Nick Koan

iTrader: (3)

bah, internal optical drives are a thing of the past.

now its time to install everything over wifi.

Nick Koan

iTrader: (3)

Depends on the drive.

The drives that do random writes have a very long lifespan. The cheap ones that do contiguous writes from sector 0 are the ones that fail prematurely.

nachomc

iTrader: (7)

I hate how Apple pushes forward with this kind of ****. They did the same thing with floppy when a lot of stuff still came on floppy with the first iMac.

GT35 STI

iTrader: (6)

Ya, I think i've made up my mind. I am just going to keep the camaro


Now question #2...

I have a 200 dollar a month car payment, at which I pay 220 bucks a month on. Would it be better/smarter to just pay off the camaro so I don't have any form of debt anymore(aka better credit score), or keep the extra 6k and use it on the future house purchase

T-Will

iTrader: (3)

You can still get an add-on drive...this was the only way to make it that thin methinks. Plus now everyone is supposed to buy movies/music through iTunes, so who needs a DVD/CD drive anymore?

jvick125

iTrader: (2)

Isn't Paul building you a new motor or rebuilding your old one?

Where are you looking to buy?

jvick125

iTrader: (2)

I would continue with the $220 payment and if you have the $6,000 right now, invest it.

nachomc

iTrader: (7)

It's up to you, but you should evaluate how much interest your paying on the car over that next $6k vs. how much that $6k in your bank account would earn. Don't forget that the loan should be amortized, so the amount of interest you're paying on each payment from here on out likely won't equal the apr of the loan. You can use an amortization calculator on the internets to figure it out.

T-Will

iTrader: (3)

Buy 20 Wii's.

Nick Koan

iTrader: (3)

Yup. My auto loan at chase actually shows me the amortization schedule, which is nice. It also made me abandon thoughts of paying the car off early, since I've already paid most of the interest (3 years into a 5 year loan).

Debt isn't necessarily bad, if you can pay it.

Mr. Furley

+1, mine hovers at 700 with no derogatory anything, hopefully it'll jump up when i sell my car.

GT35 STI

iTrader: (6)

amortization?? never heard of it

well if I don't spend the 6k on the car, i'd be able to invest around 30k. I'd put it in some form of investment that I couldn't touch for atleast 6 months(so I don't accidentally spend it). Kind of like a CD or something

I'm just fixing the threads on the motor, and selling it... I am looking to buy in the roseville area, I found a few brand new(no previous owners) houses off of blue oaks that are LIST, 260k

GT35 STI

iTrader: (6)

I have a wii right now that i never use, and I'm willing to sell it

Nick Koan

iTrader: (3)

Amortization (simplified) means that your first payment is like 99% interest and 1% principal, and your last payment is 1% interest and 99% principal. Its actually a curved line with lots of math theory behind it, and blah blah blah.

If you take the loan out to term, there is no difference. What it does, though, is give the banks a bit more of their profit on the loan early, just in case you default on the loan, or you decide to pay it off early.

jvick125

iTrader: (2)

You've never heard of Amortization!?

If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.

Not saying you can't do that, just making sure you're aware.