I am a madman!

[blahblah99]

Took $14,000 from my credit card company and deposited in my bank. They offered 1.7% till end of february and then its whatever my interest rate is after feb. Gonna spend all 14k of that by the time this week ends. What do I get out of that?

A 1997 Nissan 240SX
SILVER MOSS color
68,000 miles
SE model
powered moonroor
power everything
cloth interior
Anti-Lock brakes
Limited slip differential
showroom quality
factory sideskirts

the only option this car didn't have is the leather interior and the front lip, which I don't really care too much about!

Man, I can't wait till this weekend!

 

[Yossarian]

What will your interest rate be regularly? If you don't pay it off before Feb it doesn't sound like a very good deal.

Nice car tho

 

[Viper GTS]

I hope your long term rate is lower than you could have financed it for...

Viper GTS

 

[blahblah99]

Its like 12% or 14% or something like that, but it doesn't matter since I'll be paying off at least 9k by the time february comes around. Even with a 15% interest rate with 5,000 balance, I'll still end up paying a lot less interest than what I would if I took out a $14k car loan. Besides, I'll be paying about $1400-$1800 a month towards that balance.

 

[amnesiac]

yeah usually it's 19% or more on cash advances. Be careful.

 

[blahblah99]

I called up my credit card bank and already went over the terms - 1.7% until end of february, then its back to regular interest rate with the remaining balance.