Evolving Personal Finance » Entries tagged with "banks"
Why I Took Out a Car Loan for More Than the Purchase Price of the Car
When I bought my car (the one that is currently not being driven) in 2008, I needed to borrow $3,500 on top of the $1,000 I had saved to pay the private seller. However, I ended up taking out a loan for $5,000. Why in the world would I take on more debt than was necessary? First, I need to explain that I was in a little different mindset in 2008 than I am now. I … Read entire article »
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