 PM
    Lending money to friend but they buy a new car 20th Mar 17 at 10:06 PM
    I was having a disagreement with a mate about lending money to a friend and for them to agree to pay pack a fixed amount. But during the term of the loan they get another loan to buy a sports car, but they keep up the repayments.

    Would you be angry if they got a sports car through a bank loan when they still owe you money?

    To me its fine if they keep paying back the loan, yet people do not agree with me which I do not understand.


    Please not this is just hypercritical, I would never lend money or borrow money from a friend! Too messy.
Page 1
    • DCFC79
    • By DCFC79 20th Mar 17, 10:20 PM
    • 29,209 Posts
    • 18,439 Thanks
    DCFC79
    • #2
    • 20th Mar 17, 10:20 PM
    • #2
    • 20th Mar 17, 10:20 PM
    I was having a disagreement with a mate about lending money to a friend and for them to agree to pay pack a fixed amount. But during the term of the loan they get another loan to buy a sports car, but they keep up the repayments.

    Would you be angry if they got a sports car through a bank loan when they still owe you money?

    To me its fine if they keep paying back the loan, yet people do not agree with me which I do not understand.


    Please not this is just hypercritical, I would never lend money or borrow money from a friend! Too messy.
    Originally posted by sharp910sh
    As long as the payments are being made to the friend then whats the issue. It would annoy me if they stopped the payments claiming hardship or poverty and then I see them flashing about lkey they have won the lottery.
    Je Suis Charlie
    • Fender4
    • By Fender4 20th Mar 17, 10:51 PM
    • 20 Posts
    • 26 Thanks
    Fender4
    • #3
    • 20th Mar 17, 10:51 PM
    • #3
    • 20th Mar 17, 10:51 PM
    I have borrowed money to a mate and I'm glad I could help. But if I found out that he had a sports car on finance and I was sacrificing my interest in the hope I was getting someone back on a debt free trip and they had taken out more debt I would be !!!!ed off.
    • zippygeorgeandben
    • By zippygeorgeandben 20th Mar 17, 10:53 PM
    • 502 Posts
    • 570 Thanks
    zippygeorgeandben
    • #4
    • 20th Mar 17, 10:53 PM
    • #4
    • 20th Mar 17, 10:53 PM
    You borrow money OFF someone, you lend money TO someone. It's the teacher in me.
    End Sep 2016 End April 2017
    8236.57 6670.91
    (Tesco 4.8%) 222.61pcm
    6185.75 1779.78 (Zopa 4.0%) 85.00pcm

    5344.50
    3394 (Sainsburys 0% until 06/19) 76.00pcm
    2000.00 (Sister 0%) 133.33pcm

    Total debt
    19.766.82 13,844.69 Original DFD May 2019.
    • emmy05
    • By emmy05 20th Mar 17, 10:54 PM
    • 1,951 Posts
    • 1,530 Thanks
    emmy05
    • #5
    • 20th Mar 17, 10:54 PM
    • #5
    • 20th Mar 17, 10:54 PM
    It would annoy me, but I would never take out a loan for someone else. I'd be too frightened I wouldn't be paid back.

    • worried jim
    • By worried jim 20th Mar 17, 10:54 PM
    • 8,106 Posts
    • 12,216 Thanks
    worried jim
    • #6
    • 20th Mar 17, 10:54 PM
    • #6
    • 20th Mar 17, 10:54 PM
    I have borrowed money to a mate and I'm glad I could help. But if I found out that he had a sports car on finance and I was sacrificing my interest in the hope I was getting someone back on a debt free trip and they had taken out more debt I would be !!!!ed off.
    Originally posted by Fender4
    Do you mean you have lent money to a friend or have borrowed from a friend?
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
    • jonesMUFCforever
    • By jonesMUFCforever 20th Mar 17, 11:36 PM
    • 23,657 Posts
    • 10,914 Thanks
    jonesMUFCforever
    • #7
    • 20th Mar 17, 11:36 PM
    • #7
    • 20th Mar 17, 11:36 PM
    Why does your friend NEED to borrow off you if he can get a loan for a sports car.
    If it was me I would ask for my loan to be repaid first, however I would have not lent any money to my ''friend'' in the first place.
    What goes around - comes around
    give lots and you will always receive lots
    • zx81
    • By zx81 21st Mar 17, 9:18 AM
    • 11,542 Posts
    • 11,544 Thanks
    zx81
    • #8
    • 21st Mar 17, 9:18 AM
    • #8
    • 21st Mar 17, 9:18 AM

    Please not this is just hypercritical.
    Originally posted by sharp910sh
    Don't worry about it. I can be pretty critical myself, at times.
    • ReadingTim
    • By ReadingTim 21st Mar 17, 9:43 AM
    • 1,488 Posts
    • 2,101 Thanks
    ReadingTim
    • #9
    • 21st Mar 17, 9:43 AM
    • #9
    • 21st Mar 17, 9:43 AM
    You borrow money OFF someone, you lend money TO someone. It's the teacher in me.
    Originally posted by zippygeorgeandben
    I think you'll find that you borrow money FROM someone. No wonder educational standards are slipping.
    • Shakin Steve
    • By Shakin Steve 21st Mar 17, 7:55 PM
    • 743 Posts
    • 533 Thanks
    Shakin Steve
    When friends ask me for a loan, I just tell them that my money is all tied up. When they walk away I whisper to myself 'in little elastic bands'.
    Last edited by Shakin Steve; 21-03-2017 at 8:22 PM.
    I came into this world with nothing and I've got most of it left.
    • Tarambor
    • By Tarambor 21st Mar 17, 7:58 PM
    • 656 Posts
    • 415 Thanks
    Tarambor
    You borrow money OFF someone, you lend money TO someone. It's the teacher in me.
    Originally posted by zippygeorgeandben
    No wonder kids are leaving school functionally illiterate if you're really a teacher.

    You borrow money FROM someone, you lend money to someone.
    • stuart30
    • By stuart30 22nd Mar 17, 9:30 AM
    • 477 Posts
    • 196 Thanks
    stuart30
    I think you'll find that you borrow money FROM someone. No wonder educational standards are slipping.
    Originally posted by ReadingTim

    No you"ll find its society allowing kids to have kids..giving them hand outs and not understanding the meaning of work.

    Personally bring back public beating and humiliation for having children out of wed lock and women should go home and be wives/mothers again...how very dare they go to work...tut tut.
    Save the wear and tear on your keyboard and don't waste your time correcting my spelling or Grammar...
    • abanghasan
    • By abanghasan 22nd Mar 17, 10:55 AM
    • 1 Posts
    • 0 Thanks
    abanghasan
    if it is me im also will be angry to,, why they have to borrow money again, if they have the ability to loan in other place
    • sheff6107
    • By sheff6107 22nd Mar 17, 10:56 AM
    • 310 Posts
    • 206 Thanks
    sheff6107
    I think the issue is the interest. They're taking a 0% loan off you but can afford to give a bank 5% (or whatever).

    But if they paid it back with an extra fifty quid and some beers that would be the polite thing to do.
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