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DanielTosh
Favorite team: | |
Location: | |
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Number of Posts: | 32 |
Registered on: | 2/25/2014 |
Online Status: | Not Online |
Recent Posts
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re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 11:43 pm
[quote]Not that it matters but what this thread is about revolves around consumer psychology. Needs and wants, patience, etc. My psychology is a car is a tool, like a hammer. I know not everybody it's like me and that's fine, and I've said my piece on the subject. I just don't understand the psycho...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 11:32 pm
[quote]Man we were all young at one point too. I threw away money on more stupid things than I can count. I think everyone here is just trying to help[/quote]
I understand that and I probably seem very unintelligent to many of you that are older. I also know that I will probably do many things ...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 11:23 pm
[quote]You sound like you have it all figured out. What did you come here for?[/quote]
Pretty sure I asked a simple question in the OP. It turned into a life coaching session by people that most likely aren't perfect with their money....
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 11:03 pm
[quote]Ok, then your nice truck is your reward. Trying to justify it as the wise financial decision that it's not (building credit, "writing off", etc.) is silly. [/quote]
I'm not saying it's the wisest decision in the world but at least I am putting money back. Almost everyone I know making clos...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 10:58 pm
There is a big difference in a movie company and an industry that literally runs the world. Even if it slowed down I have enough contacts to keep working. The chances of me getting injured where I can't work are probably <1%. I'm not going to quit living life because of a highly unlikely possibility...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 10:53 pm
I've done a lot of research on it lately and a fair amount of time when a BK falls off of your credit report it hurts your credit score. It could take a while to bring it up anyway. If I get an 8% loan and double up on the payments I wouldn't get hurt that bad. I know I can be disciplined enough to ...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 10:50 pm
[quote]He's ~29, he wrecked his credit when he was 20-22. [/quote]
Yes I'm almost 28. I really messed it up bad at 20. I started being smarter with my money and paying off debts at 23-24....
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 10:47 pm
[quote]Tosh, you kept harping on the tax deduction for buying new on the OT, but did you ever consider the opportunity cost that will cover is describing above?[/quote]
It doesn't matter. I want a nice truck and I was advised to buy a brand new one. I don't blow money anymore like I used to. As m...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 10:43 pm
I'm not 22. I'm 27 and I know that's still young so I'm not trying to act like some old wise man.That is when I messed up my credit. I highly doubt the 2nd largest company in my field(multibillion dollar company) in the world is going to close shop. I have a 401k with close to 60k(I know it's not en...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 10:22 pm
[quote]Just be truthful and say you want the $50K + vehicle. It's much easier that way. [/quote]
I already said that. There are multiple reasons that I want it. I could see if I made half of what I'm making and owed money to everyone. I have paid everyone off and most of the negatives on my credi...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 10:08 pm
[quote]No one has directly asked this, so I will... why do you want to buy a 50K truck? Do you need it for work? [/quote]
Well I need a reliable truck because I could have to drive fairly long distances but I know I could get a used reliable one for cheaper. I literally have paid off every singl...
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 1:05 am
[quote]So you bought a bunch of shite when you were young and then lost your job causing bankruptcy. You work 7 years to get everything back to where it should be making 85k. Now you are making 12k/month for 2 months and the first thing you want to do is buy a 50k truck? You obviously didn't learn ...
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 12:59 am
Got it...
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 12:54 am
[quote]Nice. I work at a GMC store so I love the new ones. I'm looking at getting a Denali version later this year. These trucks are bad arse and once the word starts getting out on them we're going to start selling the shite out of them. GMC finally did something right with these new models....
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 12:53 am
[quote]I am a finance director. I can get you a very good rate through a subvention program. Let me know if you are interested. Don't mind helping out a fellow TD'er.[/quote]
I am interested in finding out more. You have a website or email?...
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 12:41 am
[quote]Good luck. seriously, and be smart this time.... Btw, what kind of truck are u looking at? Just out of curiosity.[/quote]
Thanks. I have a $500 limit credit card that I put about $150 on a month, rent, and utilities so I should easily be able to afford it and pay it off fast. I'm lo...
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 12:35 am
[quote]Are you a self employed 1099?[/quote]
Yes and I have an S Corp. ...
re: Bad credit auto loan, big down payment
Posted by DanielTosh on 2/26/14 at 12:26 am
[quote]God you are bad with money[/quote]
I messed up bad when I was 20-22 years old and I'm still recovering from it. I have gotten a lot better since then. A lot of the money I made was paying off debts from years ago. I know I've made some dumb decisions and this truck may be one but I know I ...
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 12:23 am
[quote]And I just looked, you can only depreciate $11,600/yr on the vehicle. So you're better off buying a 15k used vehicle and depreciating the $3000 or so a year that the IRS allows. But you shouldn't be able to do both since you are receiving a mileage reimbursement for business use above the...
re: Bad credit auto loan with big down payment?
Posted by DanielTosh on 2/26/14 at 12:20 am
[quote]Alter, never mind.[/quote]
Well yea lol. For one I don't want everyone knowing my business and two I didn't want to look like a tool trying to act like I make good money...
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