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Old 16-03-2015, 10:35 PM   #9
Smoke Pursuit
FF.Com.Au Hardcore
 
Join Date: Dec 2004
Posts: 22,947
Valued Contributor: For members whose non technical contributions are worthy of recognition. - Issue reason: DASH/bfiipursuit has been alot of help over the years I have frequented this forum, lots of thoughtful and informed posts, very much a valued contributor. 
Default Re: I'm a financial idiot - what should i do?

Quote:
Originally Posted by Raptor View Post
There's your mistake right there
Thinking of buying a near new car, you can't afford it.

But if you don't like that answer;

Work out what the repayments would be on the 7% loan over at most 5 years, preferably less.
Then redraw it all from the mortgage but increase your repayments by the amount above.

Or conclude you can't afford it.




.
Where does he say he can't afford it?? Lol
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