Rio (Caller - Car Trade and Business Investment)

Hey, how's it going?

Hey, how's it going?

So I was thinking about trading in my car that I finance now to get a truck for work reasons and just like investing in myself, I guess. Um, it would lower my car payment and it would also lower, lower my car insurance, but then I would lose all the equity that I already have paid in my car. So I just don't really know what to do right now.

So I was thinking about trading in my car that I finance now to get a truck for work reasons and just like investing in myself, I guess. Um, it would lower my car payment and it would also lower, lower my car insurance, but then I would lose all the equity that I already have paid in my car. So I just don't really know what to do right now.

Um, uh, like work route. I've always been in like the construction. So I just started my LLC. I want to take my, uh, my painting business more seriously and I, um, I do sales in roofing. So it's like easier to have a truck cause I have the ladder and then I can take a ladder out and just kind of get up on the roof and stuff like that. So it's hard to do the things that I like.

Um, uh, like work route. I've always been in like the construction. So I just started my LLC. I want to take my, uh, my painting business more seriously and I, um, I do sales in roofing. So it's like easier to have a truck cause I have the ladder and then I can take a ladder out and just kind of get up on the roof and stuff like that. So it's hard to do the things that I like.

No.

No.

So I usually have my boss meet me, or it's like a commission-based sales drive.

So I usually have my boss meet me, or it's like a commission-based sales drive.

I just started working with them.

I just started working with them.

Yeah, no, no, no.

Yeah, no, no, no.

Yeah, no.

Yeah, no.

Hi, Dave. Thanks so much for taking my call. Sure. What's up? Our situation is that we're needing to buy a bigger car because we're about to have our third baby. Some dear friends of ours mentioned that they'd be interested in buying it off of us, and both my husband and I felt called to just actually give the car to them. Um, the car is worth about $10,000.

Hi, Dave. Thanks so much for taking my call. Sure. What's up? Our situation is that we're needing to buy a bigger car because we're about to have our third baby. Some dear friends of ours mentioned that they'd be interested in buying it off of us, and both my husband and I felt called to just actually give the car to them. Um, the car is worth about $10,000.

And then of course, last week, the check engine light comes on. I bring it in for the repair. It's going to cost about $4,000.

And then of course, last week, the check engine light comes on. I bring it in for the repair. It's going to cost about $4,000.

Yeah. So there's some, an oil leak that's kind of, you know, I guess standard to Subarus. Um, and it's, it's kind of all over the engine. And then they said at this point they need to, uh, Take the engine out, replace all the gaskets, and it's about a 16-hour labor job. That would be the Subaru dealer. It is, yeah.

Yeah. So there's some, an oil leak that's kind of, you know, I guess standard to Subarus. Um, and it's, it's kind of all over the engine. And then they said at this point they need to, uh, Take the engine out, replace all the gaskets, and it's about a 16-hour labor job. That would be the Subaru dealer. It is, yeah.

Absolute bull crap. The mom and pop shop gave us a $3,800 quote. So we're kind of looking at, you know.

Absolute bull crap. The mom and pop shop gave us a $3,800 quote. So we're kind of looking at, you know.

Who gave you a what? A mom and pop shop that we trust gave us $3,800 quote.

Who gave you a what? A mom and pop shop that we trust gave us $3,800 quote.

Yes, exactly.

Yes, exactly.

And verified again. We've got some mechanics that we know. We've had a few people verify like, yes, this is the job that needs to get done. So maybe we find someone to do it for a bit cheaper, but still we're probably looking at like the $3,000 to $4,000 range.

And verified again. We've got some mechanics that we know. We've had a few people verify like, yes, this is the job that needs to get done. So maybe we find someone to do it for a bit cheaper, but still we're probably looking at like the $3,000 to $4,000 range.

Yes.

Yes.

I guess I just feel like we offered them or committed to them a $10,000 gift. Um, and you know, they can use it and now we're, we're giving them a car that, you know, may or may not, I don't know if this problem is going to recur.

I guess I just feel like we offered them or committed to them a $10,000 gift. Um, and you know, they can use it and now we're, we're giving them a car that, you know, may or may not, I don't know if this problem is going to recur.

Yes.

Yes.

Yeah. Um, I guess we don't. It just feels like that's what I committed. And giving them less than that just feels wrong for some reason to me.

Yeah. Um, I guess we don't. It just feels like that's what I committed. And giving them less than that just feels wrong for some reason to me.

Okay.

Okay.

Okay. Yeah. All right, so bring them into the decision, and you think definitely don't pay the $4,000 to repair it.

Okay. Yeah. All right, so bring them into the decision, and you think definitely don't pay the $4,000 to repair it.

Hey, how's it going?

So I was thinking about trading in my car that I finance now to get a truck for work reasons and just like investing in myself, I guess. Um, it would lower my car payment and it would also lower, lower my car insurance, but then I would lose all the equity that I already have paid in my car. So I just don't really know what to do right now.

Um, uh, like work route. I've always been in like the construction. So I just started my LLC. I want to take my, uh, my painting business more seriously and I, um, I do sales in roofing. So it's like easier to have a truck cause I have the ladder and then I can take a ladder out and just kind of get up on the roof and stuff like that. So it's hard to do the things that I like.

No.

So I usually have my boss meet me, or it's like a commission-based sales drive.

I just started working with them.

Yeah, no, no, no.

Yeah, no.

Hi, Dave. Thanks so much for taking my call. Sure. What's up? Our situation is that we're needing to buy a bigger car because we're about to have our third baby. Some dear friends of ours mentioned that they'd be interested in buying it off of us, and both my husband and I felt called to just actually give the car to them. Um, the car is worth about $10,000.

And then of course, last week, the check engine light comes on. I bring it in for the repair. It's going to cost about $4,000.

Yeah. So there's some, an oil leak that's kind of, you know, I guess standard to Subarus. Um, and it's, it's kind of all over the engine. And then they said at this point they need to, uh, Take the engine out, replace all the gaskets, and it's about a 16-hour labor job. That would be the Subaru dealer. It is, yeah.

Absolute bull crap. The mom and pop shop gave us a $3,800 quote. So we're kind of looking at, you know.

Who gave you a what? A mom and pop shop that we trust gave us $3,800 quote.

Yes, exactly.

And verified again. We've got some mechanics that we know. We've had a few people verify like, yes, this is the job that needs to get done. So maybe we find someone to do it for a bit cheaper, but still we're probably looking at like the $3,000 to $4,000 range.

Yes.

I guess I just feel like we offered them or committed to them a $10,000 gift. Um, and you know, they can use it and now we're, we're giving them a car that, you know, may or may not, I don't know if this problem is going to recur.

Yes.

Yeah. Um, I guess we don't. It just feels like that's what I committed. And giving them less than that just feels wrong for some reason to me.

Okay.

Okay. Yeah. All right, so bring them into the decision, and you think definitely don't pay the $4,000 to repair it.