-- Edited by Recoup on Saturday 3rd of November 2012 03:12:04 PM
rockylizard said
03:14 PM Nov 3, 2012
Gday...
I am not fully coherent on the 'rules' for advancing loans to Pensioners. However, I would have thought the only criteria for such loans would have been a) ability to repay; b) level of asset (collateral) such as bank balances, any property, investments. I very much doubt just being a pensioner would preclude your consideration, and hopefully, approval of a loan.
A quick search of Google produced this site from ANZ -
It certainly includes consideration of pensions. I would be fairly confident all banks, and most financial institutions, would, given your ability to repay etc etc etc, at minimum consider, if not approve a loan to purchase a vehicle.
Don't give up ... try other institutions - literally get quotes on cost of borrowing.
As an aside, almost ALL finance arranged by a car yard/dealer would be the most expensive loan you could probably get.
cheers - John
_wombat_ said
08:04 PM Nov 3, 2012
Happywanderer wrote:
I know I can comfortably afford repayments. Its not like I would be buying a Rolls Royce. Definitely not a luxury is it? to want some wheels. We just have to tighten our belts a bit to get what we want.
you should get a Rolls Royce and a Rolex to go with it, perhaps another Rolex for Sunday's
if you did that centerlink would be looking at your paperwork and saying "what is going on here"
-- Edited by _wombat_ on Saturday 3rd of November 2012 08:06:57 PM
Happywanderer said
09:06 PM Nov 3, 2012
Did you know a new law has come in making it not allowed for car sales yards to arrange finance for Pensioners.
When I asked why I was told The govt thinks pensioners shouldn't be allowed luxuries.
Not sure if thats the real reason but the Govt have brought in the above law anyway.
Duh said
09:46 PM Nov 3, 2012
Check with the RAC too Marg, I am not sure what their criteria is for their loans, might be worth checking.
I notice that Australian Car Sales are doing free sales ads now like Gumtree, may be a source for selling you old campervan and possibly buying another. For some reason they list campervans under Station Wagons, don't seem to have a separate section for them, see;
I have just posted a response that should be helpful, Marj. However, the following came up when I posted it -
"Your message has been flagged as potential spam and needs to be approved by an administrator before it will appear on the forum."
I assume the URL for the ANZ bank site must have upset the 'server'.
In essence, the site (which you can see when you/if get the post) shows that the ANZ bank certainly does extend loans to pensioners.
I also said that you should try a number of financial institutions - eg all banks - and literally get quotes for cost of borrowing. Finance arranged by car yards/dealers will almost always be the dearest loan you could obtain.
Cheers - John
gordon_adl said
10:59 PM Nov 3, 2012
I suspect that sales person was just a wanker. I've never seen such laws and have known many seniors borrow money for vehicles.
jules47 said
12:04 AM Nov 4, 2012
That is "car yard" speak I would think. Maybe the law is to stop some unscrupulous dealers using "shifty" finance - with horrendous interest rates!!!!
Try the banks - or go to Centrelink and talk to someone there - they have financial advisors - maybe they can help you.
Good luck.
Happywanderer said
01:58 AM Nov 4, 2012
I will go to my bank on Monday and see how I get on.
milo said
02:08 AM Nov 4, 2012
maybe look at an avan and car that could tow it? i dunno, thats what im thinking for later on maybe if i inherit my dads honda accord down the track... (2006 model ) oh well just some dreaming and ideas
good luck with what ever you do and have you talked with your family ,?? wasnt there some one who helped out ?
they may have some ideas?
Happywanderer said
02:16 AM Nov 4, 2012
Haha!! I'm waitng for an offer of a loan from that quarter. Hasn't happened yet Milo.
Gerty Dancer said
02:30 AM Nov 4, 2012
I was selling in the 80's and there was a law then that pensioners couldnt get finance. But it wasnt because they didnt deserve luxuries, it was because the pension was so low they might not be able to repay the loan!!!
Good luck Marj!
Happywanderer said
02:35 AM Nov 4, 2012
I know I can comfortably afford repayments. Its not like I would be buying a Rolls Royce. Definitely not a luxury is it? to want some wheels. We just have to tighten our belts a bit to get what we want.
sandsmere said
01:53 PM Nov 4, 2012
I don't particularly like the NAB , but I know they will give pensioners personal loans .
Everybodys personal circumstances are different of course , and you would have to satisfy their requirements .
_wombat_ said
03:37 PM Nov 4, 2012
sandsmere wrote:
I don't particularly like the NAB , but I know they will give pensioners personal loans .
Everybodys personal circumstances are different of course , and you would have to satisfy their requirements .
Hi sandsmere, same here, but I have just noticed you tag, its the best one I have ever seen
Cruising Cruze said
04:51 PM Nov 4, 2012
well we think (Marjo & Myself ) we can give some I'm not talking abouth 100's of dollars just a few
we still better off than some of us
-- Edited by Cruising Cruze on Sunday 4th of November 2012 04:53:51 PM
Duh said
07:22 PM Nov 4, 2012
I wonder if the RAC/NRMA give loans for pensioners? Might be worth a try!
Cruising Cruze said
12:40 AM Nov 5, 2012
that lotto win takes far to long, Maybe we can do all an good deed and give Marj a few dollars
4000 members maybe it wil be enough
Just an toughl
Let me know were I have to send the money to Marj
John
Practice random acts of Kindness
Happywanderer said
12:44 AM Nov 5, 2012
Don't you dare John. Thanks for the thought anyway.
_wombat_ said
02:17 AM Nov 5, 2012
SEND ALL monies to
C/o wombat wombat hole Western Australia
_wombat_ said
02:18 AM Nov 5, 2012
Dougwe was telling me sometime ago that dazren gives interest free loans for any amout to anybody
dazren said
05:10 AM Nov 5, 2012
wombat wrote
Dougwe was telling me sometime ago that dazren gives interest free loans for any amout to anybody
-- Edited by Recoup on Saturday 3rd of November 2012 03:12:04 PM
Gday...
I am not fully coherent on the 'rules' for advancing loans to Pensioners. However, I would have thought the only criteria for such loans would have been a) ability to repay; b) level of asset (collateral) such as bank balances, any property, investments. I very much doubt just being a pensioner would preclude your consideration, and hopefully, approval of a loan.
A quick search of Google produced this site from ANZ -
http://www.anz.com.au/personal/personal-loans/personal-loans-overview/progress-loan/faq/
It certainly includes consideration of pensions. I would be fairly confident all banks, and most financial institutions, would, given your ability to repay etc etc etc, at minimum consider, if not approve a loan to purchase a vehicle.
Don't give up ... try other institutions - literally get quotes on cost of borrowing.
As an aside, almost ALL finance arranged by a car yard/dealer would be the most expensive loan you could probably get.
cheers - John
you should get a Rolls Royce and a Rolex to go with it, perhaps another Rolex for Sunday's
if you did that centerlink would be looking at your paperwork and saying "what is going on here"
-- Edited by _wombat_ on Saturday 3rd of November 2012 08:06:57 PM
Did you know a new law has come in making it not allowed for car sales yards to arrange finance for Pensioners.
When I asked why I was told The govt thinks pensioners shouldn't be allowed luxuries.
Not sure if thats the real reason but the Govt have brought in the above law anyway.
Check with the RAC too Marg, I am not sure what their criteria is for their loans, might be worth checking.
I notice that Australian Car Sales are doing free sales ads now like Gumtree, may be a source for selling you old campervan and possibly buying another. For some reason they list campervans under Station Wagons, don't seem to have a separate section for them, see;
http://www.australiancarsales.com/carsforsale/detail.php?id=6184
Gday...
I have just posted a response that should be helpful, Marj. However, the following came up when I posted it -
"Your message has been flagged as potential spam and needs to be approved by an administrator before it will appear on the forum."
I assume the URL for the ANZ bank site must have upset the 'server'.
In essence, the site (which you can see when you/if get the post) shows that the ANZ bank certainly does extend loans to pensioners.
I also said that you should try a number of financial institutions - eg all banks - and literally get quotes for cost of borrowing. Finance arranged by car yards/dealers will almost always be the dearest loan you could obtain.
Cheers - John
Try the banks - or go to Centrelink and talk to someone there - they have financial advisors - maybe they can help you.
Good luck.
maybe if i inherit my dads honda accord down the track... (2006 model ) oh well just some dreaming and ideas
good luck with what ever you do and have you talked with your family ,?? wasnt there some one who helped out ?
they may have some ideas?
Good luck Marj!
We just have to tighten our belts a bit to get what we want.
I don't particularly like the NAB , but I know they will give pensioners personal loans .
Everybodys personal circumstances are different of course , and you would have to satisfy their requirements .
Hi sandsmere, same here, but I have just noticed you tag, its the best one I have ever seen
well we think (Marjo & Myself ) we can give some I'm not talking abouth 100's of dollars just a few
we still better off than some of us
-- Edited by Cruising Cruze on Sunday 4th of November 2012 04:53:51 PM
I wonder if the RAC/NRMA give loans for pensioners? Might be worth a try!
that lotto win takes far to long, Maybe we can do all an good deed and give Marj a few dollars
4000 members maybe it wil be enough
Just an toughl
Let me know were I have to send the money to Marj
John
Practice random acts of Kindness
SEND ALL monies to
C/o wombat
wombat hole
Western Australia
Dougwe was telling me sometime ago that dazren gives interest free loans for any amout to anybody
wombat wrote
Dougwe was telling me sometime ago that dazren gives interest free loans for any amout to anybody
----------------------------------------------------------------------------------------------------------------------------
This is True,!! however Dougwe forgot to mention that as'' COLLATERAL'' I require one wombat pelt for each dollar loaned ??
''SPECIAL'' THIS MONTH ONLY, $2 Loaned for each WESTERN AUSTRALIAN Wombat pelt. ??
there are no western australian wombats, the only ones you will see over here are in zoo's, I only come out at night so that they don't catch me
wombat wrote
there are no western australian wombats, the only ones you will see over here are in zoo's, I only come out at night so that they don't catch me
==========================================================================
you lost for words dazren, now that is unusual
wombat wrote, ----
you lost for words dazren, now that is unusual
--------------------------------------------------------
As you can see from above If i cannot think of any words i just make them up
I can undestand that and I will not tell anybody, your secret is safe with me
Pensioners?
Aren't they those old people, hunched over the steering wheel with a silly hat on, travelling at about 20-30kph?
They shouldn't be given loans to continue blocking our roads.
If they were responsible pensioners they would stay at home knitting, do wood work, saving to give all that dosh to the kids.
KenM
Ken