We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Getting another personal loan

2

Comments

  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    If i had outstanding debt of 28k there is no way i'd be thinking if borrowing another 17k for a second hand car ! Doesn't matter how big my salary was. There are lots of reliable cars (some brand new ones !) for a lot less than 17k.
  • bobbingalong123
    bobbingalong123 Posts: 56 Forumite
    DJXFM wrote: »
    The HSBC loan is currently 28k and I want to borrow 17k so HSBC aren't interested.

    :rotfl::rotfl::rotfl:
  • geoffky
    geoffky Posts: 6,835 Forumite
    CH27 wrote: »
    £17K for a second hand car:eek:
    My car is worth that and its three years old
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    Wow, talk about fritter your money away on junk and worthless tin cans.

    That level of debt would terrify me unless I was Alan Suagr or on The Dragons Den......
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • DJXFM
    DJXFM Posts: 17 Forumite
    I appreciate what you guys are saying but I'm not asking whether you could afford it or whether you think I can afford it - I've done that bit and it's fine. I'm trying to source a way of saving a few quid at the end of the loan and I guess I won't find that information here.

    My previous "fritterings" are full of happy tenants so I'm more than happy to fritter a bit more on something for me this time.

    Thanks for the replies anyhow.
  • DJXFM
    DJXFM Posts: 17 Forumite
    d.f.h wrote: »
    so you are one of those buy to let landlords that have caused this current economic mess.

    Um. Nope!
  • bobbingalong123
    bobbingalong123 Posts: 56 Forumite
    There's a reason HSBC arnt interested...
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    DJXFM wrote: »
    My previous "fritterings" are full of happy tenants...
    Have you considered releasing some equity...assuming of course you have some? If your unsecured borrowings are so high it may be the only way?
  • DJXFM
    DJXFM Posts: 17 Forumite
    There's equity but I want to keep it to make life easier for when I come to buying a house nearer to my new job.

    Ironically, then I won't need a new car!
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    If HSBC are your bank and they've run away on fire screaming, the chances of it happening are slim to none anyway.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture