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should I sell ?
I've come to a cross roads with my car and money I owe which is close to 35 gran just bought a house and some of that money went to that
now I got my 81 targa mint condition best car I've ever had but my common sense is its gonna prob take me a good 5 years to pay this off or sell the car for around 22 gran here in Canada and take most of this debt off my mind I got the car last year for 17000 as a great deal I'm torn on what to do I'm a car guy so if I sell it I'll prob get an old subaru to work on etc but I really don't wanna sell it but my mind is telling me it's the make sense thing to do should I keep it |
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10-17-2014, 03:06 PM
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Did you get the memo?
Join Date: Mar 2003
Location: Wichita, KS
Posts: 32,272
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Sell it. Nothing compares to the peace of mind that comes with being debt free. Pay off your obligations and then pay cash for another.
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10-17-2014, 03:14 PM
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Registered
Join Date: Jul 2003
Location: Valencia Pa.
Posts: 8,844
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I'm at the same crossroads as you . As much as I love my 930, I have come to the realization that selling it , clears off all my debt, and I am off the hamster wheel, at the ripe age of 45. I go back and forth daily ... It is a tough call, if the market keeps going like it is, you , and I may never get another.
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No left turn un stoned |
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10-17-2014, 03:17 PM
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Serial Lurker
Join Date: Oct 2005
Location: Mount Vernon WA
Posts: 1,252
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Once upon a time I sold my 968 to get together the money for a down payment on my house. Do I miss that car? Hell yes I do! But I know that I made the smart decision for my family. It's paid off in spades. There are always other cars. You can't put a price on solvency.
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Does anyone know where the love of god goes when the waves turn the minutes to hours? |
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10-17-2014, 03:19 PM
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ya I think its the right thing to do I've told myself that if I don't get at least 22000 I won't let it go and just keep paying down my debt Slowly I guess who know what the value of these cars will be in 5 years but oh well
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10-17-2014, 03:25 PM
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you owe 35 g for the car?
you have a picture of the car? mint 911SC are not that easy to find..man..i might keep it.
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poof! gone |
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10-17-2014, 03:58 PM
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not part of it was to buy the car but the rest was for other things like I said just bought a house and had to spend some on that
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10-17-2014, 04:22 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,823
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I did something similar 10 years ago. I am back in a Porsche now for 2 months. It was definitely worth it for me, but you sound like you are in a better position than I was at the time.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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10-17-2014, 04:39 PM
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Targa, Panamera Turbo
Join Date: Aug 2004
Location: Houston TX
Posts: 22,366
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Like I tell my kids ... 'It's stuff...work for it, enjoy it, but don't think you can't live without it. It can always be replaced or upgraded.'
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10-17-2014, 04:48 PM
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keep the car, you bought it for a reason.
stop living in the past and start living.
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Chris the more i learn, the less i know |
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10-17-2014, 04:49 PM
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if you're riding the ragged edge..buying the 911 was the wrong decision..but now that you have it..keep it. dont make two mistakes
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poof! gone |
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10-17-2014, 05:17 PM
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Registered
Join Date: Oct 2005
Location: Magnolia State
Posts: 7,548
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One way to look at it....if you had 22k in your pockey, would you buy a 32 year old pcar toy or would you pay down your debt to a reasonable level? There's your answer.
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Jim 1987 Carrera 2002 BMW 525ti 1997 Buell Cyclone cafe project 1998 Buell S1W: "Angriest motorcycle I've ever ridden." |
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10-17-2014, 05:34 PM
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it's a tough call I think if I can get 22000 out of it I could let it go then take a year to be debt free
there is no good sc 911 in ontario right now and the 86 and up people are asking close to 30 gran I will keep it until I get what I want if not then I think it's worth keeping |
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10-17-2014, 05:41 PM
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Join Date: Jan 2002
Posts: 305
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intheGRANschemeofthings35GRANisreallynotatonofmone yireallythinkyoushouldkeepthecarinafewyearsyouarer eallygoingtoregretsellingitANthenyouaregoingtowant toreplaceitANitisgoingtocostyoutwiceasmuchtoreplac eit
Last edited by David Goodman; 10-17-2014 at 05:46 PM.. Reason: made it easier to read |
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10-17-2014, 05:45 PM
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Registered
Join Date: Jul 2001
Location: Lawrenceville GA 30045
Posts: 7,377
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Quote:
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Mark '83 SC Targa - since 5/5/2001 '06 911 S Aerokit - from 5/2/2016 to 11/14/2018 '11 911 S w/PDK - from 7/2/2021 to ??? |
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10-17-2014, 05:54 PM
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Registered
Join Date: Jan 2002
Posts: 305
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Quote:
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10-17-2014, 05:55 PM
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Pfffffft! Wine out nose.
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poof! gone |
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10-17-2014, 05:58 PM
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Registered
Join Date: Nov 2001
Location: Jackson, Wyoming
Posts: 634
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You're not going to get $22,000 for a 32 year old SC......it will probably yield enough to pay off half your debt load of your lucky. $12000-16000 would be a reasonable figure.
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12' GT3 18’ 991S |
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10-17-2014, 06:15 PM
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Quote:
I disagree the market is what it is but if that's the case I guess I'll keep it |
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10-17-2014, 06:31 PM
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Banned
Join Date: Aug 2011
Location: The Wet Side
Posts: 5,675
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Quote:
Decent SCs have been trading hands in the 20s for a while now. Some exceeding 30. $12-16k was two years ago. |
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10-17-2014, 06:37 PM
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porsche
