Financing?

[RandyT]

Looking at adding a supercharger to my 12 SS

Question do any of them offer financing?

Thanks

[Trob85]

I don't want to tell you your business but that is for sure something I would not finance the risk factor is way to high I would save up and get it, would be cheaper in the long run. Also I don't think there is a company that would finance them unlike wheels the probability of damage is far greater with a boosted power adder.

[HOJO]

Visa or Master card will (Lol). But as mentioned, save up and do it. Don't go into debt building your car. If you do and it takes a shit you'll be so made. You'll still be mad because of the money your out but still having to pay for it when it's shot would suck more. My .02

[JusticePete]

PayPal has six months the same as cash, but you should consider the advice above.

[RandyT]

Thanks was just curious had other mods to do so may do those 1st

[EM1/SS]

If you look in the vendor section, I think a number of then do financing.

[Texas_RS]

Originally Posted by JusticePete

PayPal has six months the same as cash, but you should consider the advice above.

This, PayPal if you can pay off in 6 months before interest kicks in.

[pyroguy]

Originally Posted by Texas_RS

This, PayPal if you can pay off in 6 months before interest kicks in.

And if you don't pay it off before the 6 months they back charge you all of the interest you would have paid in the previous 6 months at a high interest rate.

Don't go into debt over mods. If you do and your car gets wrecked either by you or someone hitting you then you're still out the money for the mods without getting to use them because insurance rarely covers the cost of mods. If you can pull the parts ofd the car you'll be lucky because sometimes insurance companies or body shops don't let you demod.

[Magz_rule]

http://www.magnusonsuperchargers.com...les.asp?ID=255

[nosmr2]

Assuming you have a 401k, you can borrow against it and pay yourself back the interest.

I financed a pool that way years back. And a buddy bought my VW the same way.

[pyroguy]

Originally Posted by nosmr2

Assuming you have a 401k, you can borrow against it and pay yourself back the interest.

BAD IDEA!!^^^^^^ VERY BAD IDEA!!!!

Here's why:
1) The markets are going gangbusters right now. If you unplug your investment to "pay yourself" interest you're probably going to pay at most 6% interest and probably not even that. Leaving your investments plugged in you should be making well above that.
2) When you take you investment out, you are losing compound interest on the larger sum. Compound interest is an exponential explosion and pays much higher amounts when you have more in something. You will NEVER catch back up "paying yourself back with interest".
3) This is probably the scariest of then all. When you leave your job, either by finding another job, being let go, or dieing your loan is due in its entirely within 60 days. Otherwise it is considered an early withdrawal and you are then taxed at your current tax bracket PLUS 10% in penalty for early withdrawal which could be upwards of a 45% tax bill on the outstanding balance for middle class individuals. Now you may counter and say "I'm not leaving my job anytime soon" but death and sometimes layoffs or just being fired comes out of nowhere. That's the last time your family needs a financial crisis is during a life crisis just because you wanted to go faster quicker.

[Hard Parker]

I love these threads lol

[fldrummer]

I always made sure I used a CC with 0% interest and more than enough time to pay it off. 'Helps to have excellent credit. That said, I waited until the car was paid off to do the major mods.

[TheFlyingBananaSS]

I'm killing myself trying to decide on the Maggy or Edelbrock kit.


Any ideas on which is the more complete kit or which is the best for a daily driver?