I was under the impression that he bought it while he was in Virginia. I'll look to see if I can find a reference to it.Jesstexas said:Up until 1998, he lived in Utah, I believe. And he bought the 1999 VX new, so maybe that check to Matrix is to pay off the car loan or to make up whatever payments he recently missed?
YES, I think I remember that as well.... something about driving by the dealership and seeing it, blah blah blah. I KNOW he bought the Ducati in Virginia, but now that you mention it I think I remember a reference to a Virginia purchase for the VX as well....Jenifred said:I was under the impression that he bought it while he was in Virginia. I'll look to see if I can find a reference to it.
He was in Virginia in 99. And he was married already. Then the purchase had to have been made between August 99 and Dec 99. Unless, this post was a flashback and he was referring to his fiancee at the time as his wife. (You know he is pretty poetic.)golfmom said:In 1999 I was driving by the usual Isuzu dealership when I spotted the VX in their showroom. I traded in my 1997 Blazer ZR2 SUV which had 33's, all chromed out and cherry red. At the time it was the hottest little SUV around. My wife was furious, but shortly fell in love with the VX. She still thinks of the VX as a horrible investment because of how much it has depreciated in value. I was a little disappointed too, but after thinking about it, VALUE IS IN THE EYE OF THE BEHOLDER.
LE must have thought that there might be some significance to the check if they took it, right?Jesstexas said:Up until 1998, he lived in Utah, I believe. And he bought the 1999 VX new, so maybe that check to Matrix is to pay off the car loan or to make up whatever payments he recently missed?
What's the maximum repayment term on a new automobile purchase? My used car, being less than 5 years old, got me repayment terms of 60 months. If it was new, I believe I could have paid it back over a longer period of time but I can't remember how long. Is there a standard or is that also based on who the lender is?SouthEastSleuth said:-In January 2004 he references that it will be paid for next year (2005)
-In February 2005, he posts that it's up for sale due to his financial circumstances, and that he's already a few months behind on payments
I THINK, and someone correct me if I'm wrong, but I think you can get new car loans these days for 6 years.JerseyGirl said:What's the maximum repayment term on a new automobile purchase? My used car, being less than 5 years old, got me repayment terms of 60 months. If it was new, I believe I could have paid it back over a longer period of time but I can't remember how long. Is there a standard or is that also based on who the lender is?
My question is this ... if the VX was supposed to be paid off in 2005, and he was a few payments behind as of Feb. 2005, how many payments could have been left on it before he owned it outright? It couldn't have been many considering how long he'd already owned it. Why give it up so close to when it's finally paid off? Unless he was more than a few payments behind but then it would probably have been repossessed already. Or could it be that he's been behind on it for quite some time, and has been paying just enough to cover the late fees and minimal principal, basically just treading water? Or were the finances so bad that he'd sacrifice a vehicle he loved with less than 12 payments on it just to get some cash?
Exactly. So why would someone give up a vehicle they claim to love so close to payoff? Unless I'm missing something, I don't get it.golfmom said:It just doesn't make sense to me. But not much is today . . .
I would think at this point it would be CHEAPER to hang on to it.
He knows it, so no surprise mechanical problems ... he's taken care of it ... and his payout should be less than what he could by even a used car for.
I don't know much about repossessing so I don't know if once a vehicle is repossessed the owner can reclaim it. BUT I do know for certain that Raven drove the VX to the funeral in Buena Vista, VA. I saw it in the parking lot which would make me assume it was never repossessed.SouthEastSleuth said:So in February he was several months behind in payments, but presumably that car was never reposessed, or at least not to our knowledge...
Actually, the repayment term doesn't even matter now that I think about it because he said it would be paid by 2005. Unless he was either planning on making a few double payments to pay it early or he was just talking to give a certain impression.SouthEastSleuth said:I THINK, and someone correct me if I'm wrong, but I think you can get new car loans these days for 6 years.
And I agree totally, it seems like that it had to be fairly close to being paid for.... but then again, maybe the circumstances in those last 6-8 months, with Eurosport, etc., had gotten him way behind in payments, even being that close to paying it off!
anneshirley said:I don't know much about repossessing so I don't know if once a vehicle is repossessed the owner can reclaim it. BUT I do know for certain that Raven drove the VX to the funeral in Buena Vista, VA. I saw it in the parking lot which would make me assume it was never repossessed.
JerseyGirl said:A thought just popped into my mind. Could it be that the check was post-dated and made out for his vehicle? To say a date in late May or June, (as if he was expecting some cash to come his way)? $1200 is a lot to wait on. For most of us, one paycheck isn't going to cover that.
There's got to be a reason that LE took that check. I don't believe that that's customary. There had to be something that made it stick out as if it might be pertinent as a piece of evidence.JerseyGirl said:A thought just popped into my mind. Could it be that the check was post-dated and made out for his vehicle? To say a date in late May or June, (as if he was expecting some cash to come his way)? $1200 is a lot to wait on. For most of us, one paycheck isn't going to cover that.
Yes, if I had searched properly, duh, I would have remembered you saying that previously anneshirley!! Thank you!!anneshirley said:I don't know much about repossessing so I don't know if once a vehicle is repossessed the owner can reclaim it. BUT I do know for certain that Raven drove the VX to the funeral in Buena Vista, VA. I saw it in the parking lot which would make me assume it was never repossessed.
golfmom said:Be hard for someone to repo it considering he's not be back *home*.
And yet with a vehicle like that, it'd be hard to not stand out, therefore making it harder to run, right? (didn't the VX website or Raven mention that that was the point of owning a VX-to stand out?)golfmom said:Be hard for someone to repo it considering he's not be back *home*.