Getting a loan, would you?

Vlim · 08-06-2018, 07:42 AM

It depends on the item. With some its nearly impossible to go wrong, even with a stressed market.

I've been financing the classic Mercedes hobby like that for many years. Didn't get rich but did not do bad either.

As long as it is an investment and not for 'consumption', and you keep an eye on your limits, you should do ok.

That being said, I now have a conflict with my bank because they decided to terminate my credit without a valid (to me) reason. I have banked with them for 40 years and the last year it's been nothing but problems, idiotic decisions and zero customer care. They used to be a cooperation of local banks that specialized in small businesses. But they merged into one large bank, so locals have nothing to say anymore.

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08-06-2018, 07:42 AM	#6
Vlim Moderator Lifetime LugerForum Patron Join Date: Oct 2002 Location: Europe Posts: 5,053 Thanks: 1,036 Thanked 3,990 Times in 1,205 Posts	It depends on the item. With some its nearly impossible to go wrong, even with a stressed market. I've been financing the classic Mercedes hobby like that for many years. Didn't get rich but did not do bad either. As long as it is an investment and not for 'consumption', and you keep an eye on your limits, you should do ok. That being said, I now have a conflict with my bank because they decided to terminate my credit without a valid (to me) reason. I have banked with them for 40 years and the last year it's been nothing but problems, idiotic decisions and zero customer care. They used to be a cooperation of local banks that specialized in small businesses. But they merged into one large bank, so locals have nothing to say anymore.