When is enough, enough?
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Elder User
Joined: Jul 2006
Posts: 958
Likes: 0
From: Las Vegas, NV
When is enough, enough?
I have a 2001 Blazer ( I know go ahead and laugh). I took it away from my son, he would not pay I was co-signed, I paid it off.
So this thing is a pile of junk. I have 9000 bucks into the pay off. 2000 bucks into a new tranny, 600 bucks into broke parts on the body, 400 bucks into trying to get idiot mechanics to get it out of 4 wd., which has hammered the front axle and god knows what else.
When do I throw in the towel. Every week I put 500 to a grand into this pile of dung. I am stuck into a money pit!
HELP!
So this thing is a pile of junk. I have 9000 bucks into the pay off. 2000 bucks into a new tranny, 600 bucks into broke parts on the body, 400 bucks into trying to get idiot mechanics to get it out of 4 wd., which has hammered the front axle and god knows what else.
When do I throw in the towel. Every week I put 500 to a grand into this pile of dung. I am stuck into a money pit!
HELP!
Posting Guru
Joined: Jan 2007
Posts: 1,147
Likes: 0
From: Coweta,GA, GO DAWGS!!!!!!
Come on man!!!!
Sell that thing and eat the loss, it's the only way you'll be able to sleep at night. In my area that thing washed and waxed and simply running would bring around $7000 to $9000 at the auction and when resold probably $10,000 MAX!!!!!!
Run it through the auction if you have one local, be sure you can put a reserve on it. Don't wanna lose too much.
Sell that thing and eat the loss, it's the only way you'll be able to sleep at night. In my area that thing washed and waxed and simply running would bring around $7000 to $9000 at the auction and when resold probably $10,000 MAX!!!!!!
Run it through the auction if you have one local, be sure you can put a reserve on it. Don't wanna lose too much.
Lead Driver
Joined: Jun 2005
Posts: 8,475
Likes: 728
From: Calgary Canada
Would you be happy if this thing suddenly stopped breaking down and it ran perfectly from now on? Doesn't sound like it. If not, get rid of it no matter what.
Better to have gotten rid of a lemon at a loss than to have kept a vehicle you don't enjoy.
BTW, I hope you have learned your lesson and you aren't co-signing anything for your son again. He'll learn the value of a dollar when it's his money he's playing with.
Better to have gotten rid of a lemon at a loss than to have kept a vehicle you don't enjoy.
BTW, I hope you have learned your lesson and you aren't co-signing anything for your son again. He'll learn the value of a dollar when it's his money he's playing with.
New User
Joined: Mar 2007
Posts: 16
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From: EARTH,3RD ROCK climb it!
Time For Tough Love
A friend of mine has the same make and year. He hates it just as you do. He is going to let it burn next time it overheats. Thats why they call it a blazer!However I do like the idea of leaving the keys in it in a poverty stricken area!!!!
I vote you throw in the towel,{many months ago} sell it as is or for scrap. Then garnish your sons paycheck, and make him work off the total retail loss.....plus interest. Thats tough love..
.. FORD TOUGH!Best of luck.
Posting Guru
Joined: Nov 2004
Posts: 1,931
Likes: 1
From: N. Mississippi
I vote you sell it also. Nothing worse than a vehicle, no matter the make, that nickles and dimes you to death.
I cosigned for my daughter way back in 95 and low and behold, she was late on the first payment! I went round and round with her, even threatened to take the POS of car away from her(a Dodge Neon....junk!). I learned my lesson then about cosigning.
I cosigned for my daughter way back in 95 and low and behold, she was late on the first payment! I went round and round with her, even threatened to take the POS of car away from her(a Dodge Neon....junk!). I learned my lesson then about cosigning.
Postmaster
Joined: Nov 2002
Posts: 3,529
Likes: 1
From: The Star-Club, Hamburg
I'm with the "sell" crowd... clean it up, put a "For Sale" sign in the windshield, and park it out front for a week or so. Listen to any offers you might get for it, add $500-$1000 to the highest one to see if they're serious or just tire-kickers. Who knows, ya might get lucky there. If not, try the auction route.
I'd also garnish your son's wages until you got paid back every dime you put into this POS. He may not think it's "fair", but think about it... if you'd not bailed him out, the bank would've repossessed the truck and his credit would have suffered for years at the very least, if not forever.
I'd also garnish your son's wages until you got paid back every dime you put into this POS. He may not think it's "fair", but think about it... if you'd not bailed him out, the bank would've repossessed the truck and his credit would have suffered for years at the very least, if not forever.
