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Old 17-03-2015, 04:05 PM   #54
323Turbo
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Join Date: Jul 2013
Location: Perth
Posts: 338
Default Re: I'm a financial idiot - what should i do?

Quote:
Originally Posted by NTF6 View Post
If you have 80k in redraw why are you considering a loan?

Use your redraw for the full purchase price of the car and put the equivalent of what the theoretical loan repayments would have been back into your redraw account and I hope that redraw account is linked to an offset account to save you interest?
i know it sounds stupid, but i really wanted to get to that 100k mark, i think what I will do is just take 10 from redraw, save 9 (or just get that too lol) & sell my 2nd car for 7.
take me a year to pay back the 19.
cheers
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