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SELL or STORE?

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Old Feb 18, 2005 | 11:41 AM
  #21  
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I have been to Oki (spent a year a White Beach) the diving is not bad. Now I will return to topic "Sell it" you do not know where you will be stationed after your 3 year tour in Okinawa.

Back in the day I had a 2year old Mustang GT Convertable that I bought new. I recieved orders to Panama for 3 years. I stored my car. My next tour was to Hawaii. By then the wife and I had a kid and an infant car seat took up the area that we used to store our luggage in. Long story short the car sat for almost seven years. Yes, I was able to drive it a few time during leave periods. However, the new car smell was long gone and it was leaking fluids, so I sold it for 3K. I could have sold it for much more when it was only two years old and banked the money. I know that my car was not a Vette, however, the situation is the same, in three years your car will be worth less money than it is now. Storage takes a toll on the car, and your situation 3 years from now may be different.

Good luck.
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Old Feb 18, 2005 | 05:12 PM
  #22  
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Originally Posted by LJKaddy
Sell it and put the cash in a Mutual Fund that you can't touch until you come back---then you can up grade
Unless there is some special attachment you will be better served by letting it go.
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Old Feb 19, 2005 | 11:49 AM
  #23  
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Old Feb 19, 2005 | 12:31 PM
  #24  
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Originally Posted by ravenlunatic
I have a 1996 LT1 polo green coupe that is in excellent condition and just turned 80,000 miles. I am in the USMC with orders to Okinawa for three years. Should I store it (no cost to me) on the Marine Corps dime. Or sell it and get another one when I get back. Thanks for all suggestions! For those who want to know why I don't take it with me, you can only ship cars made before June 1976 to Okinawa. Don't ask me why, I have no idea. I really hate to get rid of her but always have heard that sitting still is not good for these cars.
Sell it and put the money in CD's (certificates of deposit). That way not only will you protect your money from the sale, but you'll draw the interest for the next three years. When you get out, you'll have even more money to go Vette shopping with.
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Old Feb 21, 2005 | 11:34 AM
  #25  
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Thanks for all the replies. I have decided that I will try and sell it beginning the first week in April, I don't leave for Okinawa until June so I have a little time and would like to continue and enjoy the car a while longer. I will not give it away, but will sell it for a very reasonable price if anyone is interested let me know. I've got twenty years in the Corps now so this may be my last tour, the idea of investing the money from the sale and shopping for another one when I return sounds like the best advice and is what I plan to do. THANKS
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