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**Grandpa** · 02-21-2014, 04:18 PM

People who don't pay off their cards every month are crazy in my opinion. Credit cards are not for living off of unless its an absolute emergency.

It's crazy to me how many people just spend like crazy on their cards like it's money they already have and just keep spending. As it is, you get taxed when you make your money, then you get taxed again when you spend it. Then to add to that they compound interest to the equation. You end up for working for a fraction of your money!

**1andonlywhitie** · 02-21-2014, 04:29 PM

Originally Posted by SlowGreyGT

People who don't pay off their cards every month are crazy in my opinion. Credit cards are not for living off of unless its an absolute emergency.

I had to live on mine for about a month when I was between jobs (long story, wasn't paid at old job, new job hadn't ogt my paperwork done) and I'm still trying to whittle that shit back down. I'll be glad to get that stuff paid off... prior to that all I used it for was gas and groceries and pay it off every month to help show credit skilllzzzz...

**Dominic Toretto** · 02-21-2014, 04:37 PM

I don't have a credit card. Just debit from my credit union. Sometimes I think I should get a credit card to help build credit though.

-Alex

**pohnjarker** · 02-21-2014, 04:39 PM

Originally Posted by DirtyD

But on that note, when you say no CC debt, you mean that you are paying every statement in full every time that card is due, right? Or you pay cash for everything?

we only use our checking account...cc is for emergencies/overdraft protection only.

**STROKD** · 02-21-2014, 04:55 PM

Lol, we will just say if I had no credit debt, Id have a Ford GT in the garage and a nice ass daily car. boooo

**46Tbird** · 02-21-2014, 05:27 PM

Originally Posted by DirtyD

But on that note, when you say no CC debt, you mean that you are paying every statement in full every time that card is due, right? Or you pay cash for everything?

I pay my $750 limit CC off twice every month.

I didn't have a credit card from the time I was 23 to 35. I "built" a Fox body hatch with a CC when I was 21. It was then stolen and it took me nearly five years to pay it off. Stupid.

I cancelled every card I had, then drove a '99 Ranger for ten years/215k miles. I don't have any financial issues now, lol. The only recurring debt I have is my house (4.3%) and my Mustang (0.9%) which are both halfway paid off.

**Dominic Toretto** · 02-21-2014, 05:54 PM

Originally Posted by STROKD

Lol, we will just say if I had no credit debt, Id have a Ford GT in the garage and a nice ass daily car. boooo

Just buy the FGT on credit.

-Alex

**DirtyD** · 02-21-2014, 07:50 PM

I have 2 cards, only because discover isn't accepted everywhere. I typically try to keep each statement under or around $500, which is doable. I'm just trying to get myself more under control on spending.

**NAVAG** · 02-22-2014, 12:47 AM

All I want out of a DD is MPG. Only mods will be XM Radio. I bonus in two weeks and I'm planning on dropping 2 or 3 grand on a beater that will last a year or two.

I HATE that I've only had my 5.0 for a year and put 40K miles on it already.
I HATE the swirls in the paint and the two tiny rock chips from all the driving.

If it means keeping my mustang looking good and and running good then I'll drive the gayest POS out there to work and back. Money I save in fuel can go toward more go fast parts.

re-rx7 · 02-22-2014, 11:24 AM

Fuck buying a new car for a daily. Id buy a mid 90's honda and call it a day.

**5PointSlow** · 02-22-2014, 11:47 AM

Originally Posted by DirtyD

I think he means a VW CC, not a credit card. lol

But on that note, when you say no CC debt, you mean that you are paying every statement in full every time that card is due, right? Or you pay cash for everything?

I pay off the cards when/if I do use them. I use my cards for big purchases and to track what's bought ( insurance purposes due to the Moore tornado last year) other than that I just pay cash.

**STROKD** · 02-22-2014, 02:29 PM

Originally Posted by Dominic Toretto

Just buy the FGT on credit.

-Alex

Thatd be about 10k a month in payments... little steep lol

**G-Mann** · 02-22-2014, 04:53 PM

Originally Posted by re-rx7

Fuck buying a new car for a daily. Id buy a mid 90's honda and call it a day.

That was my original plan before I started taking some test drives and just never came across anything that I wanted to drive on a daily basis or any basis for that matter so I started looking near new and eventually cop'd a great deal on a new civic. Its no acura, lexus, or 5.0 but I do not mind driving it on a daily basis, and it has a laundry list of amenities and safety features over its older counter part and in a occasional case over my stang. It will be paid off in a few years and not start off or be a POS when its paid in full. I love my mustang but it will get replaced, perhaps with another mustang, the civic I plan on rolling 200k on.

Regarding credit card debt, if you have significant debt, it might not be a bad idea to look into a low interest rate personal loan to pay off the higher rate debt.

**03MachMe** · 02-22-2014, 07:17 PM

Originally Posted by Dominic Toretto

I've been around a number of cars that fall into the small, practical, DD category. There's no way I would ever pick a domestic of a Honda or Toyota. Those cars LAST and also(if anyone cars) have reasonable resale value.

Ah gotcha. Was just cruious. This is the first time I've seen someone look at 0-60 times for a DD ROFL. Just get a used ZO6 then.

-Alex

Yea ask Nic how long his Honda lasted...... A new Ford will last just as long as a new Honda

**NAVAG** · 02-22-2014, 11:06 PM

The rice burners are way overpriced IMO. I'm finding way too many Civics, Corollas, Altimas, etc with 250+ miles on them going for more than $5K...Some even closer to 10. There is a high demand for DD that get good MPG so the sales market has been exploiting that for a couple of years. 36-40+ MPG is great but a car that gets >31 is good enough for me. The only reason I wouldn't buy a car that already has 200K miles on it is the fact that I plan on putting at least another 100K more within the next three years. And when you think about it, that Civic with 200,000 miles on it sitting out there was probably some other guys DD that probably crappped out on him so he traded it for another one. Now here it sits, fresh from auction, waiting for the next sucker.

If you want a good beater/work commuter car do some research and find some good cars that are not only reliable but get better than average highway miles.

Neon, Stratus, Cavalier, to name a few. I found a Cavalier with 85K miles on it that they are selling for $3K. If it is still on the lot next Friday I'll try to Jew them down to $2500. Sitting a few cars over is a beat up Civic with 186k miles on it that they want $7K for. I found another Cavalier with 135K miles on it that someone is asking $2K.

The only good thing about Honda's is that they are easy to work on and if you blow your 200,000+ mile engine you can get an replacement in the junk yard for a couple hundred bucks. If you get a Honda don't hesitate to replace the head gasket because that will probably be the first thing to go...

I'm looking at it as spending three grand on another mod for my 5.0...My DD Mod.