Wednesday, April 8, 2009

Ethics in Economic Decisions

I wrote a post a while back on the immorality of those who strip there houses or defile them when they have entered into foreclosure; a sort of "if I can't have it no one can" mentality. A similar phenomenon is now happening with cars. The affects of the economic downturn is deepening.

In recent news (see the clip here), many people who have over-leveraged themselves on car loans have taken to burning their vehicles and fraudulently claiming that they were stolen and vandalized in order to get out of the loan and collect the insurance money.

As I suggested concerning homes, Christians must have no part of this activity. It amounts to stealing and defrauding your neighbor (the lender and the insurance company). Find a way to sell the vehicle or sell it back to the dealer, accept the penalties and the payments. Those who know Christ must work, not steal (paraphrasing Paul in Eph. 4:28). Better yet, if you can, do not over-leverage yourself in the first place. Live within your means.

If you must sell or give back the car, take it to the car wash, repair what you can, and clean the car out well. Present the car to its "rightful" new owners as if you were presenting it to Christ. It was never really yours to begin with (you never had full ownership unless it was paid-off). In whatever you do, honor Christ. Make him the purpose for all your financial decisions.

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