Need advice-again

[DustyRusty]

Getting back to the original question, are you going to sell it or keep it?

 

[lugbolt]

Welllll....LOL!!

I work at a dealer (not kubota and not cars). The dealer is attached (same building) as a 3rd generation electronics store. The owner of the electronics store (also owns the building we are in) also is part owner of 2 car dealers. I had mentioned to him that I have other cars to drive and that I might sell one of them. He said which one, so I told him about these two. He asked a few questions, said I'll be right back, and an hour or so later he came back with an offer of $26,600 for the 2019 Mustang. I paid $20k for it. The other cars all run/drive and are all paid off. I told him SOLD, send someone to get it and I'll fill out the paperwork.

I have never seen any other time in my 46 years (that I can remember) that you buy a car, run-of-the-mill car that is nothing special (like SVT or GT500, or whatever)), that gains value. And it may never happen again in my lifetime. So if the opportunity is there, take advantage.

Side note, working on my income tax and realized that they are not taking out enough, so I owe almost $4000 in taxes this year. Another good reason to sell the 2019. Plus I'll be debt free again which speaks for itself. And---I can insure 2 of the other 3 cars combined for what insuring the 2019 Mustang insures for by itself. So it saves me about $492 a month all told (payment + insurance + maintenance/upkeep costs)--and I have other cars I can drive anytime I want to.

 

[fried1765]

SPAM

Seems like that "pickle" was over two years ago .
"Pickle" is likely resolved by now.
Previous post was 1-19-2022

 

[TheOldHokie]

Dilemma! Major one.

I sent my daily driver to paint shop Dec 2020, never got nothing done to it. 17 Dec 2021 I picked it up and the day after another shop asked if he could do it, and the owner is a friend of my boss-and my boss helped me out with it. I'm blessed. Anyway, car's home now and back in color again rather than multi-colored like it was.

While it was in paint, in Feb 2021 I bought a used 2019 Mustang Ecoboost Premium. Nothing special, 10 speed auto. Nice car, and I like it for what I need it for.

The painted car is a 1993 Mustang, notchback coupe. It is an original 2.3L 4 cylinder car of which I have swapped in a 2.3L 4 cylinder TURBO engine. It is an original SVO 2.3. 5 speed manual. 3.73 rear gear. It, too, is a nice car (for it's day) and I like driving it. Puts a smile on my face every time I'm in it! It really is, well, FUN.

On the marketplace, I figure the 93 is worth maybe $8000 at the most. It's nice but it's not show quality and I wouldn't try to sell it that way.

The 2019, I paid $20k even for it and owe exactly $17,100 which I can pay off anytime should I decide to.

Here is the dilemma. I like both cars. I can't keep but one. The '19, Vroom offered me $26,100 to buy it. That's $6100 more than I paid for it and leaves me with a cash amount of $9000 leftover should I sell it. If I sell it, I'll be debt free (100%).

Or, sell the '93 and pay the '19 way down and probably just pay it off with some 'boot' money.

What do you think? Sell the '93 or sell the Ecoboost?

I had three different Thunderbird Turbo Coupes with the 2.3L Turbo and 5 speed. It was a pretty big car - the Mustang must be even more fun. Wish I still had the 88 (intercooled) Turbo . Do I need to formally cast my vote.....

Dan