Monday, November 14, 2011

The longer it drags out...

The more frustrated I become.

We finalized negotiation on the car on Saturday evening.  But with the taxes, fees, etc....it is now outside of our loan amount.  We will have to pay about $1,200.  And we won't get the warranty because that would mean another $1,600.

We already are at the tippy top of what we can spend.

We can drain our EF, and the money we have to fix Bossy's room.  And at that point....we are broke.

Everything is drained.  We have NO cushion. I am trying not to stress about it.  HAHAHA.  But that means if something else happens...we will have NOTHING to help us.

Plus now we will have a car payment.  And until the retirement loan is paid off....that means we have to find $225 more per month.

I don't think I have ever felt this low.

18 comments:

  1. I'm sorry. I hope everything gets better.

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  2. Can you find a different car? You never want to let car people know your top amount as they take you beyond that by $1000.00 very time you look! Can you start over? I mean who charges for a warranty? Your car should come with that. I bought a used car in June and it came with a warranty I did not pay more for it. I hope this works out as you are so frustrated and I feel bad for you.

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  3. You didn't negotiate TTL in the drive out price?

    How many miles are on this car? Did you go with Jeep? hopefully you don't need a warranty.

    HS

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  4. @Michelle - thanks.

    @Kim - If we have to start over, it could be weeks before I have a car, and I am already closing in on a month. We get a 60 warranty on the car, but they offer 3yr/36k additional warranty. We never told them our top price. We negotiated the price of the car, but the tax and fees came to almost $1500....more than we were expecting.

    I hate to put it on a CC, but I also don't want to drain the accts.

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  5. @HS - no, tax and fees were not negotiated. CT state taxes were almost $900, then the rest was dealer fees. We tried to negotiate those, and they were fixed.

    It is a 2005 Jeep Liberty Limited, with 52k miles.

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  6. Don't think more bad things will happen. They may not. Think of before you started this journet and you had no control or EF (if you went through something like this). My EF is constantly depleted, and it does irritate the heck out of me to start from the bottom, but starting over is better than the alternative. If something else happens, know that something will be able to help you one way or another... don't despair and hang in there. Take your new car out for a drive and at least enjoy a few minutes of that new-to-you-car feel.

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  7. Well... at least you have a retirement account. Not everyone has that. That's something to put on the asset side, right? I have to look at the asset side when the debt and cash-flow side gets me down.

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  8. Usually Murphy leaves you alone when you are broke. :)! It's when you have some money to speak of that he visits! Hang in there sweetie, it will only get better now. Sending only positive thoughts your way!!

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  9. oh mysti (((hugs)) it's just so hard sometimes, it really is. Use the EF, thats what its for, just please don't feel like a failure, the car is something you have to have at the moment.

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  10. Love the Liberty, it's more Chrysler that I don't like but 50k is not bad!! I think you will be OK up to 100k, at that point I would sell it.

    Like Judy said, trust yourself!!

    HS

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  11. Mysti: before I went through with the purchase of this new-to-you Jeep, I would ask myself a couple of questions: first, how have you managed these past few weeks when you did not have a car? Have you been walking, car pooling or what? (This question should help determine if THIS car is an absolutely ESSENTIAL purchase for you and your family at this time.) Second, would it make sense to look at a few more cars with a lower price so that (with taxes and fees) this purchase does not push you to the brink? Third and finally, how is your search for a full time job going? Would extra income from the additional hours allow you to cover the $225 more you need each month? I think that it is a mistake to make any major purchase under great pressure--can you put this whole thing on hold even for just 48 hours so that you and your spouse can consider all your options one more time?

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  12. @Consuelo - we had a rental car for a week, and that was too expensive ($342). G-man and I have been sharing his car, and it is causing a problem. I am missing work so that I can be home so he can go to work. I am unable to grocery shop, take my son to the doctor, or fulfill other obligations because I didn't have a car. Both the kids have missed things, I had to cancel 2 doctor appointments for myself, and we have had to sometimes make double trips when G-man needed the car and he dropped me off at work.

    We looked at alot of cars. And in the lower price range that we were hoping for...the cars were at least 75k-85k miles. I put on 15k a year at least.

    Full time job search was halted while we were waiting for the move info. Now that the move is off...I will continue to look. I have put in for several things, but nothing has come of it. This is not something that I feel is going to come easily.

    The extra money for the car will mostly come from the money that will be freed up once the retirement loan is paid off, and I will be working a few extra hours a week now (however, this also means one more day that I am driving into the office).

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  13. Believe me, I know how you feel!

    SP

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  14. I know this is drastic and not the best thing, but could you file for bankruptcy? Paying off that kind of debt seems unrealistic when you are constantly dealing with unexpected emergencies. Please don't freak on me. Just feel for you and wonder if that would give you a fighting chance.

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  15. @Theresa - the B word. I have thought about it, but just can't bring myself to do it.

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  16. Mysti: despite how things have been going your debt IS going down. There are blips along the way bumping the debt up once in a while but LONG TERM you are making headway. Sometimes there is a really strong headwind (like right now!) but it won't last forever.
    Sending you positive vibes!

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  17. Eek! :( That really sucks... is there no public transportation where you live?

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