Posted by JD Seller on March 01, 2015 at 20:59:43 from (208.126.198.123):
In Reply to: truck loan posted by 1955 950 on March 01, 2015 at 17:09:25:
1955 950: I guess I am swimming against most of the other posters. To me it is not just about interest rates and saving. The bigger question is about RISK!! You should always look to minimize risk. So I would rather pay off the house and then work on the truck. As having your home paid off greatly lowers the RISK over paying the truck off.
You can drive anything it does not have to be financed at all. A $500 beater will get you from point a to point b.
Having your home paid for enables you to weather problems much easier. YOU have to have a house to live in and housing is harder/costlier than vehicles.
So the tax rates, deductions and interest rates all take the back seat to security or lack of risk. Losing your place to live is rougher than losing a vehicle.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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