Dilemma

[Spec]

Originally posted by JohnT
Spec?

Did you happen to check pricing on 2001 Accord V6's?

http://www.edmunds.com/used/2001/honda/accord/100001227/prices.html

http://www.edmunds.com/used/2001/honda/accord/index.html?mktcat=used&kw=2001+accord&mktid=ga324080

That's $5,000 less than "$16,000" you mentioned. Is this car severely tricked out?

16000$ CAD for a V6.

[Spec]

Originally posted by JohnT


Wait...

Who's car is being held here? The gamblers, or his girlfriend "whom you trust" ( )?

Both, but hers is just as a garantee, or a motivation if we could say so. I wont take her car, ever. If he misses a payment she'll back ME up not him, and he prabably wont, he doesn't to dispoint her anymore than he has now.

Oh, and JohnT, the contract is signed, by him, me, her and 2 witnesses.

Spec.

[Spec]

Originally posted by Winston
15% is horrendous when there is collateral offered, if it is a pro annum interest rate, as I suspect it is. And the exploitation assessment rests on the other circumstances also. This guy has no other options, the way it's being presented.

You also have to take into consideration that I'm losing interest and cash flow. If I want to use the money for something else, like buy another house, go on vacation, invest in something, I cant use that money. If he gets a loan in a bank, its 12% right now for 11k$, so 15% is not much.

Spec.

[Spec]

Again, yes I have 2 cars in collateral, but in reality, I will only take his if something ever happens.

I repeat again, her car is just an extra motivation for him.

And no I wont lose her as a friend, her and I go way back and its already agreed, I did this to help him, and if something ever happens, its his fault.

Spec.

[Winston]

Seems to me you already made up your mind in advance of posting this thread. Not a single poster has advised you to get involved in this...

Anyway, since the deal is on, good luck to you Spec.

And my apologies if some of my posts come across as hostile to you. Reading through the thread again, i realise I could've been more diplomatic on a couple of occasions.

[Spec]

Originally posted by Winston
Seems to me you already made up your mind in advance of posting this thread.

You know what, I probably did have my mind already set...I have to much of a big heart. And I didn't want to let HER down.

Spec.

[Arcite]

Originally posted by Spec
Again, yes I have 2 cars in collateral, but in reality, I will only take his if something ever happens.

I repeat again, her car is just an extra motivation for him.

And no I wont lose her as a friend, her and I go way back and its already agreed, I did this to help him, and if something ever happens, its his fault.

Spec.

I don't know you but IMHO you are a fool.

A fool with a big heart, but a fool none the less.

[Gibsie]

So, tell us what you will do the first time he lets you down with a payment...

[Spec]

Oh I will.

Spec.

[Arrian]

Good luck, Spec, but I (along with everybody else, it seems) think you made a mistake.

Here's hoping it works out ok.

-Arrian

[Barnabas]

You are a good guy

[chequita guevara]

Originally posted by Spec
Oh I know I am. But she controls him. She really does,
Spec.

And yet he has $7700 in gambling debts.

You are an idiot, but it's your money.

[chequita guevara]

Originally posted by Winston
I don't lend money out, but if I were to, and had the security of getting the car upon non-fulfilment,

Assuming the car doesn't get repo'd by the bank or get in an accident.

[Spec]

Originally posted by chegitz guevara


And yet he has $7700 in gambling debts.

You are an idiot, but it's your money.

Thank you.

You should know, you're around our group a lot, it really justifies you calling me an idiot.

I can garantee he loves her more than gambling, I'm 100% sure. Hell, the guy was crying yesterday when she signed the contract.

And name calling is not necessary.

Spec.

[JohnT]

You believe in a lot of conspiracy stuff too, don't you?