My Daughter is in college studying to be a teacher.
About a year+ ago, our "family" car was on it's last leg.
Newly divorced as I was my daughter and I went car shopping.
So we agree (my daughter and I) that I will buy her a car, we picked out a Nissan Altima 2006 (it was almost new) and I would pay for it till she graduated (which would have been this comming may) at which time she will assume everything, car payment and insurance. I told her a wise thing to do would be to continue to pay on it for a year maybe two, establish a work history, some credit, some equity in the car and then trade it in on something she really wanted.
Well...she's getting married in December to a good guy and moving to Texas (I'm in Fl). They decide or tell me...they can't afford the car and are basically shoving it up my
So after trying to buy her a car to be safe in...I'm left with 5 years of payments for a car I don't want. I was hoping to free up about $600 a month, maybe even a 2nd bike but noooo...I'm stuck with a car I DO NOT WANT
As they're a young couple, don't want to force the issue...they probably can't afford it but neither really can I at this point.
I can't just sell it cause the reverse chinesse fkn math the banks use on loan (which I'll never understand other than they use the bendoversliderule) I owe more than it's worth at this point in the loan. Don't have any spare cash to make up the difference and even if I did...I got a wedding to help finance
Any magical financial wizardry on tap...maybe a bike dealership that will take a car...I'm just whinning.....waaaaaaa.
About a year+ ago, our "family" car was on it's last leg.
Newly divorced as I was my daughter and I went car shopping.
So we agree (my daughter and I) that I will buy her a car, we picked out a Nissan Altima 2006 (it was almost new) and I would pay for it till she graduated (which would have been this comming may) at which time she will assume everything, car payment and insurance. I told her a wise thing to do would be to continue to pay on it for a year maybe two, establish a work history, some credit, some equity in the car and then trade it in on something she really wanted.
Well...she's getting married in December to a good guy and moving to Texas (I'm in Fl). They decide or tell me...they can't afford the car and are basically shoving it up my
So after trying to buy her a car to be safe in...I'm left with 5 years of payments for a car I don't want. I was hoping to free up about $600 a month, maybe even a 2nd bike but noooo...I'm stuck with a car I DO NOT WANT
As they're a young couple, don't want to force the issue...they probably can't afford it but neither really can I at this point.
I can't just sell it cause the reverse chinesse fkn math the banks use on loan (which I'll never understand other than they use the bendoversliderule) I owe more than it's worth at this point in the loan. Don't have any spare cash to make up the difference and even if I did...I got a wedding to help finance
Any magical financial wizardry on tap...maybe a bike dealership that will take a car...I'm just whinning.....waaaaaaa.