Well the ranger was picked up yesterday and was waiting on the guy with the pioneer to get back with me. He ended up selling it. So now I'll be on the look out for something else.
You sound like a wise and patient man. Hang on to your cash. Another deal will come along soon.
Our economy is heading straight for the bottom. A few more small to moderate-sized corporations and small businesses are likely to close before we're rid of FJB and his party.
When people lose their jobs the first things to be repossessed are toys. RVs, boats, motorcycles, and ATV's will be at the top of the list. If you can locate one coming and negotiate an agreement between the debtor and mother Honda to step in and pay off his balance you might find a great deal.
I acquired two rental properties that way back in the '90s. One was in the foreclosure department of a mortgage lender. I told the lender I would make up the missed payments and assume the note and they agreed. I gave the debtor about $2000 for her equity. Another one was an inexpensive little old frame house close to Texas Tech with a note held by the family. Same deal.
It's sad but sometimes one person's bad luck becomes a good deal for someone else. The economy moves on.
