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Sigh, may have to sell one of my favorite gold coins
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<p>[QUOTE="Vess1, post: 702885, member: 13650"]You're in a tough spot. I would borrow a vehicle from family members (if at all possible) until the job was secured for a few months. Then I'd sell the moped only and add that to whatever cash you could save to use on a down payment on as new of a vehicle as you could get. But not a brand new one.</p><p><br /></p><p> I've sold several high dollar items in the past and it never panned out the way I expected. The money always ended up going to something else I never intended it for and next thing you know, it's gone and you didn't achieve what you thought you were going to. Granted, I wasn't going after something that was needed, but it was important none-the-less. In the end, I should have kept what I had. Now that I've been living on my own with many bills to pay, despite having a decent job, it's not that easy to blow 1500 on this hobby and 2k on that hobby. In other words, it's hard to get something like that back. </p><p><br /></p><p> I know others may not like my opinion here but that's the way it was for me. </p><p><br /></p><p> Do you have to pay cash for the car? You're shooting for no loan? I had an old 87 Chevy pickup in highschool that was pretty sweet. We got it for 3900. I paid half and my dad paid half. It had 106k miles on it when I got it. I loved it.</p><p><br /></p><p> Over the next several years of owning it, I had to put another 4k in it before trading it in for about 3k on a brand new one. Cars are a BAD losing proposition. </p><p> I would get the newest thing you could afford and just make payments. You don't want a $500 repair to sneak up on you like I had in the first year.</p><p> It will help build your credit rating which you will need down the road. If you pay cash for an old beater, it has zero impact on your credit rating because there is no history. Which just makes it harder getting your next car or a house. The payments suck but you're in a better position overall.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 702885, member: 13650"]You're in a tough spot. I would borrow a vehicle from family members (if at all possible) until the job was secured for a few months. Then I'd sell the moped only and add that to whatever cash you could save to use on a down payment on as new of a vehicle as you could get. But not a brand new one. I've sold several high dollar items in the past and it never panned out the way I expected. The money always ended up going to something else I never intended it for and next thing you know, it's gone and you didn't achieve what you thought you were going to. Granted, I wasn't going after something that was needed, but it was important none-the-less. In the end, I should have kept what I had. Now that I've been living on my own with many bills to pay, despite having a decent job, it's not that easy to blow 1500 on this hobby and 2k on that hobby. In other words, it's hard to get something like that back. I know others may not like my opinion here but that's the way it was for me. Do you have to pay cash for the car? You're shooting for no loan? I had an old 87 Chevy pickup in highschool that was pretty sweet. We got it for 3900. I paid half and my dad paid half. It had 106k miles on it when I got it. I loved it. Over the next several years of owning it, I had to put another 4k in it before trading it in for about 3k on a brand new one. Cars are a BAD losing proposition. I would get the newest thing you could afford and just make payments. You don't want a $500 repair to sneak up on you like I had in the first year. It will help build your credit rating which you will need down the road. If you pay cash for an old beater, it has zero impact on your credit rating because there is no history. Which just makes it harder getting your next car or a house. The payments suck but you're in a better position overall.[/QUOTE]
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