Quote Originally Posted by Mr. KiDD
never take out a loan to do modifications to a car or to do body work.

You will be paying interest on something that DEPRECIATES.

Not a wise move
I've heard that angle before, but i found it interesting - for example, id say probably the most common loan out there is a car loan, and most cars certainly depreciate with age. My perspective is really more this: I want a credit booster, and a properly repaid loan is a good one way to nudge your score up. I need body work done, and Id love to have it done by summer, so why not use the money for that? Lets face it: If any of us were in the business of making the absolute most sound and sensical financial decisions, none of us would be on IA to begin with - modifying cars is a huge money pit in and of itself.

edit - and its also really not so much a MODIFICATION issue - the car is damaged and needs to be repaired.

regardless, im not one of those super-dense kids that wont hear any opinion other than my own, so please, if my logic is faulty here, or im missing a particularly vital point, please point it out to me.