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Posts: 14539
01/28/12 12:11 PM
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01/28/12 12:16 PM
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01/28/12 12:19 PM
Air Spider 777 wrote:My point for not wanting him to let it ride like you said, is based on the vehicles age. I wouldn't want a vehicle I have paid off when its 11 model years old. My point for him not taking out the loan is because as a 21 year old, making 35k, you dont want yourself locked into a monthly debt. If he is saving the money, he isnt contractually obligated to do so. So if something comes up he's alright. If he is in a contract to make the payments, lets say he gets laid off, which given in this economy young, entry level jobs are dropping like flies, he's has a problem. To me at that age/salary range (not being an #**!@@% op), I would just wait till I have the cash. Then again Stilln, Flyers fans and Rangers fans never agree do they?? LOL! No hard feelings brah.
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01/28/12 12:25 PM
Tmobile Mytouch 4G Owner Chicago x Nigeria
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01/28/12 12:31 PM
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01/28/12 12:41 PM
MrBrown wrote:Just save the money you make 35K a year and haven't saved this is why we are America
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01/28/12 2:09 PM
StillIn729 wrote:MrBrown wrote:Just save the money you make 35K a year and haven't saved this is why we are America what?
Posts: 2947
01/28/12 2:24 PM
DCAllAmerican wrote:I know it is a side argument but we have to know how often/far dude is driving to spend $200 in gas a month. I don't even think I do that in 2 months. LOL. But then again, I catch public transportation to work. I just believe in playing it safe with your money. I don't see how taking out an auto loan is playing safe. Stylin seems to be more concerned about the actual car he is interested in instead of the financial situation. I don't know, I just don't like suggesting to young people to take out a loan if you can avoid it.
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01/28/12 2:44 PM
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01/28/12 3:02 PM
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01/28/12 3:52 PM
cguy610 wrote:DCAllAmerican wrote:I know it is a side argument but we have to know how often/far dude is driving to spend $200 in gas a month. I don't even think I do that in 2 months. LOL. But then again, I catch public transportation to work. I just believe in playing it safe with your money. I don't see how taking out an auto loan is playing safe. Stylin seems to be more concerned about the actual car he is interested in instead of the financial situation. I don't know, I just don't like suggesting to young people to take out a loan if you can avoid it.DC, not everyone can get to their job using public transportation. Some people have to have a reliable car to get to work, period. No car = no job for some folks.
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01/28/12 5:28 PM
Posts: 4251
01/28/12 6:32 PM
crcballer55 wrote:StillIn729 wrote:MrBrown wrote:Just save the money you make 35K a year and haven't saved this is why we are America what?He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.
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01/28/12 6:49 PM
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01/28/12 7:41 PM
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01/28/12 9:04 PM
StillIn729 wrote:crcballer55 wrote:StillIn729 wrote: what?He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.this idea is retarded; he would be blowing more money that way...what are you talking about?
crcballer55 wrote:StillIn729 wrote: what?He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.
StillIn729 wrote: what?
Posts: 4255
01/28/12 9:28 PM
crcballer55 wrote:StillIn729 wrote:crcballer55 wrote:He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.this idea is retarded; he would be blowing more money that way...what are you talking about?The key word is "IF". When you're letting the bank pay you rather than you pay the bank, then you tend to make better and more prudent decisions.
StillIn729 wrote:crcballer55 wrote:He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.this idea is retarded; he would be blowing more money that way...what are you talking about?
crcballer55 wrote:He makes a decent living and his apartment is about 25% of his take home pay. That means there's $1500/mo. left over for miscellaneous stuff. With that money, he could have saved $15,000 for a car in a year and would be able to drive something nicer. AND with no loan.
Posts: 14542
01/28/12 10:09 PM
StillIn729 wrote:crcballer55 wrote:StillIn729 wrote:this idea is retarded; he would be blowing more money that way...what are you talking about?The key word is "IF". When you're letting the bank pay you rather than you pay the bank, then you tend to make better and more prudent decisions.still makes no sense; getting a car loan means you tend to make bad decisions?
crcballer55 wrote:StillIn729 wrote:this idea is retarded; he would be blowing more money that way...what are you talking about?The key word is "IF". When you're letting the bank pay you rather than you pay the bank, then you tend to make better and more prudent decisions.
StillIn729 wrote:this idea is retarded; he would be blowing more money that way...what are you talking about?
Posts: 1674
01/29/12 12:00 AM
Te a m BURNoneit's 4:19, got a minute?
Posts: 7543
01/29/12 12:06 AM
C o IVI p L e X wrote:update: applied for car loan at wells fargo (only place i could find that minimum loan was only $5k and they could be used at both private parties and independent dealers since i didn't have a specific car in mind) and got turned down (99% sure it was due to lack of credit history). going to use my girl as a co signer (her FICO score is 715 and has a way longer credit history than me) my question is should i reapply with wells fargo and be pre approved and if so will that be another hard inquiry on my credit or should i just try to finance through the dealership i buy the car? problem is i want to keep my options open if i did want to go through a private party i want to be ready. sorry guys but there is no really persuading me not to take this loan so i guess what i'm looking for is the best advise to get the loan. i do appreciate all of the input though.
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