Actually if you're living in California, California law requires you to register ALL of your vehicles within 10 days of purchase. If you move here from another state and take up residence you must register your car within 20 days. As someone who lives and drives on California roads and as our state is in dire need due to falling tax revenue from the housing meltdown I'd like to think you'd be doing your share and help pay of the services your using. You know, the public roads. Sounds to me that you're just a weasel doing your best to weasel out of your fare share.
$3k a month for a little over a $100k car??? You could have financed it for a 5-7 year term and been under $1,500 and around 6%?
that's what you get when you charge it at 18-23% Might be time to start a give Josh a new name thread... My Suggestions: Scam-No-Gini GallardNo Repo'dMan
11.5%?! Even the exotic car loan banks are in the 7 to 8% range for well qualified buyers. Nevermind, answered my own question.
The above can actually be true in some circumstances, however, what you'll see as time passes is that paying an attorney to do something for you is not always the same thing as making something work (or even legal). In this case, if your attorney has successfully registered your car with *any* state such that a state-issued original title is recorded electronically in your name (or an entity on your behalf), then you will have some criminal options with which to hammer various players in your currently-sordid Lambo affair (e.g. the leasing company that filed a criminal complaint). But if no state has your name on file for the car, your options are pretty limited. You rolled the dice and you took your chances...and the game won't always break your way.
Personally, I don't believe this for 1 second. If you had, and he completetd the job, you would still have the car. If you had, but he didn't do the job, you would have hung the lawyer's head on a stick for all to see long ago. So... post the lawyers name who screwed up... I won't hold my breath.
You would think! Heck, even if he just has the paper title, he could probably double down on his bet by registering the car now (to get the all-important electronic registration in *any* state into his name)...then filing fraud charges and stolen car charges of his own. There are certainly volleys that he can fire back instead of being a doormat.
I must say, I am getting really annoyed at all the jerks on this board, you are no exception to the rule.
Once again , I will clear this up. It was 7, rest of balance was cash wired, and all of them had my name on them.
Ha! What you're doing is just the edge of the storm. When you start earning some big money one day you'll learn about "upstreaming" to legally avoid most state income taxes.
I highly suggest you just leave this board alone. Trust me. Do yourself a favour and go deal with this problem as best you can and let this thread die for your sake.
Perhaps one of the best words of advice in this thread... Good luck with finding your Gallardo/Lamborghini. You seem to have a good heart, but you went about the purchase in the wrong way. People do a lot of research prior to buying an exotic automobile (both, finances & the car itself). It seems as though you jumped at the first Gallardo under $115K which, (unfortunately) landed you into a heap of trouble. Hopefully you come out alright. I'm sure there are plenty of members who wouldn't mind seeing you come out of this mess with another Lamborghini, clean and clear. Roy's business will not be too hurt as he has plenty of supporters on/off this board (and rightfully so). Learn something from this ordeal and move on. My $0.02 fwiw.
Regardless of everything else you have done or said, I beleive your new "attitude" shows some learning from this mess. The going at Roy's jugular as he was trying to help you, did you no favors. Since the purpose of the forum is to help, may be I would think that the 1st thing of order is to clean up your debt now. Your are where you are. Getting the car or compensation is one thing. This is being addressed but it will take time. Meanwhile the debt is yours every month. I'll be pissed to pay $3K/month for nothing. I hope you are adressing this now as the 1st priority. 11% is way too much. Obviouly you are stuck with unsecure debt. Gievn the economy conditions with lenders have you tried to work a loan consolidation or repayments with your lenders to lower it?. I am sure that between getting some and nothing they'll work with you. Assuming you dont want to declare BK, you'll have to repay this. If you have assets you can use as security (Home Equity Loan) use it. Yu may get down to 4.5% over 20 years. That would drastically let you reduce your monthy payment but your assets would be on the line. Not sure if your lawyer can help you but a good accountant may. But dont take the one who charge too much. It seems to me that you'll be better off sell the car if you ever get it back, straigthen out the money side and make a 5 years plan to buy anohter exotic CASH. I learned that toys must be paid cash because they are the cherry of top of the cake and they must be had with money you do not need. I am sure some will see this comment as "uneducated financial views" but it is just common sense. Borow for appreciating assets. CASH for depreciating asserts not used for income generations. Simple.
Reading this my first question is: Why are some state charging so much and some so little? Is the cost of living so different in Colorado from Montana? I dont think so... Always question authority..
Population density and sizes of cities; the more densely packed, the more it costs for infrastructure and ancillary services.
Do you think that it costs Detroit less to maintain their roads and operate their fire department each year as the city loses population?
