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Back when the Jag XJ series III was new one of my "oily" friends that was making crazy money bought one new. After one year the dealer had had it in the shop for repairs twice as much as he had it to drive. He made them buy it back as a Lemon.
My friend was one of the few honest oil industry folks. When the 1980s oil bust hit and everything collapsed he went from millionaire to owing a million. He stayed in it and eventually paid every dime he owed. All his other oil business guys just declared bankruptcy. He said he owed the money and no one was going to say he did not pay his debts.
It took him a while but he repaid them all and made another million. He learned to not leverage everything and lives in a very nice house and is retired.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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