few finance questions
#11
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you sure getting a boat loan while still in college is smart, plus the money for upkeep, gas etc. Anyways im sure a boat like that cant be more than about 20, and if it was I wouldnt pay more than 20 for a boat like that. Either way if you put 50% down that leaves you with like 10k or less. Try a personal loan or even cash advance on a credit card. Credit cards are a bad idea but if your smart you can get 0% for a year and sometimes a lot of them only bump up to 7% or so. Even so if you pay on that credit card like a regular loan, say if you borrowed 10 and after a year had 7-8 left to even have 15% on 7 grand is not that bad.
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you sure getting a boat loan while still in college is smart, plus the money for upkeep, gas etc. Anyways im sure a boat like that cant be more than about 20, and if it was I wouldnt pay more than 20 for a boat like that. Either way if you put 50% down that leaves you with like 10k or less. Try a personal loan or even cash advance on a credit card. Credit cards are a bad idea but if your smart you can get 0% for a year and sometimes a lot of them only bump up to 7% or so. Even so if you pay on that credit card like a regular loan, say if you borrowed 10 and after a year had 7-8 left to even have 15% on 7 grand is not that bad.
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Just be careful, I made pretty good decisions but I am really seeing now the choices made when you are in your young 20's really will affect you for the rest of your life.
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I dont want to persuade you out of it, but after being your age and Im 29 now. I would try to leave college with the least debt possible, you still dont know your job situattion etc. Problem with a boat is going to be everything else not necessarily the loan. If I were in college if I found some 5k boat thats about it.
Just be careful, I made pretty good decisions but I am really seeing now the choices made when you are in your young 20's really will affect you for the rest of your life.
Just be careful, I made pretty good decisions but I am really seeing now the choices made when you are in your young 20's really will affect you for the rest of your life.
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Mitch,
I'm in a similar situation as you, but I have a bit more student loan debt. I graduated this year and have a well-paying job. I made a plan to make a move on a 27' Carrera by next summer, but like others said here it really takes patience. Putting as much down as possible is probably the best route and trying to get a loan from your parents is not a bad idea. I would say if you are confident in your career, go for it. A couple of people I know bought a new car when they graduated, which to me is basically the same thing as this.
-AK
I'm in a similar situation as you, but I have a bit more student loan debt. I graduated this year and have a well-paying job. I made a plan to make a move on a 27' Carrera by next summer, but like others said here it really takes patience. Putting as much down as possible is probably the best route and trying to get a loan from your parents is not a bad idea. I would say if you are confident in your career, go for it. A couple of people I know bought a new car when they graduated, which to me is basically the same thing as this.
-AK
#17
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Mitch,
I'm in a similar situation as you, but I have a bit more student loan debt. I graduated this year and have a well-paying job. I made a plan to make a move on a 27' Carrera by next summer, but like others said here it really takes patience. Putting as much down as possible is probably the best route and trying to get a loan from your parents is not a bad idea. I would say if you are confident in your career, go for it. A couple of people I know bought a new car when they graduated, which to me is basically the same thing as this.
-AK
I'm in a similar situation as you, but I have a bit more student loan debt. I graduated this year and have a well-paying job. I made a plan to make a move on a 27' Carrera by next summer, but like others said here it really takes patience. Putting as much down as possible is probably the best route and trying to get a loan from your parents is not a bad idea. I would say if you are confident in your career, go for it. A couple of people I know bought a new car when they graduated, which to me is basically the same thing as this.
-AK
#18
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Mitch,
I'm in a similar situation as you, but I have a bit more student loan debt. I graduated this year and have a well-paying job. I made a plan to make a move on a 27' Carrera by next summer, but like others said here it really takes patience. Putting as much down as possible is probably the best route and trying to get a loan from your parents is not a bad idea. I would say if you are confident in your career, go for it. A couple of people I know bought a new car when they graduated, which to me is basically the same thing as this.
-AK
I'm in a similar situation as you, but I have a bit more student loan debt. I graduated this year and have a well-paying job. I made a plan to make a move on a 27' Carrera by next summer, but like others said here it really takes patience. Putting as much down as possible is probably the best route and trying to get a loan from your parents is not a bad idea. I would say if you are confident in your career, go for it. A couple of people I know bought a new car when they graduated, which to me is basically the same thing as this.
-AK