Overheated to 250, died on side of highway, left stranded

[jrblackman]

Originally Posted by 986_inquiry

i.... use to be a real estate investor, buying and flipping and renting and short sales and all that, and you learn very quickly not to tie all your money up in a single project, that even if you have money, it's much better to borrow what's needed, that way you can have a dozen projects going on at once, rather than one project

Yeah that worked out real well for a lot of people in 2008.

[986_inquiry]

Originally Posted by jrblackman

Yeah that worked out real well for a lot of people in 2008.

yeah... well, lol, we could harp on that for.... wait, how many years has the media been beating that one? 6-ish? yeah.....

still makes sense, don't sink all your money in one boat, because if that boat sinks you're SOL

[986_inquiry]

question and answer with Reid Vann

as you guys know I received a $7,000 estimate for a used 2.5 installed. I sent the following questions:

1. do you offer any type of financing? Down payment, pay the rest over a few months?

2. If I brought in my own engine, would the labor and parts price be the same?

3. Is the engine salvageable at all? Can it be rebuilt?

4. Is there any useful engine parts remaining? Pistons? Etc?

5. How much do I owe Reid Vann in total (taxes, fees, etc) right now?

6. If I decide to have the vehicle moved until I can afford repairs or, god forbid, I part out the vehicle, will there be any kind of storage fee or lot usage fee for having it on your lot? When do I have to have it moved by to avoid fees?

Answers:

1. We do not offer any financing.

2. Yes it will stay the same.

3. You will need to disassemble the engine to evaluate the total damage first.

4. It depends on the extent of the damage.

5. $67.29

6. It can stay here for 10 business days starting Monday July 30th with storage charges.

[986_inquiry]

I spoke with the lender, told them the situation

Basically, my best option for getting a working Boxster ASAP for the least amount of $ would be to trade in the boxster with blown engine on cheapy car, wrap the loan up with cheapy car loan, and then when they find another boxster, wrap the loan up with that. They said if they had a buyer waiting they could find a good boxster in a few months at most.

Even though I've only had it 8 months I've paid off a lot, (short loan, not 60 months or anything) and if they give me anything for trade-in + new loan on the cheapy car would probably bring me close to where my original loan started at so my payments shouldn't go up much if at all, i'll just be driving a Corolla instead of a Boxster

Then when they find a boxster i could trade in the cheap corolla

or keep renting car @ $600/mo + pay loan on boxster, which I can afford, but I would rather put that $600/mo towards another Boxster down payment and use the loan on boxster to pay off cheap car

this is all assuming i'm able to get another loan on cheap car. They claimed they pulled credit and I'm good, but I've heard that before.

Dealer is closed on Sundays and I'm busy during the week, I'll go see what they have next weekend.

if this works, this would put me out.... maybe nothing, right now, since i have a trade-in, they might not need a down payment on cheapy car, although since trade-in not running....? So, at most, it will be small down payment now, continue normal loan payments, and use $$$$ i'm currently spending on rental towards down payment on.... S? Hopefully? We'll see.

this might work out for the best after all..... :dance: ... karma? Ok sure it would have been better to just trade in the base on a S, but had this not happened I would not even have considered that option, but because of this there is a possibility I will be driving a S before 2013

[986_inquiry]

Originally Posted by 986_inquiry

I spoke with the lender, told them the situation

Basically, my best option for getting a working Boxster ASAP for the least amount of $ would be to trade in the boxster with blown engine on cheapy car, wrap the loan up with cheapy car loan, and then when they find another boxster, wrap the loan up with that. They said if they had a buyer waiting they could find a good boxster in a few months at most.

Even though I've only had it 8 months I've paid off a lot, (short loan, not 60 months or anything) and if they give me anything for trade-in + new loan on the cheapy car would probably bring me close to where my original loan started at so my payments shouldn't go up much if at all, i'll just be driving a Corolla instead of a Boxster

Then when they find a boxster i could trade in the cheap corolla

or keep renting car @ $600/mo + pay loan on boxster, which I can afford, but I would rather put that $600/mo towards another Boxster down payment and use the loan on boxster to pay off cheap car

this is all assuming i'm able to get another loan on cheap car. They claimed they pulled credit and I'm good, but I've heard that before.

Dealer is closed on Sundays and I'm busy during the week, I'll go see what they have next weekend.

if this works, this would put me out.... maybe nothing, right now, since i have a trade-in, they might not need a down payment on cheapy car, although since trade-in not running....? So, at most, it will be small down payment now, continue normal loan payments, and use $$$$ i'm currently spending on rental towards down payment on.... S? Hopefully? We'll see.

this might work out for the best after all..... :dance: ... karma? Ok sure it would have been better to just trade in the base on a S, but had this not happened I would not even have considered that option, but because of this there is a possibility I will be driving a S before 2013

i'm still debating. Looking at used car prices today, looks like prices have been going up? Seems like I"m not the only one that noticed
Used-Car Prices Are on the Rise - WSJ.com


so... maybe it would be better to get a 4g beater (forget 1g cars, that's history, you're lucky if you can get anything that runs under 2g), wrap the loan up with existing loan, and swap engines in a few months? Then I'll have two cars, and a new used 2.5 engine with IMS done

[stephen wilson]

Don't kid yourself, Reid Vann isn't going to "warranty" a used engine any more than Jake can. At least Jake is honest about it!