Hey You Cheerleaders, When Do You Think There Will Be A Major Financing Announcement?

[Rickb]

Can you remember how much your 1965 car payment was? My '66 Mustang was $66/mo.

As I recall about $25-30/month. I remember wanting a slightly used '65 Mustang, priced in the $2300 range as I recall, but settled on a used '62 Grand Prix Pontiac for $1595 and a payment I could actually afford. A very long time ago when the Big Three Auto car designs were very distinctive in styling.

 

[Johnapool]

I had a white '60 Pontiac Bonneville with the big gas-sucking, tire-smokin' 300hp engine and a factory floor manual shifter, 3 speed, four-door hardtop. IIt was hard to keep a light foot on.
Wonder what it is worth today....

 

[John Painter]

Can you remember how much your 1965 car payment was? My '66 Mustang was $66/mo.

They had cars back then????

Sorry, I thought that I was responding to RUCRAYZE.

 

[Johnapool]

Actually, we did have a horse in the pasture, just in case.....

 

[Jeff Miller]

The GOOD life is led by Getting Out Of Debt, I tell kids a lot.

Great words to live by

 

[Ekh]

Thankfully, It's not that easy since the much needed 2008 banking regulation changes as a result of that housing crash.

I have apparently lived by your GOOD life philosophy since my first car loan back in 1965. The minute that car loan was paid off, I kept making a self car payment so I would have cash or a huge down payment for my next car purchase.

We just did a re-fi. Excellent credit scores, but still a major pain in the butt. Bank statements, 2 years of tax returns, etc etc etc. grrr. And this was for a re-fi with out current lender -- no late payments in decades!

 

[Johnapool]

We just did a re-fi. Excellent credit scores, but still a major pain in the butt. Bank statements, 2 years of tax returns, etc etc etc. grrr. And this was for a re-fi with out current lender -- no late payments in decades!

Really, more like the way it was 20 years ago. Proving worthy of the loan used to be part of getting it, and it needs to be. I am surprised that your current lender put you through all that. Bankers are under lots of scrutiny right now, I am sure.

 

[Ekh]

Really, more like the way it was 20 years ago. Proving worthy of the loan used to be part of getting it, and it needs to be. I am surprised that your current lender put you through all that. Bankers are under lots of scrutiny right now, I am sure.

Our bank person -- a good personal friend -- keeps telling me "don't shoot the messenger. Thank Lehman Bros and their pals for all this, with a helping hand from Dodd-Frank."

 

[Rickb]

I had a white '60 Pontiac Bonneville with the big gas-sucking, tire-smokin' 300hp engine and a factory floor manual shifter, 3 speed, four-door hardtop. IIt was hard to keep a light foot on.

I had a white '60 Pontiac Bonneville with the big gas-sucking, tire-smokin' 300hp engine and a factory floor manual shifter, 3 speed, four-door hardtop. IIt was hard to keep a light foot on.
Wonder what it is worth today....

My white Grand Prix was gas suckin too, but I was getting surprisingly good mpg. As it turned out, my wife to be girlfriend at the time, was borrowing the car and periodically putting in a couple bucks worth of gas without my knowledge.

 

[Rickb]

We just did a re-fi. Excellent credit scores, but still a major pain in the butt. Bank statements, 2 years of tax returns, etc etc etc. grrr. And this was for a re-fi with out current lender -- no late payments in decades!

Yep, us too, lots of hoops on our last retirement home purchase, but I didn't mind if it actually helps to protect the not so financially savvy home buyer and keeps our realestate market a little more stabile. The bank loan officer seemed a little put out though.