Should I pull the trigger?
07-05-2005, 09:28 AM
#1
Should I pull the trigger?
http://www.wheelsnext.com/product.ph...&inum=&large=1
My car is begging me for rims, I ordered my springs yesterday, but I would have to put the rims on the credit card. Part of me says "get 'em it's summer!" then part of me says don't run up the credit card wait until you have cash. I want em now!!!! What would you do?
My car is begging me for rims, I ordered my springs yesterday, but I would have to put the rims on the credit card. Part of me says "get 'em it's summer!" then part of me says don't run up the credit card wait until you have cash. I want em now!!!! What would you do?
07-05-2005, 02:18 PM
#9
if i was you, i would save the money first, and then buy them. If you use your card and not pay it off soon enough, you will be charged for interest and after you pay it off, its like you paid way more for your wheels than you really did.
Save up and buy, that is the best thing to do.
Save up and buy, that is the best thing to do.
07-05-2005, 03:34 PM
#12
Originally Posted by 2 Da Max
thats the purpose of a credit card, to get things you want now that you cant afford now. you buy it now and pay it later. im hoping you have a low int. rate though
May be better if you add "you buy it now and if you know you can, pay it later"but $1400 each???
not sure you want to drop that much on credit.the credit I'm paying off later is 0% until April. otherwise i wouldn'f of bought the stuff. only interest i pay is 1.9% on my car.
07-05-2005, 03:46 PM
#13
no no no, it's $1400 for the set with tires and shipping included. A pretty good price so I wanna jump on it now. I know I can pay it back that's not a problem. I'm goin for it! Got s-techs in the mail too. Pics soon to follow!
07-05-2005, 04:27 PM
#14
Senior Member
Join Date: Nov 2000
Posts: 3,883
Imho the purpose of a credit card is convenience and float. Now there is a new element, say for every $1000 you charge you get a $50 ExxonMobil or Shell gas card, i.e. 5%.
Example, you have the money for these rims, but it's sitting in your internet savings acct. earning 3.25% (peanuts but hey, better than losing 10% on the stock market). Your statement closes on July 6, and your payment due date is July 26.
You charge the rims on July 7, and the payment is not due until August 26 because it missed the statement cut-off. You take the money out of the internet bank on August 20th or so, pay the CC. That's how I think it should be done.
Example, you have the money for these rims, but it's sitting in your internet savings acct. earning 3.25% (peanuts but hey, better than losing 10% on the stock market). Your statement closes on July 6, and your payment due date is July 26.
You charge the rims on July 7, and the payment is not due until August 26 because it missed the statement cut-off. You take the money out of the internet bank on August 20th or so, pay the CC. That's how I think it should be done.
07-05-2005, 05:37 PM
#16
Newbie just Registered
Join Date: May 2005
Location: LA/OC, CA
Posts: 2,795
Originally Posted by max929
Just remember, the more u spend, the higher u'r credit rating goes as long as u don't miss a payment.
Originally Posted by chenzarino
I'm sittin on steelies right now and they look like shat. I'm going for it!!!!
Besides I'm parting out a bike on e-bay that will cover the cost.
Besides I'm parting out a bike on e-bay that will cover the cost.
07-05-2005, 06:05 PM
#17
you live once..........you can't turn back time.
29 more years till i'm debt free, my kids will move out and my wife will send me to a nursing home....spend and enjoy it while you are young/ if not.....your wife will do it for you in the future.
sorry to be so negative, i 'm so lucky to have an awsome wife....
29 more years till i'm debt free, my kids will move out and my wife will send me to a nursing home....spend and enjoy it while you are young/ if not.....your wife will do it for you in the future.
sorry to be so negative, i 'm so lucky to have an awsome wife....
07-05-2005, 09:06 PM
#19
Supporting Maxima.org Member
iTrader: (17)
Join Date: Aug 2004
Location: Montreal, Qc, Canada
Posts: 5,437
I try not to use my credit card and use the money in the bank instead. It's like a hot chick begging you to f*ck her when you already have a girlfriend. It's like choosing between Betty and Veronica. You get the deal...
07-06-2005, 07:06 AM
#20
Senior Member
Join Date: May 2004
Posts: 6,190
Originally Posted by Frank Fontaine
Imho the purpose of a credit card is convenience and float. Now there is a new element, say for every $1000 you charge you get a $50 ExxonMobil or Shell gas card, i.e. 5%.
Example, you have the money for these rims, but it's sitting in your internet savings acct. earning 3.25% (peanuts but hey, better than losing 10% on the stock market). Your statement closes on July 6, and your payment due date is July 26.
You charge the rims on July 7, and the payment is not due until August 26 because it missed the statement cut-off. You take the money out of the internet bank on August 20th or so, pay the CC. That's how I think it should be done.
Example, you have the money for these rims, but it's sitting in your internet savings acct. earning 3.25% (peanuts but hey, better than losing 10% on the stock market). Your statement closes on July 6, and your payment due date is July 26.
You charge the rims on July 7, and the payment is not due until August 26 because it missed the statement cut-off. You take the money out of the internet bank on August 20th or so, pay the CC. That's how I think it should be done.
A good lesson to learn is to distinguish between "want" and "need". Sell the bike first and then assess your financial situation. This type of spending behaviour becomes a fact pattern over time.
07-06-2005, 07:34 AM
#21
My credit is stellar, my rating is over 700. The interest on my card is like 9.5%. I would have the balance paid off within 2 months easily. I still like 1HOTMAX's response, he sounds like my recently married brother in law.
07-06-2005, 08:02 AM
#22
Senior Member
Join Date: May 2004
Posts: 6,190
Originally Posted by chenzarino
My credit is stellar, my rating is over 700. The interest on my card is like 9.5%. I would have the balance paid off within 2 months easily. I still like 1HOTMAX's response, he sounds like my recently married brother in law.
I don't know what the purpose of this thread was in the first place, given you already had your mind made up before you posted it and any amount of good advice or logic would fall on deaf ears anyways. Enough already!
Are you going to post and tell us what your next significiant expenditure is that you will have to finance by credit card? If so, don't bother!
07-06-2005, 10:56 AM
#24
Newbie just Registered
Join Date: May 2005
Location: LA/OC, CA
Posts: 2,795
Originally Posted by chenzarino
... I still like 1HOTMAX's response, he sounds like my recently married brother in law.
07-06-2005, 03:24 PM
#28
07-06-2005, 03:48 PM
#29
Originally Posted by tbird2340
Why does it say $1400 each if it's for 4 of them with tires??
As far as you only live once... Ah yea.. But when you get married, need to buy a ring, need to buy a house, have kids, etc... YOU BE SCREWED!
As far as you only live once... Ah yea.. But when you get married, need to buy a ring, need to buy a house, have kids, etc... YOU BE SCREWED!
07-06-2005, 05:41 PM
#31
Senior Member
Join Date: Nov 2000
Posts: 3,883
Originally Posted by rmurdoch
Will the next lesson be on how to kite credit cards and bank accounts? If you can't afford to make the expenditure, forego it until you can. For all you know, FF, his interest rate on the credit card could be 21% and that interest compounds itself if the credit card balance is not paid in full by the due date.
A good lesson to learn is to distinguish between "want" and "need". Sell the bike first and then assess your financial situation. This type of spending behaviour becomes a fact pattern over time.
A good lesson to learn is to distinguish between "want" and "need". Sell the bike first and then assess your financial situation. This type of spending behaviour becomes a fact pattern over time.
07-06-2005, 05:58 PM
#32
Originally Posted by chenzarino
damn all of your sensible responses!!!! I wanna hear screw it you can pay it back later get em!
07-06-2005, 07:02 PM
#33
Senior Member
Join Date: May 2004
Posts: 6,190
Originally Posted by Frank Fontaine
Definitely a staff acct., not a comptroller or treasurer, for any good co. that is. Doom and gloom baby!
When I grow up I want to be just like you, Frank Fontaine! Then I can become a legend in my own mind, lol!
07-06-2005, 07:38 PM
#34
Just a note for reference,
Credit card companies have traps that can drag u in if u owe too much. Things like universal default, late charges, and default interest rates. So what ever u spend, make sure that if they try anything funny (like jacking up your interest rate from 9.5% to 24% because of a late payment in 1998-i.e. universal default) u can pay off the principal some how and stick that card up their.........Just some advise from someone taking a ethics course in pre-law.
Credit card companies have traps that can drag u in if u owe too much. Things like universal default, late charges, and default interest rates. So what ever u spend, make sure that if they try anything funny (like jacking up your interest rate from 9.5% to 24% because of a late payment in 1998-i.e. universal default) u can pay off the principal some how and stick that card up their.........Just some advise from someone taking a ethics course in pre-law.
07-07-2005, 05:03 PM
#35
Well, the bike parts are going like hotcakes on e-bay, so ii'll wait a week and pay cash for em.
By the way, can anyone link the post listing what OEM parts are needed for a full suspension swap? thanks
By the way, can anyone link the post listing what OEM parts are needed for a full suspension swap? thanks
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