Debating selling.....

[whatwhine]

Well I bought my 12 this spring, 4 months later I bought my house. Now I'm living paycheck to paycheck. I'm debating selling/trading my car. Looking at getting a civic for dd and maybe an 01 cobra or even an old fox for fun. Maybe a 96-98 cobra.

It's a 12 premium gt, 6m, with about 9500 miles.....

What do yal think it's worth? Mods in sig. Not that there's a huge list lol

None of this is set in stone, just thinking. Trying to get opinions.

 

[me32]

youll be lucky to get what you owe on it if your making payments

 

[OddConsonants]

Offer to sell as "take over payments" with no additional $$$ and it should move...

 

[01bluesnake]

I've thought the same a few times about selling, but damn how the prices in kbb and nada suck. If i sold mine outright i could break even with what i owe.

 

[whatwhine]

Yea.... I owe 27..... There's a ford dealer with an 01 vert offering 130% trade in values.... Idk....
I love my car. But I hate struggling here

 

[OddConsonants]

"Car poor" or "house poor"? Sucks...House is more important though

 

[whatwhine]

Not poor.... Just not where I'm comfortable. No emergency money. Or play money.

 

[SVTSuperDuke]

assuming you can qualify for a loan, with the rates being as low as they are, go for the house. You will have some serious equity within a few short years and the rates can only go higher.

 

[OddConsonants]

Not poor.... Just not where I'm comfortable. No emergency money. Or play money.

No, no, sorry. I didn't mean to imply that at all. I could have been more clear. I was attempting to say what you just described.

http://www.investopedia.com/terms/h/housepoor.asp#axzz29XE1Jawe

The combined burden of a new car pymt and a new home can definitely become a heavy burden. My apologies for the misunderstanding.

 

[atistang]

Not poor.... Just not where I'm comfortable. No emergency money. Or play money.

if i were you i'd get a mid to late 90's civic, then save, get your emergency money, then start saving for another mustang down the road


i say mid to late 90's civic because they are reliable as hell, easy to work on, and most parts are cheap for them.

 

[11GT50]

Yea.... I owe 27..... There's a ford dealer with an 01 vert offering 130% trade in values.... Idk....
I love my car. But I hate struggling here

I doubt you'll get that much for it. Maybe $25k or $26k. Maybe a bit more if you private party it.

 

[injfuel]

I hate to see someone in this position , I have been in it myself quite a few times but the good Lord has always made it so I could pay my bills , I feel blessed to have a new mustang but if I felt my family was suffering in anyway because I was trying to keep my car I would sell it , just my 2 cents

 

[lukem80]

drive the balls off it one last time and trade it in.

I got tired of 2nd gear troubles even after putting in a clutch line, aftermarket fluid and 'changing the way I shift' so I traded my junk in on a used wrangler. monthly payment went down 150 bucks and insurance went down $35 a month.

 

[whatwhine]

Odd- I wasn't offended. It's really hard to offend me. But thanks. It's all good.

I think I'm going to stop in a carmax this week and see what they say. I might trade it with them for a civic. A newer one. 2003 era.

Idk. It's not killing me to have it but I look at my insurance and car payment.... It's scary. Plus I got a long loan....6 years. It wasn't a smart move....

 

[ViciousJay]

Odd- I wasn't offended. It's really hard to offend me. But thanks. It's all good.

I think I'm going to stop in a carmax this week and see what they say. I might trade it with them for a civic. A newer one. 2003 era.

Idk. It's not killing me to have it but I look at my insurance and car payment.... It's scary. Plus I got a long loan....6 years. It wasn't a smart move....

i hear you, i like the GT but honestly at the end of the day its a GT and extra cash would be nice to have. Im in your shoes but for a toy id like another Lightning

 

[Jedisalami]

That's 500 bucks you could be investing in an index fund or anything with continued growth. Ditch it

 

[ViciousJay]

That's 500 bucks you could be investing in an index fund or anything with continued growth. Ditch it

not in this market

 

[Bmr4life]

not in this market

Yeah, please tell me a place where I can invest and get a guaranteed return that's more than a fraction of a percent. Don't want any minimum time frame rules about when I can touch the money.

 

[Jedisalami]

Lol... My worst investment is up 5% you're going based off rumors.

 

[whatwhine]

Yea. To carmax I'll go. Sucks. I love this car. Best ****ing car I've ever owned lol