Well, since Ford has been giving zero percent on loans, this statement doesn't really hold water. At zero percent interest there is no extra benefit to paying faster, and, as it is fixed over the course of the loan, your car payment is immune to inflation, therefore, in adjusted, referenced dollars, it goes down. So, by holding out and paying the minimum amount each installment, you are actually saving money long term. Since he could have bought the car with zero percent and no money down, the depreciation schedule of the car could just be well ahead of his payments, thereby putting him in a situation where he owes more money than the car is worth (hence impractical to sell) but has actually followed a sound fiscal plan. As long as he accounted for this by not needing to sell the car, all is well.If you owe too much, then why spend the money on the engine and not pay off the car??? Does anyone have any money management skills anymore???
Semanics?? C'mon....my arguement holds up regardless of his "situation" too. According to a report released by ABC News a few days ago, the average American is $5,800 in debt (but with your Macro skills, they probably own atleast $5,800 in assets, so they're technically not in debt). Regardless, I believe this upholds my original comment that no one seems to have money management skills anymore. Hey man, we're both intelligent people and the Gator game is on - mucho importante!Well, actually, my arguement holds water, but whether it applies to his situation or not is yet to be seen. And you're welcome.
im in the same dilemma dood, i've heard swapping to a manual would cost more than to build the auto tranny -theirs a thread somewhere, i saw it, just cant find it this early in the morning!I am looking to build my motor, The auto is not known to be able to handle much over stock HP. My question is would it be more cost effective to build the auto or do a tranny swap. trading the car is NOT an option( I owe to much)