How do you.....

[StreetRacer16g]

pay for your car parts?? Like credit cards, checks, cash...etc? I find myself maxing my credit cards like every other month on car parts....that shit sucks. And my highest credit card is only like $500 bucks. Weak. THats the highest one I can get. What about yall?

[HONDA GHANDI]

I buy mine with checks. Then I write them off because I have a business. MUAHAHAHAAHAH!

[Weston-work]

:rofl: But seriously, stay away from credit cards... it's too easy to get careless, especially if you have a high credit limit.

[LeonZ]

Don't stay away from credit cards. You will only get carried away and go over limit if you are a child or if your brain is leaking in 2 places.

[Weston-work]

It's not about going over the limit, it's about careless spending and racking up debt. It's not so much an issue when your limit is low, but give a $5000 limit to someone who doesn't have much income and he'll get into trouble. Credit cards can be useful, but there's more potential for screwing yourself.

[Mario]

Cash... I will never put myself in debt for any car modification. I use a charge card, but that is directly related to my checking account where my tips and paychecks go (money in plastic esentially). :)

[STIBungy]

I use a CC to buy some things. I usually pay it all of every month.

I use paypal to pay for other things too. It either takes it out of my bank acct or I already have money in there from stuff I've sold.

[myshtern]

If you dont pay your full CC bill you are 00pid. When I worked at JC Penny's the funniest little mexican ladies would come. They would have like $1,800 racked up in debt and they would hand me a $20 (the minimum payment). They were also paying 21% knowing how croocked the JC Penny's car is.

[David]

Cash... I will never put myself in debt for any car modification. I use a charge card, but that is directly related to my checking account where my tips and paychecks go (money in plastic esentially). :)
Yea, thats what I do. Doesn't make much since to go into debt over car mods...

but just so you know, those magical cards are called Debit cards ;)

[MKIII-Shoopra]

Cash

[Weston-work]

If you dont pay your full CC bill you are 00pid. When I worked at JC Penny's the funniest little mexican ladies would come. They would have like $1,800 racked up in debt and they would hand me a $20 (the minimum payment). They were also paying 21% knowing how croocked the JC Penny's car is.

What's the point of having a credit card if you think it's "00pid" to carry a balance? A credit card is just an instant loan... a tool if used properly. It's also very useful for when shit happens and you don't have the cash to cover something. When you get into the real world and are supporting yourself, you will see what I mean...

[stu]

They also build credit and are practically essential if you ever want to buy a house.

[Weston-work]

Yup, having good credit is important. A lot of places use your credit report to judge how responsible you are. The more responsible you are, the less of a risk you are, and that works out to your advantage. It gets me low APRs, eligible for more things, cheaper car insurance, and a good apartment to rent. Potential employers sometimes even run your credit report.

[stu]

Having good credit is more important than having good grades when it comes to real life.

[Weston-work]

Having good credit is more important than having good grades when it comes to real life.

:werd:

[Mario]

Yea, thats what I do. Doesn't make much since to go into debt over car mods...

but just so you know, those magical cards are called Debit cards ;)

Mine's not a debit card, it's a charge card y0. :rofl:

[Bedlam]

I let people run into my car...and then use that money to fix it up. :)

Its working good so far...we'll see if I can keep up the trend..

-Bedlam

[Weston-work]

Let me know if you ever plan to go out of town... I have a Prelude that I'd like to park in your magical money making parking spot. :D

[Mario]

Let me know if you ever plan to go out of town... I have a Prelude that I'd like to park in your magical money making parking spot. :D

There's already one Prelude there, and it hasn't gotten hit yet. :king:

[myshtern]

What's the point of having a credit card if you think it's "00pid" to carry a balance? A credit card is just an instant loan... a tool if used properly. It's also very useful for when shit happens and you don't have the cash to cover something. When you get into the real world and are supporting yourself, you will see what I mean...

Ok, it is 99% oopid because that just means you are spending more than your are making and will be paying interest. There are some cases where you may need to carry over a balance, but if you arent oopid 99% of the time it wont come to that.

When you need a real loan for something important, then you get one.

Most people carry a balance over on their card because they are irresponsible and spend too much money on clothes or whatnot.

[Ric3 Tr077]

Credit cards are the way to go. Its just one hell of a lot easier to get what you need that way. My parents pay for most of the mods however so that makes it easy.

[chrisbarnett01]

I generally charge everything, but only if I have the cash to cover it. Sometimes I don't have the cash, but if I need a part to make a race, I'll charge it and pay it off when I can.

It's always a good idea to carry a balance on a credit card every now and again, so it positively affects your credit. Having a card that has never been used doesn't look that great on your credit. It doesn't look bad, but it isn't exactly a positive thing. Having a card that has had a balance that has been paid off looks MUCH better.

Credit cards are useful tools. They can be lifesavers as well.

And, they are exactly like loans, except they are right there whenever. If you need something now that you can't afford today, but can in 3 months, charge it. Pay it off in 3 months.

[stu]

If you have a credit card that doesn't have a balance, then you might as well not even have one at all as far as credit goes.

[chrisbarnett01]

If you have a credit card that doesn't have a balance, then you might as well not even have one at all as far as credit goes.


:werd:

[myshtern]

If you have a credit card that doesn't have a balance, then you might as well not even have one at all as far as credit goes.

No, they are useful if you dont want to carry around loads of cash or if you dont have the cash at the time. With that in mind, you should always have enough money to pay off your cards. Sure sometimes people cant do it one month or something, but if it becomes a habit you are in a shit hole.

[myshtern]

And, they are exactly like loans, except they are right there whenever. If you need something now that you can't afford today, but can in 3 months, charge it. Pay it off in 3 months.
Im not the kind of person to do that. I would save for three months and buy it then

[Weston-work]

No, they are useful if you dont want to carry around loads of cash or if you dont have the cash at the time. With that in mind, you should always have enough money to pay off your cards. Sure sometimes people cant do it one month or something, but if it becomes a habit you are in a shit hole.

Then just get a debit card... it is used the same way (ie Visa), but takes the money from your checking account rather than putting it on credit.

[myshtern]

Thats what I have you russian wannabe

[bryan305]

I put everything on my credit card....always get at least 1% cash back :)

[chrisbarnett01]

Im not the kind of person to do that. I would save for three months and buy it then


What if you HAVE to buy something now? IE your car breaks and you have to repair it, and you don't have the cash, and without the car, you can't get to work?

etc etc

[StreetRacer16g]

I keep a balance on my credit card for usually about a month or two. My max is only $500 on one and $200 on the other. Ive maxed them out and paid them off for like a year straight, about every other month. I cant get in to much trouble with it, plus that SHOULD make my credit look better, but I cant get another CC or loan really for the life of me.

[myshtern]

You dont build credit with how much you pay, you build it much faster by staying as far away from your limit as possible. For example, if your limit is $500, buy a pack of chewing gum and nothing else.

Although, since you will need to use your card for more than gum you get 3-4 credit cards. Use one or two of them for your everyday purchases and use the other two to just buy a pack of gum or something and to stay away from your limit. That will build credit much faster than maxing your cards and paying them off.

[ryanman]

Cash, or charge at my work, lol.

[stu]

You don't build credit any faster by staying away from your limit.

[STIBungy]

Some people are just too young to have that problem yet.

What if you HAVE to buy something now? IE your car breaks and you have to repair it, and you don't have the cash, and without the car, you can't get to work?

etc etc

[-=[Juztin]=-]

I'm paying off my cc's now and will be for atleast a little while. But i'm definately gonna keep my credit lines open to help in the credit report. But overall, it's best just to use the CC when you have the money to cover what you are buying, otherwise your still gonna be loosing out because of interest. I have the fake credit card that ties directly into my account which I use all the time. the other cc's I mentally forget I have them.

[Weston]

Some people are just too young to have that problem yet.

:werd: