ouch

 

Why worry? You have so many other direct and indirect taxes that nickel and dime you to death. I earn a dollar and I lose say 20 cents. Spend the 80 cents on a 50 cent candy bar and am taxed AGAIN another 20 cents. Save the 10 cents and taxed YET AGAIN on whatever interest I make.

 

Any update on what you are going to do with it?

I hope you choose to keep it, you spend a long time wishing you had one and then finding the perfect one. Not to mention, the options on it are AWESOME. Good color, good wheels, 6 speed, and most importantly those cloth seats.

 

ouch, because here in Ohio it is not something we have to contend with, so having to cough up that kind of money yearly is, well just different.

I suppose that they bleed their money away a little at a time, so it is not took all at once. that is the ouch. it is easier to deal with in pieces than getting hammered all at once.

 

The young man really knows how to get the old guys going!
I think the OP has probably already made up his mind before he typed the original post. That's how I functioned at that age. At least asking for advise means your thinking.
I know that the OP says the gal has nothing to do with your decision but really... we've all been there too. Girls come and go. I'd bet a paycheck that most typing here have had their hearts broke a ton of times and then look back at the scrap heap behind them to see what they gave up for chivalry.


OP, if you want to sell the car for all the right reasons, go for it. If you want to sell the car because you feel bad about taking her Civic everywhere, well then.....
It really just depends on how much the car or truck mean to you, but I have a tendency to get attached to things. On the other hand, my "things" have always treated me well and never took me to divorce court. ;-)

 

There it is.

and

 

Even when the man gets the kids and is the innocent party they get fleeced. Nowadays, men are put into poverty by child support. I was never afforded a single cent in child support, not 1 red cent, even though I was granted for and unconditional custody, except for biweekly visitations. AND I had the best lawyer in the county, even the magistrate admitted it.

But that is the way court was in Summit County Ohio back then.

For every person that says that they don't miss the car/boat/truck/motorcycle, there are 10's if not 100's that lament that it is gone. Both from the fun standpoint and the fact, that all too often, the one that got away gets too expensive to replace.

 

I think he has been overwhelmed by the C4 life and ready to move on. OP will have something newer more expensive and less to worry about.

just a guess though of course.

 

Sure it is easier. If I tax you, will you vote for me? Doubtful. I tax the business, he raises the cost of product and you blame him.

 

It is always my hope to always be getting better toys and not stagnating.

 

what I meant was city taxes and such. death by a thousand cuts instead of one big blow. where my friend lives out west, the state he lives in doesn't have a state income tax, but he pays a big license bill yearly for the vehicles. we have state and local taxes, 1 where we live and also where we work.

ohio is not as bad as say New York, but we still get hit. it is just spread out. we get dorked all year long instead of having to come up with it all at the end of the year.

so it is just different

however, there seems to be an income disparity between the center states and the coasts. around here it is the old guys, and when I saw old guys, I am 60, so they must be older than me, driving the higher end 6's and 7's. when we went to Carlisle, I noticed it was a lot of younger guys (and gals) driving the higher end cars.

 

I say keep it. It's not a super expensive car to own (assuming tires are good) and you will regret selling it. I bought a 1998 coupe when i was 18 (on cloud 9) and sold it when i was 20 to go back to school. I wish i'd kept it- but my short sighted brain kept splitting hairs with a few dollars here, a few dollars there, etc. i had a few cheaper cars after it but i am 90% sure it cost me more money to buy other cars, repair them, sell them at a loss, rinse and repeat. You have a well built car and a forum that enables you to fix anything on it which makes it a relatively inexpensive car to own. Plus, you enjoy it. That's worth money, too.

Edit: i know im late to the party, but just in case the OP was still on the fence..

 

Branden, you have (FWIW), generally impressed me as having a good head on your shoulders. I'm an old fart, again fwiw, so take that into consideration.

You should generally NEVER sell a specialty vehicle until YOU are THROUGH with it. You did this with your '84 and cut your losses. A good move I thought. You then took your time and found your current Vette, that you THOUGHT you WANTED. Now not so sure.

Since MPG seems to be a potential issue in your deliberations, as apposed to feelings about travel, school, girlfriends,ets, lets do some math on MPG.

Selling a reasonably good older used vehicle (gets poor mpg) for a newer vehicle (gets great mpg) rarely makes dollar sense for mpg purposes only. Let's see.

You sell your current Vette for the fantastical price of $10,000
You get a fantastical price on a new economy car for $16,000

$16,000 new car (-) minus $10,000 for old car = $6,000

$6,000 is your opportunity cost (opportunity to get better mpg).

How long to pay off the $6,000 via fuel savings (ie break even) and start "making money"?

Say you drive 15,000 miles/yr
Your Vette gets 18mpg. 15,000 mi/yr divided by 18mpg = 833 gal of fuel.

833gal times $3.00 gal = $2,499

Now your new eco car gets 28mpg (ok it does better on the hiway but your vette proabably does too)

15,000 miles divided by 28mpg = 536 gal

536 gal times $3.00 gal = $1,608

Your savings in fuel with the eco car $2,499 - $1,608 = $891/yr

So taking the $6,000 opportunity cost divided by your $891/yr savings gives us 6.7 years until you break even.

In short you can buy a LOT of gas for that $6000 and not have to pay it all up front, or take out a loan.


You can massage the number around some, like take into the consideration you'll be using less expensive fuel (regular) in the eco car, but it will still be years before you break even.

I say stay with the Vette until you are just plain tired of it, like you got with the '84.

Now for some hopefully humor on reasons (from experience) not to sell your specialty vehicle.

Girlfriend wants a ring.
Now, wife, wants a house
Wife wants furniture for said house
Baby needs (what everything)
Kid(s) need college fund
Divorce lawyer (ex-wife will take the car anyway for spite and sell it)

See where I'm going here? YMMV

 

Still got the car, it's not up for sale or anything, took it to the gym today actually. If I ever do put the car up for sale you guys will hear about it first, thanks for all the great advice.

 

If I had to make a choice of an education or the Vette; the C4 would be history in a minute.....take that advise with someone with a college degree....no car can challenge a college degree....

an education is worth an unmeasurable amount in many ways.....a C4 Corvette...well......

and if your living with your folks.....personally that is a challenge too; would be trying to save my money, but that's me.

I didn't have nice cars until I graduated from college.

 

I have to say that while I admire your thinking process, you should never run for government office. They spend first and figure out paying later

 

I hear ya!

 

Follow your heart

One thing for sure, there are more Corvettes and women out there.

 

A Corvette I can buy. Slavery is illegal

 

Then all is right in the world.