Quote:
Originally Posted by Chuck33079
This. Get your dad paid back, get your mustang paid down to where you have significant equity built up, and then buy something else. With a huge down payment.
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With today's low interest rates (although he is so young he might not qualify), no money down is a great option. I'll pay that 1.49-1.99% all day long on a car note so I can invest the cash at 10%+ (32% in 2013).
Debt is not scary or a bad thing. Success is determined in how you leverage it.