Need help
08-27-2014, 12:38 PM
#1
Thread Starter
Join Date: Aug 2014
Location: CA
Posts: 3
Need help
Okay, so a quick background on me, I am no stranger to Mustangs as I have grown around them since childhood, I used to own a 2005 V6 that I loved dearly but lost in an accident May of 2013, around that time I was commuting far for work and got myself into an "economy" car 2008 Civic coupe 5spd with a 1.8L four banger. Now I like this care, but I do have to make payments on it and quite honestly it no Mustang lol. I have a guy that is interested in possiblty obtaining a loan on his own to pay off my car and he will take the care over in exchange for his 99 GT. the car has approximately 180000 miles on it. now it's tempting but I am unsure if it's the right thing to do, how long do you think thse cars can last? I know I'll have to do repairs and whatnot, let sface it, it's an old car. Given the situation would any of you do the swap, or pass on the deal?
08-27-2014, 12:57 PM
#2
5th Gear Member
Join Date: Jul 2012
Location: ohio
Posts: 3,628
You really need to look at a few things here.
First , how much do you already have invested in the civic?
How much do you still owe on it?
What kind of condition is the body/interior of the mustang?
I think if you have more than 4500 invested in the civic it would be a no go for me unless the mustang is super clean with no body/paint needed.
First , how much do you already have invested in the civic?
How much do you still owe on it?
What kind of condition is the body/interior of the mustang?
I think if you have more than 4500 invested in the civic it would be a no go for me unless the mustang is super clean with no body/paint needed.
08-27-2014, 01:04 PM
#3
Thread Starter
Join Date: Aug 2014
Location: CA
Posts: 3
You really need to look at a few things here.
First , how much do you already have invested in the civic?
How much do you still owe on it?
What kind of condition is the body/interior of the mustang?
I think if you have more than 4500 invested in the civic it would be a no go for me unless the mustang is super clean with no body/paint needed.
First , how much do you already have invested in the civic?
How much do you still owe on it?
What kind of condition is the body/interior of the mustang?
I think if you have more than 4500 invested in the civic it would be a no go for me unless the mustang is super clean with no body/paint needed.
08-27-2014, 01:41 PM
#4
5th Gear Member
Join Date: Jul 2012
Location: ohio
Posts: 3,628
So with out knowing what your payments per month are , I am guessing you have roughly 6k invested into the civic already.
That seems to be a bit much for a 180k mile 99 mustang that will need paint soon, and what ever other surprises pop up in a couple months of driving it around.
I paid 2800 for my 2000 with 155k miles, it needed an exhaust, tires , front calipers, and I rebuilt the trans. I have a grand total of about 4k invested in it, but I did all the work my self including the trans rebuild. If I am lucky I will be able to sell it for around 5k in my local market.
That seems to be a bit much for a 180k mile 99 mustang that will need paint soon, and what ever other surprises pop up in a couple months of driving it around.
I paid 2800 for my 2000 with 155k miles, it needed an exhaust, tires , front calipers, and I rebuilt the trans. I have a grand total of about 4k invested in it, but I did all the work my self including the trans rebuild. If I am lucky I will be able to sell it for around 5k in my local market.
08-27-2014, 09:42 PM
#5
Thread Starter
Join Date: Aug 2014
Location: CA
Posts: 3
So with out knowing what your payments per month are , I am guessing you have roughly 6k invested into the civic already.
That seems to be a bit much for a 180k mile 99 mustang that will need paint soon, and what ever other surprises pop up in a couple months of driving it around.
I paid 2800 for my 2000 with 155k miles, it needed an exhaust, tires , front calipers, and I rebuilt the trans. I have a grand total of about 4k invested in it, but I did all the work my self including the trans rebuild. If I am lucky I will be able to sell it for around 5k in my local market.
That seems to be a bit much for a 180k mile 99 mustang that will need paint soon, and what ever other surprises pop up in a couple months of driving it around.
I paid 2800 for my 2000 with 155k miles, it needed an exhaust, tires , front calipers, and I rebuilt the trans. I have a grand total of about 4k invested in it, but I did all the work my self including the trans rebuild. If I am lucky I will be able to sell it for around 5k in my local market.
08-28-2014, 04:31 AM
#6
5th Gear Member
Join Date: Jul 2012
Location: ohio
Posts: 3,628
Yea you obviously have a stronger market out there for the 99+ model year cars.
And you have to let the market dictate what a car is worth.
Obviously your not going to recoup all the money you have tied up in the civic and if you are ok with taking a hit of it, and getting out of the payments then go for it.
And you have to let the market dictate what a car is worth.
Obviously your not going to recoup all the money you have tied up in the civic and if you are ok with taking a hit of it, and getting out of the payments then go for it.
