Life Advising a friend. - Page 6

Micjones · 07:03 PM

So there's this girl at my job who is currently having a Hell of a time with her car dealership. It's one of those "buy here, pay here" lots. Her last car was repo'd after she missed a couple payments so she's been scrambling to find reliable transportation. Turns out that she moved a bit too quickly and took a flyer on a 2002 Ford that has upwards of 100K miles on it. A car that also brings with it a financial responsibility of right around $10,000. Obviously she's going to come out on the losing end of the deal. In all likelihood...the car will shoot craps long before she sees the light at the end of that contract.

So she tells me she's going to ask the dealership to refund both her first few payments and the initial down payment she remitted when she bought the car. Getting that money back is her end game.

I'm trying to talk some sense into her and help her realize that getting that money back at the expense of having this reported as another repo on your credit isn't a fair trade-off.

Am I wrong to suggest to her that the dealership is under NO legal responsibility to let her out of that contract?

She swears that she's going to get another car with an even LESS reputable lot. I tell her that they're going to see the open car loan and tell her to hit the bricks.

She's one of those people who talks her way out of everything with customer service personnel. But those are significantly smaller battles. Removal of NSF fees, refunds on hotel stays, etc. She's convinced she's going to win this fight. I think she's in BIG trouble.

Am I off-base here?

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

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

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.

Micjones · 12-17-2009, 09:50 AM

Quote:

Originally Posted by Mile High Mania

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

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

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

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

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

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

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

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

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

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.

12-16-2009, 06:22 PM
Micjones Whose house? Join Date: Mar 2007 Location: KCMO Casino cash: $10005180	Advising a friend. So there's this girl at my job who is currently having a Hell of a time with her car dealership. It's one of those "buy here, pay here" lots. Her last car was repo'd after she missed a couple payments so she's been scrambling to find reliable transportation. Turns out that she moved a bit too quickly and took a flyer on a 2002 Ford that has upwards of 100K miles on it. A car that also brings with it a financial responsibility of right around $10,000. Obviously she's going to come out on the losing end of the deal. In all likelihood...the car will shoot craps long before she sees the light at the end of that contract. So she tells me she's going to ask the dealership to refund both her first few payments and the initial down payment she remitted when she bought the car. Getting that money back is her end game. I'm trying to talk some sense into her and help her realize that getting that money back at the expense of having this reported as another repo on your credit isn't a fair trade-off. Am I wrong to suggest to her that the dealership is under NO legal responsibility to let her out of that contract? She swears that she's going to get another car with an even LESS reputable lot. I tell her that they're going to see the open car loan and tell her to hit the bricks. She's one of those people who talks her way out of everything with customer service personnel. But those are significantly smaller battles. Removal of NSF fees, refunds on hotel stays, etc. She's convinced she's going to win this fight. I think she's in BIG trouble. Am I off-base here? Last edited by Micjones; 12-16-2009 at 07:03 PM..
Posts: 15,344

12-17-2009, 09:03 AM	#76
Mile High Mania #triggering Join Date: Aug 2000 Location: Tejas Casino cash: $877229	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. __________________
Posts: 30,911

12-17-2009, 09:53 AM	#80
Micjones Whose house? Join Date: Mar 2007 Location: KCMO Casino cash: $10005180	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. __________________ It's like when I'm right I'm right, when I'm wrong I could been right, so I'm still right cause I coulda been wrong.
Posts: 15,344

12-17-2009, 10:05 AM	#83
Fairplay A certain set of skills Join Date: Dec 2003 Location: texas Casino cash: $10026683 VARSITY	You are known by the company you keep.
Posts: 25,265