Chevrolet Corvette Stingray C7 Forum - View Single Post - Americans increasingly going upside down on auto loans

Scotsman · 01-02-2008, 12:39 AM

^ Right on point DG.

I refuse to carry any residual debt of my current auto loan to one I'd use for my 5thgen. I'd cringe just that much more looking at my new Camaro everytime I'm walking to get in it, and I don't want that. Once my current car is paid OFF and I've saved 10k or more for my d.p. I'm good to go. Just have to wait for another 5.5 years or less to get there. A small and far better compromise to make compared to the alternative. There's absolutely nothing wrong with delayed gratification, a concept that seems all but long forgotten in todays society.

01-02-2008, 12:39 AM	#8
Scotsman Auto Pilot Drives: Gunmetal Join Date: Feb 2007 Location: L.A. Posts: 1,307	^ Right on point DG. I refuse to carry any residual debt of my current auto loan to one I'd use for my 5thgen. I'd cringe just that much more looking at my new Camaro everytime I'm walking to get in it, and I don't want that. Once my current car is paid OFF and I've saved 10k or more for my d.p. I'm good to go. Just have to wait for another 5.5 years or less to get there. A small and far better compromise to make compared to the alternative. There's absolutely nothing wrong with delayed gratification, a concept that seems all but long forgotten in todays society. __________________ "Let the rest of the world dream of Ferraris, Lamborghinis and dinky little British two-seaters. In this country speed doesn't look like that." Got SS?