Hate to say it, but the 4.8is may have to go.

[TwinTurboGTR]

The decision is killing me but I've come to terms that I will need to part ways with my 4.8is. I am planning on starting a new business. I will be starting from scratch all over again like I was 18 y/o, now I am 27. I've been going over it for the last 3 weeks. Trying to figure out if there was a way I could finance my new project and keep my baby at the same time, but unfortunately all roads led to the same place.

I kept trying to think that once things start to calm down and my new project becomes successful, I'll be able to pick another one up for maybe even an X5M, but for now... I need to make some hard sacrifices.

At least I'll still have the 4.4i to look at, but it won't be mine, it belongs to my pop, but I can always stare at it. haha.

Just figured if I posted on here the insane plan I was going to do, maybe it will prolong the time to sell it and I will come up with a lightbulb idea as a way to keep it and still finance my project.

Starting to get sad. But its for the future and hopefully the future will be brighter.

[tmv]

Best of Luck!

[TerminatorX5]

incorporate, make a business plan, take a loan in name of newly incorporatted business, pay off loan from business proceeds - keep the car

[Sweep_the_Leg]

Originally Posted by TerminatorX5

incorporate, make a business plan, take a loan in name of newly incorporatted business, pay off loan from business proceeds - keep the car

You're not going to find many banks who will hand out loans to newly formed businesses with no collateral and no personal guarantees.

[motordavid]

It's your new biz, your econ situ, and your knowledge of what you can do...none of us can know your situ, and any pitch to keep any freakin car is just noise, imo.

Cars come and go. There are lots of Xs and other cars, out there in your future. Take care of biz, your econ situ and your fam first, imo.
Good Luck, mD

[pezho405]

WHat kind of business if its not a secret?
Me and my uncle are planning, getting things together for one in russia right now.

[TwinTurboGTR]

Yeah, I miss spoke before by not turning the whole (Insane) part as a joke. I mean I know what needs to be done and I do agree, cars can always be obtained and I know for the better future this needs to happen.

As far as the business, I am opening a Sports Medicine Physical Therapy Practice. A friend of mine is a PT in a gym and hates it there. I took over my father's machine shop, but am unable to take any money home. Before I did, the shop was struggling because for the last 25 years, my father had the same 3 clients. So for a while, he was unable to take a paycheck home. After I took over, I hauled A$$ and picked up 13 new contracts with 10+ years on them which was great for the shop. But still not enough to support 20 employees, with benefits... They get their paychecks without a problem. Just when it comes to the end of the day, there is just nothing left for me to take. So i've been trying to think of new ideas. Anything from starting another financial practice and practically kill myself to manage money, starting a detail business (Something I enjoy doing), a general contractor (Again, something I also enjoy), or an automotive repair business (Again, something I enjoy doing).

I settled on the PT idea because heathcare is always an increasing field and in a country where people are more heath conscious than ever, it just seemed like a no brainer. Its not 100% official this is the direction I am going to go into, but after talking to friends that are in the field and those that are also owners, it did sound very good.

So we will see.

WHat about you Pez?

[pezho405]

Originally Posted by TwinTurboGTR

...

WHat about you Pez?

Beer on Pour(Rozliv? not quite sure the english word).
There are many of these around russia right now, you walk in and theres different fresh beers you can either get cups or bottles of all sorts of sizes. There is also a selection of stuff to go along with it such as Dried fish (Taranka) dried Calmari, other seafood, cheese, dried bread (Suhariki)

Its very popular, lots of people always stop by oine of these on the way out to nature for the weekend or night.

The area we have our place is is good, basically center of city, in a microregion of where people love to drink. There isnt one too close by, also the soccer stadium is close by.

When you get barrel most places mark it up at least 100%

We know some numbers, A really good one that is very busy in a good are gets about ~80.000 rubles PER DAY of which they pocket about 40.000 rub (~$1.200)

Ones that are in a bad area with not much business have been getting 15.000RUb per day, which is still good ~500$
This is close to what we hope to get at least at least.

March and April are the Set up months we have planned to be ready for the summer season.

[Ricky Bobby]

Originally Posted by pezho405

Beer on Pour(Rozliv? not quite sure the english word).
There are many of these around russia right now, you walk in and theres different fresh beers you can either get cups or bottles of all sorts of sizes. There is also a selection of stuff to go along with it such as Dried fish (Taranka) dried Calmari, other seafood, cheese, dried bread (Suhariki)

Its very popular, lots of people always stop by oine of these on the way out to nature for the weekend or night.

The area we have our place is is good, basically center of city, in a microregion of where people love to drink. There isnt one too close by, also the soccer stadium is close by.

When you get barrel most places mark it up at least 100%

We know some numbers, A really good one that is very busy in a good are gets about ~80.000 rubles PER DAY of which they pocket about 40.000 rub (~$1.200)

Ones that are in a bad area with not much business have been getting 15.000RUb per day, which is still good ~500$
This is close to what we hope to get at least at least.

March and April are the Set up months we have planned to be ready for the summer season.

Pez,

The English word for "beer on pour" or rozliv, as you put it in Russian, would be "beer on tap" (just tryin to help you out I know English is 2nd language)

And the equivalent in US to what you describe in Russia would be a brew pub, beer hall, microbrewery, etc, all with many different craft beer selections and usually some food available etc. Craft brewing has become huge in the US over the past few years, just in New Jersey alone I recognize that 6 years ago if you were looking for craft beer from this country you could get Samuel Adams and maybe a couple others, now the coolers in liquor stores are filled with tons of different brands, styles etc, basically fighting for shelf room with wine selection nowadays. Its great for beer drinkers.

Are you starting a microbrewery in the motherland?

[epdarks]

How about using it as collateral, pull some cash out of it and then make monthly payments? Basically a reverse auto loan.

Otherwise sell it. Business comes first.