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re: Anyone with big car notes, check in...

Posted on 8/2/14 at 10:25 pm to
Posted by AU4real35
Member since Jan 2014
16065 posts
Posted on 8/2/14 at 10:25 pm to
My truck is paid off... Wife's car 460/ month.
Posted by yellowfin
Coastal Bar
Member since May 2006
98736 posts
Posted on 8/2/14 at 10:25 pm to
cops don't come out to the farm very often
Posted by N2cars
Close by
Member since Feb 2008
37882 posts
Posted on 8/2/14 at 10:25 pm to
We've all been there.

I won't talk about the Thunderbird Super Coupe I just had to have.

Posted by Ellis Dee
G-Lane aka Pakistan
Member since Nov 2013
7045 posts
Posted on 8/2/14 at 10:27 pm to


Car buying advice from Will Cover would have been very helpful when I bought my vehicle.
Posted by yellowfin
Coastal Bar
Member since May 2006
98736 posts
Posted on 8/2/14 at 10:27 pm to
quote:

Other than that I would 100% use a credit union too.



Mine doesn't do business loans of any kind so I have to keep a bank for that

don't know if that's sop for credit unions or just mine
Posted by southernelite
Houston, TX
Member since Sep 2009
53561 posts
Posted on 8/2/14 at 10:27 pm to
out there in beauregard parish, the cops are particularly nosy.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179185 posts
Posted on 8/2/14 at 10:28 pm to
quote:


Why wouldnot you just buy it as a business vehicle and take the bonus depreciation in year 1?



Couldn't I sell it to my business when I am finished with it as a personal vehicle and still do this?
Posted by jose canseco
Houston via Houma via BR via NOLA
Member since Jul 2007
5667 posts
Posted on 8/2/14 at 10:28 pm to
quote:

Exactly! Invest the damn money.


Exactly. And don't take the wife and kids to a vacation, invest!

Don't celebrate anniversary at high end restaurants, invest!

Don't buy an HD tv, invest!

Ridiculous
Posted by LouisianaChessie
Baton Rouge, LA
Member since May 2010
2582 posts
Posted on 8/2/14 at 10:30 pm to
I was a first time car buyer fresh out of school when I bought mine. No debt no credit history. I drive quite a bit to say the least so I had to have something low mileage and didn't really like the barely used options at the time. I bought a new vehicle optioned very nicely and the note is 950 a month. Because I drive so much my company issues a monthly car allowance so it takes away the sting. Not a smart decision by any means but frick it. You can only be young and dumb for a while before you're just dumb.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179185 posts
Posted on 8/2/14 at 10:30 pm to
I just went through trying to get a title for a 16' trailer that came into my possession. I finally got it but it was a PITA

I am also about to get a free Kawasaki Mule as soon as the bank releases the house to me it's located at. I will not be able to title it either unless I get my tow license and designate a tow yard. Not sure what to do with it.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84349 posts
Posted on 8/2/14 at 10:31 pm to
O-T baller?
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/2/14 at 10:32 pm to
quote:

free financing


Ain't nothing free. If they'll give you a zero interest rate on one price, they'll give you an even lower price on a cash deal. Cash is the mother fricking king. Period. The. End.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179185 posts
Posted on 8/2/14 at 10:32 pm to
quote:

O-T baller?




The person lost their house so I doubt they are balling at all.
Posted by partsman103
Member since Sep 2008
8615 posts
Posted on 8/2/14 at 10:32 pm to
It's OK to splurge..but seriously why put money down on something that will depreciate?
To each their own I guess but to me it's like flushing money down the toilet.
Posted by sneakytiger
Member since Oct 2007
2496 posts
Posted on 8/2/14 at 10:32 pm to
Maybe, but you wouldn't get the full amount of the write off vs. buying new. Talk to a tax accountant.
Posted by yellowfin
Coastal Bar
Member since May 2006
98736 posts
Posted on 8/2/14 at 10:33 pm to
Why you need to title a mule?
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84349 posts
Posted on 8/2/14 at 10:33 pm to
I was asking about you, foo.
Posted by LouisianaChessie
Baton Rouge, LA
Member since May 2010
2582 posts
Posted on 8/2/14 at 10:34 pm to
Why would you need to title it. Have never been asked for a title or anything else for that matter on an atv
Posted by uptowntiger84
uptown
Member since Jul 2011
5049 posts
Posted on 8/2/14 at 10:34 pm to
You must be poor. I paid cash for my ferrari.
Posted by N2cars
Close by
Member since Feb 2008
37882 posts
Posted on 8/2/14 at 10:35 pm to
At that point, you didn't have leverage. Plus, you had really no idea how the BS works.


Next time, you'll have super credit and you'll know a lot more.
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