guess what?

[Bella_Vixen]

...

I have yet another quandry.

I know, I know.

It's not like I plan this, you know.

Fave Ex® owes me $500. 2 years ago, I was in a car accident that totalled my Explorer (I'd sell my soul to get another one...), and he had a van that he was going to give me. The van needed some work done, to the tune of the aforementioned $500, which I borrowed from my Mom.

Turns out, the van was more or less fixable, but he deemed it unsafe for me...so he sold it :eek: to yet another ex of his.

Well, I finally paid Mom back, since I never got the van, or any other vehicle, OR the money back.

I reminded Fave Ex® that he owes me either $500 or a vehicle...and it turns out he has a truck available...but it needs a new transmission.

My problem is this: he needs money to get the tranny...and I have reservations about giving him the money before I get the truck.

::sigh::

What to do?

And then another issue: do I even want the truck?

It was initially going to be given to my nephew, but he's more or less moving back to GB to start his new job in 2 weeks. Should I still give it to him? Mom says I should, and have nephew pay me back for it. Problem is, the job isn't what you'd call steady. He could work for anywhere between 1 day and God knows how long, and then will go for weeks between jobs. (I know this because his mother works for the same company.) Which means it would take forever to get the money back from him.

Or I could keep it for myself, but I'm not much into pickup trucks. Plus, I have a car.

Or I could talk Becks into it, since she doesn't have a car of her own.

I can't talk the ex into giving me cash, because he doesn't have any. Otherwise he would have paid me back immediately.

::double sigh::

[Ljt09863]

ok you really threw me off there, cause i read Fave Ex as FED Ex..... i kept wondering who this 'he' was until i reread it....

[Aethian]

Same here on the fed / fave ex part. :p

As for getting the money or getting a vehicle you said you have a car so you don't need a vehicle. Maybe you could talk him into making payments and you set up a ledge where you could write how much he paid, the date he paid, and then make him sign it saying that he knows you wrote that down. Then giving him a reciept with the balanced owed.

That way he pays you back but it doesn't have to be Now Now. You could tho set a time limit of say a year on this 500 bucks. Heck ten a week he has two weeks before the end of the year. And ten never seems like a large amount.

[Becks]

Thanks for thinking of me, big sis, but...

No offense, but there's no way in hell I'm gonna pay NJ rates for car insurance.

[Bella_Vixen]

I forgot about that part, homechicken.

[Becks]

It's all good, homefry.

[Jester]

You obviously don't want the truck. So don't take it.

It seems equally obvious that the nephew probably can't pay you. So don't get it for him.

Find some way for Fave Ex to pay you back, whether in installments or after he sells the truck. Better yet, suggest that if YOU sell the truck for him, YOU get the money for it. There will be people willing to buy a decent truck even without a transmission, if they want to fix it up or use it for parts or whatever.

Just a thought.

[myswtghst]

Really, I think this question should be first:

And then another issue: do I even want the truck?

Determine first if the truck is an acceptable substitution for the money owed. If you can use the truck, or have someone around who could, go for it. If you really would rather have the money, don't compromise - he owes you the money.

My problem is this: he needs money to get the tranny...and I have reservations about giving him the money before I get the truck.

If you do decide to go this route, make sure you get it in writing, signed by him, that he owes you $500, as a solution, you are fronting him $XXX.XX to have the tranny replaced/repaired, and that the truck will be yours once the repairs are completed. See if you can get the title changed over before the repairs are completed, if possible.

Or get the truck, tow it if you have to, and have the transmission replaced yourself.

I feel for you. I had to go all sneaky to get money an ex owed me - he did yardwork for a mutual friend (E) and was supposed to get paid for it, E turned around and gave me the $$ instead. :D

[iviles]

I agree have anything you both agree on in writting! Seen enough Peoples court to know that something so small means everything on if it was a gift or a loan.

[draftermatt]

1. Get Kelly Blue Book value for truck (kbb.com)
2. If KBB Private Party value is above $500 take it as is (but make sure you get everything signed over to you before investing any money in it)
3. Get quote to get tranny repaired yourself
4. If too high sell truck as is for $750 or best offer knowing that you won't go below $500, if the quote isn't bad get the truck fixed and drive it, sell it, or do whatever with your nephew.

Make sure you and the nephew get something in writing between you and he about payments, then make a mental note to stop loaning money to Fave Ex as I know this isn't the first thread you've asked for advice about him and money.

If the KBB is below $500 get something in writing, signed and notarized that he'll pay you back in installments, and again, don't loan him anymore money!

[crazylegs]

Right, here goes

If he owes you money why would you consider giving/lending/whatever more to him?

Cash is always more useful than a beat up vehicle that doesn't work and may never do.

You've stated that you'd rather have an explorer, well the $500 he owes you should go some way towards that me thinks.

Just my twopenneth worth.

[Shangri-laschild]

I don't think you should take the truck. If you decide to, have him sign it over to you before you put any money in to it. That way he can't sell it and it's completely yours. Something to keep in mind, transmission work tends to be expensive so just needing a little transmission work isn't a small thing.

[Slytovhand]

Ok - my turn....

Pretty much what the other people said (except for maybe Becks :P )

Money is a definite amount - the truck isn't... go the cash.

Make a deal with him - if you don't get it within 3 months, be his pimp and he can sell himself on the corner to whoever wants it, til you're paid back :D That way he'll know you're a pain in the ass to borrow from in the future. (not that you're ever going to anyways.... but if word gets around, maybe no-one else will ask you either ... win-win :D )

As for signing forms - I think it might look nice if you took it to a civil court - but what's it going to mean if he doesn't have the money, or really doesn't want to pay you? And it sounds like you don't trust him anyway - so it's not really going to change a lot.

As the others have suggested - if the truck is worth more as scrap, take it. If not, get the cash... or his ass! :D


Slyt

[Bella_Vixen]

We may have a solution...

I talked to my nephew. He'll take the truck and pay me back for it, on the condition that it ONLY needs a new tranny.

He'll take it as is, and he, his brothers, and his step-dad will work on the tranny. They all are handy like that.

All I have to do is pony up the dough so they can rent a car dolly to get it to GB.

I'm liking this idea.

Now all I have to do is get ahold of Fave Ex®.

[BookstoreEscapee]

My ex owes me a lot more than $500...at the rate he is supposed to be paying me back it will take him nearly 4 more years. At the rate he is actually paying me back, well...:(

So yeah, no more loaning money to exes. (He wasn't ex when I loaned the money, which happened on several occasions and just sort of added up to :eek:, but the money is a big part of why he is ex...on that note, I better get a Pablo visit and a check very soon..!)

Hope everything works out like you are planning! :)

[Becks]

May you and Face have good luck with it.