Financing Survey
Hey all, I'd like to take a quick survey of the group. Basically, when you bought your Trailer/RV, did you finance? But, lets go a little deeper. Not just did you finance, but these questio...
Forum Discussion
wintersun wrote:
I see this with the people that spend $60,000 or more on a diesel truck and find that they owe the bank $40,000 3 years later when they want to sell it.
Well of course, welcome to modern america. Glad to have you here.
The fact is that the use of money as a form of wealth transfer has changed and will never go back. Our modern, interconnected financial world requires the use of interest bearing capital. The ability to use money that individuals don't have to fund purchases they want underpin modern business.
It's expensive to pay salaries day in a day out. The world of finance smoothes out our economy and allows people to stay employable. People with good jobs can achieve good credit and make payments which make for stable balance sheets.
Some people fail miserably, but the repo/loss prevention/collection agency industry has all that covered. EVERY company can withstand finance loss because there's a mountain of data that tells them how much to estimate in recovery costs. Plus lots of repo men would crack your noggin to keep up with quotas.
Sorry, I am ranting. But the fact is that EVERY ONE of us needs that idiot to buy the brand new F350 or Denali with more features that a yacht. It keeps me collecting a paycheck.
