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Started By
Message
I want a "fun" old vehicle. Dumb to sell my new'ish pickup for it?
Posted on 3/1/15 at 11:06 pm
Posted on 3/1/15 at 11:06 pm
So, I want an old jeep. Yeah, I know I know, Just Empty Every Pocket....
I also understand that I need a reliable "practical" vehicle to tote my kids around in and what not that has functioning climate control and functioning everything else...
Research tells me I could sell my current truck and get into both an old cj7 jeep and a mid-2000's pickup and also pocket about $10k.
I've checked on insurance and I'm looking at about a $10/month increase between the two scenarios.
And before it's asked, we're maxing out 401k's and roths, only debt is about $15k HELOC, and a reasonable mortgage (balance of ~~67% yearly combined income).
Tell me why this is a bad idea...
YOLO, AmIRite?
I also understand that I need a reliable "practical" vehicle to tote my kids around in and what not that has functioning climate control and functioning everything else...
Research tells me I could sell my current truck and get into both an old cj7 jeep and a mid-2000's pickup and also pocket about $10k.
I've checked on insurance and I'm looking at about a $10/month increase between the two scenarios.
And before it's asked, we're maxing out 401k's and roths, only debt is about $15k HELOC, and a reasonable mortgage (balance of ~~67% yearly combined income).
Tell me why this is a bad idea...
YOLO, AmIRite?
8
Posted on 3/2/15 at 6:06 am to poochie
quote:
I could sell my current truck and get into both an old cj7 jeep and a mid-2000's pickup and also pocket about $10k.
If so, then buying your current truck was your worst mistake. You must drive a tricked-out Hummer.
Posted on 3/2/15 at 6:15 am to foshizzle
It was purchased new for a job I had that required a fairly new vehicle in order to get the full car allowance. I was at the job long enough to pay for a substantial chunk of it.
Thanks for your concern, now back to the topic at hand.
Thanks for your concern, now back to the topic at hand.
Posted on 3/2/15 at 7:18 am to poochie
84-89 4runner. removable top like a jeep but climate controlled and super reliable.
Posted on 3/2/15 at 7:24 am to foshizzle
quote:
You must drive a tricked-out Hummer.
Not necessarily - 1/2 ton pickups, well-optioned can get MSRPs in the upper 40s/low 50s.
In the south, trucks hold their resale better than cars.
This post was edited on 3/2/15 at 7:25 am
Posted on 3/2/15 at 7:42 am to poochie
Yolo is right. I don't mind driving a 2001 pickup so that I can have some other toys on the side. I don't have to ferry around clients or even coworkers either, though.
Posted on 3/2/15 at 8:40 am to seawolf06
well if you have a nice car and the purchase was subsidized by your old employer then I would hold on to it. Especially if it is under warranty still.
Save the money and get an old CJ
car maintenance is a bitch
Save the money and get an old CJ
car maintenance is a bitch
Posted on 3/2/15 at 10:37 am to poochie
I am here to tell you it is an excellent idea.
Then again I'm seriously considering dropping $30k on a G wagon with 90,000 miles and impeccable maintenance records. So maybe don't listen to me?
But a CJ is never going to lose that much money, if you buy smartly (there are some seriously delusional sellers out there).
Then again I'm seriously considering dropping $30k on a G wagon with 90,000 miles and impeccable maintenance records. So maybe don't listen to me?
But a CJ is never going to lose that much money, if you buy smartly (there are some seriously delusional sellers out there).
This post was edited on 3/2/15 at 10:39 am
Posted on 3/2/15 at 11:45 am to GaryMyMan
quote:
Then again I'm seriously considering dropping $30k on a G wagon with 90,000 miles and impeccable maintenance records.
Link?
Posted on 3/2/15 at 12:22 pm to poochie
Didn't you just get a toy to consume your time?
Posted on 3/2/15 at 12:59 pm to TheBoo
?
Posted on 3/2/15 at 2:48 pm to poochie
do it!!! I bought a '79 CJ7 with 33s on it last year and a rebuilt V8. I drive it 20-30 days a year or so, and love it. My advice is to wait for the right jeep. I looked for 2-3 years, until I found the one I wanted, and bought it the same day.
you are right, I was astonished how minimal adding it to my insurance was. additional $91 to my annual premium.
you are right, I was astonished how minimal adding it to my insurance was. additional $91 to my annual premium.
Posted on 3/2/15 at 2:59 pm to Helmethead
How much did you pay?
Posted on 3/2/15 at 6:57 pm to poochie
Do it.
Nothing more fun than old vehicles. Just make sure you have a daily driver because they WILL break down.
I just sold a restored 1976 CJ5 for $6500. It had a refurbished small block in it and was a 3 speed with 4WD. Black top and all new seats and paint. I paid $6300 for it a few years ago.
They do not lose value they just require maintenance.
I am now looking for a mid 60's truck.
Nothing more fun than old vehicles. Just make sure you have a daily driver because they WILL break down.
I just sold a restored 1976 CJ5 for $6500. It had a refurbished small block in it and was a 3 speed with 4WD. Black top and all new seats and paint. I paid $6300 for it a few years ago.
They do not lose value they just require maintenance.
I am now looking for a mid 60's truck.
Posted on 3/3/15 at 11:14 am to poochie
quote:
How much did you pay?
$9000
Posted on 3/3/15 at 12:53 pm to poochie
quote:
It was purchased new for a job I had that required a fairly new vehicle in order to get the full car allowance
Please explain. Doesn't seem like spending more could have gotten you net more.
quote:
Tell me why this is a bad idea...
YOLO, AmIRite?
It's not a bad idea. As long as you are taking care of the rest of your house, then you have to live your life and have some fun.
Posted on 3/3/15 at 1:29 pm to Big Scrub TX
basically I needed to have a 4 year old or less vehicle to get like $600 or would have received $400 if you had an older vehicle (something to do with their taxes). I could have opted for something used but my truck at the time was old and I went with a new one (save the "shoulda bought used" or "you shoulda kept your old truck" chastisement...). Hindsight obviously 20/20.
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