sinbad Posted June 6, 2007 Share Posted June 6, 2007 Bog standard 911's are here and there but a GT3 and especially the RS model make my heart flutter! Its a track toy for the road. Have you test drove a GT3 Liam? Link to comment Share on other sites More sharing options...
Sarnie Posted June 6, 2007 Share Posted June 6, 2007 Bog standard 911's are here and there but a GT3 and especially the RS model make my heart flutter! Its a track toy for the road. Have you test drove a GT3 Liam? I haven't mate and I'm sure its an awesome machine and may even be a better track toy than the lambo, but I just don't want one. They remind me of 80's yuppies with long hair and filofax's Link to comment Share on other sites More sharing options...
Guest prescience Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy Just a word of advice if I can - I can imagine the rationalisation of costs (including depreciation, insurance and loan payments) which you must have carried out, ofsetting against the sale price of the Z etc for the ownership period in order to realise your dream - but please, please don't skimp on insurance (I see you are shopping around from above). Get a good cast ron, nailed on policy or the whole deal could unravel Link to comment Share on other sites More sharing options...
P15UL T Posted June 6, 2007 Share Posted June 6, 2007 god damn !!! i just paid for my new wheels literally 30 seconds before i came on and read this not to worry.....hope it all goes the way you want it to liam - good on ya Link to comment Share on other sites More sharing options...
Sarnie Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy You've hit the nail on the head really. I promised myself I'd have one before I was 30 which is in two years time. My first month in business has tripled my projected figures and show no signs of abating. I'm going to buy it, run it for two years, and then sell up and cut my losses. I'm going to keep it to the 7500 miles a year service limits therefore it will only have an extra 15k on the clock in 2 years. The dealership reckoned that you lose £1.50 per mile driven in the lambo. In two years, or even sooner, I'll sell up get married, have kids and resort to a Ford Galaxy safe in the knowledge that 'I had a Lamborghini Gallardo' Link to comment Share on other sites More sharing options...
P15UL T Posted June 6, 2007 Share Posted June 6, 2007 Amen Brother Link to comment Share on other sites More sharing options...
Kev946 Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy You've hit the nail on the head really. I promised myself I'd have one before I was 30 which is in two years time. My first month in business has tripled my projected figures and show no signs of abating. I'm going to buy it, run it for two years, and then sell up and cut my losses. I'm going to keep it to the 7500 miles a year service limits therefore it will only have an extra 15k on the clock in 2 years. The dealership reckoned that you lose £1.50 per mile driven in the lambo. In two years, or even sooner, I'll sell up get married, have kids and resort to a Ford Galaxy safe in the knowledge that 'I had a Lamborghini Gallardo' Can I ask what you business is Liam. I'm self employed. Maybe I should think of doing something different... Link to comment Share on other sites More sharing options...
Sarnie Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy You've hit the nail on the head really. I promised myself I'd have one before I was 30 which is in two years time. My first month in business has tripled my projected figures and show no signs of abating. I'm going to buy it, run it for two years, and then sell up and cut my losses. I'm going to keep it to the 7500 miles a year service limits therefore it will only have an extra 15k on the clock in 2 years. The dealership reckoned that you lose £1.50 per mile driven in the lambo. In two years, or even sooner, I'll sell up get married, have kids and resort to a Ford Galaxy safe in the knowledge that 'I had a Lamborghini Gallardo' Can I ask what you business is Liam. I'm self employed. Maybe I should think of doing something different... I started my own mortgage brokerage in April Link to comment Share on other sites More sharing options...
Guest prescience Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy You've hit the nail on the head really. I promised myself I'd have one before I was 30 which is in two years time. My first month in business has tripled my projected figures and show no signs of abating. I'm going to buy it, run it for two years, and then sell up and cut my losses. I'm going to keep it to the 7500 miles a year service limits therefore it will only have an extra 15k on the clock in 2 years. The dealership reckoned that you lose £1.50 per mile driven in the lambo. In two years, or even sooner, I'll sell up get married, have kids and resort to a Ford Galaxy safe in the knowledge that 'I had a Lamborghini Gallardo' I did add a rider above. What is interesting when you look at the numbers is that the cost of raising and financing the capital outlay for a fixed period of say 18 months (provided you stick to it) is much much less than the depreciation - it might amount to around £4k and in fact be less than the insurance Link to comment Share on other sites More sharing options...
Kev946 Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy You've hit the nail on the head really. I promised myself I'd have one before I was 30 which is in two years time. My first month in business has tripled my projected figures and show no signs of abating. I'm going to buy it, run it for two years, and then sell up and cut my losses. I'm going to keep it to the 7500 miles a year service limits therefore it will only have an extra 15k on the clock in 2 years. The dealership reckoned that you lose £1.50 per mile driven in the lambo. In two years, or even sooner, I'll sell up get married, have kids and resort to a Ford Galaxy safe in the knowledge that 'I had a Lamborghini Gallardo' Can I ask what you business is Liam. I'm self employed. Maybe I should think of doing something different... I started my own mortgage brokerage in April I guess anything to do with property nowdays is a safe bet. Good luck with it, although it sounds like you don't need thta now... Link to comment Share on other sites More sharing options...
Sarnie Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy You've hit the nail on the head really. I promised myself I'd have one before I was 30 which is in two years time. My first month in business has tripled my projected figures and show no signs of abating. I'm going to buy it, run it for two years, and then sell up and cut my losses. I'm going to keep it to the 7500 miles a year service limits therefore it will only have an extra 15k on the clock in 2 years. The dealership reckoned that you lose £1.50 per mile driven in the lambo. In two years, or even sooner, I'll sell up get married, have kids and resort to a Ford Galaxy safe in the knowledge that 'I had a Lamborghini Gallardo' I did add a rider above. What is interesting when you look at the numbers is that the cost of raising and financing the capital outlay for a fixed period of say 18 months (provided you stick to it) is much much less than the depreciation - it might amount to around £4k and in fact be less than the insurance Once I have put my deposit down my deposit i am almost certain to have lost half of it, which is obviously a pisser but this is not an investment. I could stick my money into property but how boring I'm gonna lose money, fact. I'm gonna try to negate as much of that as possible where I can but I'm gonna lose money and gain an ownership experience that will hopefully be worth every penny Link to comment Share on other sites More sharing options...
Sarnie Posted June 6, 2007 Share Posted June 6, 2007 I don't know your reasons but if it's to buy one, fund it for a limited period, then re-sell and do the kids thing afterwards, it makes perfect sense. All you need to cover is the costs and depreciation for the period of ownership. Long term option - not so good Enjoy You've hit the nail on the head really. I promised myself I'd have one before I was 30 which is in two years time. My first month in business has tripled my projected figures and show no signs of abating. I'm going to buy it, run it for two years, and then sell up and cut my losses. I'm going to keep it to the 7500 miles a year service limits therefore it will only have an extra 15k on the clock in 2 years. The dealership reckoned that you lose £1.50 per mile driven in the lambo. In two years, or even sooner, I'll sell up get married, have kids and resort to a Ford Galaxy safe in the knowledge that 'I had a Lamborghini Gallardo' Can I ask what you business is Liam. I'm self employed. Maybe I should think of doing something different... I started my own mortgage brokerage in April I guess anything to do with property nowdays is a safe bet. Good luck with it, although it sounds like you don't need thta now... Yup, people will always want to buy houses or refinance debt Link to comment Share on other sites More sharing options...
Chesterfield Posted June 7, 2007 Share Posted June 7, 2007 They also need to supply them with Gas and/or Electricity Link to comment Share on other sites More sharing options...
Guest prescience Posted June 7, 2007 Share Posted June 7, 2007 They also need to supply them with Gas and/or Electricity I can understand that particularly for commercial customers but why does anyone need a mortgage broker these days - who goes through a broker for their car insurance these days for example? With all the comparative websites there are, it's easier to deal direct with the lender surely? Link to comment Share on other sites More sharing options...
lomoto Posted June 7, 2007 Share Posted June 7, 2007 They also need to supply them with Gas and/or Electricity I can understand that particularly for commercial customers but why does anyone need a mortgage broker these days - who goes through a broker for their car insurance these days for example? With all the comparative websites there are, it's easier to deal direct with the lender surely? Cos Sarnie's such a splendid chap and customers are lining up to put money in his pocket Link to comment Share on other sites More sharing options...
Sarnie Posted June 7, 2007 Share Posted June 7, 2007 They also need to supply them with Gas and/or Electricity I can understand that particularly for commercial customers but why does anyone need a mortgage broker these days - who goes through a broker for their car insurance these days for example? With all the comparative websites there are, it's easier to deal direct with the lender surely? Not everyone is comfortable in their ability to source the best product for the biggest debt they are ever going to have. The comparative websites are bollox really they give tables of 'the top ten products' but I have access to nearly 30,000 different ones. Those tables are too generic to taylor a product to a clients specific needs. For example, I saw a lady last night looking to buy a studio flat. She wants to borrow 115% of what the properties worth and is so desperate to move quickly so tried the internet. Imagine trying to source a 115% product for a studio flat on the internet???? Eventually she enlisted the help of an expert (me ) and as we speak I'm underwriting a mortgage for her with a lender thats perfect for her needs. There are dozens of other examples such as people with adverse credit, self employed with no income verification or foreign nationals etc. This is my market. Also, as an intermediary, lenders give us preferential rates. So products that are available via the high street, sometimes can be upto 0.5% cheaper via me, as the lender needs to give us an advantage over people going direct to the lenders themselves Link to comment Share on other sites More sharing options...
Guest prescience Posted June 7, 2007 Share Posted June 7, 2007 Fair enough But there is probably a reason that it's not easy to secure a 115% morgage on a property, particularly in an area (West Midlands) where prices fell by 2.6% in May Link to comment Share on other sites More sharing options...
Sarnie Posted June 7, 2007 Share Posted June 7, 2007 Fair enough But there is probably a reason that it's not easy to secure a 115% morgage on a property, particularly in an area (West Midlands) where prices fell by 2.6% in May Its got nothing to do with securing 115% on the property, its the property type. A studio flat, in a lenders eyes may be harder to sell on if they have to repossess Link to comment Share on other sites More sharing options...
sl114 Posted June 7, 2007 Share Posted June 7, 2007 Liam, you know my thoughts, do it mate, you live once, why not enjoy it while you can and then settle down! Perfect sense to me Link to comment Share on other sites More sharing options...
Removed Posted June 7, 2007 Share Posted June 7, 2007 There are dozens of other examples such as people with adverse credit, self employed with no income verification or foreign nationals etc. This is my market. so effectively you "prey" on the weaker are you one of those who advertise on TV.... "bad credit rating? no problem! I'll get you a 200% mortgage!" Link to comment Share on other sites More sharing options...
Zedrush Posted June 7, 2007 Share Posted June 7, 2007 Im sure Sarnie is an honest and good buisness person. He sounds like an hoinest chap, never met him before but managed to get a picture of him from another thread, he seems the buisness type, is this him: Link to comment Share on other sites More sharing options...
Sarnie Posted June 7, 2007 Share Posted June 7, 2007 There are dozens of other examples such as people with adverse credit, self employed with no income verification or foreign nationals etc. This is my market. so effectively you "prey" on the weaker are you one of those who advertise on TV.... "bad credit rating? no problem! I'll get you a 200% mortgage!" I don't prey on anybody. I provide specialist advice for people with special circumstances Also my clients have proactively sought out a broker, I haven't cold called (as its now illegal) them or railroaded them into the appointment. They need me As for the TV ad, sounds good Link to comment Share on other sites More sharing options...
Guest prescience Posted June 7, 2007 Share Posted June 7, 2007 There are dozens of other examples such as people with adverse credit, self employed with no income verification or foreign nationals etc. This is my market. so effectively you "prey" on the weaker are you one of those who advertise on TV.... "bad credit rating? no problem! I'll get you a 200% mortgage!" I don't prey on anybody. I provide specialist advice for people with special circumstances Also my clients have proactively sought out a broker, I haven't cold called (as its now illegal) them or railroaded them into the appointment. They need me As for the TV ad, sounds good Quite right - you're providing a service, people don't need to use it after all - I was just curious about the service. Now get the car bought, it's depreciating in the garage as we speak Link to comment Share on other sites More sharing options...
sl114 Posted June 7, 2007 Share Posted June 7, 2007 Liam i can hook you up with a tv ad if you need one Link to comment Share on other sites More sharing options...
rickya Posted June 7, 2007 Share Posted June 7, 2007 Goodluck with it mate! My mate has just done this 3 weeks ago, & bought a 2004 360 Modena before he & the mrs have kids He is strange, he drives a bog std run around for a couple of years then goes & buys a supercar for a year or two, last such extravavgance was a 911 Turbo 4! Link to comment Share on other sites More sharing options...
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