Financed through my bank and have enough saved in retirement vehicles with about as high a credit score one can attain. Also have my mortgage through same bank and now they don't hesitate to lend me money. It has something to do with debt to equity ratio ...
I would love to hear some recent interest rate stories on being a first time truck owner. I know its kind of an old thread but was just curious about how rates have possibly changed within the last year.
We paid off our home and cars in a few years here in Arkansas. Given about a year or two, they started burying us in solicitations. Debt was not something to be avoided but rather to be treated as a form of income. We still avoided it.
However, when there were issues in life there was no problem at that time to come up with however many dollars needed to solve it within a few hours of arranging for it. I think at one time we carried a 20K balance against a house in Fairbanks that needed to be sold, just about all of it generated by the oil bill each month ranging from 700 to 1400 depending on how cold it was. The house sold, and that bank was paid off in full. They protested of course. 7% interest at that time. But paid is paid. heh. The profits from that sale went into our bank. But not for long. There was no death tax that year.
Even today I resented that oil. We needed to heat the home to make the sale in good condition, way too many sellers up there did not spend the money to oil and winter and nature pretty much destroyed the property in short time.