Can't Make Car Payment - Bankruptcy or Repossession?

[zinfamous]

So, yeah, this thread didn't derail, it became a trainwreck.

I predict that it hasn't even hit the iceberg, yet....

 

[destrekor]

Seriously though, cheez, I don't care who you are, what life you are actually living, what former scams you may have perpetuated, or whether or not you are a troll.

Stop what you are doing, right now. Look up local mental health care groups. Sit down at least with a therapist to start and get a feel for what is going on, and if there's a recommendation for an evaluation with a psychiatrist, jump at the opportunity.

You have things you need to work out to be a better you. Even if you are just a troll in the end, the behavior is not healthy. It's often a symptom of a very negative mindset that, if allowed to perpetuate, has a strong chance at derailing your life.

I'd offer to help more than that, but web advice is rarely followed, as much as I've tried to give it to similar posters in the past. Call me cynical I guess. But a cold dose of reality is best served by professionals; even if your first experience is sour, stick it out and if need be seek a second opinion or just find a different doctor who you connect with better.

 

[mindless1]

If you owe more on the car than it's worth and the bank repos the car...you'll STILL owe the bank for the difference between what you owe them for it and what they sell it for...for example...you say you owe them $8000 and the car is worth $5000...so they'll probably wholesale it or send it to an auction where they'll get $3000-$3500 tops...you'll still be on the hook for $4500-$5000.

WHAT? No. If the car bluebooks for $5K, it'll get closer to $1500 at auction plus fees, fees, and fees, and fee-BS, it ends up closer to $0.

Do not let that happen if you don't want to get further into a hole. You should always try to beg borrow steal sell a car instead of repo.

However bankruptcy is not thousands of dollars. You can file yourself for some fee, I don't recall the amount but it's a few hundred.

 

[AdamK47]

That is a parody though, right? the caps on those plugs look like cream cheese frosting. There is nothing even about it, nothing machined, nothing pro. It's just shit slapped on it. ...and the bedazzling....it makes no sense.

That is a joke, right?

Those are tiny crystals. If they work in time machines just imagine what they can do to audio.

 

[mindless1]

Locked in by God. I came to God 3 years ago. That's when I gave up on Patrick's cables and other nice stuff, my house, my expensive car, etc etc. After seeking God and receiving him things turned upside down. Life became very hard. I couldn't keep my job, any job, for any good length of time as I get attacked by the devil. That's why it's so hard to keep my job for long. Things have been so difficult and painful.


I'm still in an apartment so why would I need to walk all the way to Walmart a mile away from here to use their restroom?

At this point, if you are sincere, you need to look at what your devotion to your principles is costing you and where you stumble on a solution.

What attack does the devil use? I mean everyone has some moral issues with certain kinds of work, wouldn't want to contribute to the prosperity of someone who treats you badly, but what do you see as work that you should be doing?

It seems like an introspective issue, that you just need to find what you want and are comfortable doing. Others may take a hard line about doing *whatever* and I can understand that because their argument seems to be coming from having a lot more to lose because they built up so much that matters to them.

You are in a transition phase and while it's best to mitigate the loss on the car, if that is more than you can deal with right now, worrying over it doesn't help if there is not action following the worry. Act or don't, but don't let it eat at you.

Do you have any biological propensities towards depression or anxiety that might be grossly exacerbated by chemicals? Caffeine, cigarettes, alcohol, let alone harder drugs, are things some people can tolerate more than others. You should rule these things out and I suspect that you know what I'm talking about but haven't made that leap.

If you want to live in the woods, it seems more anti-social than financial. If that is the case then you need to seek more like minded individuals. I mean that sympathize with your beliefs, not that also want to hide in the woods.

 

[Red Squirrel]

You can buy a respectable used car for under 8k, so just consider that. Just return it, eat the cost, and then save up and buy used. Or buy used on credit line if you think you can make those payments.

 

[Paladin3]

There is no easy answer, cheez, get a job. Eventually you will run out of people to try and garner sympathy and help from, if you haven't already.

 

[IndyColtsFan]

There is no easy answer, cheez, get a job. Eventually you will run out of people to try and garner sympathy and help from, if you haven't already.

A second piece of advice for cheez - when they ask what you’ve been doing for the last few years, don’t say you’ve been selling $40k power cables. That will just tip them off to the fact you’re a con artist.

 

[William Gaatjes]

I just had to Google the unreal power cables and found a youtube video on them.

"Name and serial number done with crystals for best sound"

"Tree sap/crystals in the perfect ratio"

Holy crap what a scam! I mean I already knew that any cable for consumer anything at that price was a scam but come on, the serial number on the outside of the cable in crystals for best sound?!? And who the hell spends $60K on cables for $1,000 in speakers???

That is almost the same size as the 400V / ~500A ish cables we used for a project at work.



edit:
Seriously, the op appears to me like a schizophrenic with auditive hallucinations who really needs help.

 

[pcgeek11]

He pretty much explained it here:



It's the Devil making him lose jobs. He needs the kind of help that we can't give him, and financial issues are the least of his problems. Recall that he also said his family is helping him pay for his apartment or whatever, but apparently living with them is not an option.

....now I am recalling his feverish devotion to those audio cables which made about as much rational sense as his belief that the Devil is wrecking his life.

I see now, he is a lunatic.

 

[paperfist]

Find the Facebook group for your neighborhood/city.

Offer to do mobile car cleaning/detailing. Buy supplies using your credit card. Charge $50-100 per car. You'll clean up.

$50-$100? I'll take 15 cleanings please. Here $130 is the start and it's not that good.

 

[bradly1101]

Hi guys,

I have a car that I am unable to keep up with the payments. I owe money on the car and still have 2.5 years left to make monthly payment. The car is worth around $5000. I haven't checked, but I think I still owe $8000. Can I have bank to repossess my car by telling them I can't make payments anymore? Or do I have to file bankruptcy to do this? How and what will affect me? I'm new to this. What complications will I run into if bankruptcy is the only choice.

Let me know guys. I've been serious financial troubles.

Thanks

I have no idea what those pricey things are in your signature, but if you can sell them (and that's their worth) there's almost $50K right there.

 

[mindless1]

That's why he'll clean up, undercutting competition.

It might be your location though, around here (major city) I can get vac/wash/wax for $100. More elaborate detailing, tar and bugs, or SUV closer to $150, on craigslist all day long.

 

[mindless1]

I have no idea what those pricey things are in your signature, but if you can sell them (and that's their worth) there's almost $50K right there.

That's where the problem started, trying to sell absurdly overpriced snake oil audio cables.

 

[bradly1101]

I apologize if this sounds flippant, I do not mean it that way at all. Seeing another suffer like this isn't easy. If you can't hold a job or money or a business or a car, there are things you can work on personally to correct all that. If you believe that money is your problem and your solution, there will be no solution. Please don't end up on the street. Please fix the clearly very fixable stuff. The cable business reminds me of Monster Cables. Oh dear god who would throw money down the toilet for those? If you can't get along with people outside of sharing your suffering, there are tons of manual-skill jobs where you are just flippin' burgers or whatever mostly away from people.

If you drink alcohol, right there is a correctable personality defect full of suffering, isolation, and bad health/relationships, and there is tons of free help with that.

God has no interest in paying your bills, and she has given you the only tool you need to fix that yourself, your brain.

 

[JSt0rm]

hey cheez how will audiorocks help me and my setup...

 

[bradly1101]

So cables. Dude, I only see that very honest soul-searching will get things on track. In my eyes you were in the business of being dishonest. That only seems to work (for a while) if you have TONS of seed money AND tons of rich sycophants around who can write-off losses. Then perhaps the presidency.

Otherwise we truly reap what we sow. Morality isn't fixed in place unless you do that to it. For me to say to get smart or humble, or empathetic, or compassionate, or kind sounds silly to me. I learned that stuff from The Hardy Boys, the Boy Scouts, Martin Luther King, Zen Buddhism, my mom, and the greatest man in my life, Eljon.

Learning things is what the brain does. While volunteering with homeless people we recruited other homeless who had clear heads to work with us. They got the huge rewards that come with the opposite of ripping people off PLUS cash (not small amounts) for a job well and humbly done. Volunteering well has led many to good jobs.

Society's the most cruel, ironic joke I've ever seen. Pulling out of the perceived need to win while others lose is the only way I've seen to work it. I was Mr. Humble electronic tech. It turns out that that is very unique. It led me up ladders I never imagined (see my sig>My Shared Docs>College Work Stuff - esp. Tech Career Stories). Structurally your brain is just like Einstein's and Hitler's; you can do with it as you please.

I don't see you going to jail over debt, but if your customers ever put an oscilloscope on those cables, I don't see zero chance of that.

 

[zinfamous]

hey cheez how will audiorocks help me and my setup...

What do you know about anything, Hans Zimmer?

 

[JulesMaximus]

Go talk to the lender and explain that if you can't come to some kind of payment arrangement with them, they'll end up with a repo that they really don't want.

Depends on who lent him the money. Car dealers will repo and sell it. Banks generally don’t want the hassle and would be more willing to work with you.

 

[squirrel dog]

I googled Coconut Audio , and came across some strange , sad you tube videos . The last one I watched showed Patrick812 in his jacket , sad .

 

[purbeast0]

So the guy who can't afford to pay for his car owned or owns $200k cables? From his comments in his video posted earlier...

I have owned cables worth $200,000 from other companies. Check my old videos. I even cut Nordost Valhalla cables to pieces, I had no problem affording them.

Okay...

 

[William Gaatjes]

So the guy who can't afford to pay for his car owned or owns $200k cables? From his comments in his video posted earlier...



Okay...

This cannot be real :

http://www.nordost.com/valhalla-reference/power-cord.php

Thanks to the application of our latest Dual Mono-Filament technology our Valhalla 2 Power Cords set an unprecedented margin of performance over the competition. The cable consists of 7 solid, silver-plated 16 AWG OFC conductors, each suspended in a Dual Mono-Filament matrix. The separate solid core conductors eliminate strand interaction, hot spots, and carbonization, which can occur in stranded cables. Unlike conventional power cables, which have propagation speeds that are less than 50% the speed of light, the Valhalla 2 Reference Power Cord has a speed of 91% the speed of light. Extruded FEP insulation used in V2’s construction is superior to all other materials. It has very low signal loss and high thermal efficiency, causing it to dissipate heat quickly. The use of FEP in a Dual Mono-Filament construction means that power is transferred more effectively, while the low resistance of the cable keeps power loss extremely low. The result... truly superb sound quality.

 

[Kaido]

Thanks to the application of our latest Dual Mono-Filament technology our Valhalla 2 Power Cords set an unprecedented margin of performance over the competition. The cable consists of 7 solid, silver-plated 16 AWG OFC conductors, each suspended in a Dual Mono-Filament matrix. The separate solid core conductors eliminate strand interaction, hot spots, and carbonization, which can occur in stranded cables. Unlike conventional power cables, which have propagation speeds that are less than 50% the speed of light, the Valhalla 2 Reference Power Cord has a speed of 91% the speed of light. Extruded FEP insulation used in V2’s construction is superior to all other materials. It has very low signal loss and high thermal efficiency, causing it to dissipate heat quickly. The use of FEP in a Dual Mono-Filament construction means that power is transferred more effectively, while the low resistance of the cable keeps power loss extremely low. The result... truly superb sound quality

Nice, thanks for the deal link! These will go great with my Monoprice speakers & Lepai amp!

 

[crashtech]

She came from Planet Claire
I knew she came from there
She drove a Plymouth Satellite
A-faster than the speed of light

Planet Claire has pink air
All the trees are red
No one ever dies there
No one has a head

Some say she's from Mars
Or one of the seven stars
That shine after 3:30 in the morning

Well, she isn't!

She came from Planet Claire
She came from Planet Claire
She came from Planet Claire

 

[Red Squirrel]

hey cheez how will audiorocks help me and my setup...

There's no way that's your desk, I need you to hold a sign to prove it.