Thanks Lonnie for the idea… - Posted by Chuck-NY
Posted by Chuck-NY on April 02, 2002 at 20:02:18:
A few years ago I remember Lonnie saying that you can take the “Lonnie” concept of buying & selling MHs and apply that concept to other things…so I did…
Two weeks ago I was having a hard time selling my 1988 Dodge Caravan…high milage, dies in drive, etc. etc.
I was asking $950 then had dropped it to $750.
I ended up selling it to my PMs boyfriend for $400 cash
and a note as follows:
$350 paid at $25/wk. for 14 weeks at zero interest.
I let him have the title…why?..several reasons…mainly I was willing in my own mind to accept $400 for the car because of its condition…I see the weekly payments as gravy !! I had to see it that way in case I never saw any
payments. The good news is he paid the first payment on time
(oh yeah…I did add in the note a $5.00 late charge if later
than 5 days)and the second payment should be here by the end of this week. I also gave him 14 #10 envelopes with my address sticker on them…all he has to do is add a stamp.
Thanks Lonnie …it was FUN !!