Auto Trends

bus trips for those who cannot afford cars, originally uploaded by poohies.

If you are looking to save up the money to buy your dream car, here are a few direction we highly recommend NOT taking to attain your goal:

1. Who ever said that you should pay your bills on time? What good credit loser told you that. Due dates are meant to be broken along with your credit rating.

2. Start saving for that dream car tomorrow; today is for buying other things.

3. Follow the “sale” system of money making. Buy $500 worth of stuff at 5% off… and profit $25. The more you buy, the more you save, right?

4. Open as many lines of store credit (Sears, Home Depot, etc.) you can get your hands on; then cancel them right after so that you can open another one later on. This will save you $5 on initial purchases and cost you hundreds of dollars in reduced FICO scores.

5. What is your credit limit? Who cares; they will actually let you go over these for a small fee… of say 15% or so!

6. At the beginning of every Bill paying month if you have a little extra money that you don’t normally have; go on a huge shopping spree to get you down to your normal broke/debt status.

7. Not only should you not pay your bills, but you should throw most of them away. Debt management is much easier to stomach when your head is placed firmly in the sand.

8. Co-sign cars for everybody else in your extended family… especially the ones who you don’t expect to pay.

9. Buy when you’re sad… buy when you’re happy… buy when you’re hungry… but most of all, buy when you can’t afford it!

10. Use your 401 K as a checking account when in doubt of your fund availability.

11. Open up your own car loan service, but instead of setting up monthly payment schedules; base your entire reimbursement on IOU notes written on IHOP napkins.

12. If you own your home; don’t you think it’s about time that you sell and rent instead? Who wants to put money towards a tangible goal?

13. Apply for every credit card offer you receive in the mail. If you receive one that you already have, see if you can get two. If they won’t let you, close your existing account and transfer debt to the new one. I can already hear those FICO scores dropping!