Buying a Kia tommorrow

[RossMAN]

Originally posted by: d33pt
why do you need to build credit buying a kia when you have a $70k car and a cool million in the bank? (per your boasts to tscenter)

I'd like to know this also. I'm sure he has a legit explanation ...

If I had a cool million in the bank I wouldn't be buying a Kia POS or need to build credit, all you need to do is take out a $25,000 CD then take out a secured loan for $25,000 using the CD as collateral and use the loan proceeds to buy a better car for $25k.

 

[d33pt]

Originally posted by: RossMAN

Originally posted by: d33pt
why do you need to build credit buying a kia when you have a $70k car and a cool million in the bank? (per your boasts to tscenter)

I'd like to know this also. I'm sure he has a legit explanation ...

If I had a cool million in the bank I wouldn't be buying a Kia POS or need to build credit, all you need to do is take out a $25,000 CD then take out a secured loan for $25,000 using the CD as collateral and use the loan proceeds to buy a better car for $25k.

exactly.. probably because the million doesn't exist.. or the kid has no idea how to spend his money... but we better quit talking because he's gonna go crazy and post all these phone numbers for me to call...

 

[Mill]

Originally posted by: RossMAN

Originally posted by: d33pt
why do you need to build credit buying a kia when you have a $70k car and a cool million in the bank? (per your boasts to tscenter)

I'd like to know this also. I'm sure he has a legit explanation ...

If I had a cool million in the bank I wouldn't be buying a Kia POS or need to build credit, all you need to do is take out a $25,000 CD then take out a secured loan for $25,000 using the CD as collateral and use the loan proceeds to buy a better car for $25k.

Considering you are a banking officer you know what a trust is correct? There is your answer.

 

[StageLeft]

Hey, I didn't know you had a million in the bank millenium :Q

That's a good idea by the way. I'd probably do the same in your boots. You want the cheapest damn thing with a warranty just to get you from A to B as cheap as possible. Payments on a Kia are insanely low and aslong as the company doesn't go bankrupt the warranties kick. It will be hard going from a fast mustang to that but it's probably a good move!