If I admitted to having cash, people would want to borrow money off me.
Mustang is the only note I have. House was paid off this year, own all of my other vehicles outright. Didn't NEED to finance the mustang but had nothing left to give me a monthly uptick on my credit score. So I bought the car (for cash) then took the title in to the bank and got a loan on it.
So, yeah, I'm abusing debt, but it's for a good purpose. My business's credit runs off of MY credit score, since I'm the owner. Gotta keep that score going up.
Mustang is the only note I have. House was paid off this year, own all of my other vehicles outright. Didn't NEED to finance the mustang but had nothing left to give me a monthly uptick on my credit score. So I bought the car (for cash) then took the title in to the bank and got a loan on it.
So, yeah, I'm abusing debt, but it's for a good purpose. My business's credit runs off of MY credit score, since I'm the owner. Gotta keep that score going up.