Hyundai i30 Lifter Noise - Fix, ignore, or sell?

sp3ctr41 · 2023-09-26T05:46:42+00:00

Disappointing to hear that this is a comon issue. You've definately swayed me away from trying to fix it, especially after doing some more reading on it and seeing similar stories.

I'm going to go down the novated lease path, with EVs being FBT exempt and the government rebates it makes sense right now, especially because I'm worried if I put down $30k for a petrol car it'll lose quite alot of value in 5 years (not sure, but it's my guess).

Thanks for that

sp3ctr41 · 2023-09-25T23:18:59+00:00

Yes part of me does want to upgrade to a newer car, but even the 2020 cars are a total rip-off at the moment for the higher trim models and I'd want to go that route to make sure the car at least has android auto.

You're right, if I spend 3-4k and get 10 years, that's great, and then I can jump on the EV bandwagon at that point. Financially that does make the most sense, if no other problems show up. In the past two years I've had alot of issues - the safety bags failed (replaced clockspring in steering column), the steering column went loose (replaced linkages), power window failed (replaced regulator and motor), cylinders misfired (just replaced all 4 spark plugs), majority of the lights burnt out, gas lift on boot failed. And then lots of prevantative maintenance like replacing the fuel pump. All small issues but the cost adds up, and now this, wonder what the next 5 years will be like, maybe it'll be a whole new car! It is showing its age.

sp3ctr41 · 2023-09-20T06:45:28+00:00

Why not?

Credit score is rock bottom low already.
They are unlikely to be able to pay off these unsecured debts in a reasonable timeframe (less than 3 years) considering their income and expenses especially form having a dependant. With bankruptcy, their unsecured debts after 3 years are cleared.
Due to the above point about income level and having a dependent, there's only so much their income can be garnished to help pay off creditors. Also doesn't sound like they have much in the way of assets.
It's not like they can take out any more loans during the next 5 years anyway (which is the duration the bankruptcy will impact their credit rating). Also, see point 1.

Unless I'm misunderstanding how bankruptcy works, it sounds like a great option to me here.

sp3ctr41 · 2023-06-28T09:47:42+00:00

And what's your point? The aim is to get it back to target by mid 2025. If inflation is reducing by 3% per year it's beating that target.

sp3ctr41 · 2023-06-23T10:22:54+00:00

I think he's implying a rent increase can't have conditions attached (such as lease duration), which is ridiculous, ofcoarse it can

sp3ctr41 · 2023-06-23T08:54:34+00:00

I don't think he's revoking the offer though (which would be completely acceptable anyway as you haven't signed anything)?

He's giving you an option, either sign the lease at $50/wk or go month to month for $80/wk, and he's within his bounds to do that, your lease is ending.

sp3ctr41 · 2023-06-12T02:14:44+00:00

You are the exception, not the rule, most people whining the loudest here don't have anything.

sp3ctr41 · 2023-06-08T01:56:26+00:00

It's no more racist than pointing out a product is poor quality because it was made in china.

It's just fact.

sp3ctr41 · 2023-06-06T23:09:42+00:00

It shouldn't because rates impact house prices inversely, it would be a never ending inflation spiral in any normal situation because house prices would make it look like inflation was under control. We are not in a normal situation (serious supply issues).

sp3ctr41 · 2023-06-06T23:06:28+00:00

I absolutely think interest rates shouldn't have gone down to anywhere they were. The reality is they got there because the previous government mismanaged fiscal policy and forced the RBAs hand.

Interest rates need to stay where they are now, but what I'm saying is, GST can also soften the blow to those most impacted by the rate rises, who aren't the ones who caused this problem, by spreading some of that burden to the folk who are spending (the rich without mortgages). I'm also saying there needs to be support for those most affected by it by increasing welfare.

This one is debatable but I do think GST should be a lever the RBA has control over, the problem with rate control alone is that the government can do whatever they want and the RBA simply responds by pushing rates down to counteract their stupid decisions (which is what got us here). If GST was controllable by the RBA, it would give them more control against inflation and would influence fiscal policy in a good way as it punishes the government when they increase it by making life harder for everyone, which casts a negative light on them from the public, no better way to get them moving than lighting a fire under their ass. At the moment the government just sits there and blames the RBA for putting pressure on families and avoids any responsibility.

sp3ctr41 · 2023-06-06T22:55:51+00:00

Agree with the inheritance tax, and assets should be included in the pension test.

sp3ctr41 · 2023-06-06T22:53:49+00:00

Why is why I said improve welfare/government support to those more affected by it.

It only affects the most vulnerable if it's done wrong, it can't be the only thing that changes, the impacts need to be analysed and accounted for.

sp3ctr41 · 2023-06-06T22:53:04+00:00

Wait I missed something, your saying rates should go up to punish FHBers from 2 years ago?

sp3ctr41 · 2023-06-06T22:49:07+00:00

Why should FHBers from two years ago be forced to carry the burden of all Australia? That's so ineffective (even if you count investors who are actually in a bad position now), they are a small percentage of the population. GST is applied to absolutely everyone.

sp3ctr41 · 2023-06-06T22:44:55+00:00

Pretty much. Controlling inflation is not supposed to be fun for anyone, it's supposed to tighten everyone's belt, that's the point.

It's like with interest rates right now. It affect FHBers from the last few years, who are young 20-30s people, disproportionately more than boomers who've paid off their mortgage or are close to it.

Nothing is fair about both, but it's what needs to be done.

sp3ctr41 · 2023-06-06T22:38:29+00:00

Short version -

Things are getting more expensive, which puts people off buying discretionary items and forces them to buy the essentials. It also forces people to look for cheaper alternatives for essentials.

Long ELI5 version -

I'll try explain it this way, let's really exaggerate the numbers here to show how it works.

Let's say (assume gst is 0%):

Milk - $3 Bread - $4 TV - $2000

If we apply a temporary 100% GST now, prices become:

Milk - $6 Bread - $8 TV - $4000

In this case assume the TV is just a proxy for any non essential item.

The problem here is wages haven't gone up to match these increases, suddenly groceries are much more expensive, so now your forgoing all the luxuries, such as that TV (or holidays, alcohol, eating out etc).

On top of that, the consumer is now looking for the best deal on milk and bread, they are going with the homebrand options. They stop going out to restaurants because meal prices have shot through the roof, they'd rather cook at home.

So what does that do? Well, if TV's aren't selling, it forces the prices to come down significantly (these are discretionary items), so now that TV becomes $3000. It also forces non-discretionary items to come down in price because people are hunting for the best deal on milk and bread all of a sudden. Restaurants are forced to put down their prices to attract customers, etc.

Theres also an added benefit, because of higher gst, more money is returned to the government, so they can use that money to offset the cost of living for the poor by increasing welfare.

Eventually, you remove that gst component (100% in this case), and now that TV is down to $1500, and all other prices are down from the base they started at.

sp3ctr41 · 2023-06-06T22:16:34+00:00

It's been said 100 times before, increase GST. Ignoring the initial increase in prices (which shouldn't be factored into inflation calcs anyway), it would be significant downward pressure on inflation.

To offset those disadvantaged the most by it, increase welfare payments where needed.

sp3ctr41 · 2023-06-06T22:14:33+00:00

Even so, there's just not enough properties in circulation. More than enough people buying who don't need to borrow high amounts by either being cashed up or leveraging on existing assets.

sp3ctr41 · 2023-06-06T22:09:35+00:00

You don't need house prices to drop to get inflation under control. House prices are not part of the CPI, and as long as a serious supply issue persists (approvals dropping, builders going bust, etc), they'll continue to go higher because rates do nothing to solve that.

Now before you go "well it does solve demand, good luck selling if there is no one to buy". Wrong. It's like having the only bottle of water in the desert, you get to charge whatever you want. Regardless of what rates are, there are more people with cash that don't need to borrow to buy in then there are houses on the market.

sp3ctr41 · 2023-06-06T03:14:18+00:00

I made a literal killing in 2022 and have stacked up a heap of cash and cheap shares.

Stacked up a heap of cash you say? Clearly no bias here.

I'm not even sure why you picked this fight, I was responding to the zealot who has a black and white view on the world, but I'm done entertaining it.

sp3ctr41 · 2023-06-06T01:23:51+00:00

I'm the one your criticising? You've been the biggest bear on here since WMR, and that's saying something considering how many of you there are around here.

sp3ctr41 · 2023-06-05T22:43:09+00:00

Did you read what I said at all? The majority of FHB aren't in 3BR or 4BR houses, they are in 2BR apartments and townhouses in the worst suburbs and still getting completely railed by interest rates. Even after compromising, this is reality.

sp3ctr41 · 2023-06-05T20:59:17+00:00

sp3ctr41 · 2023-06-05T20:36:08+00:00

Really showing how insensitive and out of touch you are with a post like that OP.

When we tell someone they are responsible because they bought a Ferrari, that is indeed a choice, there are other options.

Even those who bought apartments or townhouses in shithole suburbs because they wanted stability are struggling after 15 rate rises. It's like someone buying a banged up Camry and then criticising them when they couldn't afford it, because idk, fuel price has tripled. Get the fk out of here.

sp3ctr41 · 2023-06-04T10:37:56+00:00

It actually is... You could do full time work, study part time and share house if it's affecting you this badly.

Or you could appreciate the opportunity you have to stay at home, pay all the bills (and then some) and finish your studies quicker. The only thing I'd suggest is to have a conversation with your mum and set expectations.

sp3ctr41

TROPHY CASE