Surewhitey
Thinks s/he gets paid by the post
So MIL went out to the car lot to buy top of the line model. Rolling in some lost equity and financing 10 years. We didn't know about this until now, 2 years later. She still owes $31k and doesn't want to pay the $500/mo now. She's wanting to move out (divorce with a prenup) of her 5th husband's home and can't afford it. He's not on the car loan.
We thought of buying it from her for $20k+our $2k beater (she would have to pay the additional $11k to make her "feel the pain". Don't really want the car, but it will help her and sis in law who can't afford it, but was going to do the same anyway.
Sounds like a country song...
Any words of wisdom? Thanks in advance.
We thought of buying it from her for $20k+our $2k beater (she would have to pay the additional $11k to make her "feel the pain". Don't really want the car, but it will help her and sis in law who can't afford it, but was going to do the same anyway.
Sounds like a country song...
Any words of wisdom? Thanks in advance.