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Old 02-04-2013, 05:17 PM   #14
7 for now
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Join Date: May 2010
Location: SE Idaho
Posts: 2,161
Originally Posted by thekuligs

We don't believe in debt, or buying new vehicles really; the price depreciates so quickly. So unfortunatly that isn't an option for us.
We don't believe in debt either. We have zero debt. Dh has a corporate American Express he uses for work travel. Besides that we have no credit cards, loans, or debt of any kind. We pay cash for everything.

We did decide to take on that debt short term so we could order exactly what we wanted. We also knew we would have the van much longer than the loan term. We put about 50% down and financed the rest at 0%. Plus dh's mom is retired from General Motors so we got her discount, which is even bigger when ordering a car. We paid the balance off in a year.

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