"RogerN" wrote in message
...

"Spehro Pefhany" wrote in message
...
On Sun, 14 Feb 2010 14:34:48 -0600, the renowned "RogerN"
wrote:


"Gerry" wrote in message
...
On Feb 14, 12:25 pm, "RogerN" wrote:
My wife had an auto accident Friday and now needs something to drive to
work. In short, I should get my income tax money this Friday, I'm
wanting
to get cash now and pay it off this Friday, it will save me $2000 over
being
forced to buy from a dealer for the auto we are wanting. I've found
several
auto's I like at dealers for the $7K-$8K range, I found some I like
better
from individuals for the $5K range (same model, newer, lower miles, $2k
less). But either way I go about it, having the cash gives me leverage
at
the dealer or the option to buy from a private seller.

Are their credit card cash advances that actually give you cash? Or how
about pre-approved financing? Will financing companies approve you for
a
set
amount based on book value?

RogerN
/
/My son got an advance on his tax refund from HR Block three years ago
/and man did he get f'd. He got only 60% of his refund and HRB took the
/rest. I'd wait if I were you

That's a heck of a rip-off. I was thinking about getting a cash advance
for
a 3% fee and then paying the card off before the high cash-advance rate
was
charged. Or I could balance transfer a portion and use the tax refund
money
to pay higher interest balances.

Will an ATM or bank give you a cash advance on a credit card? I don't
want
the 20+% interest rate but since I can pay it off in a week it wouldn't
matter.

RogerN

You will pay 20%-ish interest on the entire balance, not just the cash
advance, until ALL the balance is paid off. This is the kind of thing
that gets people into trouble.

If you have a margin brokerage account with some marginable securities
you can borrow against those at a very reasonable rate (as the loan is
fully secured).



Best regards,
Spehro Pefhany
--

I have a few cards with zero balance, I could get a cash advance, and pay
it back to a zero balance in a weeks time if I can get the cash out
instantly. I think I could make an offer and save enough money to pay the
cash advance fee and then some. I can wait a week but it puts an
inconvenience on those helping us.

RogerN



Rent a car for a week. There are rentals for not that much a day. Rent a
Wreck etc.