My mate just turned 18 and recently finished paying off his $12,000 ute that he bought a few years ago. He had saved up a couple grand since and only a few weeks ago did his ute start shitting itself.

There was a loud clanging coming from the engine, and all the mechanics he went to told him it'd cost heaps of money to get fixed. He decided to trade it in for a brand new Holden SV6 ute http://img386.imageshack.us/img386/5386/carvd8.jpg

He borrowed $18,000 from the bank, traded his car in for $6,800 and put in his saved money to buy it. Do you think this is smart?

Maybe. If you started with a fair price and have a good interest rate on your financing, and you can manage your payments... why not?

Trading in a car is almost never smart, trading in a busted car is never smart at all. Buying a new car is a pretty stupid move too, unless you've got 30% of the value of the car to just throw away in the first year.

Someone was telling me the price of new SS utes has dropped below 30k
That's a frickin bargain considering they were near 40 a little over 12 months ago.

Guess Holden are felling the economy falling too.

I doubt it.


SV6 utes are still around 30?

Man, that looks weird, a Vauxhall Astra pickup. Damn GM and their cross-country marketing.

??

holden baby, fuck gm...

Holden Astra. The only thing they have in common is the headlights and the brand. 6.2L V8 and 6 speed manual, on the Zeta platform? Yes pleaaaaaaaaase.

Nah. The SS V8's are like $45,000 new without any extras.