The accident is officially dealt with. (Providing of course that the other person doesn't challenge ICBC's ruling.) Despite the fact that over a year's worth of payments had been made on the car, it still cost us about $3,000 more than what ICBC gave us to pay out the loan in full. I did make sure that ICBC gave us fair market value for the car, but apparently the person we took over the loan from was shafted by the dealership, either that or it's natural for a 2000 Ford Focus ZX3 to devalue by about $5,000 in a little over a year (June 2004 to October 2005). I made an appointment to see the only person who manages loans at the JW Auto Group for 3:00. I showed up at 2:50, she was out untill 3:52. It was just as well that I spent over an hour sitting and waiting (and they didn't even have the usual assortment of shitty magazines I've come to expect in that situation) because when I did get to see her I had to stand behind her in her cubicle because there were no chairs and no room for a seat anyway. Actually working out dollar amounts and handing over cheques was less than 10 minutes, it would have been nice if I had been able to do it earlier. Coming up with the money was tough, but I was able to do it, although it unfortunately meant our line of credit is maxed out again (although it has a much lower interest rate, so that's slightly better), as well as using up the cash Jenn got for her birthday. On the other hand, spending that money now means it will be free later to pay off Jenn's DVDs when Amazon gets them in three to five weeks, so it's all the same in the end.
After that, it was smooth sailing. Minimal waits for the busses, went to the insurance place and cancelled the insurance, and since I had the claim number I was able to back date it, so ICBC is sending us another cheque for $147 (the other one being a refund of 75% of the deductable, since I was only 25% at fault), and there will be no payment for insurance coming out on thursday, which helps a lot with making sure our cheque for the loan payment won't bounce.
Then it was on to groceries. Nearly everything I got was on sale, and I completely forgot that today was Welfare Tuesday, so I got an additional 10% offfor being ugly and wearing sweat pants, so all told over $60 worth of groceries was around $45. Jenn and I bought me a new backpack yesterday, as the old one had a strap broken off. I really didn't want one with the layers of vertical compartments, but that was my only option between about 6 different stores, so I got the best one I could. I now believe that my backpack is awesome, the outer verticle layers kept my umbrella upright and my transit schedules flat, and the main compartment easily held 8 Chef Boyardee cans, a 4L jug of milk, a 1kg box of frozen chicken strips, a regular sized styrofoam tray of beef, a small block of cheese, 200g of mushrooms and five packets of sandwich meat. And it was still comfortable.
About five minutes after I got home the landlord showed up to collect rent, which I had exact change for from the shop (also a plus), then I polished off some leftovers and had a beer for dinner, and now theres lots of candy (zero goblins last night), He-Man, and dismantling the Halowe'en Lego waiting for me. In other words, life is alright.
I don't think I ever want to take a loan out on a vehicle again, though. A car is considered to be an asset, but I've never found them to be anything but a liability, what with repairs and the barracudas you have to buy the cars from in the first place. In fact, I think I won't have a problem living without a car for as long as I can. The only reason I can think of to need a car again would be when Jenn and I want children, but I'm thinking that won't be for a while. Even then, I think I'll go for a lease rather than owning.
After that, it was smooth sailing. Minimal waits for the busses, went to the insurance place and cancelled the insurance, and since I had the claim number I was able to back date it, so ICBC is sending us another cheque for $147 (the other one being a refund of 75% of the deductable, since I was only 25% at fault), and there will be no payment for insurance coming out on thursday, which helps a lot with making sure our cheque for the loan payment won't bounce.
Then it was on to groceries. Nearly everything I got was on sale, and I completely forgot that today was Welfare Tuesday, so I got an additional 10% off
About five minutes after I got home the landlord showed up to collect rent, which I had exact change for from the shop (also a plus), then I polished off some leftovers and had a beer for dinner, and now theres lots of candy (zero goblins last night), He-Man, and dismantling the Halowe'en Lego waiting for me. In other words, life is alright.
I don't think I ever want to take a loan out on a vehicle again, though. A car is considered to be an asset, but I've never found them to be anything but a liability, what with repairs and the barracudas you have to buy the cars from in the first place. In fact, I think I won't have a problem living without a car for as long as I can. The only reason I can think of to need a car again would be when Jenn and I want children, but I'm thinking that won't be for a while. Even then, I think I'll go for a lease rather than owning.
Current Mood:
tingly from beer
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