Been doing some thinking....what do you guys think?
WIP
Joined: Jun 2001
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Being the responsible type... I'd have to say to not get rid of the car.. but.... just cut back on all the expenditures for it.
When I bought my Cobra new in 97 I was married with no kids living in a small house. I have since then divorced, gotten remarried, adopted a child, had my wife decide she wanted to be a "stay at home" Mom, had another child, and moved to a new house (not to mention a couple of new vehicles thrown in there as well).
And I've pushed the performance "bug" back for that many years... yet still had my "toy". It can be done... just need to decide on how bad you want it.
When I bought my Cobra new in 97 I was married with no kids living in a small house. I have since then divorced, gotten remarried, adopted a child, had my wife decide she wanted to be a "stay at home" Mom, had another child, and moved to a new house (not to mention a couple of new vehicles thrown in there as well).
And I've pushed the performance "bug" back for that many years... yet still had my "toy". It can be done... just need to decide on how bad you want it.
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The Iron(FE)-Works
My daddy always said, "When you want to hammer a nail, don't do anything fancy. Just get a hammer and pound the son of a bitch."
The Iron(FE)-Works
My daddy always said, "When you want to hammer a nail, don't do anything fancy. Just get a hammer and pound the son of a bitch."
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O.k. my turn. 
Here is what I did, maybe this will work for you or not but it seems like it applies so here it goes.
I drove the hell out of my car for the first 4-5 years, put every extra dime I had into it and had a good time. No regrets.
Then I got married and my outlook changed a little and not because of my wife. So I parked the car for almost 5 years and got my life in order. First I purchased a home, got married, finished my education, got my career going, started a family (which REALLY changes your priorities overnight), and then saved a decent amount of money to make sure my family is secure in the event business slows.
Now that I have completed all of that, I started putting money in the Mustang again. I drop money in it every once and a while for fun but nothing hard core, well not yet anyway.
The moral of my story is, don't second guess what you have done but have a set plan and timelines for the future, then stick to the plan. Maybe what I did will work for you or not. If you keep the car you can always work on it later when you get things in order. If you sell it you will always think "what if" ?
Hope that did not get to philosophical.
Here is what I did, maybe this will work for you or not but it seems like it applies so here it goes.
I drove the hell out of my car for the first 4-5 years, put every extra dime I had into it and had a good time. No regrets.
Then I got married and my outlook changed a little and not because of my wife. So I parked the car for almost 5 years and got my life in order. First I purchased a home, got married, finished my education, got my career going, started a family (which REALLY changes your priorities overnight), and then saved a decent amount of money to make sure my family is secure in the event business slows.
Now that I have completed all of that, I started putting money in the Mustang again. I drop money in it every once and a while for fun but nothing hard core, well not yet anyway.
The moral of my story is, don't second guess what you have done but have a set plan and timelines for the future, then stick to the plan. Maybe what I did will work for you or not. If you keep the car you can always work on it later when you get things in order. If you sell it you will always think "what if" ?
Hope that did not get to philosophical.
Thread Starter
The H N I C
Joined: May 2002
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The only thing I worry about keeping the car and putting it on the back burner is that by the time I am ready to give it a run again, my entire set up will have gone way of the pushrods. So, down the road if I want to do something I could easly build a new project set up strictly for the track rather then what I am doing now, in paying double to keep it street friendly. I don't know the car is just starting to become a pain in the ass, and I am really getting sick of paying rent rather then paying a mortage.
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Does that look normal to you?
Ricer In Training
Joined: Apr 2002
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Cars are like women. Drive a an old busted ass rusty Huyndai and it's the equivelent of dating a fat or ugly chick-she's low maintanence and does the job, but you don't wanna be seen in public with her. Fast cars are like fast women. Everybody admires what you have, but nobody knows about the headaches, time, effort and money you have put into that bitch(woman or car)
Would you consider just putting the car in storage, or do you need to put money down on a house. Unless this is your dream car I would sell it, even though you're only gonna get half of what you put into it. This is probably the best time to buy a house, with the lowest % rates in 20 years.And real estate is constantly appreciating.
And as for my final words of wisdom...
IF IT'S GOT TITS OR WHEELS, YOU'RE GONNA HAVE PROBLEMS WITH IT!
Would you consider just putting the car in storage, or do you need to put money down on a house. Unless this is your dream car I would sell it, even though you're only gonna get half of what you put into it. This is probably the best time to buy a house, with the lowest % rates in 20 years.And real estate is constantly appreciating.
And as for my final words of wisdom...
IF IT'S GOT TITS OR WHEELS, YOU'RE GONNA HAVE PROBLEMS WITH IT!
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"There's more flawless engineering in a Camry than all the berlinettas Enzo ever conjured while lying next to mistresses." - John Phillips/Car and Driver
The swapped hatch hotness
Slow Five-Oh Rustang
"There's more flawless engineering in a Camry than all the berlinettas Enzo ever conjured while lying next to mistresses." - John Phillips/Car and Driver
The swapped hatch hotness
Slow Five-Oh Rustang
Thread Starter
The H N I C
Joined: May 2002
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Originally posted by "AlcohollicA"
Would you consider just putting the car in storage, or do you need to put money down on a house. Unless this is your dream car I would sell it, even though you're only gonna get half of what you put into it. This is probably the best time to buy a house, with the lowest % rates in 20 years.And real estate is constantly appreciating.
Would you consider just putting the car in storage, or do you need to put money down on a house. Unless this is your dream car I would sell it, even though you're only gonna get half of what you put into it. This is probably the best time to buy a house, with the lowest % rates in 20 years.And real estate is constantly appreciating.
The way the market is, that is a big reason why I want to get a house at this time. I know even if its a shit hole its still going to make me money. Also, with the market I would like to have some extra cash being now is the time to buy some bigger named stocks that use to be well out of my price range.
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Does that look normal to you?
Does that look normal to you?
Daddy-O
Joined: Aug 2001
Posts: 3,300
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ok my turn.
I started building my 85 a few years back, took me almost 4 years to get it where it is at today due to other things taking priority (wife was going to school/single income, etc). I do have a house and a wife and yes I have put a lot of money into the house, but it has been well worth it (appraised at almost 50k more than what we bought it for). Don't buy a sh!thole house just to buy a house, set money aside each month to build up a down payment. Then when you are able to afford something you like (again keep reality in check), go for the house. As far as the car is concerned, it depends on what you ultimately want out of that car. I used to have a 95gt that was a blast to drive on the road, but just cost too much money to keep up and wasn't a great daily driver (50+ miles per day). I've got a lot of money into my 85, but I did it over time so it didn't hurt as much. Patience is what is needed to do it like this, it can be frustrating but in the end it is worth it.
At this point I've got a little one on the way, but I don't have to sell the car since I took it easy on how the car was built. I know I won't be able to do as much with it as I have in the past, but I am fine with that and happy about the fact that I can still go out and make a blast down the 1/4 mile.
Besides, when my son gets old enough, he'll get to see his dad race!
I started building my 85 a few years back, took me almost 4 years to get it where it is at today due to other things taking priority (wife was going to school/single income, etc). I do have a house and a wife and yes I have put a lot of money into the house, but it has been well worth it (appraised at almost 50k more than what we bought it for). Don't buy a sh!thole house just to buy a house, set money aside each month to build up a down payment. Then when you are able to afford something you like (again keep reality in check), go for the house. As far as the car is concerned, it depends on what you ultimately want out of that car. I used to have a 95gt that was a blast to drive on the road, but just cost too much money to keep up and wasn't a great daily driver (50+ miles per day). I've got a lot of money into my 85, but I did it over time so it didn't hurt as much. Patience is what is needed to do it like this, it can be frustrating but in the end it is worth it.
At this point I've got a little one on the way, but I don't have to sell the car since I took it easy on how the car was built. I know I won't be able to do as much with it as I have in the past, but I am fine with that and happy about the fact that I can still go out and make a blast down the 1/4 mile.
Besides, when my son gets old enough, he'll get to see his dad race!
drives euro trash
Joined: Jun 2000
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This is the main reason I am selling the Mustang. Since I can now afford to keep both cars with my new full-time job, I am still faced with the fact of where the hell to keep the Mustang. No apts in the S. Tampa area have garages, so I obviously need to get rid of the Mustang since I wouldn't feel safe about having it sitting outside where it could get broken into for the 3rd time. I figure that I keep the Focus for a while since it is paid off, then a year down the road get another Mustang when I can really afford it. Technically, I could afford to trade the Focus in on a newer Mustang...but that would be very fiscally irresponsible of me with all the bills I need to pay, not to mention the fact that I need to buy furniture and whatnot.
So yeah, I feel your pain of getting rid of a car you love to hate/hate to love. Just think of it as being temporary, and you can always have another one later on in life when your priorities allow it.
So yeah, I feel your pain of getting rid of a car you love to hate/hate to love. Just think of it as being temporary, and you can always have another one later on in life when your priorities allow it.
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AuH20 in '64
Joined: May 2001
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Well, I'm only 21. Ok, I'll be 21 in a month...BUT. I have to make my monthly payment on the Focus, pay the insurance and gas on the focus, pay whatever I charge on my credit card and pay for all of my other expenses. I also am a full time student and just dropped almost 2k in books and tuition for this semester. I have 3 student loans from when I was attending the University of Tampa, but they are going to be deferred now that I'm back in school. That is why I still haven't even done the basic mods to the focus, nor have I gotten decent autoXing tires. This is also why my 2 engines for my '73 Dart are sitting in the same place they have been for over a year and why my dart hasn't moved in over a year. I would love to build a 408 stroker out of my 360 and top it off with a set of Indy's new SB Chrysler heads. That combo, w/ a single 1050 carb produces 670 horses w/ 12.5:1 pistons. I have the complete plans for the buildup based upon a build up and dyno flog I read. Unfortunately, The dart sits in my father's friend's yard in Riverview (parent's won't let me keep it at home) and I haven't seen it in so long. It's 100% rust free body might be ravaged by cancer at this point. I don't know, I hope not. I wish I had some place to keep it, but I don't. I wish I could put the engine together, but I can't. I don't like any of that but it's what I have to do. Life's a bitch. I don't know what to tell you, Mike....just remember...hardships/oppurtunities can come and go...and hind sight is 20/20. Don't jump on a whim and then regret it down the road.
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Thread Starter
The H N I C
Joined: May 2002
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Thanks guys.......A lot of you are saying that I may regret it down the road, but I am thinking if I don't get rid of the car and am in the same spot 5 yrs from now I will regret not getting rid of it and giving myself an oppertunity to get a little bit ahead.
I would love to keep it and just wait while I put a little bit away each month but in all honesty with all my expences (and I know I go out a lot which i can cut down on) I would only be putting away like $10......I am not poor by any means but its getting to the point now that I want to see the pluss side of things.
I would love to keep it and just wait while I put a little bit away each month but in all honesty with all my expences (and I know I go out a lot which i can cut down on) I would only be putting away like $10......I am not poor by any means but its getting to the point now that I want to see the pluss side of things.
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Does that look normal to you?
Does that look normal to you?
