Some have said that $70k isn't worth accepting to cut all ties with the GM company. But what possibilities are there in taking approx. $51k (after taxed) to "start over"?
120807
General Motors will have to fire 100,000 American employees before the end of 2009\n\nIt is impossible to pay $5.15 PER HOUR to American employees when you can pay $5.15 PER DAY to Mexican employees.\n\nChinese Cars are coming to the United States of America in 2008\n\nCanada is actually giving money to GM just to keep their plants open.\n\nThey have announced 12 plants closings. However, they really need to close at least 15.\n\nGM is almost broke.\n\nIt will have to sell at least one brand just to stay alive.\n\nSaab, Vauxhall, Holden or Saturn are the most likely to be sold.\n\nMy advice to all GM employees:\nTake the money and run.
444911
That's a lot of money to just let go.  If it were $1,700.00 then I might just whoop his a** and let it go but for $170,000...are you kidding?  Some attorney might take the case and it's free to check it out.
265942
I'm so sorry about your loss.  I've been there and I know it's tough.  Talk to the funeral home and see if they have payment options.  I would advise against taking money out of you company's retirement plan - 401(k).  The penalties (10%) and taxes (15-28%) make it unprofitable.  Plus you lose all the interest/time the money would be working for you.\n\nCheck with your bank.  If you're a good customer, they may make you a personal loan.
588064
Welcome to Canada!  Be careful.  You might be jumping into FIRE.  Visit our Canadian websites and view the immigration requirements.  Yes!  You have to live here for three long  years before you become a citizen.  Jobs!  what's your qualification.  Are you self employed?  Which province are you considering?  Our country is very clean,  beautiful indeed, but like everyone else, we have our share of problems:  politically, economically, socially, in fact all the allys (allies) you can think of.  Please think carefully, we have the same tax problem.  Eg, 15% on good and services.  Does that sounds real?  Are  you willing to pay that much?  One decent bedroom apartment can run you from $799 upwards.  The reality is, you can run but you can't hide.  Tax is everywhere.
96296
im thinking starting value at $100k
245098
At 7% for 360 months your payment will be $1516.89. You want your DTI to be below 50%, thus $3,050.00 would be your mark.
220178
Let me tell you the minus part-\n\nBought my grandmas home valued at $595K, took out a loan for 436,000.  Plumbing was $6000 off the bat, interior painting, wall paper removal $1500.  Tons of homes in her area have come up for sale 495K-630K, and a few closed after 3+ months for sale.  Decided to rent the place for $2200, loan is $1750, insurance $90, and property tax is a mess right now.  Rent not covering the PITI ( even on neg am loan).  Gardner's raised fee due to gas, I pay water and trash. \n\nIf I sell, I am subject to capital gains on any money I make.  Based on price I paid, that was never disclosed cause there was no contract I am in a bit of a mess.  They can actually base my capital gains off the price my grandma paid on the home $19,000.\n\nUnless your related to Donald Trump, I would stay away from the real estate investing until you get a grasp on the entire picture.  I am finding it incredibly hard to remember what the basis was for deciding to take on another property.  Even with my own personal income 10K month, & rent for the home I am finding it necessary to balance my checkbook for the first time in my life.  It may turn out great down the road.  To date, its taken entire days away from my regular job, required more up front money then budgeted, caused a potential tax mess, and the worse time to try and sell in a historically desirable neighborhood of custom homes.
155115
Hmmm, that's rough.  In cooperation, do you mean they won't drive you or pay for it?  Maybe if you could help arrange your own transporation and financing, they will see how much it means to you.  Is your grandma a soft touch? Maybe ask a grandparent to help if possible, or an older sibling if you have one.  good luck, always go for your dreams!
72808
In my experiance the dealerships have always had the best deals for financing. It all depends on your past credit, but more on how much you make and what other bills you have too. If your total of monthly bills goes over a certain percent then you have to many and the banks wont want to give you the loan. I wouldnt deal with online banks, just for the fact that you can never see the people or walk into the place. It will probably result in a lot of phone calls and you'll be lucky to get a real person on the line. When I went to buy my last car. I checked out a Chevy dealer on a car for 13 grand, and they wouldnt finance me. My local bank would give me 12 grand at the most. So I went to the Honda Dealer and they hooked me up with a $17,000 Accord. I didnt even need a down payment and the job I had at that time paid me like $700 a month. I got lucky I guess. My car payment is $320, I do have a much better paying job now of course. If I were you, I would try a local place in Texas or maybe a few different banks. Dealerships should be your best bet. Cars from Iowa are more likely to get rust, because we salt the roads heavily this time of year. I would love to get ahold of a car from Texas. Hope this helped.
197314
This is an easy one!\n\nSpending $1295 a month on transportation is pretty much acceptable, and you really are getting a darned good deal. \n\nHowever, kicking that number up to $1357 puts a whole new spin on things, and the deal is suddenly sour. \n\nSo, yes, I'd expect an increase of $62 in your monthly transportation budget to just plain shut you down. I'd imagine you'll no longer go anywhere, will probably lose your job and all of your friends, and will be reduced to watching reruns of Gilligan's Island and spraying aerosol whipped cream into your mouth until is comes out your nostrils.\n\nI also think you'll be bitter and disappointed. You'll write a novel based on your experiences, it will be deemed worthy of the Pulitzer prize, and you'll suddenly have the expectation of an income in the millions of dollars. That dream, too, will be dashed because the mail truck won't bring your check because it's too expensive to drive. \n\nThose oil mongers! Darn them. Darn them all!
671516
Tricky situation, but let me give you advice what I did after I graduated from college. I worked for three years in Telecoms, then I decided to work for myself, but it was hard to keep good workers..I later invested in wholesale rings and watches. I get permits and set up at corners on streets and malls and such. I make over $82k a years doing easy stuff. Something to think about and it is rewarding too. meet new people from all over. I plan on going to Atlanta next week and set up there and make a few bucks. When the Super Bowl came to Atlanta I made over $15,000 in one day. I'm telling ya wholeslae distributors make money and so do you. The items sale themselves.\nYou can file your taxes at the end of the year so you have to discipline yourself with the money and set aside your living expenses and the rest is IRS and profit.
468328
They probably don't want to go through the cost of taking your car back, so continue to insist on working out a payment plan with them.  Ask for the supervisor, and whatever you are able to agree on, get it in writing.  If you can't get anywhere with them, however, I would consider getting an attorney or nonprofit debt counselor involved who can negotiate for you.  Daily phone calls are harrassing and can be illegal.
659384
That's not a good FICO score, but (American) auto manufacturers are getting very desperate.  Who knows... someone at "the big 3" dealers may go for it.  Watch out for extreme interest rates though!
70109
You failed to negotiate this at the outset but if you don't ask then you STILL won't get it.  You have nothing to lose by asking for "some" assistance.  Maybe asking for a "partial" allowance may make it easier for the bosses to say yes!  Check with your tax preparer on what exactly you can claim for mileage, I know that you can't claim miles to and from work (and MOST travel allowances don't pay that either), but I don't know about miles during work.
640310
If it's not completely paid off, then they will apply the negative equity (the amount you still owe) to the new loan.  The only way to do an even trade is to pay it off and then find a car that has the same worth (go to kbb.com)\n\nHonestly, I dont think you can do what you want to do.
472691
OK - just so you know, I have a full C Corporation and three LLCs that I am currently running.\n\nYour first statements are correct - and yes, I would suggest getting an EIN for your LLC as that adds more credence to the fact that you are doing business as a company when you file your taxes (http://www.irs.gov/businesses/small/article/0,,id=102767,00.html)\n\nOK - the very next thing you should do (even before transferring the vehicle or worrying about legal issues) is to find a really good accountant for a LLC - this will be a LOT HARDER than it sounds.  As I have already noted, I found one that is both an accountant and a tax lawyer (even more rare)!  You want to find someone who really understands a small LLC and is willing to push to get all the tax benefits for you that are legal in today’s tax code.  Many accountants do not really understand the tax codes for LLC.  This one item can save you tens of thousands of dollars in very short order!\n\nMy advice here is to read the book Rich Dad Poor Dad (if you have not already) and use that as a basis to question accountants to see if they know how the tax codes work for small C corps.\n\nThe next thing to do is start setting up your advertising to be as much word of mouth as you can possible stand (good way to use that vehicle to mentioned to get around to network and meetings).  You want to plan as best as you can to ensure that you have as much cash flow as your company will need.  Depending on the type of business you are in, there could be any number of natural ups and downs that you will need to plan for.\n\nAs for the vehicle – again the accountant should be able to advise you best.  I have been told that the safest way to have the company own a vehicle is for the company to lease one.  This then become a full write off.  Yes, you will still need to keep track of mileage and/or other information as directed by your accountant.  The LLC can also put money in a 401K or other retirement plan for you and your employees.  \n\nYou should set things up so that medical expenses are paid by the LLC.  My wife retired with a good pension and medical benefits (although the company is cutting back on retiree benefits now), so in my case, my C Corp picks up all unpaid medical that is not covered by the insurance company.  Also under medical can be health club dues for medical reasons – thus one of my LLC’s has a fitness complex that is on it’s property that my C Corp then pays dues for the use of it.\n\nYou might also want to check you local area to find out if there are other small LLC owners.  If so, you might want to ask them to join you in developing a master mind group where you can all share ideas on everything from building your organization to benefits from sharing resources (like accounting, purchasing office supplies, payroll services, etc.).\n\nThus you are right – there are a lot of tricks to the trade of learning how to run a LLC to benefit you and the company and also pay your legal (albeit small) amount to Uncle Sam – play like a big boy using their tools in a small company.\n\nGood Luck.\n\n\nAlso, you probably already know the following, but just in case, here is what I typically recommend to those thinking about starting out in business:\n\nAnytime you want to start any kind of business, there are several basics that you will need:\n\n* You should first sit down and think about what it is you want to do and then write out the scenario in detail!  This may sound tedious, but it will help you clarify what it is you are thinking about.  Also, when you talk to anyone about the business (mentor, bank, clients, prospective investor), you will have a clear vision to share with him or her.  You can check any number of books at your local library or the Internet for ideas on creating a business plan or goals list.\n\n* Is there anyone out there doing something like what you want to do already?  Can you research what it is that they do and maybe even talk with th
585029
15% of available income.  i am a car dealer.  take your gross income(before taxes), then take out your mortgage or rent, and other car or large loan payments, that is your available income