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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,653
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I would not consider this unless all of the cars are paid for with cash up front.
Recently, I was asked to invest in a flying club that would purchase a small fleet of new Cessnas. The problem was that everybody was going to be personally held liable for all five loans. While it may have worked out okay, I didn't want the risk if some people bailed out and left a few with either huge payments or wrecked credit ratings.
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