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Paying cash is a mindset

Discussion in 'Business Operations' started by muddywater, Sep 3, 2012.

  1. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    He has gone bankrupt at least once as a result of leveraging.

    Again, when using leverage you must remain balanced, too many bad things happen when there is too much leverage.
     
  2. cgaengineer

    cgaengineer LawnSite Fanatic
    Posts: 15,782

    I already answered that...
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  3. muddywater

    muddywater LawnSite Bronze Member
    Posts: 1,813

    Just credit cards?
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  4. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    There is good debt but you already said you did not need me to explain it to you...
     
  5. muddywater

    muddywater LawnSite Bronze Member
    Posts: 1,813

    Lets say you find a nice isuzu npr like the one you own for 10k on atl craigslist. What are the chances of lining up financing before someone else buys it?
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  6. muddywater

    muddywater LawnSite Bronze Member
    Posts: 1,813

    An advantage to paying interest vs making interest?
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  7. cgaengineer

    cgaengineer LawnSite Fanatic
    Posts: 15,782

    If your credit is good it won't be a problem provided the truck is worth it's loan value and within the years of the loan.
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  8. muddywater

    muddywater LawnSite Bronze Member
    Posts: 1,813

    The truck will be gone w/in 12 hours of hitting craigslist. Is that enough time to get a loan?
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  9. cgaengineer

    cgaengineer LawnSite Fanatic
    Posts: 15,782

    Should be...but I always say "no deal is too good that I can't walk away from it"

    And normally you can retain a vehicle with a little down or earnest money.
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  10. muddywater

    muddywater LawnSite Bronze Member
    Posts: 1,813

    I saw a 05 crew cab isuzu diesel w 130k miles box w dovetail built into the box(part of van body) for 11k. If you had to line of financing, you were too late. That was a 20k truck.
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