Would you accept this offer?

Discussion in 'Questions From New Drivers' started by Solo Soul, Jul 21, 2021.

  1. Dockbumper

    Dockbumper Road Train Member

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    Turn on the light and the roaches scatter.
     
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  3. Dockbumper

    Dockbumper Road Train Member

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    You do realize you will have interest accruing on that $120,000.00 every month, right? A year from now you may owe 130-140??? You really aren't very bright. I think Uber eats is about your speed. Trucking will chew you up and spit you out before you even make it to school. Please go troll the Truckingtruth website.
     
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  4. aussiejosh

    aussiejosh Road Train Member

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    Loans are fine if you have the ability to pay them back, just keep in mind the due diligence and consider the "what if " situation what if interest rates rize? what if my income drops? can I still afford the repayments?
     
  5. Judge

    Judge Road Train Member

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    As was said, that 20,000, that’s just sitting there in the bank is costing you $35,280.
    So say,100k.
    If it’s still 3.75% and if payment is $98 per 20k, that’s $490/month$5,880/year $176,400For 30 years.
    Plus the 20 no, 35,280 you already owe.

    And, it’s the government, if you don’t pay, they’ll garnish your wages and take everything.:banghead::banghead::banghead::banghead::banghead:

    My figured may be off some, as I don’t know the monthly payment, but when you break it down, it’s no good.:biggrin_25513: :biggrin_25512:

    You can’t borrow money, put it in a checking account, and think you’re going to make money, while paying interest on it, you’ll go in the hole.
    If, if, start up a business, and make a good go of it, you might be ok, but not to just sit it there.
     
  6. Judge

    Judge Road Train Member

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    I’d say $500/week garbage truck driver.
    His helpers here are jailbirds doing community service.
     
  7. bzinger

    bzinger Road Train Member

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    I didn't take a ppp loan and don't need or want the government in my life any more than they already are .
    I know a couple people that did and they're in deep doo doo if they ever get audited .
     
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  8. Judge

    Judge Road Train Member

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    ...Lets see..bzinger...*scrolling down list*
    Ah, here we are.
    You owe $500 from years ago, at 25% interest, We’ll settle for ah, hows an even $10,000 sound?
    Oh, if you don’t pay in 30 days, we’re taking your house, thanks again for your cooperation.
    Have a nice day.
    :)
     
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  9. bzinger

    bzinger Road Train Member

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    Exactly! I dont think vacations and new pick ups qualify.
     
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