Classic Mustangs (Tech) Technical discussions about the Mustangs of yester-year.

To sell or store?

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Old Jul 31, 2008 | 07:44 AM
  #1  
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bluovalguy
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Default To sell or store?

Hey all, it has been awhile since I've been on. I am still deployed, only a year left[:@] Anyway, my wife has recently came across a job oppurtunity to take us back to Germany. Still with the Govt. supporting the army, and that is the same type of job I am looking for when I get back from this deployment. The job she is looking at pays for our move over, plus about 1300 euro's a month for housing plus the salary. If she gets it we are going, because between the two us of, we could stay for at least 10 years (we LOVED it there). So, if we were going for only a year or two, I would keep it without a doubt. But, 10 or more years sitting in storage is hard to stomach. But if I sell it, I dont know if I will be able to afford to get another one when I finally do come home. I am afraid that the market will price my a$$ out. What do you all think??
Old Jul 31, 2008 | 08:08 AM
  #2  
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Default RE: To sell or store?

If you can afford it take it with you to Germany. Unfortunately it will cost in the ball park of 2K and the probability of getting plenty of surface rust on the car form the salt air. The folks in bermahovin (spelling) will take care of your baby but the shipping folks are rough. I had shipped a 69 Chevy over there and the locals loved the ride but hated the noise (to loud) on those small surface streets.


Old Jul 31, 2008 | 08:42 AM
  #3  
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Default RE: To sell or store?

First off I'll say my brothers are both in the military and thank you for your service.

Second, my twin brother loved Germany (stationed in Mainheim when he was in the Army) and would go back in a heartbeat.

Finally, have you looked into shipping the car to Germany? I know we did that for my brother with his Trans Am (Granted it was early 90's) but I don't remember it being that expensive. The shipping port I think was New Orleans but a lot of stuff goes out of Houston as well.

I say transport it and drive it in Germany for those ten years. Enjoy the country and the car even if it's on the weekends only.

Old Jul 31, 2008 | 08:43 AM
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Default RE: To sell or store?

I would try to ship it.
Old Jul 31, 2008 | 09:27 AM
  #5  
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SJs 66coupe
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Default RE: To sell or store?

I would try to ship it over.

If you decide to store it however my suggestion number one would be to drain the gas. My old trunk had sat for a long time...the paint faded badly but the worst was when it was stored gas was left in the tank. The dye in the gas separated and caused a real mess for a while because it kept clogging up fuel filters, etc. It really isn't good for a car to just sit unused for long periods of time.
Old Jul 31, 2008 | 09:39 AM
  #6  
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Default RE: To sell or store?

I would love to ship it, but it will be around $1400 over there, then whatever it cost to ship back. Plus, parts are not easy to come by, and the added shipping cost would kill me. My car still needs lots of work and parts. So I dont know how practical it would be to ship. I really just dont want to sell it. Maybe I will ship it though. Better to sit in storage there than it is here. At least then I could look at it and still tinker some
Old Jul 31, 2008 | 09:40 AM
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Default RE: To sell or store?

But if I sell it, I dont know if I will be able to afford to get another one when I finally do come home. I am afraid that the market will price my a$$ out.
Buddy, you're not selling a Shelby. Classic Mustangs will ALWAYS be around and available.

$50 a month forenclosedstorage = $6,000 over ten years time.

Although money may be "tight" now, ten years from now $10-15k could be a drop in the bucket for you. Unless Mom gave birth to you in the backseat of this car, my advce is to sell it now, while it is in good operating condition. Take the proceeds from the sale and dump it into either a CD or talk to a financial specialist about a high yeild bond fund. Ten years could easily double the originaldeposit.

Dave
Old Jul 31, 2008 | 09:57 AM
  #8  
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Default RE: To sell or store?

I mostly agree with dave.

Selling anything of emotional import is tough but sometimes practical must trump emotional.

If you do not have a relative or good friend whom you can trust to take care of it for a minimum charge, then selling it sounds like the most practical option.

Depending upon your financial situation, smart investment of the sales proceeds would be advised.... and in today's situation {i.e. the weak dollar, tepid GDP growth, credit crisis, housing debacle, low interest rates and 2 wars being financed by borrowing money from future generations instead of raising taxes (BTW, not raising taxes during a war, much less TWO wars - the 1st time ever in the history of this country - is absolute unparalled fiscal madness)} putting your $ in a safe vehicle would probably be a smart move (short term 1 to 3 year, bond ladder or CD ladder - given the low interest rates I would avoid a long term obligation of your funds since interest rates are so low presently.).

Good Luck.
Old Jul 31, 2008 | 02:49 PM
  #9  
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Default RE: To sell or store?

I have the best idea of all. Take it over there, drive it for the next few years then sell it for 3 times the value of over here. Remember the germans love american pony cars and muscle cars. This is a no brainer. Ship it and save on storage and repairs. Plus you will not have to buy a vehicle when you get to germany. Oh and you can get your butt drove on the autobahn by a dang beamer.
Old Jul 31, 2008 | 02:52 PM
  #10  
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Fordication
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Default RE: To sell or store?

Depending upon your financial situation, smart investment of the sales proceeds would be advised.... and in today's situation {i.e. the weak dollar, tepid GDP growth, credit crisis, housing debacle, low interest rates and 2 wars being financed by borrowing money from future generations instead of raising taxes (BTW, not raising taxes during a war, much less TWO wars - the 1st time ever in the history of this country - is absolute unparalled fiscal madness)} putting your $ in a safe vehicle would probably be a smart move (short term 1 to 3 year, bond ladder or CD ladder - given the low interest rates I would avoid a long term obligation of your funds since interest rates are so low presently.).

Sour grapes and Kennedy lowered taxes right before we went into Vietnam. How about having our congress man stop subsidizing rich farmers and ag buisnesses. How about quit wasting our money on the homo agenda. How about stop wasting our money on not drilling when we could all be payin $2 a gallon for gas if anyone would have listened to the conservatives for the last 20 years.



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