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?
07-17-2007, 03:46 AM
#83
Staging Lane
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Cash Only. But I do have a cousing with a 02 GT Mustang that owes about 5-6k in his ride. plus the car note. I recently wrecked mines, well broke a rim hitting a curb and left it at his house. Im in Germany now. And just bought a 85 monte carlo ss here two days ago. neways, every time i call him, his always givin me **** about when imma fix my car and im like, at least my car, and every thing i got in it is paid off. he wont say anything else.
07-17-2007, 08:06 AM
#84
TECH Resident
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I have just over 15 left on my loan, they're right when they say the 1st year is paying off interest. Good thing is, now I have an actual credit score and getting a low interest loan in the future for anything else along the line won't be difficult.
07-18-2007, 10:18 PM
#87
Sold The Fun Stuff :(
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I wish I could do cash only. I do now. I wasn't so smart when I was younger, and its tough to pay cash only when you're from a lower income family and want to go to college. Between cars, credit cards, student loans, and all the other little nitpicky things...alot. 
07-19-2007, 09:08 PM
#91
TECH Enthusiast
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Location: Des Moines, IA
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I owe:
11k + this coming year in student loans
6k on my truck
2500 in personal loan
2100 in a credit line
and random monthy expenses such as my cell phone and insurance.
Not to bad off but no room for another ls1...yet. Im gonna wait till 09 when i can get the new camaro Then i can have my fun again.
11k + this coming year in student loans
6k on my truck
2500 in personal loan
2100 in a credit line
and random monthy expenses such as my cell phone and insurance.
Not to bad off but no room for another ls1...yet. Im gonna wait till 09 when i can get the new camaro Then i can have my fun again.
07-20-2007, 11:51 AM
#92
On The Tree
Join Date: Dec 2002
Location: Central FL
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One more payment of $491.81 to GMAC and all of my cars will be paid for. We paid off the wife's Alero last year, and the S10 Blazer was bought with cash. The Blazer probably needs around $1k dropped on it to make it a better daily driver though - A/C and a new valve body in the tranny.
It's really a regonal culture thing. When I lived in Detroit everyone had two car payments because cars don't do well in the winter there and everyone knows someone that can get them a discount on a new car. Down here, it's much less common. I can't beleive I ever paid out over $800 a month on car payments though - never again.
It's really a regonal culture thing. When I lived in Detroit everyone had two car payments because cars don't do well in the winter there and everyone knows someone that can get them a discount on a new car. Down here, it's much less common. I can't beleive I ever paid out over $800 a month on car payments though - never again.
07-22-2007, 06:30 PM
#94
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$0.00.....bought it for $12.5K cash, about $2500 in mods...cash....im good
but then theres the damn $5500 im working on paying off for snap-on, school tuition, and my mobil speedpass bill hah
but then theres the damn $5500 im working on paying off for snap-on, school tuition, and my mobil speedpass bill hah
07-22-2007, 08:09 PM
#95
What's a Sticky?
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I only owe about another $1700 on my car. All of the other mods are paid for. I actually have the money right now to pay it off, but gettting a cam and heads is far more important to me.... 
07-22-2007, 10:22 PM
#96
TECH Resident
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If you think about it, other than having overdraft protection on a checking account, there isn't really another way to work on your credit score if you pay for everything in cash. Almost like you have to have a constant manageable debt just to get things cheaper if you choose to finance anything down the road.
07-23-2007, 08:00 PM
#97
TECH Enthusiast
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As long as you have a good pay history you should be fine. you credit is actually hurt if you are in to much of debt. There are ton of other small things that can build your pay history, expecially a good checking account standing and time with the bank. A phone bill or insurance ect.
