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Old 08-10-2009, 07:25 PM   #80
Daniii's Avatar
Joined: Sep 2005
Location: Plano Tx
Oddometer: 25,335
Originally Posted by PecosBill
I don't want to sound like a snob, but $16k sent you into bankruptcy???

$600/month payments for no car, for three years. It was far easier to just declare. Yup, it was stupid. No one told me about gap insurance for when a $32K car was worth only $12k in 2 years. The 944 had shit resale value.

But I bought and sold two houses in the three years after. Drove shit cars for 10. No credit card debt since. It was a hard lesson learned.
Originally Posted by bongodave View Post
I've been here for years and it's made me exceptionally ignorant.
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