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  1. J

    Would I be an idiot to "upgrade" from my 2015 Fiesta ST to a cheap Chinese EV?

    @camillecosby Their arse.
  2. J

    Given these T&C's: do I get any benefit from paying extra into my loan vs using offset account?

    @icecream543791 The money in the loan account belongs to the bank. In theory they have no obligation to give that money to you (though in practice many banks let you redraw it without penalty). But as an extreme example, if a bank had a liquidity crisis, they are perfectly entitled to just take...
  3. J

    Given these T&C's: do I get any benefit from paying extra into my loan vs using offset account?

    @icecream543791 Put simply, money in the loan account belongs to the bank and money in the offset belongs to you. The bank can at any time change the terms of the loan such that you can’t have what you think is “your” money, because it isn’t actually yours when it sits in that account.
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