Warranty on used range rover?

Strider590

gilbert_and_sullivan wrote: »

All the cars in the world are not worth delaying that house payday for.

Well, this is what I was going to add...... I have a mortgage for around half the value of my property, it's about £400 a month. But if someone gave me a fancy expensive car (or I won one), the first thing i'd do is sell it and pay the whole lot into the mortgage, because £10'000 off the mortgage is worth probably £100 a month.

Having a mortgage is something none of us can avoid, but as you rightly point out, paying it off is worth more than any fancy motor parked on the drive.

motorguy wrote: »

Hey, we agree on something! :T

:beer:

NEVER!!!!!!!!

LandyAndy

Strider590 wrote: »

Well, this is what I was going to add...... I have a mortgage for around half the value of my property, it's about £400 a month. But if someone gave me a fancy expensive car (or I won one), the first thing i'd do is sell it and pay the whole lot into the mortgage, because £10'000 off the mortgage is worth probably £100 a month.

Having a mortgage is something none of us can avoid, but as you rightly point out, paying it off is worth more than any fancy motor parked on the drive.



NEVER!!!!!!!!

Do you live in the garage with the Vectra?

Strider590

Eh? Now your just being weird........

My Vectra lives outside, my other car lives in the garage, I live in the people section of the house, where people normally live........

LandyAndy

Strider590 wrote: »

Eh? Now your just being weird........

My Vectra lives outside, my other car lives in the garage, I live in the people section of the house, where people normally live........

Lol, I extrapolated from your information to get a value of £80 k for your house. That would buy a half share in a 'park home' here. I do realise you live in a more affordable area of the country.

BeenThroughItAll

LandyAndy wrote: »

Lol, I extrapolated from your information to get a value of £80 k for your house. That would buy a half share in a 'park home' here. I do realise you live in a more affordable area of the country.

I'd extrapolate to around a £160K value. My old mortgage before I moved was £463 a month before overpayments for 90K at 90% LTV when taken out.

LandyAndy

BeenThroughItAll wrote: »

I'd extrapolate to around a £160K value. My old mortgage before I moved was £463 a month before overpayments for 90K at 90% LTV when taken out.

Ah, I went.

£10k = £100 per month per his post. £400 pm = half the value of the house

So value = £10k x4 x2= £80k

OddballJamie

BeenThroughItAll wrote: »

I'd extrapolate to around a £160K value. My old mortgage before I moved was £463 a month before overpayments for 90K at 90% LTV when taken out.

I thought 70-80k as he mentioned £10,000 would reduce the mortgage payments by £100 a month from £400. It all depends on how long is left on the mortgage and what rate he is getting.

OddballJamie

LandyAndy wrote: »

Ah, I went.

£10k = £100 per month. £400 pm = half the value of the house

So value = £10k x4 x2= £80k

Same here, but I included interest saving to bring it below £80k.

BeenThroughItAll

OddballJamie wrote: »

I thought 70-80k as he mentioned £10,000 would reduce the mortgage payments by £100 a month from £400. It all depends on how long is left on the mortgage and what rate he is getting.

I just assumed the £100 a month was an unsubstantiated guess

LandyAndy

BeenThroughItAll wrote: »

I just assumed the £100 a month was an unsubstantiated guess

Oh! I cant imagine Strider doing that!