Subject: RE: TAN 74... the day that TAN disapeared :DBackground: I have a friend of mine who told me he wanted to buy my motorcycle if I ever decided to sell it, which I decided to do last October. He agreed to buy it, but needed to wait for his tax returns. Said he'd give me money to cover my payments until January and if he didn't have the money I could keep the bike and the money. There was misc. BS traded from Jan to now about why he didn't have the rest of the money. Now "the bank is telling him he can have the loan in August." He's willing to "give me 2x the payments plus the cost of insurance until August." Now, the money thing happened for 2 months the first time around. Issues: - I don't know if the bank is actually approving him, or if they just flat denied him and told him he'd have to wait 90 days to apply again. (Which would be July/August)
- He didn't come through with 100% of the money the first time, so why would he the second time?
- I'm dangerously close to over-extended between the motorcycle payments and paying for my tri-bike. So as much as I would love to keep both I need to sell the bike.
I've told him that I need to think on it because I'd (possibly )be seriously SOL if August came around and he couldn't come up with the money. (The possibly would depend on my bonuses and making said bonuses ). What would you do? I'm really leaning towards telling him I can't risk it and just putting it on ebay or something. |