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I'd try to hold off on rent a wheel places. These places are just like cash loan advances, they charge you a bad interest rate and in the end you pay double for the wheels. I'd save as much as you can then if you HAVE to, put it on a low interest card, and pay it off as soon as possible NOT minimum payments. I made that mistake when I was younger, and am still trying to get rid of all the cards.
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I didn’t read all the responses however financing wheels is just not a good idea imo. Wait until you can comfortably afford them.
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i'm not a financial advisor but if you cant pay off wheels in 6 months, you shouldn't be buying it |
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Honestly, if you can't afford wheels upfront you shouldn't be buying them at all. They're not a necessity. Unless someone gets some crazy offer of no interest or a decent cash back reward, If you can't afford to pay it in full at time of purchase, you can't afford it. And before some smart-alex makes a remark about financing a house, or CC's in general, those are different circumstances. Those TE37s may look nice, but having the ability to make purchases without having to think about that $50 wheel payment every month is even better. |
Of all threads to revive. Come on man
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Open up a credit card. lots of companies offering 15 months no interest and give you a cash incentive as well for spending x amount. but i advise against financing wheels.
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even if he did finance them, the car and wheels are now paid off
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If you can’t buy anything for the car cash and still have a few months savings, you shouldn’t be buying anything cosmetic or performance. Maintenance is the exception because it’s a necessity for a properly operating vehicle. The idea of financing anything other than the car itself or needing to use a credit card for car parts that you want, is not a good idea at all, ever.
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