Not Ranked
Jeff,
1. Assuming this line of credit is a HELOC (i.e. tied to 2nd TD). Otherwise, any interest deduction is illegal.
2. Don't understand your logic of a sinking 401k = time to borrow money.
3. NEVER view a replica of ANYTHING as a safe haven to preserve capital.
4. HELOCs are usually tied to indexes or Prime or LIBOR (i.e. variable rate). It's only going to go up once the real recession hits and inflation takes over.
5. These cars are more wants than haves.
As much as I'd like to see Kirkham sell a gazillion of their wonderful cars, I'd personally keep my powder dry and/or wait for some really low bargains when a few owners will get stretched thin over the coming months and you can find a deal on a well cared for pre-owned model. Or alternatively save the cash and plunk down on a new one.
My $0.02 and it's worth about half that on a good day.
-Dean
Last edited by RedBarchetta; 10-21-2008 at 04:40 PM..
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