Build put off..

[Tibbett]

I'm still going to be doing the build, but it's going to be moved to later next year instead of this winter/spring. I'm going to try to get the car completely paid off before I do it and instead I'll just be doing some minor things and possibly twincharge if they get one working with a stock motor and just head studs/gasket..

[vandy0419]

Yeah, if you're close to payinig it off, it wouldn't be a bad idea I think. I'd like to get all my credit cards paid off, then make double payments each month on my car...

[Tibbett]

By the same time I'd be slated to finish the build I could have the car paid off, then focus 2x on the build and actually get it done quicker and not be in debt.

[NoRemorse]

Originally Posted by Tibbett

I'm still going to be doing the build, but it's going to be moved to later next year instead of this winter/spring. I'm going to try to get the car completely paid off before I do it and instead I'll just be doing some minor things and possibly twincharge if they get one working with a stock motor and just head studs/gasket..

Same time frame here. Save money during winter, and soon as spring/summer comes around, the car will be haulin ass.

[TheWastedYears]

Did anyone else notice that he used "minor things" and "twincharge" in the same sentence?

[Sp00ner]

Originally Posted by TheWastedYears

Did anyone else notice that he used "minor things" and "twincharge" in the same sentence?

Yup, that's Tib....

[handyjoe]

Pansy...always putting things off...

[Tibbett]

Originally Posted by handyjoe

Pansy...always putting things off...

I'll put stuff off and still be faster than you

[bc3tech]

Originally Posted by vandy0419

Yeah, if you're close to payinig it off, it wouldn't be a bad idea I think. I'd like to get all my credit cards paid off, then make double payments each month on my car...

Bad idea. here's why:

car depreciates every day, no matter if you drive it or not. throwing more money into a depreciating item is not financially sound. better to take the extra money and put it away in a savings account and let interest accrue, then when you have enough money in there (with interest capitalized on it) to do so, pay off the entire car in a lump sum.
This was the advice given to me by a banker.

[Tibbett]

Originally Posted by bc3tech

Bad idea. here's why:

car depreciates every day, no matter if you drive it or not. throwing more money into a depreciating item is not financially sound. better to take the extra money and put it away in a savings account and let interest accrue, then when you have enough money in there (with interest capitalized on it) to do so, pay off the entire car in a lump sum.
This was the advice given to me by a banker.

+1..I'm looking at paying off everything at once so I won't owe on it anymore, then throwing my money into the engine and having fun