I'm in tears... I am selling my Chevelle

[AM.MSCL]

Fully understand your position and the best of luck and choices for you family is what matters most.

May I suggest in case you have not thought of this already. Sell the car to your dad or brother with a couple of clauses attached.
1. Once you get back on your family back on stable ground financially you have the right to buy the car back at the same price they paid you for it.
2. In the case that some they run in to an issue that they need to sell it you and/or the other that did not buy have 1st right of refusal to buy it.
3. In case their time comes to an end the car must goes back to you.

I would be willing to live with seeing it in their garage knowing that someday I have the ability to get the car back. Instead of seeing it go away and never knowing that I dont.

[68MaroSam]

You know when I was down on money. I told myself I could just park the car in my garage. It isn't costing me anything there, only a parking spot. My truck wouldn't fit in it then anyway. Then after I was able to get money for the car. I started working on it again. Maybe that is an option for you. Sell the wifes car. Get something cheaper, gas efficient and then when the money catches up. Start working on the Chevelle again. Just an option. Now my money is way better situation and I have been working on my car for the past 2 years like never before. Whatever you do. I wish you the best of luck. I think you are doing a great thing taking care of family first. Good luck.

[byndbad914]

http://www.break.com/index/how-we-go...rime-mess.html

hope you can find humor in that somehow... a friend that is a mortgage banker here in CO posted that on a different forum. I agree - I cannot believe that not only were large banks allowed to make loans that were known (common sense) to be highly volatile loans, but then the gov't will step in with our tax dollars and secure those loans up to $29 Billion to bail THEM out. Unreal. And the fact that they wrapped those notes up into tidy investment portfolios, gave them slick names and then both of the major "ratings" houses rated that junk debt A grade (!!!!BULL****!!!!) and somebody isn't going to jail is beyond me.

Most of the world blames the U.S. for the economy due to these loans. Not too long ago I even saw an official of New Zealand directly blaming the US for their slowing economy and specifically the sub-prime farce. Look at our dollar for instance. We really F'd up here.

That said... stick with it. I damn near destroyed myself financially just a few years ago trying my own business. IF it had worked, well, it would have been great and a liberating environment, but it didn't and now I am back workin' for the man hahaha. It sucked and I was VERY delusional at one point and really was considering if it was really worth the fight on a day to day basis, but it is and everything works out. I am King of one step up and two steps back... my friends even refer to the "Anderson Luck Factor" which = 10, since about 1989 like your marriage (I was a senior in High School and my friend made that up then. It stuck) That means if there is a 10% chance of failure, I somehow have a 10% * 10 = 100% guaranteed chance of failure. I have just sorta learned to live with it

I even went to biz school, analyzed the biz plan etc etc and it was "certain" to work out and was such a hit. Well, it lasted about a year and liked to have killed me is the short answer.

[ProTouring442]

I don't know you, but I understand where you are coming from. As for starting over at 40, that can be a blessing instead of a curse. After all, you are much more mature and possess a greater amount of wisdom than you did the last time you started out. Here's a little tale for you:

A man who was over 60 was once offered $200K for his gas station/restaurant/hotel business, but he turned it down. He just wasn't ready to retire yet. Only a few years later though he found himself broke as the state had bypassed his establishment with a new interstate highway. Now, at 65 years old, he found he had to start over again.

Many men would have sat and cried, and this one might have done so as well, but he decided he wasn't going to give up. He knew where his strength lay, and so he set out to change his fortunes. He packed what he knew into his car, and set out to try and sell his idea. Many times he even slept in the car, as he didn't have enough money to get a hotel. Still, he pushed on.

In inly a few years, this man had built the largest franchise organization of its type in the world. On TV we saw him over and over, plugging his new organization, and we loved his product.

The man? Col. Sanders, and the product was Kentucky Fried Chicken. It's never too late to start over, and many times it can be the best thing that ever happened to us.

Shiny Side Up!
Bill

[tones2SS]

Alan, like the others on this forum have said, at least you have family and health. I know it is tough, but you can ALWAYS buy another car down the line sometime. BEST OF LUCK!!!

[67velle]

Alan, keep your head up...........family first. As you work through this keep the interest up by hanging out on lat G. This is a great way to stand back and see what you want to build with more knowledge than ever!!!! You have already learned so much about your wife. I have had to sell things before, for the best of the family, when we got back on our feet and did another car it was extra special. Now we go for ice cream, being sure not to take this time for granted. TODD 67velle

[ZMAN1969]

Alan - Kudos to you and your sacrifices. your wifes offer was super. you made a good choice as the kids need your help! after being married for 27 years and my wife raised our 3 kids and did a great job - I am so thankful for her super strength. if your car goes to your dad or brother you know it aint far. One of my best friends went through a divorce and lost all his cars and ultimatly his life. It was horrible watching the down hill slide - I always thougt he'd bounce back. His family and I are still trying to hold it together, he made some bad choices and we all miss him. be thankful for what you have as its just a car, and being in the family you know its not gone. hang in there

[R67Chevelle]

Sorry I have not given the latest... All of the posts have been such an encouragement and I never anticipated any of this. My wife has been insistent on me waiting and giving things about another month or so before doing anything. I have mostly worked for myself for the past 17 years and its hard to think about working for someone else. I am so suprised in the job market of the stupid games played by people. I got to stop complaining now and get on the bull and ride the dang thing...

All the encouragement and advice have been taken and will be used.

Blessings,
ALAN

[pavell]

cars can always be replaced, family members cannot.

family comes first. you sir have your priorities straight.

sometimes you have to do what you have to do, and in the end you and i we are all gearhead and love our cars. but in the end its still just a piece of sheetmetal..