Should I sell my practically new car?

[tfcmasta97]

why does finding yourself have to be so expensive?

maybe its time to get a dufflebag, a 5 pack of magic markers and a nice jacket, and hitchhike your way into mexico.

Dont worry, cardboard for signs can be found anywhere.

 

[dethman]

2008? *snicker* in 3 years you'll have way different priorities...just like you have different priorities now than a few months ago when you bought that car.

 

[Ranger X]

Originally posted by: dethman
2008? *snicker* in 3 years you'll have way different priorities...just like you have different priorities now than a few months ago when you bought that car.

I agree. My priorities now are SO MUCH different than 3 years ago. Heck, even one year ago my priorities were completely different than what it is today.

I've only backpacked Western Europe so I can't say much about the cost of backpacking but $25k doesn't sound like a whole lot to go backpacking for an entire year.

 

[PeeluckyDuckee]

I'd say keep driving the car for the next 3 - 6 mnths and see if you still feel the same way. Either way if you sell now or 3/6 mnths down the road you're still hit by the almighty depreciation factor, so take your time to decide before you realise you've made another bad decision.

Priorities change, especially if it's 3yrs down the road.

Right now your ears are closed and what others say may not waiver your decision. You've seemed to have, at this very moment, made up your mind. But I'd urge you to slow things down and evaluate your situation again.

I do understand about how a car can tie you down and all of a sudden you no longer want to deal with the payments and think of better things to spend the money on.

Goodluck.

 

[xgsound]

While you're deciding you have an exciting car there.

You asked what I would do, so here goes. Use whatever looks interesting.

First ask the insurance co. how low the rates get when you get another "primary" car and use this as a "luxury" vehicle. If the rates get low enough, buy the beater ($2 to 5K) now for cash. This could lower the $2400 a year for insurance immediately.

Advertise the car in the local paper, at work, and with a sign in the window at a minimum. Save up the money you'll need for paying off the car and buying a beater for cash.

When you pay off debts, pay off the lowest balance first. The former payment can then be applied to other debt.

When you get the extra job, be sure and budget time and money for entertainment. You'll need it for your sanity.

By the time you become debt free you may or may not still want to backpack around the world. This makes no difference at all. You will be more free than almost anyone do make whatever decision you want to at that time.

Good luck,
Jim

 

[BD2003]

Am I the only one that appreciates the irony in how many people want to leave their cushy, air conditioned, well paying office job to travel around the world to places where most people would do anything for a cushy, air conditioned, well paying office job?

 

[CTrain]

Originally posted by: BD2003
Am I the only one that appreciates the irony in how many people want to leave their cushy, air conditioned, well paying office job to travel around the world to places where most people would do anything for a cushy, air conditioned, well paying office job?

Seeing how others live in less developed countries will make you really appreciate the life you have here.

Hey, he has already made up his mind to travel the world.....lets encourage him.
When Mark finish with his trip, I'd like to have another blog to follow.

 

[dxkj]

Originally posted by: DaveCSparty
I need to save up $25,000+ by January 2008 and I have a lot of debt as well. I was stupid and bought a 2005 350z a couple of months ago and the insurance (1200 for 6 months) and the car payments are making it really hard for me to save up any money.

What would you guys do in my situation? I like the car a lot, but there are just more important things to me right now that I need to save up money for.

Please don't b&tch at me about how stupid I am. I know it was a dumb thing to do and it's a dumb thing to get rid of the car too. I just want to know if I should cut my losses now or in a few months.

This is just something I have to do. Please offer any help you guys can. Thanks!

Sure, how many miles, color, option, how much do you want for it ?

 

[CtK]

should have gotten a Infiniti G35c, it keeps its value better
hehehe
damn ur insurance is high!!
try to get tat reduced with another company

anyway good luck on finding urself

 

[GasX]

Buy a used car for <$6,000 and let the saving begin!

 

[Saint Nick]

Originally posted by: Mwilding
Buy a used car for <$6,000 and let the saving begin!

i agree.

 

[Kelemvor]

$200/mo for insurance? Holy crap. We pay less than that for all 3 of our cars together.

I'd sell it if you can find a way to not lose too much money from the deal since it's so new. Then get a used reliable car that will cost much less, be cheap to insure, etc.

A car's function is just to get you around from place to place. They can do that whether they are new or used, expensive or cheap. It's all about priorities and your ego with not driving a brand new fancy car.

 

[DaveCSparty]

Thanks guys for the encouragement and attempts at giving me reality check

I'm pretty stubborn to let some people talk me out of seeing the world it's always been a dream of mine and i'm just not happy at my job. i'm good at it and i make decent money for a kid my age, if i dont have that car payment i can save more than $2000 a month after i pay off my credit cards.

i was stupid when i was in college and in the past year (1st) of my career. i blew my money on stupid stuff... cars, dvds, computers, tivos, golf clubs, you name it. i was buying so much material things because something else is missing. i need find what my passion is...

i dont know what i want to do after my adventures, but all i know is that i only live once and this is something i have to do. i dont want to audit financial statements for the rest of my life. there has to be more to life than waking up everyday and being a zombie in this corporate wasteland.

 

[DaveCSparty]

Originally posted by: FrankyJunior
$200/mo for insurance? Holy crap. We pay less than that for all 3 of our cars together.

I'd sell it if you can find a way to not lose too much money from the deal since it's so new. Then get a used reliable car that will cost much less, be cheap to insure, etc.

A car's function is just to get you around from place to place. They can do that whether they are new or used, expensive or cheap. It's all about priorities and your ego with not driving a brand new fancy car.

Yep.. i'm young and i still have a bit of an ego... but im looking to change for the better. i see guys driving '85 escorts and i now think that it's not so bad. im beginning to be comfortable enough with myself where i can picture myself driving a rusting 94 grand am.