Ok ATOT, I gues I'm going to try and sell my STi

[oogabooga]

i'll give you 1000 dollars for it 😉 Just send PM, i'll be there to pick it up ASAP.

though i'm sure you'll pass on my offer. Best of luck : hopefully you don't take too much of a financial hit selling it and well... here's to better financial choices. :beer:

 

[SouthPaW1227]

Originally posted by: Jumpem

Originally posted by: nourdmrolNMT1
bingo you are way way way in over your head. get an apartment, although a poor investment, it will allow you to live somewhere for cheaper than a house and allow you to save money for the house you would like while allowing you to keep what you already have.

I live in an apartment. I'm not necessarily in over my head. I have a bit over $1k left over each month. I'm just in over my head for getting a house.

Over $1k leftover? Dang I'd say you're just fine.

EDIT: And $630/month ain't bad...better than a beater that needs repairs every 3 months. I vote keep both cars & just don't spend on many other luxeries.

 

Originally posted by: Jumpem

Originally posted by: SampSon
Jumpem: If you are serious about selling the car, ditch it before it gets older and serious miles go on it. If you can truly deal with a one car household (which most people in this country cannot) then go for it.

I put it on cars.com an hour ago. I'll give it some time.

I'm still up in the air about the house. If we can get by on one car it would be doable, but we'd only have a thousand or so left in our monthly budget for repaying debt or other things. I guess if the realtor/finance guy sounds positive I'll look into it more. If he says it's too much I'll wait.

Yea, it's pretty much brand new, so you can get an ok penny for it.

So you would have a grand left if you got rid of the STi and bought a house? Or would you have a grand left over no matter what?

When buying a first house, get something small and cheap. Try to keep it under 100K. I know there are hundreds of great houses on the market in great areas that you can get for very cheap. All together it would cost you less than rent.

 

[Storm]

Well at least you will learn from this situation...

 

[Jumpem]

Originally posted by: SouthPaW1227
Over $1k leftover? Dang I'd say you're just fine.

EDIT: And $630/month ain't bad...better than a beater that needs repairs every 3 months. I vote keep both cars & just don't spend on many other luxeries.

That was my plan when I got the cars. But now that I'm somewhat interested in a house both cars don't fit the budget anymore.

 

[Jumpem]

Originally posted by: SampSon
Yea, it's pretty much brand new, so you can get an ok penny for it.

So you would have a grand left if you got rid of the STi and bought a house? Or would you have a grand left over no matter what?

When buying a first house, get something small and cheap. Try to keep it under 100K. I know there are hundreds of great houses on the market in great areas that you can get for very cheap. All together it would cost you less than rent.

If I sold the STi only, and stayed in my apartment I would end up with over $1500 left.
If I sold it and bought that house, it would be back to about $1k left.

The gf and I both decided that we would rather wait longer to get a nice house we really want that 's $150-175k, then get a cheap house just to move again in a few years.

 

[Jumpem]

I'm going to bed. I'll check this again in the morning before I go to work. Thanks to those of you that are offering sincere advice. I appreciate it. 🙂

 

Originally posted by: Jumpem

Originally posted by: SampSon
Yea, it's pretty much brand new, so you can get an ok penny for it.

So you would have a grand left if you got rid of the STi and bought a house? Or would you have a grand left over no matter what?

When buying a first house, get something small and cheap. Try to keep it under 100K. I know there are hundreds of great houses on the market in great areas that you can get for very cheap. All together it would cost you less than rent.

If I sold the STi only, and stayed in my apartment I would end up with over $1500 left.
If I sold it and bought that house, it would be back to about $1k left.

The gf and I both decided that we would rather wait longer to get a nice house we really want that 's $150-175k, then get a cheap house just to move again in a few years.

You really don't need a 150-175K house. You have debts to pay off (I'm assuming you have substantial school debt), the focus should be on thoes.
A starter home in upstate ny shouldn't be in the 150-200K range. At that point you're not paying for quality of the house at all, you're merely paying for perceived superiority of location. When it boils down to it, that "benefit" is not near worth the pricetag.

 

[razor2025]

hmm, I'm only 19, and have no experience dealing with all these financial crap, except ones from helping out my parents. I think you should definitely plan for the long-term. Buying a house sounds like an impulse, and you might haven't thought about "rainy-days" ahead. I would definitely keep the apartment and do my very best to pay off that STI/Forrester, and then start saving up for the house. That's what I would do personally. Of course, I'm assuming that you're going to take a good hit on STI when you sell it. If you can manage to break-even and don't mind driving a stuttering 90' Camery (like I do), then you can go for the house.

Btw, can I have your STI for $2.2k? That's all I have in bank 🙁

 

[Jumpem]

Originally posted by: SampSon
You really don't need a 150-175K house. You have debts to pay off (I'm assuming you have substantial school debt), the focus should be on thoes.
A starter home in upstate ny shouldn't be in the 150-200K range. At that point you're not paying for quality of the house at all, you're merely paying for perceived superiority of location. When it boils down to it, that "benefit" is not near worth the pricetag.

There don't seem to be that many nice homes for sale near the $100k point though. There are out around Canandaiuga, but not here. IT seems everyone wants $150k for a little ranch house.

I refuse to live in the city so that cuts down alot of the cheap houses. I'm not really against a cheap house, I just haven't seen any listed that appeal to me. Finding a small ~1200sq.ft. ranch for a reasonable price would be great.

 

[iamwiz82]

Originally posted by: Jumpem

Originally posted by: SampSon
Yea, it's pretty much brand new, so you can get an ok penny for it.

So you would have a grand left if you got rid of the STi and bought a house? Or would you have a grand left over no matter what?

When buying a first house, get something small and cheap. Try to keep it under 100K. I know there are hundreds of great houses on the market in great areas that you can get for very cheap. All together it would cost you less than rent.

If I sold the STi only, and stayed in my apartment I would end up with over $1500 left.
If I sold it and bought that house, it would be back to about $1k left.

The gf and I both decided that we would rather wait longer to get a nice house we really want that 's $150-175k, then get a cheap house just to move again in a few years.

Keep in mind that there are a LOT of ways your money will disappear when you own a house. I can make $1,000 disappear in a flash and do nothing but improve the house. You can easily drop a few K just moving in. Do you have any outdoor equipment? Pools aren't bad for upkeep, but its a few hundred a year. I'm not trying to scare you, I'm just letting you know. I was prepared for our pool to be much more expsensive that it was this year, but I bought all the chemicals online and saved 50+% on everything plus free shipping (70lbs worth of stuff).

 

[Jumpem]

Originally posted by: iamwiz82
Keep in mind that there are a LOT of ways your money will disappear when you own a house. I can make $1,000 disappear in a flash and do nothing but improve the house. You can easily drop a few K just moving in. Do you have any outdoor equipment? Pools aren't bad for upkeep, but its a few hundred a year. I'm not trying to scare you, I'm just letting you know. I was prepared for our pool to be much more expsensive that it was this year, but I bought all the chemicals online and saved 50+% on everything plus free shipping (70lbs worth of stuff).

I have a garage full of tools and gardening stuff, but no real outdoor equipment. The lot is a couple acres, I'd get by with a push mower for a while.

I think we'd be able to move ok with a Ryder truck ourselves.

 

[iamwiz82]

Originally posted by: Jumpem

Originally posted by: iamwiz82
Keep in mind that there are a LOT of ways your money will disappear when you own a house. I can make $1,000 disappear in a flash and do nothing but improve the house. You can easily drop a few K just moving in. Do you have any outdoor equipment? Pools aren't bad for upkeep, but its a few hundred a year. I'm not trying to scare you, I'm just letting you know. I was prepared for our pool to be much more expsensive that it was this year, but I bought all the chemicals online and saved 50+% on everything plus free shipping (70lbs worth of stuff).

I have a garage full of tools and gardening stuff, but no real outdoor equipment. The lot is a couple acres, I'd get by with a push mower for a while.

I think we'd be able to move ok with a Ryder truck ourselves.

A couple of acres with a push mower will be murder. :Q At the very least buy a used riding. I sold my old 1978 Simplicity for $110 and it still ran.

 

[Uppsala9496]

Originally posted by: Jumpem

Originally posted by: SampSon
You're probably going to take a major hit on the money you owe.

I don't think it'll be too bad. A new one is $31-34k depending on where you get it. Mine has 7k miles and I owe $26.5k. I'll probably lose most of my down payment, but should come out able to pay off the loan.

HA HA HA HA HA! If you believe that you will get anything close to $26.5K, you are living in a dreamworld. If you sell, you are going to get taken to the cleaners. I guarantee that you will come out behind on the loan. So, you will be paying for a car that you no longer own.

 

[Jumpem]

Originally posted by: Uppsala9496
HA HA HA HA HA! If you believe that you will get anything close to $26.5K, you are living in a dreamworld. If you sell, you are going to get taken to the cleaners. I guarantee that you will come out behind on the loan. So, you will be paying for a car that you no longer own.

Do you know anything about STi pricing? I could sell it quick if I only asked $26.5k. That's over $6-7k under new for a car with 7k miles. The dealer I got it from gave the last guy that exact amount when he traded it in. Not to mention similar cars are going for $26-28k at dealer auctions.

 

[Tommunist]

Originally posted by: Jumpem

Originally posted by: Uppsala9496
HA HA HA HA HA! If you believe that you will get anything close to $26.5K, you are living in a dreamworld. If you sell, you are going to get taken to the cleaners. I guarantee that you will come out behind on the loan. So, you will be paying for a car that you no longer own.

Do you know anything about STi pricing? I could sell it quick if I only asked $26.5k. That's over $6-7k under new for a car with 7k miles. The dealer I got it from gave the last guy that exact amount when he traded it in. Not to mention similar cars are going for $26-28k at dealer auctions.

no one buys an STi and doesn't beat the sh!te out of it - so it's going to depreciate very much...

 

[Jumpem]

Originally posted by: Tommunist
no one buys an STi and doesn't beat the sh!te out of it - so it's going to depreciate very much...

Negative. These things depreciate ridiculously slow. Not to mention I don't beat on it. 😉

 

[Saint Nick]

put it on autotrader and put it in local listings and it WILL sell.

believe me.

 

[Tommunist]

Originally posted by: Jumpem

Originally posted by: Tommunist
no one buys an STi and doesn't beat the sh!te out of it - so it's going to depreciate very much...

Negative. These things depreciate ridiculously slow. Not to mention I don't beat on it. 😉

everything depreciates fast in the beginning. the fact that a lot of people won't buy a new STi that has any miles on it (as in - no one has test driven it and hence a lot of dealers will only let people test drive one if they have an actual demo-car) tells you what these buyers are like. And if you didn't beat on it - what's the point? you like filling up gas tanks a lot? it's a sports car and should be driven as such. I certainly wouldn't buy one just based on the looks. it's performence all the way with this car.

 

[Jumpem]

Originally posted by: jndietz
put it on autotrader and put it in local listings and it WILL sell.

believe me.

I threw it on cars.com quick last night. You think I shout put on autotrader and their printed classifieds too?

 

[Tommunist]

Originally posted by: Jumpem

Originally posted by: jndietz
put it on autotrader and put it in local listings and it WILL sell.

believe me.

I threw it on cars.com quick last night. You think I shout put on autotrader and their printed classifieds too?

you should try listing it on some scoobie enthusiast forums as well. you'll feel better selling it to someone who will appreciate the car and you may fair better on the price (but then again maybe not who knows!!!).

 

[Jumpem]

Originally posted by: Tommunist
everything depreciates fast in the beginning. the fact that a lot of people won't buy a new STi that has any miles on it (as in - no one has test driven it and hence a lot of dealers will only let people test drive one if they have an actual demo-car) tells you what these buyers are like. And if you didn't beat on it - what's the point? you like filling up gas tanks a lot? it's a sports car and should be driven as such. I certainly wouldn't buy one just based on the looks. it's performence all the way with this car.

It already has $6k of depreciation. They are much more than $28k new.

I drive it hard sometimes but don't beat on it. I take off barely above idle from stops, and shift smoothly. Of course, I get the engine into high rpms sometimes, but I don't consider that beating on a car.

 

[Jumpem]

Originally posted by: Tommunist
you should try listing it on some scoobie enthusiast forums as well. you'll feel better selling it to someone who will appreciate the car and you may fair better on the price (but then again maybe not who knows!!!).

did that last night too. Put it on the FS forums of NASIOC, IWSTI.com, and SubaruForester.com.

 

[AdamSnow]

Im in the *exact* same problem but swap STI with SRT... lol

 

[Jumpem]

Originally posted by: AdamSnow
Im in the *exact* same problem but swap STI with SRT... lol

LOL... you Pm'd me about getting an SRT-4 when I was getting a new car too. You trying to get something cheaper to save cash?