.- Look forward to that future "payday"!

Thanks to your thread I've realized that I liken Dave Ramsey to lukewarm pizza:Cold pizza would be having a lot of bad debt (credit cards, payday loans, etc.) and paying interest on that debtLukewarm pizza is Dave Ramsey: not having debt and paying cash for everything.

It might be a lower payday, but it seems like a safer way to do it. 

Greedy payday lender IMO. 

It's because they are making a big payday when they sell to you, and then they take most of the profit in management fees, leaving you with all the risk.

It's not typical that everything is paid upfront the way they did (people usually pay day of move-in).

Annualized, you will pay a whopping 184% for this money.These are payday loan rates.

If the mortage company decides to pay it then you get your 20% of the 50K, a $10,000 payday.

Most lenders who will lend on a vehicle are not going to be giving you good terms... they are sort of right next to the payday loan 'sharks' out there.  

Flipping is alright too, and you can make some huge paydays with them, but those can be a nightmare sometimes too.