I cannot get a loan for my Jeep repair. I can’t say that I really blame RBC either. If I owe 18k on the Jeep now (not sure what the exact amount is) and then I add on 10k to get it fixed, that comes to 28k on a vehicle that may only be worth 14k. So, I understand how they look at the situation.
Now, if I had perfect credit (which, unfortunately, I don’t), I might be able to get a 10,000 loan without much trouble.
So, there is another possible option that I am not really counting on. I have a fairly large locked-in RRSP that is being transferred to RBC. There is a possibility that I can take some of the value of that RRSP and convert it to cash. I would pay tax on it, but then I could get access to the money I need. I am not sure if I will be able to do this and quite frankly, I doubt that I can, but it is worth a try anyway.
If I can’t do that then I am left with a few options that aren’t too appealing. I won’t continue to pay for a vehicle that I can’t use. I do realize that it isn’t TD Financial’s fault, but, they are the ones that I would stop paying. I am sure that they will send it to collections – that can be annoying. I am sure that they would sue me – that would likely be annoying as well.
Anyway, I will find out on August 20 or 21 what’s going on. I am the type of person who doesn’t worry about such things though. Really, why bother? I can’t change the situation. I know what the options are and I have given thought to each of them but I don’t dwell on them – that’s unhealthy – it causes stress and no one likes stress.
So, I continue to be vehicle-less and that isn’t going to change any time soon. Even if I get access to the cash I need in 10 days from now, it is likely going to be another month before I get the Jeep back. That’s the middle of September…
I am going to actively pursue moving downtown. It’ll end up saving me a lot of money and I will be able to get home at lunch for the dogs. Right now, Blondie is crated during the day because she wasn’t able to be “good” all day long. I may look at purchasing a pen for her so she isn’t in a crate – not sure on pricing. I will be able to walk to work and, if I do get the Jeep back, I will save on parking and gas. Right now, I am spending somewhere between $1100-$1200 per month for it – payment, insurance, parking, gas – that’s nuts. If I do get rid of it, that’s a crap load of money that I could save.
Time will tell what will happen – I am looking forward to this saga being over.