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<<Tomorrow I borrow the car's trade in value from my 401K to get it painted (if there is any money left).>>
Very smart finacially. You not only get an net interest free loan (interest you pay to a 401K loan goes into the 401k you own) but you get to put in more than the max contribution limits.
Basically you are gving yourself a loan and you pay yourself the interest. Its a great plan, but
I have heard that some 401K managing companies are actually talking about cutting into your business and stealing some of the interest as "administrative fees"... crooks.
Doug
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1992 LS Touring (6/91) - Currently undergoing a five speed swap
Black over Claret with spoiler; 235,000 miles; Mods: 2002 Legacy 5 speed, ACT Pressure Plate, Excedy Clutch, Short Throw Shifter, Aussie Powerchip
1992 LS Touring (6/91)
Black over Claret with 2.5" setback spoiler; 202,000 miles; Mods: B&M Cooler
1994 LSi (4/93)
Bordeaux Pearl; 198,000 miles; Mods: Weight reduction.
1969 Mustang GT Convertible
1970 Mustang Convertible
2000 Ford ExcursionSola lingua bona est lingua mortua.
My Locker
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