by marley4818 » Mon Jan 31, 2011 10:25 am
payoff on loan is 11,000
car was worth 2,500 before accident
damage to car is 6,000
no insurance due to financial reasons
made every payment for last 2.5 years
car was worth 2,500 before accident
damage to car is 6,000
no insurance due to financial reasons
made every payment for last 2.5 years
Posted: Mon Jan 31, 2011 02:28 pm Post Subject:
Not sure what you are looking for but I see 2 huge strikes... your owing _$11,000_ on a $2,500 vehicle?????? Also, you not having insurance (not that it would matter much.
I don't know if I've ever heard of anyone being that upside down in a loan. I'm going to "guess" that you rolled several loans into this and/or took a loan from the mob.
At some point you need to make a plan on how to get out of the whole you have dug. Do you have mass transit in your area?
Posted: Mon Jan 31, 2011 07:12 pm Post Subject:
actually, one loan, bought car before market took shit, car value dropped like everything else, and the no insurance thing, again, financial situation, food and a roof or insurance. looking for feedback as to options, not your comments on my situation, i know its a bad situation, dont need you to "guess" anything, you have legal advice, please share, you dont, go f your mother
Posted: Tue Feb 01, 2011 03:23 am Post Subject:
actually, one loan, bought car before market took shit, car value dropped like everything else
I'm sorry but I must say.... pleeeese.... a vehicle lost 500% of it's value because of the stock market?you dont, go f your mother
I'm beginning to understand why you are in this situation... and why you don't mind trying to peddle such BS.My advice would be to get a bus pass.
Posted: Tue Feb 01, 2011 05:02 am Post Subject:
actually, yes it did, no bs, i got rolled by carmax, and trying to peddle bs, yeah not so much. this is my situation, it is what it is. glad you feel big by talking shit about other peoples situations on the internet
Posted: Tue Feb 01, 2011 06:14 am Post Subject:
So CarMax was asking for 500% over retail value? Sorry... that just does not happen. Carmax marks vehicles up about $1000 above retail and then they charge about $500 in "fees" to make a profit. They don't mark cars up 5 times their value. Perhaps a warranty and a ton of other things were included in the deal?
There is no way around owing $11,000 and not having insurance. Contact your lien holder and explain the situation. Sometime that may force place 1st party coverage to protect themselves. But this does not mean someone still won't seek recovery. See if you can work out a deal with the lien holder.
My point is that you are in a _huge_ hole. Something got you into that hole. The important thing is not to get even deeper trying to get out. You may need to start taking mass transit. You may need to start working two jobs. But you need to draw up a plan on how to get out of that hole.
You also don't want to hear this but you need to stand behind your actions. Don't blame Carmax, the economy, etc.
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