Should I (Finance my Vette for my brother)?

**SHines-IT** · 01-05-2010, 07:20 PM

My brother and I was talking today. We went to a few dealers and he really can't afford the interest rate they quoted (16+)... So we kinda was talking and threw an idea out there. He needs a more reliable car and mind is miles ahead of his. I am in a better financial situation, I can do this.

Basically I sell him my corvette for $6,500.
He sells me his 01 Ford Focus ZX3 -1,250 (Pretty much give me, and take off)
He puts down between +1,000-1,500

He pays the remaining balance of $3750-4,250 (At $200-250 a month)

So he gets a more reliable car, I pretty much make a hair profit on the Vette. I get a POS, either I will replace the engine or part the car out. If I do, I am going to paint it flat black and tint the windows darker then shit... Ugly POS... Plus, I as we was at the dealer. I test drove two cars I am interested in, Solstice and G8 GT. I think by then, I will have enough to put half down on a used one.

PS: His Focus runs and drives, just not well. Looking at prices of engines, not really worth me trying to rebuild it. So fuck that option, unless it really does not cost much to "build it up"... It's a thought, that I would more then likely part it out to get that portion back (Hell maybe make a penny).

Also, if he does not pay me back. The tittle stays in my name till paid for. If he does not pay, and falls behind 3-5 months. I take the Vette back and keep everything, unless he pays to get caught up...

Plus, now that my Falcon is running good now. I may start driving that allot more.

So what do you guys think?

**86 IROC-Z** · 01-05-2010, 07:24 PM

No.

**infantryws6** · 01-05-2010, 07:28 PM

doesn't some bitch already owe you money? Learn from your mistakes

**SHines-IT** · 01-05-2010, 07:35 PM

Originally Posted by infantryws6

doesn't some bitch already owe you money? Learn from your mistakes

He owes me a $100, that he is giving back to me this weekend... I paid almost half his semesters tuition. He always pays me back, slow but surely.

Plus, I am going to be able to order direct from his store supplies. So I will get all my shit for cheap.

Amsoil
K&N
Porn
Sex Toys
Plus other shit... That I may try and resale on forums...

**toi tyme** · 01-05-2010, 07:35 PM

I second both the above posts.

**Y2KPewterSS** · 01-05-2010, 07:37 PM

**86 IROC-Z** · 01-05-2010, 07:38 PM

Originally Posted by SHines-IT

He owes me a $100, that he is giving back to me this weekend... I paid almost half his semesters tuition. He always pays me back, slow but surely.

Plus, I am going to be able to order direct from his store supplies. So I will get all my shit for cheap.

Amsoil
K&N
Porn
Sex Toys
Plus other shit... That I may try and resale on forums...

What the fuck type of store does he own that sells both of that sort of stuff together?

**toi tyme** · 01-05-2010, 07:40 PM

Originally Posted by Y2KPewterSS

my thoughts exactly!

**SHines-IT** · 01-05-2010, 07:40 PM

Originally Posted by 86 IROC-Z

What the fuck type of store does he own that sells both of that sort of stuff together?

Not together, he sells most porn (He's rebuild his site). But he's starting up a car store for all your basic shit... Mostly he's going to sell it at car shows.

**SHines-IT** · 01-05-2010, 07:44 PM

Another thing to consider, most the reasons I have to loan him money. Is because the car, so with that gone... It's one less hassle. Witch I will more then likely part out.

**infantryws6** · 01-05-2010, 07:55 PM

Does the profit made cover the cost of a vasectomy? If so I would advise you to go through with the deal and then get the vasectomy. It will be a win-win situation

**Z28Thunder** · 01-05-2010, 08:00 PM

Just could not be posted enough.. And SHines-IT being serious...

NO

**SHines-IT** · 01-05-2010, 08:53 PM

So your saying I should not help my brother out? I am thinking, will have to lower the Focus price to $1,000 looking at prices of them... But why should I not help my brother out? That he may not pay me back? We already talked about that and he agrees that it's fair on taking it back. It's just a thought not saying anything is set in stone.

**infantryws6** · 01-05-2010, 08:56 PM

Who's troll account is this?

**Mr. Luos** · 01-05-2010, 08:57 PM

Originally Posted by SHines-IT

So what do you guys think?

I think this is the first post of yours I was able to read without wanting to strap myself to the back of a jet.

**SHines-IT** · 01-05-2010, 09:09 PM

Originally Posted by Mr. Luos

I think this is the first post of yours I was able to read without wanting to strap myself to the back of a jet.

Took very little pain killers today, no pain... So I am not "stoned" as people say when I take one to many...

**SHines-IT** · 01-05-2010, 09:13 PM

I found this, http://cgi.ebay.com/ebaymotors/ws/eB...m=220535613297

Tempting, if I was to get the Fungus. Drop a new engine and should be good to go. While in there fix the electrical shit (car has 170,000 miles). I e-mailed them to see about a discount if I drive down there and pick it up and possibly see if they do a core discount... Even if not, a new motor for under a $1,000 may make this worth while.

**86 IROC-Z** · 01-05-2010, 09:16 PM

ITT: Little fiscal responsibility from OP.

**Z28Thunder** · 01-05-2010, 09:41 PM

Originally Posted by SHines-IT

But why should I not help my brother out?

The choice is yours. But you did post this question on LS1.com in the AAG.

**SHines-IT** · 01-05-2010, 09:46 PM

Originally Posted by Z28Thunder

The choice is yours. But you did post this question on LS1.com in the AAG.

I understand that, I just figured one person would be understanding... He's missed enough classes because of this.

But I just located a brand new transmission for $600 shipped to my door (It's built by Ford), so hell new engine/transmission for $1,500... Hmmm, be a hell of a good beater that get 30 mph. Then I can enjoy my 63 Falcon with the top down when it's not raining and pocket the rest and buy that 3/4 Acre lot down the street from me...