http://www.bankruptcylawnetwork.com/2007/03/13/in-love-with-a-1996-saturn/ Real Lawyers, Real Solutions Tue, 10 Nov 2009 16:34:06 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.bankruptcylawnetwork.com/2007/03/13/in-love-with-a-1996-saturn/comment-page-1/#comment-121 Stephen Otto, Attorney at Law Tue, 13 Mar 2007 17:16:23 +0000 http://www.bankruptcylawnetwork.com/2007/03/13/in-love-with-a-1996-saturn/#comment-121 An intellectual property attorney I know has a huge and growing practice, with clients who are household names to nearly all of us. Clearly, he could afford to buy himself a very nice car; and clearly, he has credit that would support a very good interest rate on a Mercedes or BMW purchase. But instead of going out and buying a flashy car, he used Ebay to facilitate the purchase of a 2001 Jeep Grand Cherokee for $6,000 cash. The vehicle spent the first five years of its life in Florida, so he knows it's in decent shape. He used a service called www.carfax.com to make sure it didn't have an accident history. This might be a good way to enter Mr. Sherk's "virtuous circle" and stay out of the "vicious cycle". An intellectual property attorney I know has a huge and growing practice, with clients who are household names to nearly all of us. Clearly, he could afford to buy himself a very nice car; and clearly, he has credit that would support a very good interest rate on a Mercedes or BMW purchase. But instead of going out and buying a flashy car, he used Ebay to facilitate the purchase of a 2001 Jeep Grand Cherokee for $6,000 cash. The vehicle spent the first five years of its life in Florida, so he knows it’s in decent shape. He used a service called http://www.carfax.com to make sure it didn’t have an accident history. This might be a good way to enter Mr. Sherk’s “virtuous circle” and stay out of the “vicious cycle”.

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