Quote:
Originally Posted by first69
No offense taken, I basically just meant that I have an excellent credit score, always made payments on time, never written anything off, not paid someone I owe, etc, etc. My only current debt is my house, my truck and my wives car, all of which are what I would call reasonable amounts for those things. We don't live above our means. I fund my project now as I can with side job money but it's a very slow process. I have always put my family, kids and so on first and always will, but there comes a time when you start to think if you will ever have "your time" and be able to do something you've always dreamed of.
|
Not sure if the credit score is even relevant. I owned my 67 Camaro at age 18, but it was in 1983. I was able to do upgrades to my car, but it was based on my budget. Minimum wage at that time.
One of my friend's dad has several cars, but his family is like the brady bunch. (6 Kids). He worked at Delco Products as a janitor, but he has been painting cars since 1955. His wife never worked, but he made money on the side painting cars. He always owned around 5 to 6 old cars. He do the swap meets and always been looking around for parts. There is some old junk yards that have parts, but it is rare now. I have another friend that filed bankruptcy, but he still kept his 1969 Camaro. He has a daughter as well. His job was moving furniture at the time. He put his daughter through private school, and paid for her college as well. He is still in the furniture moving business, but he is a dispatcher now. He drove semi's for years, but just changed to the dispatcher job. His 1969 Camaro runs in the Xtreme Outlaw Series. Actually, it is former SS 396 car. He pays for his parts in cash same as me.
I worked on my 67 Camaro for 6 years on the restoration. The only problem is that I change my mind on my car, so I do upgrades along the way. Pro-touring has different levels, so you can cut corners in order to save money. I had to buy a new truck this year, but drove my old one for 14 years. I do use a CC, but I always pay it off each month. I have been doing since I was 21. I had friends that would just use the CC for their builds, but all seemed to go bankrupt. Short term loans is high interest, so it is better to pay cash. If you can't afford it, then just save up for it. Simple!
Jeff