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Still not a smart move to gamble your house on buying a car. With either of those loans, you are putting your home up as collateral. And you can see how that has worked out for thousands of Americans.
Why not go to your credit union and get a signature loan against your savings or your 401k?
Once again, we have been led like sheep, by the financial institutions, to bleed our home equity dry in order to afford a lifestyle we have been brainwashed into thinking we must have. Where do you think the leasing industry came from? Some genius thought of a way for us to rent the things we couldn't afford to buy.
And we fell for it!
Last edited by jhv48; 10-23-2008 at 08:05 PM..
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