Tuesday, March 16, 2010

Navigating the Financial Labyrinth

So as you know, I went from a Peugeot 306, and was interested in purchasing a Nissan Primera, but needed some monies to embark on the journey.

So I first checked out my credit union, and their only initial concern was the age of the vehicle but I pointed out how good a condition it was in and they said it would have to be evaluated.

Cool usual process of search, etc etc
Things going well, ok enough interest rate and payment plan.
Jason was real helpful throughout the process, and as far as could be told it was a done deal.

Boom one day, the loan officer I had been dealing with called me with some concerns about the insurance coverage.
Now I didn't see what concern there could be, because the same brokerage company who had covered car previously were willing to continue insuring it and were giving me the option to pay half of the yearly premium upfront and the rest at the end of the month.

Made a great deal of sense to me to take the option, and try to ease de financial tension, but apparently that was a concern to the supervisor.
So me in my confusion tried to explain that the coverage would be there, blah blah blah...but they didn't wanna hear it.

So it was like, buh wha jed? (but how could this be? for non trinidad and tobago readers)

So I explained the scene to Jason and started to check out another insitution, a particular local bank.
But their interest rate was not coming with any vaseline and so the whole deal got catspraddled as I had no other way to afford that Primera.

And I had to just relax and hope for the best.

So I was back to square one, no car, no automotive lab, no practical learnings.
So I read a little bit and just kept searching trinituner for options.


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Frustrated Wannabe Amateur Tuner

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European Exodus
RX7 Genesis

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