Just want to see what you guys feel on this one.

Back in 2002 myself and a friend bought a car from Nissan of Brandon for $0+$500 dealer fee (he worked at the dealership, it was a non-US market car and the dealer tried for 2 months to dump it and no one wanted it, and they couldn't sell it due to repairs required making it a neg profit car), well we split the $$ and it was around $275, say $300 at most per person. About a year later he bought my half of the car for $500, leaving me with a "profit" of $200 to $225 or so. Fast forward a few years, the car is sitting on jack stands in his parents backyard while he's in Virginia/Iraq, and he sends me the title to go get the car if I want it because his parents needed it removed from the property.

So, for LeMons, does that mean I'm currently say -$200, or $700 under the $500 budget, or would I have to "assign" a value to the car even though he gave it back at no cost?

yeah, just working on our 09 LeMons car already