A DEAL YOU CAN’T REFUSE?

August 29, 2003

Hey, need some new wheels? How about a 100% loan on a new car: even including tax, title, and tags. Nothing down? Maybe a little short on the monthly? Then no problem, make no payments for one year! How can you refuse? It’s a new car! And, you get a 5 year warranty to boot.

How about a house! Don’t worry about the financing. We can get you a 100% loan, no credit check, and inerest only payments for five years, and then we’ll convert it to a low rate ARM (adjustable rate mortgage). You say you can’t pay the closing costs? Not a problem dude! We’ll add it to the purchase price, mark up the appraisal to include the closing costs, and you get in for nothing down at all. How can you refuse?

Oh, so you need new furniture too? Most stores offer nothing down, no interest and no payments for 1-2 years. Oh better yet, let’s do a package deal. Let’s make you a 125% loan on your house (by way of a second mortgage). If you don’t really need furniture, finance the home for 125% anyway and take the extra and invest in the stock market. Put the extra in a mutual fund (so what if they are down 26% for the year). It’s the excitement!

Come on guys and gals this is America. We need to fight terrorism. We can’t let UBL stop us from shopping, cool down our economy, or step on capitalism! Have we got DEALS for you, or what? If you think I’m kidding or stretching the point, you’ve not been in the market recently.

PS. I can even get you a couple of credit cards with no payments for a year. The only thing I can’t do for you is get you OUT OF DEBT! You’ll have to declare bankruptcy to do that. But, this IS America so call an attorney and get that debt handled.

Written by Ernie · Filed Under Daily Commentary