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-   -   Life Advising a friend. (https://chiefsplanet.com/BB/showthread.php?t=220036)

Mile High Mania 12-17-2009 09:03 AM

A Ford what?

She should see what the KBB value is... likely extremely low, less than $5k. Go to a place like CarMax... get a quote for what they would give her. And, then try to work something out to where they pay the note, take the car and then roll what is owed into a payment towards another vehicle.

kepp 12-17-2009 09:06 AM

Quote:

Originally Posted by WilliamTheIrish (Post 6352944)
Mic, I recall a similar story (possibly a title loan(?) from you about another friend). Is this the same person?

Let her learn the lesson.

This. I hate to say it, but some people can not be taught...they have to learn it for themselves, and usually the hard way. I have a friend who is like this. Living beyond his means (against advice) and behind on bills/car payment because of it. Car (SUV that was way too expensive for him) got repossessed and I told him to go find an old Civic for $3K and drive that for another 75K miles until he got his finances back in order. Instead, he pays $3K for a beat up, unreliable Saab and it breaks down six weeks later. Wash/rinse/repeat - eventually he'll learn.

Micjones 12-17-2009 09:45 AM

Quote:

Originally Posted by Saul Good (Post 6353667)
Jeez, Mic. What kind of riffraff do you associate with? Payday loans, adultery, shady car deals...must be all that hiphop music. (I'm going to add a sarcasm disclaimer here just in case it wasn't obvious)

I also associate with poets with Masters degrees, Cal-Berkley musicians, and ministers but their stories aren't as interesting.
ROFL

Micjones 12-17-2009 09:50 AM

Quote:

Originally Posted by Mile High Mania (Post 6354150)
A Ford what?

She should see what the KBB value is... likely extremely low, less than $5k. Go to a place like CarMax... get a quote for what they would give her. And, then try to work something out to where they pay the note, take the car and then roll what is owed into a payment towards another vehicle.

She'd be upside down in a new loan.
I doubt seriously that the car is worth a fourth of what she owes on it. She would be carrying over thousands of dollars onto the next contract and would have to put thousands of dollars down to make that work.

Micjones 12-17-2009 09:53 AM

Last night a friend mentioned to me that there might've been a 30-day guarantee written into the contract. That MIGHT free her from the contract, but they're already stringing her along... So I'm guessing they'd tie this thing up until that was null and void.

Bwana 12-17-2009 09:58 AM

Quote:

Originally Posted by Micjones (Post 6354347)
Last night a friend mentioned to me that there might've been a 30-day guarantee written into the contract. That MIGHT free her from the contract, but they're already stringing her along... So I'm guessing they'd tie this thing up until that was null and void.

30 day guarantee of what? I would think that would pertain to major mechanical issues?

Bugeater 12-17-2009 09:59 AM

Quote:

Originally Posted by Micjones (Post 6354347)
Last night a friend mentioned to me that there might've been a 30-day guarantee written into the contract. That MIGHT free her from the contract, but they're already stringing her along... So I'm guessing they'd tie this thing up until that was null and void.

You said in the OP she's already made a few payments, how is that possible if she has only had the car less than 30 days? Is she making weekly payments?

Fairplay 12-17-2009 10:05 AM

You are known by the company you keep.

Micjones 12-17-2009 04:06 PM

Quote:

Originally Posted by Fairplay (Post 6354394)
You are known by the company you keep.

And I'm damn certain your friends regret that...
And while we're at it... That applies to the character of an individual not their financial choices, but...
I wouldn't expect you to know that. So I'll just nod and pretend you got it right. No worries.

Micjones 12-17-2009 04:08 PM

Quote:

Originally Posted by Bugeater (Post 6354373)
You said in the OP she's already made a few payments, how is that possible if she has only had the car less than 30 days? Is she making weekly payments?

It's either weekly or bi-weekly.

Micjones 12-17-2009 04:08 PM

Quote:

Originally Posted by Bwana (Post 6354368)
30 day guarantee of what? I would think that would pertain to major mechanical issues?

I'm fairly certain it is a major mechanical issue.
At last we spoke they said they were consulting Ford to determine the situation with her engine and that the "brains" of the car were shot to shit.

Rain Man 12-17-2009 04:12 PM

Quote:

Originally Posted by Fairplay (Post 6354394)
You are known by the company you keep.

That's it. I'm leaving Chiefsplanet forever. Goodbye, everyone.

The Franchise 12-17-2009 04:15 PM

Quote:

Originally Posted by Rain Man (Post 6355464)
That's it. I'm leaving Chiefsplanet forever. Goodbye, everyone.

Wait....start a thread first before you leave.

Bugeater 12-17-2009 04:38 PM

Quote:

Originally Posted by Micjones (Post 6355450)
I'm fairly certain it is a major mechanical issue.
At last we spoke they said they were consulting Ford to determine the situation with her engine and that the "brains" of the car were shot to shit.

Well that changes everything, if she just bought the car less than 30 days ago and it already has a major mechanical issue, I would think at the very least the dealership should help get her into another car, depending on the amount of money she put down they may not have much to gain by letting her walk away from the deal. At first I thought this was just a case of buyer's remorse.

Mr. Flopnuts 12-17-2009 04:41 PM

Quote:

Originally Posted by Bugeater (Post 6355517)
Well that changes everything, if she just bought the car less than 30 days ago and it already has a major mechanical issue, I would think at the very least the dealership should help get her into another car, depending on the amount of money she put down they may not have much to gain by letting her walk away from the deal. At first I thought this was just a case of buyer's remorse.

They won't. And if they have paperwork showing the car was inspected before she bought it, she's ****ed.


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