Vortec Lover
Behold the Beast
This thread is still going? C'mon guys
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This thread is still going? C'mon guys
Look at it this way... What would the loan cost? What would the interest rate be? If it isn't high, use half cash, and half loan and it will build up your credit.
Loans are only bad when interest is high. You're only 16, you need to build up your credit, and doing short term loans are a way to do that. Or use a credit card with LOW interest and pay it off asap. It's not the end of the world here if you borrow money. The key is how its done and that you pay it off. Use credit to your advantage.
But if it were me, I'd so SAS!!
I haven't read all the replies, but I'll chime in anywho... Do not buy something unless you can pay for it in cash. Exceptions for when you are a bit older... a home mortgage and maybe an auto loan. When I was in high school/college, I had a full time job but I also did handy work, yard work, etc. to buy stuff for my truck. If you need something done ASAP to your vehicle for the sake of safety and being street legal, see if a family member will match you dollor for dollar on what you need done and in return you'll be responsible for paying back the deed whether monetarily or with a little sweat equity...
He lies! (partly) It's an icy slope...
nothing like the credit card companies dangling the caramel apple over the bottomless pit. Because you'll think "worked last time" and eventually you'll be biting off more than you can chew- and its not until you've got it in your mouth that you figure it out
loans are last resorts