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You seem too pragmatic for this.
Posted by Mike Johnson (more from Mike Johnson) on Tue, 26 Jun 2012 13:26:34
In Reply to: Quick loan advice needed., B Millar [Profile/Gallery]
, Tue, 26 Jun 2012 11:32:50
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All the advice that you post, clever work-arounds that you have, videos etc, seem counter-intuitive to the basic principle that car loans are just plain dumb. If you can't pay cash, run away. Borrow for a house, or an education (if you have to), but don't borrow for a car.
This is even before you factor in the other issues with parts etc. Keep buying used cars for which you can pay cash and slowly build up the quality of purchase throughout your life. Don't blow it. This will just set you financial life down the much more bumpy road.
Go for a nice fast ride in your 2004 and forget about the new one.
Mike
posted by 72.95.122...
Posts in this Thread:
- Quick loan advice needed., B Millar , Tue, 26 Jun 2012 11:32:50
- Re: Quick loan advice needed., Wasabi, Sat, 30 Jun 2012 09:38:53
- 72 months is a guarantee for Upside Down in future, MI-Roger , Wed, 27 Jun 2012 06:23:55
- Run Away, EGD , Tue, 26 Jun 2012 16:05:09
- You seem too pragmatic for this., Mike Johnson, Tue, 26 Jun 2012 13:26:34 <-- Viewing This Message
- Re: Quick loan advice needed., Justin VanAbrahams , Tue, 26 Jun 2012 12:01:40
- Is the financing in place?, ToddInMA, Tue, 26 Jun 2012 12:00:12
- Yes., B Millar , Tue, 26 Jun 2012 12:15:56
- Re: Laser Red, thatbobguy , Tue, 26 Jun 2012 18:56:29
- Why are you looking to replace the '04?, ToddInMA, Tue, 26 Jun 2012 13:55:16
- Brad, what are you looking for?, Siegfried, Tue, 26 Jun 2012 13:22:07
- Re: Brad, what are you looking for?, B Millar , Tue, 26 Jun 2012 13:31:53
- Re: Brad, what are you looking for?, No Snaab, Wed, 27 Jun 2012 05:39:30
- Leasing isn't an option for me., B Millar , Wed, 27 Jun 2012 14:05:00
- Re: Brad, what are you looking for?, Dan-O, Wed, 27 Jun 2012 09:34:41
- Doubt it, No Snaab, Wed, 27 Jun 2012 09:59:23
- toys = $$$$ .... 6yrs on used car is long to finance, Trev, Tue, 26 Jun 2012 17:29:16
- Re:, Siegfried, Tue, 26 Jun 2012 13:51:18
- Re: Quick loan advice needed., Dan-O, Tue, 26 Jun 2012 11:51:00
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