ok heres the deal... someone on the board has an 07 si sedan with a supercharger. i am looking to get a 4 door since i have a baby on the way. i would love to trade with this guy especially since the deal was going to include a clean swap with a comptech supercharger that has a 100k mile warranty on the supercharger from the dealer. so here is where it gets tricky...

my car is paid off in full. well the title is in my name and according to the bank its paid in full. i am financing it through a family member at 3%. i still owe 18k to my family for it. the other guys FA is financed through honda and he has 22.5k left to pay on it. the last response i got from him was we would trade cars and i would just pick up his note and give him 2k for the supercharger installed. i am runnin on 3 horus of sleep and i have been cramming my head with calculus all day so i cant think clearly... if i hand him my car and title, and he hands me his car and i take over his note,... wouldnt that be me paying 45k for a supercharged si? i was thikning we would do an even swap FG for an FA. so i am just tired and confused and would love some insight on this. i want to trade straight up but how do we do this?

 

bump for a guy with a good cause... but unfortunately I have no idea how to help buddy. Good luck with the trade and congrats on the kid

 

Why does the other guy want to trade? For this to work he'd have to take out a loan for the amount you owe on your's, and send the check to your family member, and you have his car loan signed over to yourself.

Otherwise, yes, you are going to be paying for 2 cars and only owning one.

 

there is no way he can have the title if he has a lean on the car.... the bank or dealer (whoever he financed through) will hold the lean untill he satisfies it... so if he has a title its no good to you because he is not the lawfull holder of it... the title will say dealer or banks name on it.... hope that helps...

 

lol you're joking right?

 

I'm no math expert, but your car is paid off (even though you still have to pay for your familiy member). He barely paid for his. If the trade goes through, you just handed him a 20k worth of car for free basically. While you got yourself into paying for a new car.

This is what it looks like if you take his deal.

He got a Si for basically free.

You lost your 20k worth car, and buying a new one (his).

So yeah, you are paying 45k worth becase you'll have to pay your family member (he doesn't, cause you gave him your car's title and he woudln't be obligated to pay your family) And you are paying his left over which is 22.5k that you said.

And you giving him 2k for the supercharger?

DON'T do it man, you are getting yourself ripped BIG time!

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by 95turbodteg &raquo;</TD></TR><TR><TD CLASS="quote">ok heres the deal... someone on the board has an 07 si sedan with a supercharger. i am looking to get a 4 door since i have a baby on the way. i would love to trade with this guy especially since the deal was going to include a clean swap with a comptech supercharger that has a 100k mile warranty on the supercharger from the dealer. so here is where it gets tricky...

my car is paid off in full. well the title is in my name and according to the bank its paid in full. i am financing it through a family member at 3%. i still owe 18k to my family for it. the other guys FA is financed through honda and he has 22.5k left to pay on it. the last response i got from him was we would trade cars and i would just pick up his note and give him 2k for the supercharger installed. i am runnin on 3 horus of sleep and i have been cramming my head with calculus all day so i cant think clearly... if i hand him my car and title, and he hands me his car and i take over his note,... wouldnt that be me paying 45k for a supercharged si? i was thikning we would do an even swap FG for an FA. so i am just tired and confused and would love some insight on this. i want to trade straight up but how do we do this?</TD></TR></TABLE>


you would end up with

a 22.5k note for a si sedan
2k in the hole to him
and still paying your family member.


Heres what you should do......nothing.
if you want a sedan. go get a brand new one....
if you want a supercharger... go buy a new one

why are you looking to swap cars and switch notes with superchargers


You have a kid on the way... get a clue and act more responsible

The smart move would be get rid of the Si and get a fit or crv something more practical.

 

generally speaking you have a loan for 18k even though it's through family
He has a loan w/22k on it. You would have to give him 4.5k in order to have his loan payed down to the 18k of what is owed on your car and at the same time that 4.5k would increase your loan to the amount for his car. You guys would have to contact Honda to make sure this is okay with them or how you go about the transferring but in all you would have to give him 6.5k to include the supercharger.

 

now that i have finished with my calculus final and come back and sat down and re-read everything.. now it wont work. i just want a 4 door si. the supercharger is just already there so it sounds like a good idea.

as for the guy that said i needed to become more responsible... i am not going to get an suv or mini van just because i am having a kid. there is still the mother of the child... she will also have a car and i can still keep my "sporty" car and just drive like a reasonable adult when the child is in the car and go out and have fun with it at other times. as for the gentleman who said he would have ot send a check to my family member, that is exactly what would have to happen. he would have to go take out a loan on the car, and then i would have ot pay the $4k difference. the only way i would do that is if the SC was included in that price. his may be an 07 with lower miles, but i can go get a brand new one for the 4k difference. so i have sat down, thought about it, and decided against it. i still have about 6 months before i have to get something new. anyway, thanks for the input guys. i'm all set

 

you could trade your car into the dealer for a new 4 door. just get a loan for whatever the difference is. im guessing 4-5K? but then you'll have to pay that loan and the family memeber off.

anyway you said you made up your mind so it doesn't really matter....just wanted to throw another option out there for you.

I also had a few friends with coupe's and had kids. they had no problem with a baby seat in the back.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ouija &raquo;</TD></TR><TR><TD CLASS="quote">For this to work he'd have to take out a loan for the amount you owe on your's, and he check to your family member, and you have his car loan signed over to yourself.

Otherwise, yes, you are going to be paying for 2 cars and only owning one.</TD></TR></TABLE>

It's just like Ouija says. Trust me, I work for an Auto Finance company and he isn't obligated to pay your family member and since he financed his car through Honda, Honda is holding the title until the note is paid off. If you guys just swap cars he may screw you over by not paying your family member and you would be stuck paying the note to Honda for your car and your family member. If you guys qualify you guys should just apply for loans to pay off each others' loans and switch the names on your titles so you cover your behind.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by i-spit-hotfire &raquo;</TD></TR><TR><TD CLASS="quote">

It's just like Ouija says. Trust me, I work for an Auto Finance company and he isn't obligated to pay your family member and since he financed his car through Honda, Honda is holding the title until the note is paid off. If you guys just swap cars he may screw you over by not paying your family member and you would be stuck paying the note to Honda for your car and your family member. If you guys qualify you guys should just apply for loans to pay off each others' loans and switch the names on your titles so you cover your behind.</TD></TR></TABLE>


pretty sure what he is saying WOULD happen if it did is this.....

The OP would "sell" his car to the other guy for 18grand, which the buyer would take a loan out for. The money would go to his family member and the title would then be signed over. Now the OP would take over the loan from the other guy which sits at 22.5, whether from a bank or the family member again. Plus then make up another 2 grand for the supercharger making the total 24,500. He is upgrading his loan by 6500, and the other guy is downgrading his by the same. There would be no double loan or any of that nonsense people were saying before. It is not a hard process at all, its just a matter of the difference in money.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by civic1234 &raquo;</TD></TR><TR><TD CLASS="quote">there is no way he can have the title if he has a lean on the car.... the bank or dealer (whoever he financed through) will hold the lean untill he satisfies it... so if he has a title its no good to you because he is not the lawfull holder of it... the title will say dealer or banks name on it.... hope that helps...</TD></TR></TABLE>

and for this... It depends on the state that you are in about the title. Some states you hold the title even if there is a 'lien' on it. I think CT is on of them but may be wrong on that one. I know Virginia is, cuz we went through a 2 month trackdown of a title from someone who traded their car in up here. anyways yeah.... thats the end of my rant

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Type X &raquo;</TD></TR><TR><TD CLASS="quote">

The smart move would be get rid of the Si and get a fit or crv something more practical.</TD></TR></TABLE>

Considering the civic is incredibly safe, spacious (my 4 door easily fits 4 comfortably, 5 is a touch cramped but still goes), reliable, and gets good gas mileage.. I would say it's a pretty safe move in practicality. It's not like he's going for an s2k.

 

Baby on the way? Save money for diapers :-)

Seriously, don't be a dope. Save your money for your kids. The last thing you need to be doing is pissing it away on cars you don't need. Your family should come first.

Now if you really owned your car free and clear then maybe you could think about it but you owe 18K to a relative and you now want to assume another 24K debt. Kids cost many K per annum. Also your wife ain't gonna be earning much over the next year. Where's the money coming from?

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by bbRedSi &raquo;</TD></TR><TR><TD CLASS="quote">


pretty sure what he is saying WOULD happen if it did is this.....

The OP would "sell" his car to the other guy for 18grand, which the buyer would take a loan out for. The money would go to his family member and the title would then be signed over. Now the OP would take over the loan from the other guy which sits at 22.5, whether from a bank or the family member again. Plus then make up another 2 grand for the supercharger making the total 24,500. He is upgrading his loan by 6500, and the other guy is downgrading his by the same. There would be no double loan or any of that nonsense people were saying before. It is not a hard process at all, its just a matter of the difference in money.
</TD></TR></TABLE>

Exactly what I was saying. Don't just swap the cars and start paying each others' notes cause if he doesn't pay up you'll end up having to pay your family member unless you don't mind getting disowned and paying the note on your new car. Like I said, both just get loans to pay each others' notes so you can switch the names on the titles and cover your behind. It's not exactly a matter of the difference in money, but rather proper paperwork so you don't get screwed.

 

00R101

I don't know where you stand financially and I'm not a financial adviser or anything, but I agree that it's better to save your money especially with a kid on the way. That's definitely one hell of a deal though...supercharged FA for $24.5k with a warranty from the dealer. But then again you do have one hell of a deal with your family with a 3% interest rate. I say if you really want the car...have the guy get a loan to pay off your family member and if possible have your family member finance for this new supercharged FA too if he can give you an awesome interest rate again.


Modified by i-spit-hotfire at 1:00 PM 8/11/2007

 

didnt you just meet the girl your with like when you blew your motor....kid already?

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Type X &raquo;</TD></TR><TR><TD CLASS="quote">
You have a kid on the way... get a clue and act more responsible

The smart move would be get rid of the Si and get a fit or crv something more practical.</TD></TR></TABLE>


Your car should be on the bottom of the financial priority list. Your kid should be at the top.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by japspecjohn &raquo;</TD></TR><TR><TD CLASS="quote">didnt you just meet the girl your with like when you blew your motor....kid already?</TD></TR></TABLE>

why you gotta call him out dude. **** happens, just so long as he mans up and takes care of his offspring.

 

man up hahaha hes trying to dump money on a car......bite me

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by japspecjohn &raquo;</TD></TR><TR><TD CLASS="quote">man up hahaha hes trying to dump money on a car......bite me </TD></TR></TABLE>

bite you? is it 1992?

anyway dude it really isn't any of your business if he knocked up a chick he just met.

he's not dumping money into a car. he asked if it was a good plan. it obviously wasn't and you can only hope he listens to everyones advice.

 

to clear the air... yes i started dating this girl in june. apparently my boys were in a swimmin mood immediately. life happens. i'm not wasting money. i have to have a car, and since i still owe alot on this car and i just dropped 4k on a new motor, it isnt really wise for me to go to the dealer and trade in on a 4 door and spend another 4k. i'm going to try and find someone that has their car paid off (4 door) and trade them my si plus cash on their end. that way i get my note lowerd and can start saving money.

as for saving money for the kid. already doing it. set up a separate direct deposit account for my paycheck that is auto dropped into a savings account for the hospital bills etc. as for diapers, at the 6 month mark is when i will start stocking up. i have already prepped my extra bedroom in my house (which is completely paid off so there is one less bill i will have to worry about) to be the baby room. and most of the other stuff like cribs, car seats, toys, etc will be taken care of with baby showers and gift registries. our families are being pretty supportive. we dont have to save for day care because her mother is going to work her schedule around ours so that someone will always be with the baby.

also, i get maternity leave when she does. we work together and she has better insurance than i do so she gets like 6-9 weeks off work (paid 67%) and i get 3 weeks off (paid 67%). plus in january my job automatically fronts me 3 weeks of paid vacation, 1 week of personal time, and one week of sick time. so pretty much we have a few months of paid time off to because adjusted to having a child.

i appreciate everyones input in the matter. opinions are like ********, everyones got one and they all stink. i have already contacted the person about the trade and told him he would have to pay mine off and i would be paying his off. if i works out, great. if not, then oh well. i'll find something else that is cheaper and more practical for having a baby. the si is really safe, but i dont know if u can turn off some of the airbags and that scares me since they are everywhere throughout the car. hell i dont know what is gonna happen. i may get an old 4 door automatic civic and make that my baby driving car and just drive the si to work and what not when she has the baby. i'm trying to figure it all out now. she is 11 weeks pregnant today so i still have about 30 weeks before the child is born.

oh and i bought the coolest **** ever yesterday... went to the dealer to get an oil change and saw something i had to get... a baby onesie that says "future HONDA driver" how awesome is that! anyway, i'm babbling. thanks for all the input guys.

 

he posts his buisness on honda-tech...so its everyones...it bothers you more then him..ok im done.....good luck with the pregnancy and I wish you the best

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by japspecjohn &raquo;</TD></TR><TR><TD CLASS="quote">he posts his buisness on honda-tech...so its everyones...it bothers you more then him..ok im done.....good luck with the pregnancy and I wish you the best</TD></TR></TABLE>

but you put **** out there before he gave that explination.

 

enough dude like i said you care more then he does