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Forums59
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Dec 30th, 2023
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 Re: Wow! A new kind of crazy!
[Re: John175☮]
#13336701
11/09/19 02:18 PM
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Joined: Mar 2008
Posts: 34,575
cocodrie
TFF Guru
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TFF Guru
Joined: Mar 2008
Posts: 34,575 |
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13336741
11/09/19 03:07 PM
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Joined: Aug 2008
Posts: 1,617
CaptainCrunch
Extreme Angler
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Extreme Angler
Joined: Aug 2008
Posts: 1,617 |
Wonder how the loan company gets out from under this when he quits making payments.
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13336747
11/09/19 03:17 PM
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Joined: May 2010
Posts: 4,761
2014NITROZ-7
TFF Team Angler
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TFF Team Angler
Joined: May 2010
Posts: 4,761 |
My BIL has done this more than once and yes my wife and I agree he and his wife are STUPID.
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13336751
11/09/19 03:19 PM
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Joined: May 2007
Posts: 41,292
Patriot Guard Rider
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 41,292 |
I was the finance manager for a new car dealership back in the late 80s. Financial institutions back then would not let this happen. If a buyer had excellent credit then they would allow them to go a little bit underwater, but even folks with just "good" credit could not get financed this way.
![[Linked Image]](https://sapgr.org/wp-content/uploads/2016/06/jc-patriot_guard_riders_logo-130x90.jpg) ![[Linked Image]](http://sfwallpaper.com/images/texas-longhorns-logo-wallpaper-11.jpg) Family is everything! Life is precious. We don’t have forever. We have now. This moment. We can choose to love our lives now.
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13336757
11/09/19 03:25 PM
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Joined: Jan 2010
Posts: 6,723
Dognot
TFF Celebrity
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TFF Celebrity
Joined: Jan 2010
Posts: 6,723 |
Listen to Dave Ramsey, there are people like this that call in daily.
Sometimes what didn't work out for you, did in fact, work out for you.
Haters going to hate and believers are going to believe.
Every man has two lives,The second one starts when he realizes that he has only one.
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13336767
11/09/19 03:33 PM
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Joined: Oct 2012
Posts: 25,326
ReelBusy
TFF Guru
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TFF Guru
Joined: Oct 2012
Posts: 25,326 |
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13336775
11/09/19 03:42 PM
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Joined: Jun 2012
Posts: 1,352
Fish Chaser
Extreme Angler
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Extreme Angler
Joined: Jun 2012
Posts: 1,352 |
Elect any of the demorats for president and they will have "the government" bail you out. In other words they'll have your friends, relatives and neighbors pay for your stupidity.
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13337115
11/09/19 11:22 PM
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Joined: Sep 2006
Posts: 10,035
Spiderman
TFF Guru
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TFF Guru
Joined: Sep 2006
Posts: 10,035 |
If he totals the vehicle would gap insurance pay it off???
The Truth is six of the seven Dwarfs are not Happy!
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13337133
11/09/19 11:45 PM
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Joined: Jul 2010
Posts: 9,520
TR176
TFF Celebrity
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TFF Celebrity
Joined: Jul 2010
Posts: 9,520 |
If the guy who did this can’t pay over time he would be a good candidate for Chapter 13.
I often wonder about the cost of and the buyers of ever increasing expensive boats.If there is a downturn in the economy a lot of nice boats will be defaulted on.
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Re: Wow! A new kind of crazy!
[Re: Patriot Guard Rider]
#13337135
11/09/19 11:50 PM
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Joined: Apr 2017
Posts: 12,183
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
Posts: 12,183 |
I was the finance manager for a new car dealership back in the late 80s. Financial institutions back then would not let this happen. If a buyer had excellent credit then they would allow them to go a little bit underwater, but even folks with just "good" credit could not get financed this way. I was a sales manager in the early 2000's before the financial crisis in '08. With good credit getting a lender to carry 120% of MSRP +TTL was pretty common. Highest I seen was 140% plus T's. Running joke was the loans came with wheels on the roof rack cause they were so upside down.
Last edited by tmd11111; 11/09/19 11:52 PM.
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13337204
11/10/19 12:50 AM
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Joined: Jan 2012
Posts: 15,797
ko bass attack 27
TFF Guru
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TFF Guru
Joined: Jan 2012
Posts: 15,797 |
I wonder what kind of boat he has.
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Re: Wow! A new kind of crazy!
[Re: ko bass attack 27]
#13337315
11/10/19 03:50 AM
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Joined: Apr 2008
Posts: 8,055
Tneel
TFF Celebrity
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TFF Celebrity
Joined: Apr 2008
Posts: 8,055 |
I wonder what kind of boat he has. $20,000.00 Jon boat with 5hp motor.
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Re: Wow! A new kind of crazy!
[Re: Tneel]
#13337323
11/10/19 03:59 AM
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Joined: Jan 2012
Posts: 15,797
ko bass attack 27
TFF Guru
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TFF Guru
Joined: Jan 2012
Posts: 15,797 |
I wonder what kind of boat he has. $20,000.00 Jon boat with 5hp motor. 
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Re: Wow! A new kind of crazy!
[Re: John175☮]
#13337324
11/10/19 04:01 AM
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Joined: Jun 2012
Posts: 20,732
Douglas J
TFF Guru
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TFF Guru
Joined: Jun 2012
Posts: 20,732 |
I tend to worry about my and my family's own income and expenditures and not others. So what "the jones" do isn't my concern.
That being said it's nice to have a 2017 and 2018 vehicle and only owe a small amount on the newer of the two.
#MFGA
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