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AR15.COM
12/27/2008 7:43:49 PM EDT
I bought an 08 polaris ranger 700efi 4x4.... it's sick! I put a 4k down payment so I still owe 6500. payments are 145/month 60 months 9.9%. I just got the rig 2 months ago and last month was my first payment. I didn't put all i could have into the DP cause I thought I would mod it but have decided not to. Currently I have around 2k cash and I'm considering making a 1500 dollar payment towards the principal.

However, In 3 years I will graduate from college so I could just live cheap for a year and pay it off once I get a decent job. Basically just do the 150 payment for 3 yrs then pay it off pronto. This route would allow me to continue my gun buying.

What says the hive? Now or wait?
12/27/2008 7:46:19 PM EDT
[#1]
Decreasing debt is ALWAYS a good idea
12/28/2008 6:46:41 PM EDT
[#2]
I was afraid I would hear that

I know its the responsible thing to do but guns are alot more fun
12/29/2008 5:00:42 AM EDT
[#3]
Look at it this way - paying down debt costing you 10% is the same thing as investing and making 10% on your money.  10% is pretty good right now for a return, unless you can get a better return somewhere else.
12/29/2008 6:28:52 AM EDT
[#4]
Quoted:
Look at it this way - paying down debt costing you 10% is the same thing as investing and making 10% on your money.  10% is pretty good right now for a return, unless you can get a better return somewhere else.

Great comparison t_m!