Well.... the failing United States economy has finally hit home. My family is now in a financial struggle, my dad used to make more than doctors in the area and now is facing bankruptcy. So we can't afford to keep the '78 anymore. We bought it back initially wanting to put it on the street. Now a loan, no money, and $4.00/gal gas has driven us away from our pride and joy. I'll list the car in classifieds and hope for the best. On the up side, I'm gonna be in the market for a 4-cyl Pinto as an eco-friendly car. Just thought I'd share...
-beegle55
Gosh, that's awful :(. My heart goes out to your entire family. I can tell you from personal experience, however, that bankruptcy is more of a new beginning than it is an end. Some horrific real estate investments and poor credit management landed me in the same predicament about twelve years ago. I thought all was lost, but in many ways my life today is far better than it was before. Since then, I've purchased other real estate, traveled more, and have owned numerous fairly expensive automobiles. It IS a shock and an adjustment, and sacrifices wil have to be made in the short term, but I'll bet things work out just fine in the end. Today I am working in the same job and my wife has actually had to retire due to disability, decreasing her net income by about $30K per year, yet our net worth is more than 100 times what it was before, primarily because we learned a valuable lesson about "paying as you go". Remaining debt free has enabled us to better weather the waning economy and personal challenges we have faced. Turn your attention to finding that eco-friendly 4 cyl. Pinto and revel in the knowledge that you're still driving something unique and special. My best to you and your family.
Dwayne :smile:
Thanks for the thoughts... I will be getting a 4 cyl to drive around and fix up. The '78 just isn't practical anymore, we can't afford to buy a trailer and equipment to race again, I can't afford to pull a loan to make it street legal, there is a $200/month payment on the car, and the amount financed is only half of what we paid to get the car again, and my dad needs out from under the payment and needs the extra cash. The reason we are in such a tight spot is because my dad is a top-notch mechanic, however the bad car market anyways and high gas prices has sent the once top dealership in WV that he works for into a really really tight spot. 450 new Chevy Trucks that will absolutely not sell anymore. Another 150 gas-guzzling SUV's setting on the lot, and only 35 eco-friendly cars (Colbolts, Aveos, etc) So until his job rebounds or he finds another, we are cutting back. But at least I'll get to drive my new Pinto on the street =] not all will be lost
-beegle55
ok Casey understand Fred :(
Man that sucks. At least you will still be driving a pinto though. Best of luck man.