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Automotive News & Views Chronic Car Buyers Anonymous
15360 messages, Last post on Dec 02, 2009 at 4:35 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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| I finally got my '75 2002 on a lift in order to track down a small ATF drip from the radiator. We first thought it was a bad hose clamp, but it turns out the radiator is cracked where the cooler line is attached. Thanks to a fellow 2002 cult member that problem will soon be resolved. While I had the car up in the air I poked around a bit and made several interesting discoveries. I knew that the front passenger floor pan was rusted through, but a close inspection revealed that the unibody frame rail itself is rust free but the floor on either side is rotten; at least it should be an easy fix. The rest of the car also seems to be solid, with no evidence of cost-cutting, tin worm, or PO jury rigs. I also found the reason why the car rides and handles exceptionally well for a 196,000 mile '02; one of the POs had fitted Bilstein HDs at all four corners. Woo-Hoo!!! | |
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Well, my advice was gong to be suck it up, and bottom feed for something cheaper (IOW, a cash and carry). But, it sounds like she already has that, so in essence, it might be easiest to finance the AT repair, and hope the rest of the car holds up. If the Mitsu is otherwise a piece of crud, what is her DP availability? Nada? That's bad. At least if you can scrape up a couple grand, you can get drivable wheels. I was lucky to get a wholesale deal (family plan) on my recently (Dec.? Not that recent!) TL, for 2K. But, I sold a 1998 Contour, overall clean shape (new sneaks, needed nothing, pretty clean) with only 90K on it, for ~ 2K. So it can be done. I guess your only option if you have no credit and no cash is a BHPH lot, and just take the $50/week in the shorts to drive something roughly like what she has!
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Replying to: stickguy (Jun 14, 2009 8:18 pm) Thing is, if she could find a loan to fix the trans she would just do that, but this is a person to whom NO credit is available it would seem. A $2000 car from the BHPH lot is going to make it to the corner and then break down, I figure. If she could just find the $1800, fixing the Mitsubishi would be her best bet right now among her very limited options, even in the sorry state it is otherwise in. IMHO. But finding an unsecured loan for $1800 looks to be out of the question. I have looked at it from every angle, and I think she's stuck walking or riding the bus. 
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Replying to: nippononly (Jun 14, 2009 8:45 pm) Or.. (and, this is usually what happens to me)... you can find her a beater for $800 or so.. Of course, you'll have to loan her the money.. she can pay it back at $100/mo.... (maybe a salvage yard will give her $300 for hers?). We all know how that turns out..
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Replying to: kyfdx (Jun 15, 2009 4:23 am) I thought that too until I re-read the post and realised it is a friend of nippononly's sister, not his sister. I'm not sure I'd want to lend money to a friend of my sister with bad credit. |
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Does the por lady at least have income to pay back a loan? Bad credit is one thing (and really, if divorce related, not an accurate barometor of whether she can or will pay back a loan), but not having income is obviously a problem. Saddest thing is, if she can handle about $200 a month, a lease would be perfect. Sube is still offering sign and drive (1st + tags) on an impreza for right around $209/month. As cheap as a loan, but you get fixed operating costs (gas). I know whe would never qualify, but it would be safer over the long term to put someone like her in a deal like that, then getting a 20% interest rate and paying 10K for a 4K Taurus tht eats her alive in repairs. maybe a local charity can help out with a donation?
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Replying to: stickguy (Jun 15, 2009 6:26 am) If anyone in her family had money they could lend her privately, I think that would be her best option by far, but I guess they don't, and it certainly isn't going to be me. My sister wanted to do it, and I recommended against it. I don't if she could get a lease, don't you have to have the same credit to get a lease as you do to get a loan? I have never leased, so I am not as familiar with leasing.
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Replying to: nippononly (Jun 15, 2009 6:53 am) |
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Replying to: nippononly (Jun 15, 2009 6:53 am) If you have solid income then why aren't you paying your bills? If you have poor credit due to a divorce but had no recent lates then it's a different story. However if you divorced a few years ago, and you're still late and over the limit on every credit card you have then it's not a divroce issue, but you not being able to manage your money properly, especially if you make good money. |
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