Thread: Loan?
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Old 04-24-2011, 08:20 PM  
2MuchMark
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The very best way for you to get your money is to sell one of your cars. If you can get $10k for your Mercedes then do it. This car is doing nothing but costing you money anyway so by selling the car you save money and you owe nothing to any bank or investor for your business.

If you sell a Jag, put the rest of the money in the bank. When you make back your $10k invest it all in something that pays instead of another car that costs you money. If you absolutely must have another jag, save up to buy a nice new 2012 model.

If you don't want to sell any cars, use a Jag as collateral against a bank loan. The bank will lend you money at a cool 6% or so that will be easy as hell to pay back.

If you don't want to sell any cars or use them as collateral you are crazy. If you borrow from anyone it will be a high interest loan. If you take on an investor it will cost you a ton more.

Why borrow from anyone when you can borrow from yourself or your own assets?

Welcome to money 101.
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