Hi, Guest
01-24-2006, 06:02 AM
Okay as the subject line suggests. I need some guidance in deciding what to do with my income tax refund this year.
Stats on the Focus 2005MY in service Sept '04, current mileage 29,450KM. Only one serious unscheduled repair, that being the fuel sender & pump. I'm looking at probably close to $3K for the extended warranty to 7 years/150,000KM at this point.
My refund is looking to be approximately $2300 if I only make the minimum required repayment to the Home Buyers Plan withdrawal of $1,330.
My mortgage stands at a little under $94K as we speak.
In terms of mods, I'm looking at doing the intake & exhaust (Steeda CAI & MBRP exhaust) and getting hood struts installed since I run the risk of beheading myself every time that I open my hood owing to Ford's placement of the hood prop <_<
Now I could also make the max repayment to the HBP based on my RRSP contributions ($4,100) which would lower the amount to be repaid to $15,900 over 14 years and still give me a refund of $1,200 or so, which would give me the cash to do most of the mods.
So, what say you all? I'm in no rush to make this decision, looking at late March until I get all the slips/receipts that I need anyways, but I wanted to hear some opinions.
NefCanuck
Stats on the Focus 2005MY in service Sept '04, current mileage 29,450KM. Only one serious unscheduled repair, that being the fuel sender & pump. I'm looking at probably close to $3K for the extended warranty to 7 years/150,000KM at this point.
My refund is looking to be approximately $2300 if I only make the minimum required repayment to the Home Buyers Plan withdrawal of $1,330.
My mortgage stands at a little under $94K as we speak.
In terms of mods, I'm looking at doing the intake & exhaust (Steeda CAI & MBRP exhaust) and getting hood struts installed since I run the risk of beheading myself every time that I open my hood owing to Ford's placement of the hood prop <_<
Now I could also make the max repayment to the HBP based on my RRSP contributions ($4,100) which would lower the amount to be repaid to $15,900 over 14 years and still give me a refund of $1,200 or so, which would give me the cash to do most of the mods.
So, what say you all? I'm in no rush to make this decision, looking at late March until I get all the slips/receipts that I need anyways, but I wanted to hear some opinions.
NefCanuck