# Got my wife a new ride \*56k beware\*

**URL:** https://forums.speedlife.net/t/got-my-wife-a-new-ride-56k-beware/28938
**Category:** NYSpeed Automotive
**Created:** [May 7, 2007, 7:32pm UTC](https://forums.speedlife.net/t/got-my-wife-a-new-ride-56k-beware/28938 "2007-05-07T19:32:58Z")
**Posts on this page:** 1
**Showing post:** 32

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### Author: ![Boomin99GT](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boomin99gt/32/7306_2.png) [@Boomin99GT](https://forums.speedlife.net/u/Boomin99GT)
#### Post date: [May 8, 2007, 10:06pm UTC](https://forums.speedlife.net/t/got-my-wife-a-new-ride-56k-beware/28938/32 "2007-05-08T22:06:10Z")

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It has nothing to do with tax writeoffs or anything. In my current job the house will most likely be paid off within a year. I did it to establish credit in commercial loans. Showing that I can pay off such a large commercial loan in 1 year or less will then allow me to take a larger loan next time to buy a building. Getting a regular mortgage and paying it off in 1 year would not look too good on credit, the bank even told me they tend to frown upon people paying off 30 year loans in 1 year.

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