Equity loan for a new car? - equity auto insurance
I'm 36 and tired of my 99 Jetta VR6. I really want a Lexus IS250. This is what we have continuously. I have about 14.5K in a credit card, but only from an intelligent decision, not his balance and fell to 4.9 until the payment of the balance. Good move on my part. We only have 47K in my house is worth 225K. I make about 50k per year. I get a car loan at 6.75, but must obtain a full coverage auto insurance is more than a year in 2K, which he now pays. The payment would be $ 482 for the car. I Should an equity loan so that you can deduct the interest of maintaining liability insurance for more than simply the additional money would have to pay the insurance on the car and pay before? However, if I'm in an accident is not likely. An IS250 simply supports the value of the property. A wreck can pick up 10 easy-15K. You only live once people, so I can keep my Jetta look and invest in another house for me when I'm old, was bald, fat or have a car and enjoy life now. Who knows, maybe you have a stroke 5 years from now?
Sunday, January 17, 2010
Equity Auto Insurance Equity Loan For A New Car?
Subscribe to:
Post Comments (Atom)
2 comments:
Better than at home like a credit card, which is nothing?
If you finance the car through a credit line for 30 years to buy the car, here's a news flash: you can not afford to buy a car.
1. A debt of $ 14.5K in credit card format says I can not manage your money and you live outside of their scope.
2. Liability insurance is a big mistake in a relatively new car .... even if you do not afford insurance, you can not pay the car.
3. No car has its value ... No car.
Do you have big financial mistakes, and never from the credit card the ability to proceed as it is paid. You do not even have enough money for another house B / C, if the tenant does not pay rent, they are 3 paychecks away from foreclosure and bankruptcy.
It also seems that they have no savings or retirement ... Another big mistake, at your age.
You yourself have in the car you want to talk. Hurry up and go buy it, before he had a stroke or will soon.
Post a Comment