thinking of selling my vette :-/

[Oldskool153]

kind of tired of payin 537 a month (between payment and insurance) for a car i never use.. i bought her in sept with 82k and its the end of june and she has 85k...idk i kinda miss havin a street bike, i owe 5400 on my car and i paid 10k for it and put about another 2k in her. so im thinken if i can sell her for 8500 ill pay off my loan and take the 3k and buy a used streetbike either a 750 or 1000 kawasaki or suzuki... i just look at my car under the cover and i think how much more money i could have if i wasnt payin 537 a month for her plus another 350 a month for my truck...between the 2 im at 1000 a month for insurance and payments and keep in mind im 23 and i make good money for my age but thats a decent chunk of money for a car that i never have time to drive and it seems like when i do drive her im always fixing something. I hate to see her go tho....idk...any thoughts comments or ideas?

 

[vett boy]

It's your life and I'd say enjoy your new (newer) bike .

 

[abbezr1]

Get the bike, bank the rest and when your forty somthing like me with all the money you saved you should have enough cash saved up to get a 2010 zr1 or zo6.

 

[Domindart]

I understand totally. I have a sv1000 and love it.. I am riding that when not in the vette... I love the bike. If you love bikes and really want one and the vette isnt being loved then make a lil change!

 

[Oldskool153]

Well its not that the vet isn't loved. This is the 2nd c4 I've owned among about 10 other various muscle cars. I am a full fledged vet guy, I'm just so sick of pay for a car I don't use and paying to repair a car I don't use, and I just bought a 2005 z71 crew cab colorado so even if I go on a date I can still use the truck. Idk seein the car under the cover evryday makes me sick to my stomach about payin for it. The only prob is I still owe 5400 so the persons gonna have to go with me to pick up the title. I talked to my finance company and they said when I pay the car off they will sign over the title that day, so atleast the day they buy her we can go together and get the title

 

[Towu4free]

Sadly, im thinking of doing the same thing, I love my 1994, but it seems everytime i drive it something pops up, here lately ive been trying to diagnose a burning fluid on the exhaust (oil i think)and my girlfriend drives the car more than I, Im looking at a crewcab 2500hd diesel id like to have, but im still loosing sleep about it, i know ill miss my vette if i do let it go and after all it is a "VETTE" not a "pickup truck" I owe awound $4200 on mine paid $7500. payment a month is $190 but the insurance every 6 months is like $400....I just dont know confused

 

[Oldskool153]

so i was so upset yesterday from just thinking about selling the car that i pulled the add of craigslist, ive decided im going to do evrything i can to keep the car...im 23 and that car is the one thing i own that im really proud of. i love driving it..my ex gf hated the car but thats part of the reason shes gone and the vets still parked outside my window at night. i called gieco today and thier quote for my colorado and my vet is 100 a month less then im paying with progressive for the two. before i had the colorado i was paying 255 a month with progressive just for the vet...they now want 383 a month for the 2 vehicles. gieco wants around 280 a month for the both, which is only 20 a month more then i was paying before i even had the truck so hopefully it works out. and about selling ur 94 you dont owe much, u should try to keep it aslong as possible and aslong as u can afford it b/c once u own it you wont be paying

 

[Rogue]

When I was a young man and newly married, around your age, I made the mistake of having two car payments because I so wanted the vehicles. Well it nearly killed my finances. I didn't think about the other costs of car ownership such as maintenance, insurance, registration, etc. Now that I am older and wiser, I always do all my homework ahead of time. Not only do I figure out how much my payments are going to be for the car, but I also talk to my insurance agent to figure out the monthly insurance costs, then maintenance, then registration (registration in CA is big $$). I am always leary of having two care payments at the same time even if I can afford it. You just never know. So I try to stick to only one or none at all. Right now, I only have one car payment and I'm about to pay it off in a few months. That's when I plan to either get a C5 or C6 and have a big (C6) or small (C5) car payment.

I don't like paying off a car because it depreciates so quickly. If I can afford to pay the whole car off the first time, I just finance 50% of it and invest the rest of the money. This way, I earn interest on the other 50% instead of loosing equity on the value of a new/used car. That works really well if you can get 0% APR or even 2.9% APR. Higher than that and it may not make sense.

Enough of the accounting lessons. At your age I suggest you get rid of one car payment somehow. But that's just me. There will always be other Corvettes in your future.

 

[catbert]

If you don't drive it, sell it. Garage queens can be more expensive to maintain than mistresses.

 

[Oldskool153]

i love her too much, im gonna try and stick it out. in 2 years itll be paid off and my truck payment isnt much. im 23 so once i pay the car off then ill start looking at houses

 

[Robertwav1]

Gee...I wish I kept that 68 firebird I once had! Ain't gonna let that happen with this car. :W