DreamKing

Are you joking?! Carfax is definitely important when buying a used car. It offers insight into mileage fraud, accidents, and a plethora of other things that are just BAD. It's not flawless, of course, but it's better than nothing! It actually prevented me from buying several cars before I ended up with this one. GOD BLESS IT!!!

Emann0007

so you might buy the cobra to resale for a profit just so you can get a GT???? WTF dude? Buy the cobra, it looks pristine.

blackychan 111

no, i really want the cobra, but in order to buy it I need to take out a loan. And plus the insurance would murder me. So I would take out a loan to buy the cobra, then store it until it was sold and pay the loan back and get the GT. I don't want to have to take out a loan (at least for long) to buy a car.

sickspeedgt

better know how much your insurance will be. mine is 300 a month just on the cobra. if yours is anywhere near mine, if you buy it for 6800 (which is a good price if its in good shape) and it takes 3 months to sell, thats almost 1k just on insurance, then add your payments on top of that which will be about 200. add all that up, 200x3=600 and 300x3=900 900+600+gas = about 1700 in 3months. 6800+1700=8500. you'd only make a 900 dollar profit in 3 months IF you sold it for 9.4k. but don't be surprised if it doesn't sell too quickly, the economy sucks, and thats a lot of miles especially if its been driven hard. But good luck

what im getting at is, don't you think you can save up 900 dollars in 3 months

Fallstar01

A few things. First, a 97 Cobra block is suppossedly stronger than the later aluminum blocks. Infact, it's ideal to build the engine up since it's light weight aluminum but stronger than a 98,99,01 cobra or a 03,04 mach 1 block. Second, the clutch doesn't need to be replaced until it's actually going. If it is going then it's a $700 or so job and not a big deal (might even be cheaper depending on who you know). Third, it may sell for 9k or so but you'll need to put in some basic restoration work to make sure it's in perfect shape: fine paint touch up, shampoo the carpets and get new floor mats, condition the leather, put on a good coat of wax and throw in a tune up. A $600 set of wheels or crystal headlights like thesewouldn't hurt either but that cuts right into your profits.

blackychan 111

hmm thanks guys.
About the insurance. I wouldn't insure it right now because it's winter. I'd store it until summer and then maybe drive it around for a month with a for sale sign on it. I don't know if i could save up 900 in 3 months though. I'm 16, almost 17 with a job that pays like 130 per 2 weeks. I don't think I could save 100 every 2 weeks. 100 * 2.5 = 250 * 3 = 750. But that probably wouldn't matter because it would be in a garage for a while. It'd be painful to let it sit there though [] My dad said that he'd pay for the insurance as long as I kept my grades up, though I don't think he knows what kind of money he'd have to pay. Right now I have a 1996 saturn SL1 with 120 k miles on it. That's a HUGE jump up in insurance costs.

The wholeseller who's selling the car said that it probably wouldn't stay for long beause he's had some other people come up to see it. As of yet, the ad is still up though. The dealer's response as to why it was selling so cheap was that he wanted to just make a sale. I don't know about that but I can't find anything wrong with the car other than the mileage.