Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
PSA
Member Login

Posted: 12/18/2009 12:11:51 PM EDT
So i just sold my jetski today for 5000 with trailer, and i  owe 8400 on loan still, the reason it sold for so low is due to a lot of paint damages from a storm blowing it into a dock. Anyways, should i put all the 5000 in the loan right away or just keep the 5000 and pay monthly? Would puting in the whole 5000 in help reduce the interest payment in the long run? Its actually not a loan, its Yamaha credit card.
Link Posted: 12/18/2009 12:17:31 PM EDT
If you are paying interest I would pay all 5000 towards it.

Its going to really suck making payments on the rest of the loan when you cant even ride it.
Link Posted: 12/18/2009 12:18:12 PM EDT
pay all-
Link Posted: 12/18/2009 12:19:16 PM EDT
I'd just pay all and be done with it, less to worry about.

What model of PWC was it?
Link Posted: 12/18/2009 12:20:45 PM EDT
Unless you have a no interest plan, how would not paying as much as soon as you can cost you less?
Link Posted: 12/18/2009 12:22:34 PM EDT
Originally Posted By Husky79:
So i just sold my jetski today for 5000 with trailer, and i  owe 8400 on loan still, the reason it sold for so low is due to a lot of paint damages from a storm blowing it into a dock. Anyways, should i put all the 5000 in the loan right away or just keep the 5000 and pay monthly? Would puting in the whole 5000 in help reduce the interest payment in the long run? Its actually not a loan, its Yamaha credit card.


Pay it.  CC companies are jacking interest rates at the drop of a hat.
Link Posted: 12/18/2009 12:26:18 PM EDT
Pay it off!!!!!!!!!!!!!!!!!!!!!!!!
Link Posted: 12/18/2009 12:28:44 PM EDT
[Last Edit: 12/18/2009 12:28:57 PM EDT by delemorte]
how do you have a loan for a item and sell it. Doesnt the lean holder technicly still own the PWC? If it was damaged didnt  insurance pay for it?
Link Posted: 12/18/2009 12:34:00 PM EDT
Originally Posted By delemorte:
how do you have a loan for a item and sell it. Doesnt the lean holder technicly still own the PWC? If it was damaged didnt  insurance pay for it?


He said it wasn't a loan for the PWC.
Link Posted: 12/18/2009 12:34:05 PM EDT
Hookers and Blow?
Link Posted: 12/18/2009 12:36:29 PM EDT
I agree if you are paying interest then I would put all of it on the loan.
Link Posted: 12/18/2009 12:40:46 PM EDT
Link Posted: 12/18/2009 12:43:26 PM EDT
Unless it is a 0% card put it on the card.
Link Posted: 12/18/2009 12:43:45 PM EDT
Don't be a pussy.  




Buy a cheap SMG like this FA MAC10:








It's only $4,795 + $200 Form 4 + transfer.
Link Posted: 12/18/2009 12:47:00 PM EDT



Originally Posted By TerribleTom:


Don't be a pussy.  




Buy a cheap SMG like this FA MAC10:



http://www.autoweapons.com/photos09/sep/2907m11a.jpg



It's only $4,795 + $200 Form 4 + transfer.


$4795 for a Mac?




That's about $1795 too high. IIRC. Just sayin'.  

Tom if you're in the market for one of those, keep lookin'.





 
Link Posted: 12/18/2009 2:05:48 PM EDT
Yeah i agree i am going to pay it all into the account. The reason why I still owe so much is that i got laid off last year and was 2 days late on the account and it as 0% interest, then the  interest rate went up so high after being 2 days late, Its been real a hard time to pay it a monthly at the lowest amount I can and be able to afford to pay other bills and live. I'm so happy its gone, I just got back from finalizing the deal. It was a 06 Yamaha GP1300R with 41 hours on it and 2007 shorelander trailer.

Now with my new job starting January 1st i should be able to pay the rest of 3,400 off all by march no problem. Then start saving another 3500 for the AR50 whoo! :)
Link Posted: 12/18/2009 2:47:10 PM EDT
GP1300R! Last of the two stroke triples! Awesome machine, sucks you had to get rid of it.
Top Top