Thread: Financing a Car
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Old 02-03-2013, 12:09 PM   #4
Drow
look at these diamonds, they shining
 
Join Date: Apr 2008
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the debt part really scares me. I am very fortunate to graduate with 0 debt (powered by parents) and the thought of being 20-40k in debt for one purchase is upsetting.

However before financing the car I would be putting a big chunk of money as a down payment, and looking to pay off the vehicle within a span of 2-3 years max.

If i do save up enough money to just fully purchase the car, I don't think i'd pull the trigger and dump all the money for a vehicle.... i'd rather keep that saved money and use it as a down payment for an apartment purchase or something

Quote:
Originally Posted by Jgresch View Post
Stay out of debt.
Of course. But sooner or later i will have to be in debt due to taking out a mortgage when i'm older
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