It's Just Math

For the past five years we have been paying for Colleen and Meredith's cars. Meredith has a VW Cabrio [Convertible]and Colleen a Mini Cooper Convertible. Each car has been costing about $300 per month and with repairs included, almost $10,000 per year for the two cars. To pay about $10,000 per year for cars you need to earn about $12,500. Ya, it's a lot of money. I made a promise to both Meredith and Colleen that I would pay for their cars and we have.

Well things have changed. Meredith's car is finally paid off completely and we signed the car over to her. It is her car now to care for. This left Colleen and the Mini Cooper for Pam and I to pay off. Pam has driven her 2002 BMW 325i Convertible for 8 years and loved it like a baby. It looks almost brand new and remains one of the coolest cars around. I decided, if we have been paying $800 per month to keep Meredith and Colleen's cars running, why not buy a new car for Pam and let Colleen have the BMW 325? Meredith and Colleen really don't understand how much these cars have cost and they don't really appreciate what we have done. Moreover, they have never taken good care of these cars. I think they see cars like CDs, shoes, or magazines. Sort of disposable.

BMW has a deal in March to try to sell more cars. They are offering $1500 credit if you buy a new car. We took Colleen's Mini Cooper over to Irvine BMW and after three days we have a new BMW 128i Convertible. The lease if $474 per month. This is much lower than the two car payments we were paying. They took the Mini Cooper in trade. Colleen agreed to drive Pam's paid off 325 Convertible and Pam....the Saint in all of this.....drove her new 2010 BMW 128i to work today.

Pam has supported me and everything I have agreed to do for Meredith and Colleen. She spent thousands of her own dollars to help me pay for trips, cell phones, clothes, and cars so I could fulfill my responsibility to Meredith, Colleen, and even Julie. I think it's time that Pam gets something out of this deal for herself.

Pam, I hope you like the new car. You deserve it for all the years you put up with crazy stuff from me and the girls. I want you to know that I appreciate everything you have done and the new car was not....just about the math.