Car Restoration Financing?

[Flash68]

Originally Posted by Z10ROD

UH NO you will have to pay as you go on labor too I don't think ANY shop is going to foot the bill on a complete build. they don't want your car they just want to build it.

I doubt that is what he meant.

Originally Posted by Tony_SS

This is a bit off the topic, but a buddy and I were talking.... he is firmly against any debt whatsoever... my argument was that, if rates are so crazy low, wouldnt it be wise to borrow money at 1.9%, and keep your cash liquid? He thought not. I disagreed: The cost of the loan is worth the price, if I can keep my cash, and even make money on what I have, and use the bank's 'cheap' money. I'm all about avoiding debt, but living by that absolute isnt always the wisest choice IMO. In this case though, it's a wise one. lol

Yes. Some people avoid debt at all costs, and it is not always the most strategic decision financially, but it makes them happy.

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?

More info in your first post on this forum would have been helpful.

[Bucketlist2012]

[QUOTE=Flash68;461053]



Yes. Some people avoid debt at all costs, and it is not always the most strategic decision financially, but it makes them happy.

Some debt is OK...I would always keep my Home Loan even though I could pay it off...I would rather Invest the Money and get double the return.

But only on a Home loan. That Debt sounds fine to me,especially at mid 3%..

[dmaxwell]

Originally Posted by Flash68

More info in your first post on this forum would have been helpful.

Such as?

[Flash68]

Originally Posted by dmaxwell

Such as?

Such as a sentence or two explaining your reasoning behind it. It would have prevented much of the 2 pages of responses telling you not to do it.

Not a case where less is more. More is more.

Oh, and welcome to the best forum on the internet.