July 11, 2007

Finances: Auto Loans

I currently own the vehicle that I am driving now. I paid cash for it about 2 years ago when I got some extra money from a website that I run in my spare time. Before that I had 3 auto loans in my day. I hated paying for any type of loan, but that was the situation I was in at the time.

I am certainly grateful that my financial situation has changed for the better over the last 5 years or more, but I wouldn't have been able to learn what I know without my first auto loans. Having a loan to pay teaches a person responsibile money management and that is never a bad thing. Just stick to your guns and pay your loans on time, everything will be just fine in the long run.