To Sell the SRT-4 Or No?

[ForceFed4g63]

Just wanted to see a few opinions on this. I'm getting married in December, and I want to get off on the right foot financially. I have a decent amount of credit card debt that I racked up when I was stupid, nothing crazy but enough to keep me making fairly large payments every month. I also have the SRT-4 that I make payments on, about 200 every month plus almost 150 for insurance.

If I sold the car and bought a beater that would free up at least 300 to pay down the credit cards. Problem is, I am addicted to boost, and I love this car. I also figure I should have a fun car while I'm young and don't have kids. I know I can still have a fun car later, I am just impatient lol. Most of you have seen the car, it's not fast but it's fun, it also would only take about another $1k to start hanging with some of you big boys.

I know what the right answer is, just wanted to hear some opinions I guess.

[ElecTech]

Guess you need to figure out what's more important to you a new marraige without as much financial burden, or bankruptcy and divorce. That whole "while I'm young" argument is weak and it's the same shit my wife used to say when she saw all of her friends going on trips and buying things. Now they are all still broke and in debt and she and I are the ones paying cash for things and not owing anyone.

You can accomplish alot of things when you are working for yourself and not the lender.

My 2.

[chrisheltra]

Simplest answer.....Dont get married.

[ForceFed4g63]

Guess you need to figure out what's more important to you a new marraige without as much financial burden, or bankruptcy and divorce. That whole "while I'm young" argument is weak and it's the same shit my wife used to say when she saw all of her friends going on trips and buying things. Now they are all still broke and in debt and she and I are the ones paying cash for things and not owing anyone.

You can accomplish alot of things when you are working for yourself and not the lender.


My 2.

Very true, bankruptcy and divorce is not in the picture though, everything is getting paid down, just not as fast as I would like. I'm also not accruing any more debt, learned that lesson a while ago.

The while I'm young argument may be "weak" but it has at least some semblance of truth, I don't have kids or a mortgage, 2 things that will severely limit my fun time down the road.


Simplest answer.....Dont get married.

Thanks lol

[1iron]

Simplest answer.....Dont get married.

x2

[1iron]

Just wanted to see a few opinions on this. I'm getting married in December, and I want to get off on the right foot financially. I have a decent amount of credit card debt that I racked up when I was stupid, nothing crazy but enough to keep me making fairly large payments every month. I also have the SRT-4 that I make payments on, about 200 every month plus almost 150 for insurance.

If I sold the car and bought a beater that would free up at least 300 to pay down the credit cards. Problem is, I am addicted to boost, and I love this car. I also figure I should have a fun car while I'm young and don't have kids. I know I can still have a fun car later, I am just impatient lol. Most of you have seen the car, it's not fast but it's fun, it also would only take about another $1k to start hanging with some of you big boys.

I know what the right answer is, just wanted to hear some opinions I guess.

If 1k will get that to run 5s then I'll buy it.

[gldelox]

Congrats on your upcoming marriage :cheers

Gosh, I was just pondering getting rid of my ride not too long ago tooalbeit not for the same reasons, but contemplating parting with a ride that one has put a lot of time, money, and love into is a hard decision, no matter what the reasons might be.

IÔÇÖm 42 with 2 kids and just bought my del Sol to restore 7 months ago, which goes to show that youÔÇÖre NEVER too old to have a fun car. IÔÇÖve had the TBSS since April 2007 and she is has been a work in progress ever since. But up until I got the truck, I had nothing that was ever hooked up. However, I did get an awesome house. So, the rides were worth the wait IMO.

I think selling the SRT-4 and paying off your debt would be a wise decision. It will be hard, but youÔÇÖll just have to think of life beyond the SRT-4. I sold my Integra GSR, which was an awesome car, so I could get the engine swap for the Sol and was bummed when the dude came to buy it. As I was standing there watching some stranger drive off in my beautiful little Teggy and the tears started to well up, I thought about how awesome that new engine was going to be in the oversized go-cart that I bought. No tears after that.

You can get bigger boost later :bigthumb:

[MonteC]

Get out of debt.

[Matts94Z28]

Get out of debt. Especially if you can turn a dollar on the SRT-4. It seems like your fiance already enjoys cars, so it shouldn't be a big deal to find something better down the road.

[blubyu87gt]

I think Chris had the best answer! It not too late to run till you sign the papers!!! Ha ha

Really though thats a tough decision no doubt. Unless the car has real sentimental value I would say to sell it and get something without payments that you can get cheaper coverage on.

I am a huge fan of the Neon SRT-4 but at the end of the day... It still is just a car.

[KRYPTONITE]

I did the same thing, I bought a dodge ram 3500, before I got married, and I thought IT Would be better to go into marriage with as little debt as possible, WORKED AT GREAT!!!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>THEN I HAD MY SON.................................WTH>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>THEN I HAD MY DAUGHTER WTF.....................lmao, (J/K I LOVE MY KIDS) I think your thinking into the right direction, which I never sold any of my hotrods, just did away with other stuff I had


CONGRATS, AND GOODLUCK

[bwelch]

Just sell the srt4. They aren't that hard to find so you can always get another one down the road. Debt free is the way to go! Thats why I sold the GTO. I only owed $5k on a $14k car. I paid off all my debts and will have a paid for 6 second car soon....

[ForceFed4g63]

Thanks for the input guys, I think I will go ahead and sell it. Sucks because it's a great little car. But I know I'll be better off in the long run, I'll be able to buy something faster later on :)

This will be my last foray into FWD cars I think. I've owned 3 different FWD turbo 4 Cyl cars now. Next will be AWD.

[Jonathan]

Sounds like you've already made your decision, but.. +1000 on getting out of debt. :)

[LadyInRed]

Debt free is a wonderful thing. :) It'll work out for the best in the long run.

[1998ta__1991rs]

id trade it in on a new mustang

[jmd]

how does she feel about the situation? is she ok your current debt? then figure it out.

[Matts94Z28]

id trade it in on a new mustang

:poke:

[Shane361]

200 a month is dayum near beater prices..KEEP it if you can afford it and be smart with your money you have. You will be miserable without your TOY.


When you can afford it...get an 04 Cobra and screw it twice :cheers

[chrisheltra]

200 a month is dayum near beater prices..KEEP it if you can afford it

+1 thats a cheap ass car payment. Unless you can get a different car and pay for it in full keep your current car. Id find cheaper insurance if I were you though.

[Jonathan]

If you do sell the skittle, how much would you ask? (no disrespect meant by skittle.. just what my friends and I call them)

[ForceFed4g63]

+1 thats a cheap ass car payment. Unless you can get a different car and pay for it in full keep your current car. Id find cheaper insurance if I were you though.


It is cheap but I also don't make very much money so it kind of evens out.


If you do sell the skittle, how much would you ask? (no disrespect meant by skittle.. just what my friends and I call them)

No offense here. I would probably start asking for 10k obo. KBB in good condition (I personally would consider the car in good to excellent condition) is $10,500, excellent is $11,500. Plus it has a lot of goodies (yes I'm aware that doesn't necessarily add to the value of the car), and I've put over $600.00 worth of stuff into it since I bought it.

[MonteC]

Who the hell pays 200 a month for a beater? A beater is a car you buy for under 5k cash.

[gearmesh, inc.]

Watch out!.....Marriage just ruins a good friendship!:hysterical:

+1 on getting out of debt.

Back when I was a 20 year old apprentice at the old Charleston Naval Shipyard, a wise 55 year old machinist asked me if I wanted be a millionaire by the time I was his age. I said "Hell yeah!" He then said "Go ahead and cut your balls off now while you are young before they end up costing your a fortune!"

[Jonathan]

Who the hell pays 200 a month for a beater? A beater is a car you buy for under 5k cash.

5k for a beater? big ballers


Last beater i had I paid $375 for and it ran strong for a year..28mpg. lol Ugly as heck tho. 88 chevy nova.

[ForceFed4g63]

5k for a beater? big ballers


Last beater i had I paid $375 for and it ran strong for a year..28mpg. lol Ugly as heck tho. 88 chevy nova.

I was thinking the same thing lol, I'll be looking to spend no more than $2k, last beater I had I got for 700 and couldn't get it to die, even though I tried lol.

[bambooi]

You are on the right track. Get those CC down asap. They charge way too high of interest rate.

[chrisheltra]

You guys would hate to pay for my wifes definition of a beater......:(

[LXtasy]

You guys would hate to pay for my wifes definition of a beater......:(

Benz? or does she consider your truck the beater

[chrisheltra]

Bemz? or does she consider your truck the beater

The truck is payed of so can it be considered a beater?

[blubyu87gt]

The truck is payed of so can it be considered a beater?

If so can I buy it for under 2 grand?! :cheers

[Shane361]

Who the hell pays 200 a month for a beater? A beater is a car you buy for under 5k cash.

That's not a beater, that's a nightmare everyday of your life. :hide:

[red99pony]

i have had paid for cars that cost me more to keep up than if i just made a 200 dollar payment. you can get a forcast and figure out how much a month is takes to pay off your debt in say 2 years or 3 years. i would be willing to bet when you buy another car you are going to have to work on it some and add that to the cost to buy it what did you end up saving. you know what you have now and seems like you like the car so you know what you will have. just be responsible like you are now with debt and i will clear up. you didn't get into debt overnight so it takes a little time to get out. my 2 cents

[ForceFed4g63]

i have had paid for cars that cost me more to keep up than if i just made a 200 dollar payment. you can get a forcast and figure out how much a month is takes to pay off your debt in say 2 years or 3 years. i would be willing to bet when you buy another car you are going to have to work on it some and add that to the cost to buy it what did you end up saving. you know what you have now and seems like you like the car so you know what you will have. just be responsible like you are now with debt and i will clear up. you didn't get into debt overnight so it takes a little time to get out. my 2 cents

Good points all, but I find it hard to believe that any beater I get will end up costing more than $300 every single month to keep running. Besides, I have the ability to repair any minor issues that will pop up. I say beater but there are plenty of good cars out there for cheap that are reliable. If I keep paying down my debt at the current rate that I am now, it will take me a looooong time to pay it off, where as if I sell the car it will happen much quicker. On the other hand, I'm picking up a part time job on the side which should help speed things up a little bit as well, which would make it easier to pay everything off.

The fact of the matter is I want an Evo lol. The quickest way for that to happen is to pay off all of my debt asap. I also want to buy a house in the next year and a half or so, now is the time to do it too, before prices to start to go back up. IF they go back up that is.

[Jonathan]

How many miles on the white skittle of fury? lol :)

[1 Slow Z]

Not trying to brag but I have four cars, a 1999 Maxima, 1998 camaro, 1997 S10, and a 1971 Nova. The best thing about all of them is I don't make a payment. If you can get past the not giving a fuck about what people see you driving then you're good. I hate payments in general, so I figure that if I only have a house payment I'm doing good. Get out of debt as fast as possible and don't look back. I went w/ the Dave Ramsey approach myself. As mentioned earlier (minus the house) if I can't pay cash for it I don't need it! I'm sure there are a few folks, even on this website that finance their hobby, which to me is the most asinine thing in the World. If you have a kick ass wife like me she'll let you buy all the toys you want as long as you don't swipe a credit card to do it.

-Rant over

[ForceFed4g63]

How many miles on the white skittle of fury? lol :)

Just turned 69k

Not trying to brag but I have four cars, a 1999 Maxima, 1998 camaro, 1997 S10, and a 1971 Nova. The best thing about all of them is I don't make a payment. If you can get past the not giving a fuck about what people see you driving then you're good. I hate payments in general, so I figure that if I only have a house payment I'm doing good. Get out of debt as fast as possible and don't look back. I went w/ the Dave Ramsey approach myself. As mentioned earlier (minus the house) if I can't pay cash for it I don't need it! I'm sure there are a few folks, even on this website that finance their hobby, which to me is the most asinine thing in the World. If you have a kick ass wife like me she'll let you buy all the toys you want as long as you don't swipe a credit card to do it.

-Rant over


I'm totally with you, Dave Ramsey is the inspiration for me wanting to get out of debt. My fiancee is all about cars, but she's like you, if I have to buy something on credit, it ain't gonna happen lol.

I also don't give a damn about driving an ugly old car, that doesn't bother me one bit. As long as it has AC I'm good to go lol

[perm102]

Buy my Tbird. 2 in 1 deal. Beater and boost.:bigthumb::hide:

[bambooi]

Beater and boost are a no no. Go ahead and post your ride for sale. Some people on the board seem interested. Good luck with the sale.

[MonteC]

You guys would hate to pay for my wifes definition of a beater......:(

You married her.

[MonteC]

That's not a beater, that's a nightmare everyday of your life. :hide:

??

[ForceFed4g63]

Beater and boost are a no no. Go ahead and post your ride for sale. Some people on the board seem interested. Good luck with the sale.

Thanks Van, I'm gonna need you to tune my Evo when I pick it up ;)

[Shane361]

??

Just saying buy something worth a shit so your not spending a fortune in upkeep.:cheers

[ForceFed4g63]

http://www.carolinahorsepower.com/forum/showthread.php?p=117572#post117572

[LadyInRed]

200 a month is dayum near beater prices..


My Mustang falls under the beater category by that statement :lol:

Just saying buy something worth a shit so your not spending a fortune in upkeep.:cheers

The Teg was $2k and hasn't cost much to keep going for the last 4+ years. :bigthumb:

[04ctd]

half & half.

i have sold all my decent (payment) vehicles, then had my "i saved a bunch" vehicles die on me.

what I try to do now, is have one newer vehicle,
and one older vehicle, and maintain both of them in top notch condition.

i would look between yours & her vehicle, and keep the best one, let her drive it.
my wife & kids always rolled in the new stuff, and i had skrate up JUNK.

i know where a $500 pickup is now, been thinking about dumping my big truck, and losing the insurance, and letting that old $500 roach be the backup to my wifes newer vehicle.

it costs $300 just to SWAP cars, because you have to pay tax.
so if you lose $1000 on the neon, and pay $300 tax, and the $600 you just put into the skittle,
and you buy a beater for $2000...and then it needs $500 work...

you got a bunch a money in something..you can't drive reliably

a man with a job, needs to keep his job, and he needs dependable transportation to do that.
a man working for a living, don't want to wrench on all his off time.

pray about it. some guys on here do, some don't, but that's the deal. if you pray about it, you will wake up with the right answer.
and if you & her don't agree...it ain't the right answer.

[ForceFed4g63]

half & half.

i have sold all my decent (payment) vehicles, then had my "i saved a bunch" vehicles die on me.

what I try to do now, is have one newer vehicle,
and one older vehicle, and maintain both of them in top notch condition.

i would look between yours & her vehicle, and keep the best one, let her drive it.
my wife & kids always rolled in the new stuff, and i had skrate up JUNK.

i know where a $500 pickup is now, been thinking about dumping my big truck, and losing the insurance, and letting that old $500 roach be the backup to my wifes newer vehicle.

it costs $300 just to SWAP cars, because you have to pay tax.
so if you lose $1000 on the neon, and pay $300 tax, and the $600 you just put into the skittle,
and you buy a beater for $2000...and then it needs $500 work...

you got a bunch a money in something..you can't drive reliably

a man with a job, needs to keep his job, and he needs dependable transportation to do that.
a man working for a living, don't want to wrench on all his off time.

pray about it. some guys on here do, some don't, but that's the deal. if you pray about it, you will wake up with the right answer.
and if you & her don't agree...it ain't the right answer.


Very good points. And yes I am praying about it, it's important. The one thing I forgot to mention is that the other big problem is that the mod bug always bites me with cars like these, and it doesn't go away. If I keep it, I'll want to keep modifying it.

My fiancee's car is ok, has little problems every once in a while that I can handle, but it's not worth anything. We just want to do everything possible to get out of debt. Short term it might cost me a little bit of money but long term it will work out better I think.

[MonteC]

Just saying buy something worth a shit so your not spending a fortune in upkeep.:cheers

Thats debatable. Ive seen people with 500 dollar a month car payments on an 08 model that needed a 2k transmission. Perfect example, I just finished an 06 colorado. The truck is beat to hell, makes terrible noises, the front drivers tire wobbles, the interior is trashed, when you hit the brake the blinkers come on, already had a motor replaced, missfires on all cylinders and he paid me to put a transmission in it. Looking at this truck, its a beater, 168k, but he just finished paying it off.....

Ive seen cars that have been driven for 20 years, with only regular maintenance.

My car is a 92, its pretty much 20 years old. In the last four years the only major repairs ive done were the timing belt and clutch. My car has 280k. Its a beater, up until last year we drove this car up and down the east coast with out issue.

ANY car is going to need to be worked on. Buy a cheap older car, parts are less expensive, repairs cost less, insurance is cheaper. If something happens to it, no big deal.

Sorry, I just cant see your point.

[MonteC]

Very good points. And yes I am praying about it, it's important. The one thing I forgot to mention is that the other big problem is that the mod bug always bites me with cars like these, and it doesn't go away. If I keep it, I'll want to keep modifying it.

My fiancee's car is ok, has little problems every once in a while that I can handle, but it's not worth anything. We just want to do everything possible to get out of debt. Short term it might cost me a little bit of money but long term it will work out better I think.

Yep, the mod bug. Buy a beater and that bug wont bother you.

[MonteC]

Hes got the right idea.

http://www.carolinahorsepower.com/forum/showthread.php?p=117587#post117587

[Jonathan]

Hes got the right idea.

http://www.carolinahorsepower.com/forum/showthread.php?p=117587#post117587

Vtech yo! lol :)

[chrisheltra]

You married her.

Under duress.

[Shane361]

Sorry, I just cant see your point.

It's a simple point really. My sister's POS beater Eclipse GT got 1000's a year in mechanic work. It drained her for years on end. It's no secret when after so many years a car starts to fall apart. If he spent 5 grand instead of 250 bucks....he just might be better off for a longer period of time. Lets also take into account the hassle of it all.

The new Mustang is under 200 a month with no money down and no trade in? Sorry but they are just not that cheap and that is part of the equation.

[AverageJoe]

It's a simple point really. My sister's POS beater Eclipse GT got 1000's a year in mechanic work. It drained her for years on end. It's no secret when after so many years a car starts to fall apart. If he spent 5 grand instead of 250 bucks....he just might be better off for a longer period of time. Lets also take into account the hassle of it all.

The new Mustang is under 200 a month with no money down and no trade in? Sorry but they are just not that cheap and that is part of the equation.

She should have gotten rid of it and gotten a better beater.

[MonteC]

It's a simple point really. My sister's POS beater Eclipse GT got 1000's a year in mechanic work. It drained her for years on end. It's no secret when after so many years a car starts to fall apart. If he spent 5 grand instead of 250 bucks....he just might be better off for a longer period of time. Lets also take into account the hassle of it all.

The new Mustang is under 200 a month with no money down and no trade in? Sorry but they are just not that cheap and that is part of the equation.

So now you are talking about leasing cars? You are just full of bad ideas. Sorry your sister bought a shitty car. There are good cars and bad cars, doesnt matter how old they are.

[Shane361]

She should have gotten rid of it and gotten a better beater.

She did even worse...she still has it and bought a 26,000 SUV she might not be able to afford. :poke:

[Shane361]

So now you are talking about leasing cars?

What in the hell are you talking about?? Leasing??

[MonteC]

What in the hell are you talking about?? Leasing??

Then tell me how youre going to buy a 2012 mustang that is 23k, for 200 dollars a month with no money down?

I pay 247 a month at 5 percent, and I only financed 10k, so how do you finance over double that and come up with 200 a month?

Please dont say 72 month loan.

[ForceFed4g63]

Then tell me how youre going to buy a 2012 mustang that is 23k, for 200 dollars a month with no money down?

I pay 247 a month at 5 percent, and I only financed 10k, so how do you finance over double that and come up with 200 a month?

Please dont say 72 month loan.

I think he was trying to do the math in his head when your wife said that she has that low of a payment on the mustang, I think he just assumed that it was leased in order to get that low payment, I'm sure he didn't know that you only financed 10k.

Just for the record, the 3rd Gen Eclipses are terrible cars, everybody I know with one has pretty much constant problems. Like I said before, I bought a $700 civic a few years back and drove it every day for over a year with literally zero issues, so I'm not too worried about it.

[LadyInRed]

I pay $239 a month at 5 percent

:)

[LXtasy]

i have had couple hundred dollar beaters and NO ISSUES after I got them running right. My 89 blazer is still running today and I only paid $350 for it. Needed $500 worth of stuff to it and that was it. I see it everday because a coworker drives it now.

I have thought about the beater/fuel mileage vehicle myself. But I usually still try to mod them in some sort of way

[Derek]

half & half.


my wife & kids always rolled in the new stuff, and i had skrate up JUNK.

John I tip my hat to you sir. Thats how i roll just ask Hal.:bigthumb:

[LXtasy]

the beetle is not junk. That shit is the hotness. heck. My wife is the same way. She drives the nicer and newer stuff than me

[Shane361]

I think he was trying to do the math in his head when your wife said that she has that low of a payment on the mustang, I think he just assumed that it was leased in order to get that low payment, I'm sure he didn't know that you only financed 10k.

Just for the record, the 3rd Gen Eclipses are terrible cars, everybody I know with one has pretty much constant problems. Like I said before, I bought a $700 civic a few years back and drove it every day for over a year with literally zero issues, so I'm not too worried about it.

I didn't assume she leased it but I said the same thing to him as he said a few post to me. If ya financed 10 it's because you either put money down or had a hell of a trade in. Both which would or should have counted towards the equation in the first place. So 200 a month isn't beater range if you put a shit load of money down in the first place and it's a new car.

It's not hard, all I said and have been saying is, and if it makes you feel better "IMO" it's better to spend say 1000 cash on a more reliable car than say 250 on one that might have the tranny go out tomorrow. You get what you pay for. Standing by to continue this feeble squable over opinion:?