Quote:
Originally Posted by dmaxwell
Nope.
This. I didn't say I needed to finance a build, I was curious if such a service existed and, if it did, how cheap the money was. If I can barrow at a low enough rate, why would I tie up $100k+ in liquid capital if I have an alternative?
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Not being mean, but some people have to learn from experience. DMaxwell, go ahead and procure a loan for whatever amount you feel you need. Let's say $100k for a decent car with all the bells and whistles. While building the car, see if you can stick to that budget, hope you can see the project all the way thru til the end. If so, you now owe the back, with interest, roughly $120k. You get tired of the car and want to sell it. The best offer you've gotten was for $70k because you built the car for you and the market is still bad. Now you still owe the bank $50k. All we are saying is it isn't a wise choice to borrow for a build. Do whatever you feel is right and makes you happy. Good luck.
