Is it worth it?
Racer
Joined: Sep 2008
Posts: 310
Likes: 0
From: Coral Springs Fl
Wow .....you need to flip it in two days?
Seems like you didn't plan too far in advance?
Your in a tight spot especially at the holidays and that makes for few options. Considering all this it seems like the $10,000 is not the worst way to go. Best of luck on the sale.
Seems like you didn't plan too far in advance?
Your in a tight spot especially at the holidays and that makes for few options. Considering all this it seems like the $10,000 is not the worst way to go. Best of luck on the sale.
The car is only worth what someone else is willing to pay, especially if you need to sell in a hurry. Sorry that you have to sell now but you'll be back. Good luck.
Girl, you have buyers waiting for you in your F/S listing, if you are serious about needing to sell, then you should be answering them, especially for the pics they are asking for...
Last edited by Florida99; Dec 23, 2010 at 06:01 PM.
Team Owner
Joined: May 2001
Posts: 25,050
Likes: 1,265
From: Virginia
St. Jude Donor '11
Drifting
Joined: May 2007
Posts: 1,515
Likes: 14
From: Gig Harbor WA
Mods don't increase value. In fact, they can make the car more difficult to sell because they have to look for the buyer that not only wants a Corvette but also likes your mods. If you can put the stock parts back on and get the same price you may be better off, but unless your aftermarket exhaust is an STS turbo system I'd say you're getting a good deal.
Drifting
Joined: Oct 2003
Posts: 1,932
Likes: 4
From: Warrenville Il
Wow .....you need to flip it in two days?
Seems like you didn't plan too far in advance?
Your in a tight spot especially at the holidays and that makes for few options. Considering all this it seems like the $10,000 is not the worst way to go. Best of luck on the sale.
Seems like you didn't plan too far in advance?
Your in a tight spot especially at the holidays and that makes for few options. Considering all this it seems like the $10,000 is not the worst way to go. Best of luck on the sale.
Thread Starter
Racer
Joined: Jan 2004
Posts: 302
Likes: 0
From: San Diego CA
haha Ive tried 
I even put a post on cragislist and autotrader since the end of October. Failed meet ups and some change in plans on some buyers end. I was hoping to sell it by december and was sure it would for a decent price... well... december is here screaming its ugly head off. I really tried :'((((
The car is only worth what someone else is willing to pay, especially if you need to sell in a hurry. Sorry that you have to sell now but you'll be back. Good luck.
Girl, you have buyers waiting for you in your F/S listing, if you are serious about needing to sell, then you should be answering them, especially for the pics they are asking for...
I even put a post on cragislist and autotrader since the end of October. Failed meet ups and some change in plans on some buyers end. I was hoping to sell it by december and was sure it would for a decent price... well... december is here screaming its ugly head off. I really tried :'((((The car is only worth what someone else is willing to pay, especially if you need to sell in a hurry. Sorry that you have to sell now but you'll be back. Good luck.
Girl, you have buyers waiting for you in your F/S listing, if you are serious about needing to sell, then you should be answering them, especially for the pics they are asking for...
Safety Car
Joined: Jun 2006
Posts: 3,787
Likes: 2
From: Wildomar CA
Lets please weigh the options here...you are going to sell your vette and buy what? A Honda civic with more miles for $5-6k? Or an American car with less miles for $5k? So really you are trading your Corvette for a piece of crap car to get $5k in cash? Sorry but I would never in a million years make that trade over $5k...but then again everything is relative and $5k isn't that much money to me. What I can tell you is $5k is not going to make even one little dent in your tuition costs and will lower your payments next to nothing. Run the numbers and find out. If the car is paid for why not get a loan on the car and then make monthly payments on it? Then you get the full $10k not just $5k, you get to keep the car, and worst case scenario you can always sell the car the same and pay off the loan with the sale funds. The vehicle will jot be upside down. To me this sounds like a case of the parents telling you to do something to get rid of a car they probably never wanted you to have in the first place. Trade my happiness over a mere $5k that I could be making payments on rather than be happy everytime I get in my car? Never going to happen in my world but then again different strokes...
Thread Starter
Racer
Joined: Jan 2004
Posts: 302
Likes: 0
From: San Diego CA
I was thinking of getting a beater for 1-1.5k. I just need something to get me to and from school. Pay off some of my credit card debt so I can buy books for next quarter. Pay for the parking permit, Pay for my apt, and have enough for food and gas. I wish I had family here, it would save me tons, but thats life! I tried getting a lone against it my credit isn't all that good being a broke college student. I called that 1800 loan mart thingy with hulk hogan... pre approved for 6k then DENIED because of my credit card debt from books and food!
Lets please weigh the options here...you are going to sell your vette and buy what? A Honda civic with more miles for $5-6k? Or an American car with less miles for $5k? So really you are trading your Corvette for a piece of crap car to get $5k in cash? Sorry but I would never in a million years make that trade over $5k...but then again everything is relative and $5k isn't that much money to me. What I can tell you is $5k is not going to make even one little dent in your tuition costs and will lower your payments next to nothing. Run the numbers and find out. If the car is paid for why not get a loan on the car and then make monthly payments on it? Then you get the full $10k not just $5k, you get to keep the car, and worst case scenario you can always sell the car the same and pay off the loan with the sale funds. The vehicle will jot be upside down. To me this sounds like a case of the parents telling you to do something to get rid of a car they probably never wanted you to have in the first place. Trade my happiness over a mere $5k that I could be making payments on rather than be happy everytime I get in my car? Never going to happen in my world but then again different strokes...
Last edited by FallenWhun; Dec 24, 2010 at 12:21 AM.
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Safety Car
Joined: Jun 2006
Posts: 3,787
Likes: 2
From: Wildomar CA
I was thinking of getting a beater for 1-1.5k. I just need something to get me to and from school. Pay off some of my credit card debt so I can buy books for next quarter. Pay for the parking permit, Pay for my apt, and have enough for food and gas. I wish I had family here, it would save me tons, but thats life! I thought about getting the loan against it. I tried getting a lone against it my credit isn't all that good being a broke college student.
Thread Starter
Racer
Joined: Jan 2004
Posts: 302
Likes: 0
From: San Diego CA
I agree. but the balance for me is in the long run and not really so much during the present. I'm kinda tipping the scale towards education for these first few years then in the next few years afford another or even a better corvette... thats where I see the balance. Work smart the first few years and have fun for the rest of my life as opposed to having fun now and working the rest of my life.
Six of this half a dozen of another. A beater is going to cost constant money to keep running. Get more student loans to help pay off the stuff. $10k is not a lot of money for reliable transportation any way you cut it. Especially if it makes you happy. Life is a balance between doing what is responsible and what is fun. Reality is you could die in a car accident tomorrow and there may never be a chance for you to live. This is how people end up 60 years old before they own a Corvette. Not saying there is anything wrong with that but my dad wanted a Corvette his whole life and it wasn't that he couldn't afford it he just kept waiting. The only Corvette he got to drive was the 1991 I bought right before he died. I try to remember to balance waiting with doing. Only you know what that balance will be.
Pro
Joined: May 2010
Posts: 624
Likes: 1
From: Northern NJ
thank you so much guys. I've been here since 04 when i got my first vette now its really sad that I'm no longer going to be a vette owner. My parents keep telling me when I graduate med school I'll be able to afford whatever I want lol. I hope they're right because right now books and tuition/ loans aren't really looking good right now. Hopefully one day I can be back on the forum with a similar vette that I currently have to give up. I would love to sell it for 11,900. but debt doesn't wait and I don't want to ruin my credit. I love the corvette family, From the CLB to tech tips I always found answers here. sorry for being a sob but I love the support from this forum.
Race Director
Joined: Jul 2007
Posts: 18,681
Likes: 47
From: Reno is so close to Hell you can see Sparks , State Of Confusion
St. Jude Donor '12-'13-'14
You were lucky enough to enjoy a vette early in life, and it cost you, but you did it. When you're done with school, the next one will be a C7, your lovely bride will adore you and you can tell her all about the years you first drove a vette........you may even buy her one.
Safety Car
Joined: Oct 2004
Posts: 4,809
Likes: 237
From: Utah
Sell the Vette, pay for the immediate necessities.
How many years do you have left in med school?
During the last year or so of residency you might be able to afford another Vette (with some moonlighting).
I waited 7 years after residency, then bought what I wanted ( it was worth the wait).
Plenty of Vettes will be around when you are ready to buy, and you will be very happy!
How many years do you have left in med school?
During the last year or so of residency you might be able to afford another Vette (with some moonlighting).
I waited 7 years after residency, then bought what I wanted ( it was worth the wait).
Plenty of Vettes will be around when you are ready to buy, and you will be very happy!
Melting Slicks
Joined: Jan 2007
Posts: 2,170
Likes: 6
From: Oilerville Edmonton
St. Jude Donor '08
could you talk to your bank about a loan until you can sell the vette for a good price? as a banker, I know we LOVE to lend to doctors.
also, could you take your aftermarket parts off to sell seperately? might be a bit more money in it for you.
either way, sell the car, finish school then buy what ever you want. good luck!
also, could you take your aftermarket parts off to sell seperately? might be a bit more money in it for you.
either way, sell the car, finish school then buy what ever you want. good luck!
Safety Car
Joined: Jun 2006
Posts: 3,787
Likes: 2
From: Wildomar CA
I agree. but the balance for me is in the long run and not really so much during the present. I'm kinda tipping the scale towards education for these first few years then in the next few years afford another or even a better corvette... thats where I see the balance. Work smart the first few years and have fun for the rest of my life as opposed to having fun now and working the rest of my life.
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I would imagine that the $10K offered is about all a reseller will give you for the car - they do have to make a profit after all the defects are fixed. If you can wait a bit, try and see if you can sell it yourself - you usually come out much better.
Safety Car
Joined: Jun 2006
Posts: 3,787
Likes: 2
From: Wildomar CA
Plus your credit card payments are going to be 2% of the balance which worst case scenario is like $200 a month. Even at a crappy rate That is $1600 a year in interest not paying any principal down. You are going to make $130k+ a year. Your student loans will be HUGE compared with that. In the scheme of the long term big picture is $1600 a year really that big a deal? That is basically what a minimum wage worker would make in one month. Look at it this way your first year you will only make $100k instead of $130k and pay off the debt .
It is all relative and I have certainly experienced my life lessons and challenges but I will tell you that even though things seem pretty bad right now the kind of money you are talking about is totally irrelevant in the scheme of your career. Good luck with the sale.
Also have you tried working and going to Med school? My wife took a condensed 14 month RN program and they scared her to death and told her she would need quit her job immediately or she would fail out of school. She worked forty hours a week the whole time and will be graduating top of her class and should be making $130k by June. Nothing is impossible, just depends on how bad you want it.
.It is all relative and I have certainly experienced my life lessons and challenges but I will tell you that even though things seem pretty bad right now the kind of money you are talking about is totally irrelevant in the scheme of your career. Good luck with the sale.
Also have you tried working and going to Med school? My wife took a condensed 14 month RN program and they scared her to death and told her she would need quit her job immediately or she would fail out of school. She worked forty hours a week the whole time and will be graduating top of her class and should be making $130k by June. Nothing is impossible, just depends on how bad you want it.
Last edited by Z06Electron; Dec 24, 2010 at 04:03 PM.
Le Mans Master
Joined: Jan 2004
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From: Knoxville Tn