$10,000 car loan, approved.........

Discussion in 'Non Technical' started by quick1, May 30, 2003.

  1. DZM

    DZM New Member

    AS prob'ly mentioned already

    Basically.....dont be a loser and borrow to buy a car if at all possible. Save for it. Nothing against those with car loans but the amount of people i see in my line of work who have completely shafted themselves severely from that " i must have it now" car loan they took out years ago, it would put you off borrowing for consumables for life. Its great to have an interest, fantastic if it happens to be cars, even better if its a Z or anything else as cool. But just remember, cash is king and lending sucks, save yourself the pain, drive the shitbox and wait. Your missin nothing!! and saving everything!
    By the way im not talking about people defaulting on loans, these are people who have eventually paid off the car loan and later measured their opportunity cost once the thrill wears off.
    Having said that 10K aint a lot to borrow i suppose, so pay it off quick if you do ie dont "do up" something you don't own yet.
    =)
     

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