Friday January 25th, 2013 – Fox Lake, IL
Sometimes the right thing to do is to cut one’s losses and move on. That’s something I have not been willing to do as often as I should have in my life, and it’s only brought more heartache upon situations that have already proven to be losing propositions. It’s time to try something different.
This nightmare situation with my ‘free’ car has been a flat out disaster. Well meaning intention or not, I just can’t afford to keep getting kicked in the ball joints like I have been and I need to go in another direction. I’ve painted myself into a financial corner and this couldn’t come at a worse time, but when is a good time for any problem? They show up like bad relatives that won’t leave.
I’ve been keeping my eye out for a different car of late, and I found it. There are no guarantees with any used car unfortunately, but this is a calculated risk I feel I have to take. I need to have a dependable car to get to gigs, and also as a self esteem builder. Driving ratty cars is getting old.
My plan had been to drive the ’94 Nissan for at least a year, and save some money to move up the food chain and buy something at least halfway decent. My credit is so far in the toilet I doubt I’ll be able to get a car loan in this lifetime or the next, but that’s where it sits. I’m in a tight spot.
The car I found is an extra clean 1995 Toyota Camry. It’s only got 95,000 miles on it, and it’s a one owner car from Wisconsin of all places. There are written records of all the maintenance that was performed and the original owner took it to a Toyota dealer exclusively. It’s been cared for.
I’ve had several Toyotas from that era, and loved every one of them. They handle well, and get great gas mileage. The only reason I got rid of any them was that they were hit and totaled out by the insurance company. Had that not occurred, I’d probably still be driving one to this very day.
There’s no guarantee this one won’t get plowed into as well, but I am going to roll the dice and go deep into debt to get it anyway. I’m juicing up my credit card as far as it will go, and I haven’t been one to do that as a rule. I’ve saved it for emergency situations, but this is starting to qualify.
It was getting to the point where I was sticking more into that Nissan than if I’d had a loan on a brand spanking new Cadillac, and I just can’t see that continuing. I’ll send the Nissan through the auction, and that will go to pay off the credit card. I’d prefer not to do it that way, but right now I have no other choice. This is an opportunity I feel I need to jump on, and I’m not going to flinch.
I can’t help but be reminded of the people who owe me money from years ago, and if I had that I could have paid cash for the Toyota and had money left over to throw at my IRS bill which also needs to get paid sooner than later. This is a very painful lesson, but rather than stew in what I’ve blown in the past I need to forge ahead and get myself out from under this mess. It’s a tough test.
In the short run, this is a stressful pain in my differential. The last thing I want to be doing right now is farting around with changing cars – especially in the winter - but in the long run I feel I’m making the right choice and hopefully it will free me up to keep myself on a good track for 2013.