In Debt up to the eyeballs but loving it - Jeep Wrangler Forum
Jeep Wrangler Forum

Go Back   Jeep Wrangler Forum > General Discussion Forums > Off-Topic

Join Wrangler Forum Today


Reply
 
Thread Tools

Please support our sponsors and let them know you heard about them on WranglerForum.com
Old 02-20-2012, 02:00 PM   #1
Jeeper
 
mfaas88's Avatar
 
Join Date: Feb 2012
Location: Madison, Wisconsin
Posts: 2,820
In Debt up to the eyeballs but loving it

Anyone else have an insanely high amount of debt due to their jeep and a few other factors but don't care because keeps rock!

??

__________________
"All I Have In This World Is My Balls And My Words .. And i Dont Break Them For No One"

Too much balls / Not enough brains
mfaas88 is offline   Quote Quick Reply
Old 02-20-2012, 02:01 PM   #2
Jeeper
 
greenjeepgurl87's Avatar
 
Join Date: Jun 2011
Location: Gone, and I ain't back yet
Posts: 39,124
Absolutely. You didn't know jeep stands for Just Empty Every Pocket?
Well now ya do!

__________________
Keepin' on Jeepin' on!
greenjeepgurl87 is offline   Quote Quick Reply
Old 02-20-2012, 02:10 PM   #3
Jeeper
 
mfaas88's Avatar
 
Join Date: Feb 2012
Location: Madison, Wisconsin
Posts: 2,820
I have found that out. If I add everything up.....I'm in for 85K of debt. ..

Haha
__________________
"All I Have In This World Is My Balls And My Words .. And i Dont Break Them For No One"

Too much balls / Not enough brains
mfaas88 is offline   Quote Quick Reply
Old 02-20-2012, 02:12 PM   #4
Jeeper
 
greenjeepgurl87's Avatar
 
Join Date: Jun 2011
Location: Gone, and I ain't back yet
Posts: 39,124
Jeeeeeez
__________________
Keepin' on Jeepin' on!
greenjeepgurl87 is offline   Quote Quick Reply
Old 02-20-2012, 02:14 PM   #5
Jeeper

WF Supporting Member
 
denisbaldwin's Avatar
 
Join Date: Nov 2011
Location: Clearwater, FL
Posts: 3,300
I'm not in debt yet.. thankfully mine is paid off. Then again, if I go nuts on an engine build for it...
__________________
Denis A. Baldwin
Clearwater, FL
1991 YJ 99 Vortec 5.7L, SM465, NP205, 14 Bolt Rear, Dana 60 Front, 5.13 Gears, Detroit Lockers, 395/85R20 46" Michelin XML tires on 20" XD Wheels, Cherokee Offset Springs (10" front to back stretch total), Bilstein 5150s, 1in. BL, custom cage, Warn M8000, Double D Dash/OHC, 4Low Front Stinger Bumper, DirtWorx Rear Bumper WTC, Tube Fenders, Comp Cut, 1 Ton HD Kingpin High Steering and PAID FOR.
denisbaldwin is offline   Quote Quick Reply
Old 02-20-2012, 02:15 PM   #6
Jeeper
 
greenjeepgurl87's Avatar
 
Join Date: Jun 2011
Location: Gone, and I ain't back yet
Posts: 39,124
I'm still a good 15k in debt. I think
__________________
Keepin' on Jeepin' on!
greenjeepgurl87 is offline   Quote Quick Reply
Old 02-20-2012, 02:17 PM   #7
Jeeper
 
mfaas88's Avatar
 
Join Date: Feb 2012
Location: Madison, Wisconsin
Posts: 2,820
I figured go big or go home. Still have student loans and credit cards to pay off but hell, how often can you make it work to drive a brand new special edition wrangler off the lot with 24 miles on the odometer? "

Worth it
__________________
"All I Have In This World Is My Balls And My Words .. And i Dont Break Them For No One"

Too much balls / Not enough brains
mfaas88 is offline   Quote Quick Reply
Old 02-20-2012, 04:21 PM   #8
Jeeper
 
PTWarrior66's Avatar
 
Join Date: Mar 2011
Location: DMV
Posts: 2,786
I hope that 85k is for everything not just your Jeep.
__________________
Wal-Mart and Mcdonalds are the most un-American establishments around. Don't give these idiots your money
PTWarrior66 is offline   Quote Quick Reply
Old 02-20-2012, 04:24 PM   #9
Jeeper
 
greenjeepgurl87's Avatar
 
Join Date: Jun 2011
Location: Gone, and I ain't back yet
Posts: 39,124
Quote:
Originally Posted by ptwarrior66
i hope that 85k is for everything not just your jeep.
x2.
__________________
Keepin' on Jeepin' on!
greenjeepgurl87 is offline   Quote Quick Reply
Old 02-20-2012, 04:27 PM   #10
Jeeper
 
mfaas88's Avatar
 
Join Date: Feb 2012
Location: Madison, Wisconsin
Posts: 2,820
That's right. That's including every dime of debt i have. Less than half is my jeep
__________________
"All I Have In This World Is My Balls And My Words .. And i Dont Break Them For No One"

Too much balls / Not enough brains
mfaas88 is offline   Quote Quick Reply
Old 02-20-2012, 04:38 PM   #11
Jeeper
 
nick50471's Avatar
 
Join Date: Apr 2010
Location: Bushwood Country Club
Posts: 13,896
I am sorry I do not see the humor in this. Call me a buzz killer or whatever. Another member on this forum maxed out his credit card to lift his rig and didn't care what anyone thinks.

IMHO. This cavalier attitude about spending money freely without regard is how our economy ended up in the position it is.
__________________
License to kill gophers by the government of the United Nations. Man, free to kill gophers at will. To kill, you must know your enemy, and in this case my enemy is a varmint. And a varmint will never quit - ever. They're like the Viet Cong - Varmint Cong. So you have to fall back on superior intelligence and superior firepower. And that's all she wrote.
nick50471 is offline   Quote Quick Reply
Old 02-20-2012, 05:15 PM   #12
Jeeper
 
mfaas88's Avatar
 
Join Date: Feb 2012
Location: Madison, Wisconsin
Posts: 2,820
The majority is student loans. So I'm not pit there spending money everyday. Just sharing
__________________
"All I Have In This World Is My Balls And My Words .. And i Dont Break Them For No One"

Too much balls / Not enough brains
mfaas88 is offline   Quote Quick Reply
Old 02-20-2012, 05:31 PM   #13
Jeeper
 
greenjeepgurl87's Avatar
 
Join Date: Jun 2011
Location: Gone, and I ain't back yet
Posts: 39,124
Quote:
Originally Posted by mfaas88
That's right. That's including every dime of debt i have. Less than half is my jeep
Well...only the jeep.counts
__________________
Keepin' on Jeepin' on!
greenjeepgurl87 is offline   Quote Quick Reply
Old 02-20-2012, 06:39 PM   #14
Show Me Your 8008135!

WF Supporting Member
 
s3nt3nc3d's Avatar
 
Join Date: Oct 2009
Location: Piqua, OH
Posts: 3,641
Send a message via AIM to s3nt3nc3d
I was the other member who did it...overall, I don't regret the decision. Was it the smartest thing I've ever done? Certainly not. But IMO it's smarter than taking out a ton of money in student loans only to graduate and realize there are few good jobs available right now that pay more to college grads. And that's what almost every parent is pushing their kids to do these days.

My best friend is dealing with it now. His wife just spent the last 5 years in college full-time. She finished and now is still working the same factory job because there are few openings in her field and those openings that are aren't paying much more than she's making in the factory. So now she's making the exact same amount of money as before, but she's paying an extra $481/mo for the last 5 years of knowledge she obtained and hasn't been able to put to use. My friend was forced to change jobs. He was managing a detail shop making decent money with tons of growth opportunity that is about to grow considerably in size once their investment deal they're working on is finalized. Due to the bills still needing paid, he had to go back to selling cars at his old job even though the money isn't as steady but as long as he busts his ass, he makes more than he currently does at the detail shop. Unfortunately, he has limited growth potential selling cars, but at the detail shop, he was already guaranteed a large raise as well as being put in charge of all the shops in the area once their investment deal went through. That deal was in the final stages and wasn't just one of those, "IF we get this guy to invest, we'll give you a raise!" type of deals. He was also forced to relocate to a cheaper home because they can't afford their rent at their current place anymore with the student loans beginning to come out.

My debt... $50/mo currently until this summer at which point it'll be closer to $100/mo. That's about 1/3 of most people's car payments. And that's not too bad considering I've put half the financed cost of my Jeep onto that credit card. I'd say it's no more dumb than most other people's decisions.

Plus going to college never got his wife laid...I can't say the same about my Jeep (even if she was a little crazy...lol).
__________________
"We don't build great brakes because we think you don't know how to drive, we build them for the guy on the road in front of you that doesn't." - Black Magic Brakes
s3nt3nc3d is offline   Quote Quick Reply
Old 02-20-2012, 07:31 PM   #15
Jeeper
 
nick50471's Avatar
 
Join Date: Apr 2010
Location: Bushwood Country Club
Posts: 13,896
To each his own. I will continue to live within my means.
__________________
License to kill gophers by the government of the United Nations. Man, free to kill gophers at will. To kill, you must know your enemy, and in this case my enemy is a varmint. And a varmint will never quit - ever. They're like the Viet Cong - Varmint Cong. So you have to fall back on superior intelligence and superior firepower. And that's all she wrote.
nick50471 is offline   Quote Quick Reply
Old 02-20-2012, 07:31 PM   #16
Jeeper
 
desertgoose's Avatar
 
Join Date: Mar 2011
Location: AZ
Posts: 9,086
Guess I'm kinda lucky then. No debt since I got divorced. Maybe that's why I'm so much happier now...
__________________
desertgoose is offline   Quote Quick Reply
Old 02-20-2012, 07:39 PM   #17
Jeeper
 
greenjeepgurl87's Avatar
 
Join Date: Jun 2011
Location: Gone, and I ain't back yet
Posts: 39,124
Quote:
Originally Posted by desertgoose
Guess I'm kinda lucky then. No debt since I got divorced. Maybe that's why I'm so much happier now...
and your jeeps lookin sexy!
__________________
Keepin' on Jeepin' on!
greenjeepgurl87 is offline   Quote Quick Reply
Old 02-20-2012, 07:44 PM   #18
Jeeper
 
Kevinm2467's Avatar
 
Join Date: Sep 2010
Location: portsmouth, Va
Posts: 862
I owe nobody a penny. Except for all the normal bills like rent, power, water, cable and cell phone and damn if groceries aren't expensive as heck. That's like more then my rent
Kevinm2467 is offline   Quote Quick Reply
Old 02-22-2012, 10:32 PM   #19
Jeeper
 
kozmos's Avatar
 
Join Date: Nov 2011
Location: Tulsa OK
Posts: 76
Don't understand America's fascination with debt. Wife and I ate a lot of ramen & beans to payoff her student loans and my cc debt. That was 14 years ago now we only owe a small bit of 0% loan on the Jeep & Subaru and that is it!. Our ultimate goal was the house, paid the house off end of last year. If I don't have the money, I save then buy it.
__________________
'12 JKU Sahara, Dark Cherry Red
'12 Toyota Sequoia
'08 Subaru STi
kozmos is offline   Quote Quick Reply
Old 02-23-2012, 05:31 AM   #20
Jeeper

WF Supporting Member
 
denisbaldwin's Avatar
 
Join Date: Nov 2011
Location: Clearwater, FL
Posts: 3,300
kozmos - I've moved to that way of thinking over the last few years. All of my vehicles are paid off. My wife's 2010 Mazda3 is at 0% and will be paid off in the next 11 months. Our house should be paid off in the next 2-3 years (and is at a really low rate). I don't like keeping credit debt either.. no sense lining someone else's pockets when I could be using that money to line my Jeep's tub with plasticoat
__________________
Denis A. Baldwin
Clearwater, FL
1991 YJ 99 Vortec 5.7L, SM465, NP205, 14 Bolt Rear, Dana 60 Front, 5.13 Gears, Detroit Lockers, 395/85R20 46" Michelin XML tires on 20" XD Wheels, Cherokee Offset Springs (10" front to back stretch total), Bilstein 5150s, 1in. BL, custom cage, Warn M8000, Double D Dash/OHC, 4Low Front Stinger Bumper, DirtWorx Rear Bumper WTC, Tube Fenders, Comp Cut, 1 Ton HD Kingpin High Steering and PAID FOR.
denisbaldwin is offline   Quote Quick Reply
Old 02-23-2012, 03:12 PM   #21
Show Me Your 8008135!

WF Supporting Member
 
s3nt3nc3d's Avatar
 
Join Date: Oct 2009
Location: Piqua, OH
Posts: 3,641
Send a message via AIM to s3nt3nc3d
I am working on a debt reduction plan myself...and if all goes smoothly, I may be debt free in 2-3 years. That includes Jeep paid off, all credit cards paid off, IRS paid off (perks of being 1099'd and not being responsible enough to take out money to cover taxes).

My reason isn't because I feel I must live debt free...but my debt to income ratio is terrible and because of that it's killed my credit. I want to be able to rent/buy my own place whether I have a roommate/girlfriend/wife or not before I'm 40...and if I'm gonna buy I'm gonna need to fix my credit and have lower payments so I'm not struggling to make a mortgage payment.

Not everyone has the option of being debt free all their life...and not everyone makes enough money to afford the things they dream of owning without taking out loans/credit cards. We only live once...if you want to own a lifted Jeep and take it out mudding every weekend before you settle down and get married (because face it...not everyone is lucky enough to have a wife that is supportive of dumping tons of money into a vehicle so it'll go through the mud easier and get worse gas mileage in the process), what's wrong with incurring a little debt to live that dream. For many people, if they don't, they never will get that opportunity later in life. And that's the crappy part about life...you can't go backwards, only forward. Once your opportunity is gone, it's gone.

Of course you gotta be reasonable with your debt...if you can't afford to make the payments on it, then you certainly shouldn't take that debt on. Bankruptcy isn't the right way to deal with it. And while paying all that interest is bad for you, it's helping the financial institutions out...and whether you agree with the bank bailouts or not (I don't), any time a business is bringing in money, that's a good thing for the economy. I know, I know...we can get real political and argue a million different exceptions, but OVERALL, it's a good thing for business and as long as you can afford the payments, it's not going to destroy your life.

__________________
"We don't build great brakes because we think you don't know how to drive, we build them for the guy on the road in front of you that doesn't." - Black Magic Brakes
s3nt3nc3d is offline   Quote Quick Reply
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Jeep Wrangler Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
So I've run out of room on my battery, what do you all do in this case? jstone326 TJ General Discussion Forum 64 09-12-2012 08:16 AM
Loud bang when my grand cherokee is in 4 wheel drive. dirtYJeep General Jeep Discussion 4 02-21-2012 08:18 PM
Installing an HIE distributor in 1987 wrangler henrysteeneck43 YJ Tech Forum 1 02-20-2012 03:55 PM
730/430 Stereo: Geek here looking to gauge interest in an idea dalearyous JK General Discussion Forum 0 02-20-2012 01:40 PM
starting to research za_mhz CJ General Discussion Forum 9 02-20-2012 01:19 PM



» Featured Product

All times are GMT -5. The time now is 05:50 AM.



Jeep®, Wrangler, Liberty, Wagoneer, Cherokee, and Grand Cherokee are copyrighted and trademarked to Chrysler Motors LLC.
Wranglerforum.com is not in any way associated with the Chrysler Motors LLC