Quote:
Originally Posted by BlueDubbinTDI
I hope I have the self control to actually give this a shot once I'm done with this car.
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That's really what it's about. Self control. You don't have to jump back into payments as soon as you finish off paying off your current loan.
I bought a used 94 Tbird in 1995, paid off in 1999. 'Payed' myself $325 a month and had a pretty good down payment for my Acura in 2002. I haven't had a car payment in over 10 years!
... but I am itching for something new.
Quote:
Originally Posted by airjonny
Like the overall message of the video. A couple things I don't like about the video tho.
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Yeah, we can argue about the details, but the base concept is fundamentally sound.
Don't do back to back loans. Take some time in between and pay yourself.
Even if you do eventually jump back into another loan, you'll still be ahead since you can lower your monthly payments (and term) if you put down more up front.
Quote:
Originally Posted by Dadhawk
Like I said in my post above, worse case, you pay yourself a car payment for 4 years, you should be able to buy a car.
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