Raymond

Hi, Ramsey. Thanks for having me. Sure. I was wondering, would it be worth for me to finance a vehicle? My vehicle is in the shop right now. It has a blown head gasket, and it also has a timing chain that needs to be replaced. It's going to cost me $4,000 to replace, and they can't find an engine for that vehicle because it's so old.

It's a 2012. 2012.

Nope. 2012 Chevrolet Colorado. They said the engines are discontinued.

They said they can find one, but it's going to be a used one.

Right now, it's probably worth $4,000. Oh, I see.

Probably the same thing, $4,000. That's what he's saying.

Right now, I got $600 in savings. I got $10,000, or no, $11,000 in retirement.

Yeah, I got $600 in savings, and then I got just a little over, right now, just right about $1,000 in checking.

No, I do not.

Well, the thing with this vehicle is I have a warranty on it. I bought a warranty package when I bought the vehicle. The vehicle is paid off cash. I have the title in hand. But I have an extended warranty on it. And right now they're going through to verify if they will cover anything on the vehicle under that warranty. Okay.

Right.

And then once we have enough money to... What I have the problem is, is if they're going to say it's going to need a new engine, and they tell the warranty company that, where are they going to get an engine from? I don't know.

Nope, I put oil in it. I do my regular maintenance on it.

I've been living paycheck to paycheck since I was born.

I'm actually on your guys' system right now.

I make about $54,000 a year.

I have a mortgage. I bought a house for the first time. My mortgage is $342,000. What's the payment on that? $2278 a month.

I got my mom helping. She lives with me. She co-signed the house with me. And she's paying her portion. She pays me $1,000 a month for her portion. I pay the rest.

Okay.

I am a field driver for Amazon.

I can, yeah. I can request overtime.

Well, come back to the work part. I have a problem with that because my mom works too. She works on the days that I don't work. And then she goes to work on the days that I don't work.

So I have a 13-year-old daughter.

Yeah, so when I'm at work, she watches her, and then when she's at work, I watch her.