Looking to take over payments

[orectyhunter]

Alright guys I am looking to help someone out that cannot make payments on their Atv or utility vehicle like a rhino or ranger. Went through a divorce and my credit is shot. Serious Inquiries only please. Can pay through paypal to you directly as well.

[bowenarra]

Can't help you out with the ATV, but I'm sorry to hear about the divorce/credit. Sounds like you're able to stay on your feet, so that's good.

[Landrover]

Lol!!! Maybe you should try the classifieds........or the Thrifty Nickel.

[Bonesplitter]

Save your money and pay cash.

[Wudstix]

Cash is better right now, that is what I am trying. Delay gratification until I can buy outright.

[Shake1]

If you were in the shoes of the person with the ATV, wouldn't you think that would be a risky transaction to engage in? A person would have the asset in their possession, and owe the payments as well . . .

I agree with Dave Ramsey's philosophy, if a person cannot pay cash for it, that person cannot afford it and should save their money until they can.

[TxSuperDad]

Sooo then you pay cash for all your cars you have and for the house you live in. Thats alot of cash buddy. While I agree with you smaller items if you dont have the cash to throw at it then wait. But 5 10 15 50 grand laying around to buy sometime is out of the question 99% of americans. While most can afford $150 to $200 a month to purchase something like a 4 wheeler most cannot afford to throw 8-10 grand down on the table. And to mention the word save. as in save it up and dont buy it utill you have alot of folks would never get there cause something would always come up like hospistal bills and college tuition. OR A DIVORCE. **** that hits you out of no where and whipes you clean...

Just my 2 cents

If you were in the shoes of the person with the ATV, wouldn't you think that would be a risky transaction to engage in? A person would have the asset in their possession, and owe the payments as well . . .

I agree with Dave Ramsey's philosophy, if a person cannot pay cash for it, that person cannot afford it and should save their money until they can.

[Landrover]

Save your money and pay cash.

X2billion!!!!!!!!!!!!!!!

Delay gratification until I can buy outright.

Wisdom that our grandparents would give us!!!

, if a person cannot pay cash for it, that person cannot afford it and should save their money until they can.

Whew!!! It is definitely that simple!!!

Sooo then you pay cash for all your cars you have and for the house you live in. Thats alot of cash buddy. While I agree with you smaller items if you dont have the cash to throw at it then wait. But 5 10 15 50 grand laying around to buy sometime is out of the question 99% of americans. While most can afford $150 to $200 a month to purchase something like a 4 wheeler most cannot afford to throw 8-10 grand down on the table. And to mention the word save. as in save it up and dont buy it utill you have alot of folks would never get there cause something would always come up like hospistal bills and college tuition.

Hummmm.......yep! Cars are a no brainer, just bought a Toyota Crew Max Texas Edition with CASH. Lots of motivated sellars running around these days. Many folks have done it with homes also......pick your priorities wisely and all things are possible. You are right that 99% of AMERICANS can't save CASH for nothing in the world.......but one generation earlier (our grandparents) they did it all the time. Lastly, Murphys Law is for REAL!!! Something seems to always come up but that is why everybody should have 3-6 months savings sitting in a money market account. Better yet 1 years worth. I thought the same way you do up until about 4 years ago!

[Bonesplitter]

I have been divorced and yes most people can't afford to pay cash for houses or NECCESITY items but the wants can be better earned by saving up and buying outright. I feel your pain but putting bills on top of bills makes it hard to stay afloat if something changes in your finances.

[wheels]

wow! He didn't ask for any advise.

[Mike]

I see both sides of this topic very well and very clearly but I have a slightly different outlook on the matter. I have participated in Dave Ramsey and like what he preaches but I do not agree with the pauper lifestyle. I know it has its place but I blend the two ideas to form my own tactics.

I have always felt that cash is king in an emergency situation and you have to have it stacked away for when the time comes. I also think that you need living expenses put back in case something happens.

Here is where I differ, in my opinion, cash is no longer king. It used to get you a better deal or price on an item, today it means nothing, at least that is what I see in my dealings. I spend a lot and I am a shopper, I look for the best deal on anything I purchase and the only time that I really see a place where cash gets a better price is at a gun show, most vendors add 3-5% to run a credit card.

Oscar got a great deal on a used truck and was able to capitalize with cash but I have yet to see where a cash customer gets a better price when negotiating on a vehicle at a dealership. I have two close friends that are in the business and they want the financing, cash guys pay the same price.

I realize that you have to pay interest and that is a cost but think about this scenario, you have $75K in the bank and want to purchase a truck for yourself($25K), car for the wife ($20K), boat($20K), UTV($10K). It has taken your family 8 years to save this sum and now you are ready to spend it. I will finance those items at 2-5% and keep that $75K security blanket in the bank. How many people will just write the checks?

I feel much better with cash in the bank and finance those other items and I justify the interest I pay as a cost of doing business, the price I pay to have that money in the bank. I may get flamed on that last comment with "pay cash now and borrow it later if you need the funds",,,,what if you can't borrow it later?

Anyhow, on the ATV, UTV deal on this post, I know of several people that have done that and I am doing it now on a boat. An unfortunate event took place in a couple's life and they offered me the boat with taking over the payments. We were in the middle of financing our new home and I did not want the additional debt at the time and it has worked out great for both parties, plus it was financed at 1.9%.

This concept is not for everyone but it happens every day.

[broken arrow]

I totally agree with Landrover

[Shake1]

Dave Ramsey's plan. We pay cash for everything except the mortgage. And my wife and I are working to pay that off as early as we can. It is not always an easy plan, but it works for us. At one point in our lives, we did have a lot of debt. Just like most Americas, we didn't know any better until we learned a better way.

As for divorces, my parents had been married / divorced / remarried 8 times before I was 30 years old. I know all about 'em, including sleeping on the floor with our Dad (no beds in the house, no money). I know what it does to a family, only too well. Very bad stuff.

Sooo then you pay cash for all your cars you have and for the house you live in. Thats alot of cash buddy. While I agree with you smaller items if you dont have the cash to throw at it then wait. But 5 10 15 50 grand laying around to buy sometime is out of the question 99% of americans. While most can afford $150 to $200 a month to purchase something like a 4 wheeler most cannot afford to throw 8-10 grand down on the table. And to mention the word save. as in save it up and dont buy it utill you have alot of folks would never get there cause something would always come up like hospistal bills and college tuition. OR A DIVORCE. **** that hits you out of no where and whipes you clean...

Just my 2 cents

[orectyhunter]

Moderator please delete Post turned into an advice session