Funding for a bike? From where?

**Conquiztador** · 10th April 2009, 23:52

Originally Posted by jrandom

Perhaps not, but you're ignoring the actual mechanical issues. Like finding the vagina in the dark, without temporary scaffolding.

Conquiztador, why does your mate need a car? Tell him to swap it for a motorcycle. Sorted.

Needs it for when he has the kids. And also to carry the tools in.

**jrandom** · 10th April 2009, 23:58

Originally Posted by Conquiztador

kids

Ahhhhh.

Basically, his life's fucked, innit?

**Insanity_rules** · 10th April 2009, 23:58

Originally Posted by Laxi

funny, your missus keeps complaining about the lack of "space"

Your Momma never complained

.

**mujambee** · 11th April 2009, 02:38

Originally Posted by jrandom

He has no house. Really nothing apart from a car and a job.

Originally Posted by Conquiztador

Needs it for when he has the kids.

So basically he has a job, a car and a divorce; is that it?

Look at it from the bankers perspective: He's got a lot to pay for and nothing to cover for it. It is a high risk operation so it gets high risk interest rates.

Now, if he had a close relative with some property that could guarantee the loan, that may change things. I don't know the english words for this. It is not that he is putting a mortgage on his relative's property, but that his relative is legally bond to return the money if he fails to do so. It's quite common here for young people to be covered by their parents when buying their first car.

**Arnifix** · 11th April 2009, 02:53

Do not use a finance company. If he is going to get a loan, shop around, find out the going rates for the different lenders because the finance companies generally charge higher % p.a. than banks do on credit cards.

**Stromble** · 11th April 2009, 07:06

Have you tried www.interest.co.Nz - good list of all lenders and rates in nz..

**Stromble** · 11th April 2009, 07:11

Also.. Another couple of questions...

Can he down trade his car to free up cash for bike or at least deposit?

And ultimate question is; does he have any disposable income to actually service a loan?

**awayatc** · 11th April 2009, 07:20

does that mate of yours smoke by any chance...?

**nico** · 11th April 2009, 07:34

could i sujest if he cant save, mabie you could look at his finanses see what he need's to live weekly and take the rest of him save it for him tuff love kinda thing come end of year he should be able to buy something sutible for a first bike, a treasure earnd is much more lickly to be looked after just my .2c dont have to listen but imho if he cant pay cash for at least half of bike waste of time the finance will kill him off

**nico** · 11th April 2009, 07:40

Originally Posted by mujambee

So basically he has a job, a car and a divorce; is that it?

Look at it from the bankers perspective: He's got a lot to pay for and nothing to cover for it. It is a high risk operation so it gets high risk interest rates.

Now, if he had a close relative with some property that could guarantee the loan, that may change things. I don't know the english words for this. It is not that he is putting a mortgage on his relative's property, but that his relative is legally bond to return the money if he fails to do so. It's quite common here for young people to be covered by their parents when buying their first car.

i think the tearm used is a gantourer we did that for brother in law's car how it works he dont pay i had to , luckly i made him save half first then montred him all worked out ok

**CookMySock** · 11th April 2009, 07:57

Originally Posted by nico

i think the tearm used is a gantourer we did that for brother in law's car how it works he dont pay i had to , luckly i made him save half first then montred him all worked out ok

That can work out, but if it doesn't its a fast way to lose a good friend. Is it worth it?

Don't do money with friends! Do piss drinking, motorcycle crashing, dope smoking, girl sharing, cop avoiding, crop growing, or anything you like, but don't do money.

Steve

**nico** · 11th April 2009, 08:10

Originally Posted by DangerousBastard

That can work out, but if it doesn't its a fast way to lose a good friend. Is it worth it?

Don't do money with friends! Do piss drinking, motorcycle crashing, dope smoking, girl sharing, cop avoiding, crop growing, or anything you like, but don't do money.

Steve

good call and the same should go for money and family aswell in most cases

**awayatc** · 11th April 2009, 09:01

Originally Posted by DangerousBastard

Don't do money with friends! , girl sharing, or anything you like, but don't do money.

Steve

very generous and unselfish of you my friend.......

Please send picture of girl....

**Tubbsy** · 11th April 2009, 09:26

Originally Posted by nico

i think the tearm used is a gantourer we did that for brother in law's car how it works he dont pay i had to , luckly i made him save half first then montred him all worked out ok

Term is "Guaranteur"

My take on this....if someone needs your help to get into debt because they can't do it themselves, they will be in over their heads, no matter how much he wants a bike.