Well, its been a hard fought battle. Between my business failing, and expenses going up (health insurance, property insurance, electric, labor costs etc), I have to give up one of my toys. Unfortunately the Corvette is the only thing I don't own free and clear, and with this, it goes back to the bank.

What does this mean? Well, for starters, I will have to reserve my driving with vehicles with no engine larger than a V-6. In conjunction with the loss of the Corvette, and poor choices for co-drivers over the last few years, it also means that it looks like I won't be participating in any more rallies. Whether it be a week long, or a short one, my rally days are over.

This comes as a great loss to me, both the car and the lifestyle, but unfortunately necessary in order to keep my home.

So, I bid the rally world, and the Corvette lifestyle adeau.

Possibly be able to do a rally again in the future as a Co-Driver, as long as I find someone that I can get along with (Like that will happen). Not my first choice, but at this point looks to be my only choice.

Extremely hard to hear that dale... Unfortunately it's a hard reality of the times and economic state we currently are living in.

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"the black saloons"

-Suede Headliners United Member-

All joking aside, I'm really sorry to hear that Dale. I hope things turn around for you.

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Dan

Damn that sucks. I made like $6,000 this week alone.

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And you brought this up why?

Dude, I'm gonna return all 10,000 shirts I ordered.

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Sorry to hear that Dale, must have been a difficult decision no doubt. Hopefully nothing more than a temporary setback.
I’m sure a man who looks as good in a dress as you is bound to be successful!

Dale, at times you were a pain in the ass and more of a diva than Leecee. That being said, it was my pleasure to have soaked you with a water balloon in DC. I always had a good time, either co-piloting the Vette or getting you thrown out of a bar in Maine. I hope things turn around and we will see you again. Best of luck.
You will be missed on the rally though, I can say that for certain.

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“A turbo: exhaust gasses go into the turbocharger and spin it, witchcraft happens and you go faster.”
-Jeremy Clarkson

Sorry to hear that Dale, hopefully as the economy turns around (again, hopefully), you'll be back in a Vette soon and back on the Rally.

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2008 BMW M5 6-speed
Silverstone II/Indianapolis Red/Aluminum
Enhanced Audio, 20-way seats with Active Backrest, iPod, Comfort Access, Shades

That really stinks man. Whats with the V6 limitation?

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Thats all my other vehicles have.

Well, looks like I won't be crossing over to the dark side (BMW) after all. Took my car to the bank this morning to turn it in, and the lady asked me if I had requested a loan modification. After a few phone calls, they came up with a plan. They are waiving 3 months worth of payments, and reducing my payments by $300.00 per month. I can live with this. So looks like I get to keep the little blue chevy afterall.

Awesome!

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Geez Dale, what were your payments at that they could chop 300 off them?

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2008 BMW M5 6-speed
Silverstone II/Indianapolis Red/Aluminum
Enhanced Audio, 20-way seats with Active Backrest, iPod, Comfort Access, Shades

Dale did you think of selling it before turning it into the bank and paying off the balance?

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"the black saloons"

-Suede Headliners United Member-

Upside down. Too much owed.

HAHAHAHA
Nice one boost, but my vagina is tighter, so I'm allowed.

true, dale's is all gross and sticks to chairs he sits on.

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“A turbo: exhaust gasses go into the turbocharger and spin it, witchcraft happens and you go faster.”
-Jeremy Clarkson

So now with the new loan modification are you right side up?

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"the black saloons"

-Suede Headliners United Member-

Congratulations Dale!!! I hope everything works out for you in the long run. Surely sounds like a huge positive! If you got any spare magic dust, send some this way!

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2005 E46 M3 -- The Blue That STILL Looks Good On You

Good to hear Dale.

Nick

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Doubt it, they probably refinanced it at a better rate for a longer term.

Scenario

I go buy a new M3 for $60K with 0 down at 3% interest for 48 months. Taxes are say an additional $4K

Payment is $1425 per month.

I drive the car for 10 months making my monthly payment, but now realize I can not afford it because I also purchased a golden toilet seat.

$1425 x 10 = 14250 - 2250 in interest = 12,000 paid.... or 64,000-12,00 = 52,000.

Cool I owe 52K on my newish M3, the market dictates that it is worth 45K. SHIT!!! My options include giving it to the bank or eating 7K and selling it.

Though...the bank will allow me to refinance the loan at a lower rate for 48 months again rather then take the car.

So now you have a loan for 52K at say 2.5% for 48 months.

Payments are about $1125 now.

Not to mention you could also probably go with a 60 month term to get the payments down if needed.

Glad you got to keep it!!

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Well then, you should think about dumping some of that to get your car working.

Its been sitting for what now, a year?

Foz....

paintball soon?

We are all getting the itch again. Prob do it one of these weekends.

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-P.T.
Suede Headliners United Member

www.blowneuros.com

Down like a clown