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Old Jul 19, 2008 | 12:10 AM
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Default Mod Loans?

Ok first off mods, i know this is in the wrong section but i figured id get way more views here.

It was posted on here a while ago but ive been searching with no luck.

There was a loan companys website that someone gave a link for.
they specialized in providing loans just for people who were looking to buy aftermarket parts for their cars.

anyone know the name or websites of any of those companys?
anybody use one of them before?

because id actually rather just get a big lump sum of money from a loan and get everything done at once then have monthly payments, VS. saving up and buying everything one parts at a time.

Thanks!
Old Jul 19, 2008 | 12:14 AM
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I would never, and I mean never, take out a loan to dump money into an ever depreciating object.
Old Jul 19, 2008 | 12:18 AM
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well your not me.
and i would.
Old Jul 19, 2008 | 12:21 AM
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I agree with Jon. BAD, BAD decision to borrow for mods. Frankly a house is the only thing you should borrow money on. Getting harder every day to pay cash for a car so you do what you must, but mods, no way.
Old Jul 19, 2008 | 12:23 AM
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Don't get snippy. I'm just giving advice, as in trying to help. Maybe if you think about it from this perspective: You buy all these parts, install them, then total the car. Insurance won't reimburse you for the mods so what are you stuck with?
Old Jul 19, 2008 | 12:24 AM
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You'll never get back what you put into it.. so why would you want to pay interest on it?
Old Jul 19, 2008 | 12:28 AM
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alright Jon, ive thought about that already, which is why the car will be insured for double whats its worth.

and ack im not tryin to get back what i put into it. im not looking to make an investment.
Old Jul 19, 2008 | 12:32 AM
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save your money!
Old Jul 19, 2008 | 12:46 AM
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Originally Posted by Jon
I would never, and I mean never, take out a loan to dump money into an ever depreciating object.
I couldn't have said it better...well done Jon
Old Jul 19, 2008 | 12:51 AM
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This might be the one you're thinking of:
http://www.enhanceloans.com/

Was in the sig of trdsparks.
Old Jul 19, 2008 | 12:53 AM
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thats the one!
thanks you very much sir.

now just gotta do some research and crunch some numbers.
trust me guys im not going into this blindly.
ive been thinkign it over for a while and will continue to do so before i make my decision.
Old Jul 19, 2008 | 12:55 AM
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you got your priorities out of wack bro, having mods on your car is cool and all, but not to put yourself in debt, or to owe money.

if you dont have the money for something, you probably dont need it.
Old Jul 19, 2008 | 12:55 AM
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i would listen to them its a bad idea to get loans for after market parts and all that jazz i mean it sounds good in the begging but in the end the interest will be super high and i mean it would be no fun if you mod it all at once your car would be done and then you would probably get really board of it but that how i see it think about it look at all those turbos for sale on the pvp i bet a lot of them are duh to the cc bill they have or cuz gas is to high to put premium
Old Jul 19, 2008 | 12:59 AM
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Originally Posted by yellowxhoodie
thats the one!
thanks you very much sir.

now just gotta do some research and crunch some numbers.
trust me guys im not going into this blindly.
ive been thinkign it over for a while and will continue to do so before i make my decision.
Dude...

I said the very same thing to my parents before I left for college in 1987.

I filed for bankruptcy in 1992.

I haven't financed anything since......not that they'd LET me.
Old Jul 19, 2008 | 01:02 AM
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haha.
well its not 1987 anymore.
and its not like id be taking out $25,000
im just looking for a lil, and itd be paid back relativly fast (prob about a couple months), and whoever said interest would be high...i wouldnt take the loan out if the interest was that high. lol

but obviously theres no arguing with you guys so i give up, i got the site i was looking for. (thank you ack)
you may now move or lock or leave this thread.
Old Jul 19, 2008 | 01:06 AM
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I think locking is a good idea. You got the link you wanted and as many of us disagree with the idea, we're not you. Good luck.
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