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Old 04-25-2003, 08:39 PM   #43 (permalink)
bermuDa
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Location: CA
normally I'd never advocate going into debt, but when buying a car, I don't think it'd be a bad idea to go ahead and take out a loan on it.

It'd be a more gradual drainto your bank account, and as long as your income is decent you should be able to maintain your balance. Paying off a car looks pretty damn good on a credit report... so however you do it, just be sure you can afford it beforehand... i know several young people who are deep in debt cause they stretched themselves beyond their means early in the game.
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