Tough decision to make about my baby
01-16-08, 07:45 PM
#1
Tough decision to make about my baby
Hello my fellow GS driving/owning/admiring brother and sisteren.
Today, I got a call and I have to make one of the toughest decisions ever. Do I sell my baby (that I have worked SO hard for) in order to help my mother with saving her house, or do I try to find other means of helping her get the money?
Obviously I am going to help her either way, but should it have to come down to my baby? I've only owned her for 5 months, just started to make her my own and mod it, and now I'm faced with selling her, just to help out.
Have any of you ever been faced with a decision like this?
Today, I got a call and I have to make one of the toughest decisions ever. Do I sell my baby (that I have worked SO hard for) in order to help my mother with saving her house, or do I try to find other means of helping her get the money?
Obviously I am going to help her either way, but should it have to come down to my baby? I've only owned her for 5 months, just started to make her my own and mod it, and now I'm faced with selling her, just to help out.
Have any of you ever been faced with a decision like this?
01-16-08, 07:53 PM
#3
Dude its your mother or a car. There are plenty of GS's out there to play with someday. For now its about saving a house and your mother's credit. You've had the car for 5 months......she's been there your whole life. (And don't consider that time that she couldn't get you those Nike's when you were 13 and made you mad.)
01-16-08, 07:53 PM
#4
As long as You arent too attached to the car yet ... you can get one later with a better Value ... Best of luck with family issues ..
Btw I have been a mortgage broker ... If the loan will keep adjusting after you help out ... maybe it might be time to walk away too ? Best luck and decisions
01-16-08, 08:01 PM
#5
Dude its your mother or a car. There are plenty of GS's out there to play with someday. For now its about saving a house and your mother's credit. You've had the car for 5 months......she's been there your whole life. (And don't consider that time that she couldn't get you those Nike's when you were 13 and made you mad.)
pxrlex,
Goodness man. I've never seen/heard anything like what my mom is going through. Her original place she got her house loan from went bankrupt about 2 or 3 years ago, and somewhere along the way, they lost the records of her paying. So I have basically been funding her lawyer fees, most of her house note, and what not to fix the issue.
Well about 3 months back, we get a letter saying she's going to get foreclosed on if we didnt come up with 7,000 by the end of the week. I got it and we paid for it.
Now she's trying to refinance it, and get into a fixed rate, and what do you know, the place that she pays her stuff too says they can't do it, b/c her credit went to **** after that whole ordeal. They say a lot of her stuff is in collections (which it shouldnt be, b/c we payed it)
01-16-08, 08:14 PM
#7
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Dude its your mother or a car. There are plenty of GS's out there to play with someday. For now its about saving a house and your mother's credit. You've had the car for 5 months......she's been there your whole life. (And don't consider that time that she couldn't get you those Nike's when you were 13 and made you mad.)
Try other means...maybe a loan on your name?
But worst comes to worst...save your mom's house!!
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01-16-08, 08:15 PM
#8
1. Think of what you don't like about your car (i.e. wish it was a V8 , wish it had a black interior, whatever). Look forward to that in your next car.
2. Think of how much you love your mom. If your shallow, you can also think about what you'll inherit someday. If you're noble, you'll know that giving what it was hardest for you to do so has made you a stronger person. Cheesy, but true. Its building character. Besides, wouldn't you feeling guilty driving a Lexus while your mother is losing sleep/her house? Kinda ruins the experience of owning it.
3. You've had the car for 5 months, so its not a racecar you've poured your life savings into in hopes of winning Nascar. My opinion may not be popular, but its just a Lexus GS. Not a '67 Shelby or a '58 Ferrari. You'll get another one.
4. Set a goal for buying your next GS and stick to it. You shouldn't have to babysit this fiasco forever, so stay on that lawyer's A$$ and make sure he's taking care of your business. Then buy your car back.
2. Think of how much you love your mom. If your shallow, you can also think about what you'll inherit someday. If you're noble, you'll know that giving what it was hardest for you to do so has made you a stronger person. Cheesy, but true. Its building character. Besides, wouldn't you feeling guilty driving a Lexus while your mother is losing sleep/her house? Kinda ruins the experience of owning it.
3. You've had the car for 5 months, so its not a racecar you've poured your life savings into in hopes of winning Nascar. My opinion may not be popular, but its just a Lexus GS. Not a '67 Shelby or a '58 Ferrari. You'll get another one.
4. Set a goal for buying your next GS and stick to it. You shouldn't have to babysit this fiasco forever, so stay on that lawyer's A$$ and make sure he's taking care of your business. Then buy your car back.
01-16-08, 08:16 PM
#9
Not to mention, I am trying to expand my business while working full time, so I never have the time to just sit and talk it out with her. And when we do, she just breaks down in tears
(which I know how that feels like) b/c she feels so helpless. And thinks she's a burden to me. Which at this point, the way I see it is that she's help me become a man, but where do you draw the line.
Meaning, how much money do you put up for something that seems like a lost hope. Within the last year, with ALL this mess, i've definetly put up over 20,xxx just to help keep this place. And that creates a strain with me and my g/f (who I live with) as well.
I really just want to drive somewhere and yell until I can't yell anymore.
01-16-08, 10:52 PM
#10
MikeyK02, I'm feelin' you brother...feelin' you. I'm quite similar in the same boat as you are right now. I decided to let my GS go soon, family always comes first. you can change car as many as you want, but family can't be changed.
think this way, if you do a huge favor to your family (mom), GOD will pay you back TWICE...even more if you're lucky. Do it willingly, and you'll be surprise how GOD will pay you back someday.
Once Michael Jordan said
Don't walk away, don't drive away from this situation. Face it, and you will become a different person after it's all said and done.
Wish you the best of luck MikeyK02. Let GS go and think positive, you might get IS-F sometimes next 2 year. Hey....you never know
think this way, if you do a huge favor to your family (mom), GOD will pay you back TWICE...even more if you're lucky. Do it willingly, and you'll be surprise how GOD will pay you back someday.
Once Michael Jordan said
If you're trying to achieve, there will be roadblocks. I've had them; everybody has had them. But obstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out how to climb it, go through it, or work around it.
Wish you the best of luck MikeyK02. Let GS go and think positive, you might get IS-F sometimes next 2 year. Hey....you never know
01-17-08, 12:03 AM
#12
Lexus Champion
best of luck to with whatever you decide....but as others have eluded to, the car can always be replaced down the line with something similar and probably of better value, but the house (if it can be saved) would appear to be the bigger priority.
Like pxrlex, Im in the mtg industry too but as an underwriter, and I see so many foreclosures and short sales come thru my desk everyday now. I see refinances daily for people trying to get out of their adjustable rate mortgages. And while I would love to get them all approved, guidelines have changed so much that these borrowers no longer qualify....and many are forced to walk away from their properties.
Again, best of luck and best wishes to you and your mom...I hope things work out somehow.
Like pxrlex, Im in the mtg industry too but as an underwriter, and I see so many foreclosures and short sales come thru my desk everyday now. I see refinances daily for people trying to get out of their adjustable rate mortgages. And while I would love to get them all approved, guidelines have changed so much that these borrowers no longer qualify....and many are forced to walk away from their properties.
Again, best of luck and best wishes to you and your mom...I hope things work out somehow.
01-17-08, 03:20 AM
#14
hmmm- ditch a depreciating asset to help pay for an asset that is currently appreciating or soon will be (when the housing market recovers)...
in my honest opinion - sell the ride man. pick up an old school LS400 and give the leftover cash to the mom. when it's family, there's no need to think twice.
c.
in my honest opinion - sell the ride man. pick up an old school LS400 and give the leftover cash to the mom. when it's family, there's no need to think twice.
c.
01-17-08, 08:06 AM
#15
Hey all,
I appreciate all the imput. And I guess I came off a little wrong last night. Meaning I obviously am going to help my mom in this situation. I just wanted to see if any of you ever just felt helpless on a situation such as this.
After shelling out 20K plus on a house, that I dont even live in, I wanted to see when you would draw the line? Would you keep putting money into what seems to be a hole, or money pit...only to find out a few months later that something else is wrong.
It sounds bad but yeah. I guess it's just me ranting. I hope this situation is something no one else has to go through.
I appreciate all the imput. And I guess I came off a little wrong last night. Meaning I obviously am going to help my mom in this situation. I just wanted to see if any of you ever just felt helpless on a situation such as this.
After shelling out 20K plus on a house, that I dont even live in, I wanted to see when you would draw the line? Would you keep putting money into what seems to be a hole, or money pit...only to find out a few months later that something else is wrong.
It sounds bad but yeah. I guess it's just me ranting. I hope this situation is something no one else has to go through.