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#21
08-30-2007, 11:22 PM
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Re: Just bought a car. Can I take it back??
[ QUOTE ]
Go to the dealership and explain to them you have to return the car because you can't afford it.... offer them ~$500 for their trouble, and promise to buy a car from them when you can afford it which will likely be very soon. [/ QUOTE ] It's worth a shot. At worst I'll be humiliated. However, I'm guessing this happens quite often (at least I'm hoping there are others like me). 
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#23
08-31-2007, 12:48 AM
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Re: Just bought a car. Can I take it back??
[ QUOTE ]
[ QUOTE ] Go to the dealership and explain to them you have to return the car because you can't afford it.... offer them ~$500 for their trouble, and promise to buy a car from them when you can afford it which will likely be very soon. [/ QUOTE ] It's worth a shot. At worst I'll be humiliated. However, I'm guessing this happens quite often (at least I'm hoping there are others like me). [/ QUOTE ] Gave it a try to no avail. At least I wasn't as embarrased as I thought I'd be.
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#24
08-31-2007, 01:27 AM
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Re: Just bought a car. Can I take it back??
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I find it fascinating that you could write a check for $9k (assuming it's good) but you can't afford payments on a $14k loan. [/ QUOTE ] Yeah, the check is good. My rent is really high and combined with other bills = me being in over my head. I could have had less of a down payment and financed more I guess but I was thinking the way I did it was the more fruitful way. [/ QUOTE ] Oh OK. That's cool. I figured that the typical American had $500 in the bank and $4k worth of bills every month, so found it weird that you'd acquire $9k with a fairly small (within a few hundred of your previous nut) income and a tendency to impulse buy cars. [/ QUOTE ] Is this accurate? Very sad if true.
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#25
08-31-2007, 06:03 AM
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Re: Just bought a car. Can I take it back??
[ QUOTE ]
Life is a harsh teacher. First she tests, then she teaches. Learn your lesson over and over again every month when you write that check out to BMW. [/ QUOTE ] This reminds me of a case that was the newspapers ten or fifteen years ago. As part of a sentence handed down to a drunk driver who had killed someone, a judge required the drunk driver to write a $1 check every week to the family of the person the driver had killed. I don't know if that turned out to be enforceable or not, but I thought it was pretty wicked. SpaceAce
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#26
08-31-2007, 07:20 AM
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Re: Just bought a car. Can I take it back??
If it makes you sound any better, it sounds like the car will be reasonably comfortable when you're living in it.
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#27
08-31-2007, 07:22 AM
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Re: Just bought a car. Can I take it back??
I think the bigger problem here is that the car is worth around $18k (edmunds TMV, 325ci coupe, 50k miles, average condition), and you paid 23k.
There's obviously a little bit of a difference because of tax/other fees, but you still probably overpaid by at least 3-4k. Going private instead of through a dealer would have saved ANOTHER 3k or so, putting you at around 6000 over what this car should have cost.
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#28
08-31-2007, 10:11 AM
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Re: Just bought a car. Can I take it back??
[ QUOTE ]
Gave it a try to no avail. At least I wasn't as embarrased as I thought I'd be. [/ QUOTE ] change the theme of thread in order to feel better. turn it into a brag and post pics of your ride.
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#30
08-31-2007, 10:45 AM
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Re: Just bought a car. Can I take it back??
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] I find it fascinating that you could write a check for $9k (assuming it's good) but you can't afford payments on a $14k loan. [/ QUOTE ] Yeah, the check is good. My rent is really high and combined with other bills = me being in over my head. I could have had less of a down payment and financed more I guess but I was thinking the way I did it was the more fruitful way. [/ QUOTE ] Oh OK. That's cool. I figured that the typical American had $500 in the bank and $4k worth of bills every month, so found it weird that you'd acquire $9k with a fairly small (within a few hundred of your previous nut) income and a tendency to impulse buy cars. [/ QUOTE ] Is this accurate? Very sad if true. [/ QUOTE ] Very sad you didn't realize that this is so true [img]/images/graemlins/frown.gif[/img] I thought most people learned this in middle school. I guess not though, which is why it continues to happen.
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