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If you had $2000 to spend on the stang...

  • Thread starter Thread starter jermy82
  • Start date Start date Mar 29, 2004
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VIPERn94Five-0

Founding Member
Apr 28, 2002
3,352
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Poughkeepsie, NY
Mar 30, 2004
#21
  • Mar 30, 2004
  • #21
well the summit thing, with no interest for a year would be very nice...since you wont have a problem paying it back....


Anthony
 

gcomfx.com

Founding Member
Oct 22, 2002
3,690
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Republic, MO
Mar 30, 2004
#22
  • Mar 30, 2004
  • #22
331 cobra said:
Unless you are buying a new car, or refinancing a car, that loan will be a signature loan and you will get raped on the intrest. If you know you can pay this off in a year, I would look at summit, they have 1 year no interest on $500+ purchases with their new credit card.

Otherwise, just save up because it isn't a good idea to get so leveraged that you can't fix your car if it breaks.
Click to expand...

I got a signature loan of $2500 - intrest was only 8% - by far worth the money to up the credit rating. I have a higher credit rating than 90% of the people living in my TownHouse subdivision - this according to the landlord. I replied, "REALLY??? That's funny, I even forclosed on a house 3 years ago when I get divorced." She did a quick check thinking there had been a mistake in my rating... but sure enough, it was on there.

Sometimes it's a good investment to pay a little interest.
 
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