Should I borrow to buy?

[Slingblade]

Hey sling, you still got that R? The one that was texas tipped?

Still got it. Still not running. Can't really decide if it's worth restoring.

dksix, You and I both missed a deal a few months back on a decent, running 85 R on CL, $750. And it was closer to you than me. I called the guy, but I was out of town at the time and of course it only lasted 1 day.

There's still a few around, you'll just have to beat me there if it's a deal. Seriously, if I hear of one down here in AL. I'll let you know.

[dksix]

Slingblade, I found this one http://atlanta.craigslist.org/nat/bar/2353009269.html . I'm thinking about checking into this one. It's less than 5 hours away from me. I think it's a little over priced. I'd give 5 for it, based on the pic and description. If the brakes, lighting and engine was good, it would be right down my alley. It's listed in 2 different adds with 2 different locations and pictures. http://atlanta.craigslist.org/nat/mcy/2351963844.html , things like that always makes me suspicious. I don't mind doing cosmetic work but my skills in engine work is weak at best.
As far as Frank Destra, I googled him and there seems to be some conflicting information about dealing with him. Allot of people has nothing but great things to say about dealing with him and then he gets banned for shady dealings. I read a few old threads about this last night and really don't know what to think. It's not that much that I mind taking a chance and getting beat but with something to much I'm going to have to tell the wife up front and if I get ripped, I'll never here the end of it. The other thing is, my wife and her sibling's are selling some inherited property later this month and if I wait til then I'd say she'd let me buy it out of the family money. Our deal is that I can have all the junk I want but I have to keep it inside and have to pay for it out of the money I make on the side. The side money is sort of reserved for the welder and is short right now because I've been buying stuff for a new oven, booth and blast room that I will build later this year. Too many things to do and not enough time or money to do them all at once. I buy stuff when I find bargains and I have the money, which always keeps my in pocket low. I've never been able to save money, so buying in chucks works best for me.

[Howdy]

The loans you can take out of your 401K are the schizzle. Like you said you get the money now, pay pay it back as if it were a loan but the interest you would have to pay goes in your 401K account. Win Win, you have a new 3 wheeler and you end up adding to your retirement.

I took loan out on my 401k to pay the ex for her 1/2 of the house. It cost me 5% back to myself. In just the past 8 months the rest of my 401k has earned 17% so it cost me a bunch more than expected. I am now trying to get the loan paid off as quick as possible. lol
Howdy

[Chazz of Blades]

Frank D never *Had* any shady dealings though, thats where false information turns to rumor and slander. I'd bet my left nut that he'd be the biggest asset to this board.

[jb2wheels]

Oh, nice jb2wheels, the voice of REEEEAAASON! We used to call guys like you a buzz-kill.

I know - what was I thinking ? ;-)

I do understand to whole travel to get a toy thing though - I once flew to New York to buy a car only seen in pictures and drive back to Texas. And my dad and I drove from Austin TX to Detroit and back in 52 hours 2 years ago to pick up a classic Suzuki.

Road trips are great. Debt sucks.