Thanks for the advice, folks. I'm going to buy a car for my wife with cash so she can promptly donate it to a charity. Then I am going to buy one for me on a 72 month loan and park it in the Mississippi river.
Car loan question
- Thread starter cmjh10
- Start date
CycloneErik
Well-Known Member
Thanks for making it complete. Every single poster in this thread has been told they don't know what they are doing and they are bad with money. I wanted to be one of the cool kids.
And I only have a mortgage and one auto loan. Everything else is paid for - except the kids.
I choose option B.
Paying cash and investing what would have been my car payment while keeping my monthly cash flow freed up.
Since he doesn't appear to NEED the loan, its implicit you have less risk tolerance than mtowncyclone13. Thats really all it boils down to.
CycloneErik
Well-Known Member
I haven't been told yet. It's fair game, though, and you should take the shot.
Pay for the kids, already, too, you societal freeloader. I'm not here to pay for your reproduction.
I think everyone here is missing the point. Who needs a car anymore?
I ride an organic free-range bike around town that I made out of hand-shaped fair trade driftwood gathered from our nearby beach and blessed with essential oils that detoxify my skin as I ride. This gives me clarity and purity in my life, free from any big brother mind control. I only believe in the essentials of life and avow any commercialism. I am available to give guidance to anyone here.
Everyone should try it!
Sent from my rose gold Apple Watch.
Most people seem to have a good idea of what to do in this thread. In all seriousness, debt is usually a bad thing, but cheap debt can often be leveraged to increase an investment return elsewhere. Even better is not needing to go into debt on a depreciating asset. Many years ago, a deer decided to commit seppuku on my old car and we never actually got around to replacing it--been using one car ever since. I'm sure many of you have similar stories of just cutting out a personal expense entirely after realizing it really wasn't even that necessary.
I ride an organic free-range bike around town that I made out of hand-shaped fair trade driftwood gathered from our nearby beach and blessed with essential oils that detoxify my skin as I ride. This gives me clarity and purity in my life, free from any big brother mind control. I only believe in the essentials of life and avow any commercialism. I am available to give guidance to anyone here.
Everyone should try it!
Sent from my rose gold Apple Watch.
Most people seem to have a good idea of what to do in this thread. In all seriousness, debt is usually a bad thing, but cheap debt can often be leveraged to increase an investment return elsewhere. Even better is not needing to go into debt on a depreciating asset. Many years ago, a deer decided to commit seppuku on my old car and we never actually got around to replacing it--been using one car ever since. I'm sure many of you have similar stories of just cutting out a personal expense entirely after realizing it really wasn't even that necessary.
Damn California hippies. Make Merica great again.
edit: Just kidding Kagavi. Please keep doing what you do. ISU appreciates it.
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Absolutly, why take unnecessary risk? On top of that I think it establishes discipline with your spending which generally leads to more savings and having more money to invest. I thinks it's think it's the best and safest way to go but that's just my opinion.
CycloneErik
Well-Known Member
Have you seen the rates on the high budget ones?!?!? I'm not going into debt for that hat.
