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little brother "bought" him a 2008 fusion #4573121
11/13/17 06:31 PM
11/13/17 06:31 PM
Joined: May 2015
Posts: 973
Missouri
gabriel9766 Offline OP
gabriel9766  Offline OP
Joined: May 2015
Posts: 973
Missouri
well coming home from work tonight when pulling up the street i see a black fusion behind my moms fusion. i walk in the house and ask whos car is tht? well my brother came down the hallway and says its his ( hes 15 bout to be 16 on christmas day). i asked how he paid for it at he said he financed it..... but my parents "co-signed" i went and looked at the paperwork and only thier name is on it.... i dont know why they did it, dad and i lost our jobs 2 months ago and hes still working his part time job at night. i got me a job at a dealer.

They Paid $4,700 for it + a $1,500 2 yr 24K aftermarket warranty on it. car loan is for 42 months at i think 5% intrest ( $167 a month ) I with i would have gone and at least looked at it when they bought it. we bought my moms 2010 fusion here and i took my friend there twice to buy her fusion and cobalt. each time i talked then down 3-500 on price for the things the car needs. i looked it over a lil tonight and test drove it it drives real good and shifts great. it does however have a bad valve cover gasket, atf is black, gonna need Rear brakes soon, and has a lound clunk going over bumps ( which i hope is not ball joints, i do not want to do them again in the driveway ) he has a job and all i got to say is he better be able to pay for this.


2015 Malibu LT 2.5L PPPP 0w20 46.1K
2007 Escape XLT 3.0L 5Q STHM 5w30/1Q MC full syn 5W20 115K
2010 Fusion SE 2.5L MC 0w20 110K
2008 Escape XLT 2.3L MC 5w30 187K
2007 Fusion SE 2.3L- 173.5K STHM 0W20
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573129
11/13/17 06:44 PM
11/13/17 06:44 PM
Joined: Mar 2017
Posts: 134
northwest pa
justintendo Offline
justintendo  Offline
Joined: Mar 2017
Posts: 134
northwest pa
sounds like a bad situation..on the other hand the first gen fusion is a great car..


2013 escape 2.0 awd mobil 1 10w30ep
2008 fusion 2.3 mtx redline 0w20
1996 f150 4.9 2wd mtx mobil 1 10w30hm
1999 kaw zrx 1100 redline 10w40
many husqvarnas
Re: little brother "bought" him a 2008 fusion [Re: justintendo] #4573143
11/13/17 07:01 PM
11/13/17 07:01 PM
Joined: May 2015
Posts: 973
Missouri
gabriel9766 Offline OP
gabriel9766  Offline OP
Joined: May 2015
Posts: 973
Missouri
Originally Posted By: justintendo
sounds like a bad situation..on the other hand the first gen fusion is a great car..
I'd buy any gen fusion in a heart beat. I like the body style of my moms 2010 but prefer the 2013+.

Worst comes 2 worst if for some reason he cant afford it id pay off the car loan in cash and keep the car myself. I will not have my parents pay for this car. I've been thinking bout getting rid of the taurus anyways.

Last edited by gabriel9766; 11/13/17 07:06 PM.

2015 Malibu LT 2.5L PPPP 0w20 46.1K
2007 Escape XLT 3.0L 5Q STHM 5w30/1Q MC full syn 5W20 115K
2010 Fusion SE 2.5L MC 0w20 110K
2008 Escape XLT 2.3L MC 5w30 187K
2007 Fusion SE 2.3L- 173.5K STHM 0W20
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573183
11/13/17 07:32 PM
11/13/17 07:32 PM
Joined: Nov 2011
Posts: 4,970
MTL, CANADA
Rolla07 Offline
Rolla07  Offline
Joined: Nov 2011
Posts: 4,970
MTL, CANADA
Better see if that warranty covers whatever issues it currently has...otherwise id get rid of the warranty. Personally id never buy a warranty on a car. Get it inspected by a 3rd party and the 100$ or so will give you a better idea on whether to pull the trigger or not.


2007 Corolla Red Pearl 155k miles
PP 0w20 & ST 4967

Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573203
11/13/17 07:48 PM
11/13/17 07:48 PM
Joined: Feb 2013
Posts: 11,088
Phoenix, AZ
Nick1994 Offline
Nick1994  Offline
Joined: Feb 2013
Posts: 11,088
Phoenix, AZ
Aftermarket warranty, if it needs balljoints sounds like itís covered. Valve cover gasket will also be covered.


2015 Hyundai Sonata 2.4L 88k Motorcraft Synthetic Blend 5w30 & OEM
2000 Toyota Camry 2.2L 231k Valvoline 5w30 & Fram Ultra
1996 Jeep Cherokee 4.0L 147k Mobil 1 HM 10w40 & Fram Ultra
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573218
11/13/17 08:06 PM
11/13/17 08:06 PM
Joined: Oct 2014
Posts: 1,349
NoVA
Jimzz Offline
Jimzz  Offline
Joined: Oct 2014
Posts: 1,349
NoVA
Look at the paperwork and see if you can get a refund for the warranty. Aftermarket auto warranties are 99% junk. They usually try to weasel out in coverage and when they do cover something its only partial due to deprecation or takes them weeks to approve.


yup
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573251
11/13/17 08:35 PM
11/13/17 08:35 PM
Joined: Feb 2016
Posts: 596
GA
miden851 Offline
miden851  Offline
Joined: Feb 2016
Posts: 596
GA
Omg; So it is $7k over the lifetime of the loan; who needs a car loan for something of that age; instead, they should buy him a $2k car in cash and let him learn how to drive


2008 Mazda6i GT; @208K miles
2016 Honda CR-V EX-L; @36K miles
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573274
11/13/17 08:54 PM
11/13/17 08:54 PM
Joined: Jun 2003
Posts: 33,564
ME
eljefino Offline
eljefino  Offline
Joined: Jun 2003
Posts: 33,564
ME
+3 on weaseling out of the warranty. I agree, take it in tomorrow for the clunking/ ball joints. If they don't fix it demand your money back then and there. There's a "warranty of merchantibility" for warranties as well as any other product-- if they don't work, cash back.

Re: little brother "bought" him a 2008 fusion [Re: miden851] #4573499
11/14/17 07:38 AM
11/14/17 07:38 AM
Joined: Apr 2010
Posts: 4,558
Storrs, Connecticut
jeepman3071 Offline
jeepman3071  Offline
Joined: Apr 2010
Posts: 4,558
Storrs, Connecticut
Originally Posted By: miden851
Omg; So it is $7k over the lifetime of the loan; who needs a car loan for something of that age; instead, they should buy him a $2k car in cash and let him learn how to drive


+1

Doesn't sound like the smartest idea.


2000 Jeep Cherokee 4.0L (181k) - Pennzoil 10w30, Napa Gold 1516, Magnefine trans filter
2009 BMW 328i (36k) - Castrol Edge Euro 0w40, MANN HU816X
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573644
11/14/17 09:57 AM
11/14/17 09:57 AM
Joined: Oct 2011
Posts: 2,994
Chicago, IL
Brybo86 Offline
Brybo86  Offline
Joined: Oct 2011
Posts: 2,994
Chicago, IL
Cosigning on a car loan for a kid sounds like a bad idea to me but their are a bunch of people on bitog(like CKN and Gebo) who will think this is a great idea.
I mean imagine how much this will help his and their credit scores.
Basically your parents and brother just won the lottery, it's actually that great.
This car loan will catapult them to financial success!


Gabriel if they don't make or can't make payments why would you bail them out? That means you basically cosigned for it.

Last edited by Brybo86; 11/14/17 10:04 AM.

08 Honda Accord EX-L 2.4L M1 EP 0w20 145k
01 Kymco People 50
95 Lexus LS400 M1 AFE 0w30 193k
95 Yamaha Jog
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573739
11/14/17 11:52 AM
11/14/17 11:52 AM
Joined: Jul 2002
Posts: 4,548
KY
MCompact Offline
MCompact  Offline
Joined: Jul 2002
Posts: 4,548
KY
Yet another reminder of why I'm so thankful that I was an only child- and that my son is one as well.
Having to deal with aging parents is stressful enough without stirring a sibling or two into the mix...


Mine:
2014 M235i
2009 Cooper Clubman
1999 Wrangler Sahara
1995 318ti Club Sport

Wife's:
2015 X1 xDrive28i


Son's
2009 328i

Buy what makes you smile...
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573813
11/14/17 01:27 PM
11/14/17 01:27 PM
Joined: Jan 2004
Posts: 4,459
California
nthach Offline
nthach  Offline
Joined: Jan 2004
Posts: 4,459
California
Did they buy the car from a buy here-pay here lot or an outfit like CarHop or DriveTime? If so, that warranty(as well as GAP insurance) was packed into the car's bill of sale along with a GPS tracking/starter kill to make sure you pay your car note on time or you won't be going anywhere.

If I were you, find out ASAP if you can return that car. No reason to put financial responsibility on your parents. If not, see if you can pay the car off without early payment penalty and give the Taurus to your brother. That Fusion does need work, and if he's irresponsible, well we all know how that goes.

http://www.motherjones.com/politics/2016...tance-don-foss/

Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573863
11/14/17 02:41 PM
11/14/17 02:41 PM
Joined: Feb 2013
Posts: 11,088
Phoenix, AZ
Nick1994 Offline
Nick1994  Offline
Joined: Feb 2013
Posts: 11,088
Phoenix, AZ
I donít see how a 15 year old can have a financially stable enough job to have a car payment.


2015 Hyundai Sonata 2.4L 88k Motorcraft Synthetic Blend 5w30 & OEM
2000 Toyota Camry 2.2L 231k Valvoline 5w30 & Fram Ultra
1996 Jeep Cherokee 4.0L 147k Mobil 1 HM 10w40 & Fram Ultra
Re: little brother "bought" him a 2008 fusion [Re: gabriel9766] #4573881
11/14/17 03:06 PM
11/14/17 03:06 PM
Joined: Jul 2015
Posts: 4,030
New England
madRiver Offline
madRiver  Offline
Joined: Jul 2015
Posts: 4,030
New England
Teaching jr to set themselves up for financial failure and if you canít afford things in life fianace. 42 months finance on a 10 year old car is just setup for fail.

Is it possible to get rid of that $2400 warranty that is likely so hard to collect on it be an exercise in frustration.

Re: little brother "bought" him a 2008 fusion [Re: MCompact] #4573885
11/14/17 03:08 PM
11/14/17 03:08 PM
Joined: Jul 2015
Posts: 4,030
New England
madRiver Offline
madRiver  Offline
Joined: Jul 2015
Posts: 4,030
New England
Originally Posted By: MCompact
Yet another reminder of why I'm so thankful that I was an only child- and that my son is one as well.
Having to deal with aging parents is stressful enough without stirring a sibling or two into the mix...


Alternatively you can share the burden. Pros and cons to every situation.

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