View Poll Results: how much debt r u in?
none
147
40.95%
below $1k
21
5.85%
1k to 3k
25
6.96%
3k to 5k
32
8.91%
5k to 10k
64
17.83%
10k to 50k
55
15.32%
50k to 100k
7
1.95%
100k to omg
8
2.23%
Voters: 359. You may not vote on this poll
how bad in debt are you over your car?
07-02-2007, 10:39 AM
#25
TECH Resident
I owe $20K on the car, and about $13K in credit cards. Of that $13k, only about $3k is from my car. The rest is college expenses, previous car related maintence, a few bad GF break ups, and a love for strippers.
I figure, your not promised tomarrow, so enjoy life now. Im probably going to have to work till Im dead anyways to make a living.
I figure, your not promised tomarrow, so enjoy life now. Im probably going to have to work till Im dead anyways to make a living.
07-02-2007, 12:03 PM
#26
I paid for the SS in cash 2 years ago and every mod after has never been paid for with credit so the SS is 100% mine.
I owe about 14K on my daily driver though and about $300 on one of my credit cards. I'm going to get my daily driver paid off ASAP, somehow I see a tour to the middle east in my future so I don't think that'll be a problem.
I owe about 14K on my daily driver though and about $300 on one of my credit cards. I'm going to get my daily driver paid off ASAP, somehow I see a tour to the middle east in my future so I don't think that'll be a problem.
07-02-2007, 12:16 PM
#28
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Originally Posted by ChocoTaco369
$0.00 
i paid for my car in cash and i only buy mods if i have more than enough money to pay it off.
it's all about responsibility, guys
i paid for my car in cash and i only buy mods if i have more than enough money to pay it off.
it's all about responsibility, guys
+1... yeah I don't have a badass SS or a real low mile Z28 like some of my friends who are my age 18-20, but my car's paid off
07-02-2007, 12:42 PM
#31
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I have under $500 left on my Camaro and under $200 on credit cards, another year of school and then Ill have around $30k in student loans to start paying on.
07-02-2007, 05:41 PM
#32
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i owe about 11500 on my car, but the great thing is that it is already moded when i bought it, with a 9in, full chromoly bmr suspension, roll bar, and a cam. and runs low 11s.
07-02-2007, 07:11 PM
#36
Tech Resident
Originally Posted by markzeronine
+1... yeah I don't have a badass SS or a real low mile Z28 like some of my friends who are my age 18-20, but my car's paid off
07-02-2007, 09:14 PM
#37
LS1Tech Administrator
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I owe nothing on my Z28. But I do owe a bit on my Monte SS though. Not a big deal, I could have paid cash for the car but it wouldn't have been worth it.
It's great to toss down $15-20k in cash to buy a car, but you have to remember that sums of money that size can work for you. Look at what sort of investment options are feasible for your situation, then see what sort of interest rate you can get on a loan. Sometimes, you'll find that it's in your best financial interest to take out the loan and invest the cash. This will be moreso the case as you get older and have a good enough credit score that low interest loans are easy to get.
It's great to toss down $15-20k in cash to buy a car, but you have to remember that sums of money that size can work for you. Look at what sort of investment options are feasible for your situation, then see what sort of interest rate you can get on a loan. Sometimes, you'll find that it's in your best financial interest to take out the loan and invest the cash. This will be moreso the case as you get older and have a good enough credit score that low interest loans are easy to get.
07-02-2007, 10:57 PM
#39
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Originally Posted by ChocoTaco369
see, at least we own our 13 second cars. you see all these guys running 11's and under on this forum. wanna **** them off? ask them how they convinced the bank to them drive their 11 second car
My CBR is stock though, and i owe money on it.
Lesson here: Don't leave **** stock. haha
07-03-2007, 02:02 AM
#40
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99 trans am vert-owed 10k on it paid that ALL off in one day..............totalled it three days later 
99 ss-paid cash in full GOTTA LOVE FULL COVERAGE
99 ws6-again paid in cash with the money i sold the ss for
but i do have some car related debt be gas cards/small aftermarket ****/stereo/tickets
i owe the great state of la like 200 bucks and other than that i got about 2-3k on credit cards
99 ss-paid cash in full GOTTA LOVE FULL COVERAGE
99 ws6-again paid in cash with the money i sold the ss for
but i do have some car related debt be gas cards/small aftermarket ****/stereo/tickets
i owe the great state of la like 200 bucks and other than that i got about 2-3k on credit cards