When I bought my Toyota Tundra pickup truck in 2005, my wife went through the roof. She thought it was an poor use of money when we should be saving to buy a house. But even though I didn’t plan it this way, it was actually a good investment.
First understand that we had an illness in the family. Our insurance didn’t cover much of the expenses at all and it cost a lot out of pocket. So that left us with some big bills and bad credit. Our son is ok now, but we’re still paying off debts and still have bad credit.
As for the house idea, if we somehow had been able to buy a house back then, chances are it would be worth a lot less today anyway.
After a series of floods and other disasters in the Chicago area and the midwest, I realized there is work for guys with trucks, hauling debris on jobs where bigger trucks don’t work. It’s good work, paying almost three times what I make in my regular job. But to take advantage, I would have to go without pay for as much as two months. I’d be a subcontractor to a subcontractor, depending on everyone else getting paid before me.
We have rent to cover, plus health insurance, credit cards, truck payments, food and old debt. We need a steady flow of fast cash.
Everyone in our families are strapped in this economy, just like the banks. The answer was Chicago Title Loans. Their online application is simple and fast. By the next morning, the money is in your bank account. They’re the just in time auto title loans company. My wife agrees with me now: that truck turned out to be a smart investment in the end.