-
If you are having trouble changng your password please click here for help.
Think im in good shape.
- Thread starter hildrethj01
- Start date
Some really good advice in this thread!
The guy wants a $12k car and he has and is willing to put down $7500. I'd say he's WAY ahead of the game already. I'm assuming it's a used car as I don't know any new cars goign for $12k, so that's another plus. If the rate difference between a 24 month and 48 month loan is insignificant, take the longer term and pay it off it 12 months. Absolutely nothing wrong with your line of thinking, OP. The interest you'll pay on $4500 in 12 months is well worth the convenience of freeing up the cash and getting what you want or need now.
Dave Ramsey is overrated. You never know when it'll be your time to go, and you can't take it with you. It's OK to live a little.
Dave Ramsey is overrated. You never know when it'll be your time to go, and you can't take it with you. It's OK to live a little.
Don't get the tru-coat.
This is what I thought too....Ive been walking around with $11k cash in my pocket going to different dealerships for MONTHS now. Looking at used minivans in the $12k range. NO dealer is willing to haggle anymore. Not sure if its used cars or what, but no one will come off a price for ****.
Better make two payments one 8grand one 3 grand,,if not they will ask you for your ss # any cash at or over 10grand have to be reported..
I would love to know what credit union you go to that your vehicle loan rates are even close to a signature loan rate??? Please enlighten me on how a lending authority would think it's wise to lend money unsecured at the same rate as they do for secured loans....my CU doesn't. And not it's not the CU I'm a member of, it's the one I work for.
I have been a member of the Delta Community Credit Union for 46 years. Great service, great rates.......
Last edited:
