Sad day... - Lateral-g Forums

MaxHarvard · #1 11-15-2006, 01:13 PM

... With heavy heart, I'm actually considering selling my car. I've learned recently that my student loans have finally caught up to me and the only thing left of real value is my Camaro. I guess my education wasnt enough to find me a decent enough paying job in my field, although i do work full time. Could you please do me a favor and tell me what my cars value might be so i know what to ask for? The car isnt perfect, i'm not going to lie. I'm still debating it, weighing my options and seeing if the financial situation can/will/wont improve.

I never thought it would come to this, but it might be this or bankruptcy. Which is sad because i dont own any credit cards, i dont have any car loans, the only money i borrowed is for my house and student loans.

Sorry guys, i dont mean to go on and on, it just really hurts to know that i've worked for 4 years straight spending all my free time working towards this and now i might have to get rid of it.

Thanks for reading.

EDIT: Sorry, i forgot to mention that it has been in two "readers rides/hometown hot rodding" magazines.

Here's a link to the pics
http://anti-rice.com/me/camaro/album/

Specs:
Some details:
1968 Camaro Electric blue
450hp/450tq SBC 355
TH350 3000 Stall, line lock (i have a T56 that was suppose to go in)
4 wheel disc brakes
17" TTII's
Corbeau Legacy Racing seats with 3 pt double release seat belts
Full autometer dash
2" drop with Hotckis springs and poly bushings
JVC Kameleon with Pioneer 6x9 in the rear and Blaupunkt 4x6 in the front.
Center console from a 2002 Camaro

**camcojb** · #2 11-15-2006, 01:38 PM

got a price range Eric?

Jody

MaxHarvard · #3 11-15-2006, 01:42 PM

I've been told anywhere from 15-45,000... HUGE price range i know, i was hoping you guys could tell me a better estimate so i dont get screwed if i do decide to sell.

sick65 · #4 11-15-2006, 01:52 PM

Without seeing the car in person...I would guess mid to high 20's. Please do not take offense to that. This is simply based on what I have seen for sale in the market.

MaxHarvard · #5 11-15-2006, 01:54 PM

Quote:

Originally Posted by sick65

Without seeing the car in person...I would guess mid to high 20's. Please do not take offense to that. This is simply based on what I have seen for sale in the market.

None taken.

sikryd · #6 11-15-2006, 02:07 PM

Sorry to hear about your financial troubles. As far as I know, you are not able to default on student loans. There are also new backruptcy laws that include 1 year of financial counceling befor you can file. You may want to think about a second job maybe, you may also be able to defer your current student loans if you go back to school. I'm not sure if these are options that will work for you, just a thought.
I made a vow to never sell my Camaro unless it was life or death. I had one 12 years ago, and it took me 10 years to find another. If you sell your car, you may never find another. If you do, it may be way out of your price range.
I hope everything works out for you.......

MaxHarvard · #7 11-15-2006, 02:16 PM

Thanks Sik.... You'd think having a masters degree would actually get me some decent paying jobs... well not so much. Even if i went back for my PhD, it would only increase my debts.

I'm weighing my options as we speak and plan on seeing a financial counselor to see what I can do.

I'm just frustrated because i've done everything right up to this point in my life, i played by the rules and kept myself out of debt. I never owned any credit cards, i paid for everything i cash... if i didnt have the money, i didnt need it... even my cars i paid in cash. Now, in my current job, i contribute to society in a meaningful way and i get paid squat. I try to be a good person, live my life to help people, better the world only to get F'd in the end. My car is the only thing that i really enjoy and spend money on... the rest i could care less about.

I'm really considering taking a job outside my field just to make good money. I was offered a machinist job at double my current salary, but i passed on it because i wanted to help society and not feel like a drain to it... Ugh, i'm just so damn frustrated.

**Stuart Adams** · #8 11-15-2006, 02:24 PM

After reading your posts - keep it and try and find a higher paying job in the near future. JMO.

sikryd · #9 11-15-2006, 02:27 PM

I hear you loud and clear. I'm a Systems Engineer here in Hawaii, for one of the largest health care organizations in the nation. I get paid more than the average person here in Hawaii, but I'm no where near my counterparts in the mainland. I have 8 years into the company that I am with, and I am thinking about taking a position in Portland, Oregon because the pay is something I will never see here. I'm actually thinking about leaving the place that I was born and raised in, a place I love more than anywhere else.
I was in your shoes at one point in my life, and I thought about bankruptcy as an option. In the end I decided that I would do what it takes to not file, and I feel better for doing that. It may be your only way out, but think long and hard about it before you make your decision.
As far as the machinest position goes, all I can say is manual labor sucks; however, maybe you can take that job till you get your debts settled. You will always have your Masters degree.

**4mm** · #10 11-15-2006, 02:36 PM

I would say low 20's. That being said, if you find a way to hold onto it, do so. It probably isn't worth selling considering how much you put into it. You would be digging your own hole even bigger.

Put it on eBay and find out what it fetches. Put a reasonable reserve if you really want to sell so that if it does meet/exceed it, you will be happy if it is sold.

Put a much higher reserve to feel the market for it first if you are still waffling on selling it.

Hope your situation improves.