[GS8]

How did you take it? How long till you got over it?

Long story short, I got an offer for my G8. It'll pay off the loan and leave some cash left over for a straight deposit into my bank account. I've spent the last three days asking myself if I can go through with it.

I have to decide by Wednesday and it's consuming me a little bit, lol.

Basically it comes down to a debt free life (minus rent) or hanging on to a car I like.

What would you guys do?

http://i140.photobucket.com/albums/r25/Crimson_Jackal/Cars/11117240_10155551134985321_4133101717321099759_o_z psveqsbig9.jpg

[Inaii]

debt free personally

[TypeRNammer]

Let go and chase your dream car later in life.

[Renthal]

Sell it. It's really nice to live debt free.

[tiger_handheld]

whatever you deposit in the bank, save that as seed money to buy it back.

[fliptuner]

It really depends on how that degree of debt affects you.

If you can afford it, keep paying. If it's too much of a burden, sell it.

[cdizzle_996]

I sold my S2000 3 years ago... I currently own a TL-S, and a CBR600rr and still to this day regret selling my dream car.

The debt can't be that much... I say keep it!

[multicartual]

Let go and chase your dream car later in life.


Letting go of the Supra sucked. I was depressed about cars for years after and ended up just leasing a new car for 3 years because I was soooooo depressed at the rise and fall of that car. Literally I fell OUT of love with cars entirely and that depression actually helped me get into writing.



Discovering how much I can fall in love with my 5.0 E36 has been amazing so far, romancing a car again is so fulfilling. :)

[GS8]

It really depends on how that degree of debt affects you.

If you can afford it, keep paying. If it's too much of a burden, sell it.

The debt isn't too bad but I just worry more about long term uncertainty. Currently work as a contractor and my current contract is up this week and I'll be out of work for six weeks before going back to a fresh project.

Also I know a fair number of people (including my dad) who lost their jobs this year just like that. Guess it leaves me feeling a bit paranoid.

[dared3vil0]

I'm guessing a G8 isn't your dream car?

Assuming not i'd sell it, DD the Buick and start saving towards your real (attainable) dream car.

[Retrac]

Your car is unique and would require a niche buyer to pay a reasonable amount. You should sell it for now and when the time comes you could get a G8 GXP in the future!

[320icar]

Sell it. Upgrade to a v8 in the future

[v_tec]

:considered:

2009 Pontiac G8 (http://vancouver.craigslist.ca/pml/cto/5005889238.html)

[StylinRed]

imo, that's not a lot of debt to deal with, and if it means giving up your dream car to clear it, i wouldn't

[Phil@rise]

last year I had to sell a couple of vehicles that I really did love. I had to do it to put my missus thru school and we got mouths to feed. Not a day goes by I dont miss those vehicles but theyre cars. I sold mine for a good cause and hopefully one day I'll be able to replace one of them. One was sentimental cus it was given to me by a friend who shortly after died. I miss it cus I miss him. the other was more of a dream car and a fairly rare one the buyer flew down from northern alberta to drive it away from me. I balled seein it drive away. I still get misty eyed over these two vehicles.
Confessions of a car guy....

[StanleyR]

The debt isn't too bad but I just worry more about long term uncertainty. Currently work as a contractor and my current contract is up this week and I'll be out of work for six weeks before going back to a fresh project.
Also I know a fair number of people (including my dad) who lost their jobs this year just like that. Guess it leaves me feeling a bit paranoid.

Yeah, I know I certainly wouldn't feel comfortable in that position.

Personally I say it's far too new to hold onto. I mean really, it's an 09 Pontiac. Regardless of how rare it was, it's still not that hard to find another one in comparable condition. Chevy is now building the SS which is a revised version of your car.

[ae101]

here what i think, if u own it then its not a dream

i believe that if its a dream are something u grab

[q0192837465]

At the end of the day it's just a car. U'll get over it some day and find another dream car.

[badboy]

Some of us on this forum don't see it as just a car, they see it as their child or baby.

[twitchyzero]

depends on your debt level and rarity of the car
some cars will never come by again, at least not in the milage/condition you currently have it babied.

[GS8]

Thanks to all who chimed in so far and sharing your unique points of view. I guess I have to remember that I'm not giving up a child nor pet for adoption.

This car will never look at me and say 'Thanks' or 'I love you' or 'Why?'

Considering the car's been on sale since December, I've only had 2 people serious for it but this latest offer is dead serious.

The G8 is / was my dream car. Always lusted after an Aussie brute. Never found a V8 model at the time. In three years, I've driven all my friends' V8 model (including the GXP, holy shit what a monster).

But that's a good point, when a dream is attained, it is reality and no longer a dream. Time to pursue the next dream?

Today was a good day to drink :drunk:

[ae101]

there an old chinese saying, "if the old dont go, then how will the new come"

[swfk]

If it's not super sentimental, aim higher, you'll get a GXP eventually!

[hi-revs]

If u really like it that much, I say keep it. Cuz chances are, you'll likely blow the money on crap.

[westopher]

There is nothing more liberating than being debt free with some money in the bank. You have two cars for yourself, and a negative bank balance. The answer is pretty clear.
Sincerely,
old married guy

[fliptuner]

This car will never look at me and say 'Thanks' or 'I love you' or 'Why?'

The G8 is / was my dream car. Always lusted after an Aussie brute. Never found a V8 model at the time. In three years, I've driven all my friends' V8 model (including the GXP, holy shit what a monster).


True but (especially for a car enthusiast) there's no denying that after all the time, money and care one puts into their car and the enjoyment they get from experiencing the fruits of their labour, there will always an emotional attachment to it. For many it's a reflection of their personality, a display of their accomplishment and/or an ego boost. Also, aside from home and work, one probably spends most of their time in their car.

If you're genuinely concerned about the state of your finances, maybe now's the time to cash out, make sure your head stays above water and when the time is right, upgrade to something even better.

If u really like it that much, I say keep it. Cuz chances are, you'll likely blow the money on crap.

Based on GS8's posts, probably not.

[Mr.C]

If it were a GXP, I'd say no, but it's not. Sell it.

I've parted out two of my dream cars. Now I'm on my third one and plan on keeping it until the wheels fall off.

[asian_XL]

buy another dream car

[EndLeSS8]

I did it myself - waited 11 years to buy an NSX

In addition to the real NSX, I was an NSX fanatic - I owned as many NSX models/books, magazines/toys that I could get my hands on

Owned it for a year, sold it for $1000 less than what I bought it for. Life priorities changed, moved back to Vancouver from California

I sold my NSX collection for $600, all in 1 go.

Do I miss the NSX? Yes

Do I regret my decision? No, it was the right choice

[zetazeta]

Sell it. As rare as it is, I'm sure you'll be able to find and buy another one when your financial situation improves in the future.

[smoothie.]

its just a car, in this case, there are many like it out there, and can be replaced.

if it is enough to put you in debt, not worth scraping by for.

[Iron Chef]

If it was really a dream car you make it work. Maybe the phase is used a little too loosely.

In my case no I haven't but my cars not worth much and it has a dedicated garage space. The only burden a car will ever have is financial or space. Made sure those things are taken care of, I've let it sit for years at a time til I was ready to drive it again.

Cars aren't supposed to be a burden , once it does it looses it's fun and then maybe it's time to rethink your ownership.

[trollguy]

hey, dont you also own an old man buick?

in debt eh

[hud 91gt]

Debt sucks. Sell it, come back in a few years and buy the same car for pennies on the dollar. You'll miss those teenage years, but those are the years when they act up, aren't fun and really they want nothing to do with you. When the little G8 matures and realized who took it home, it will be there to stay.

Honestly though the smartest thing you can do is sell. That thing is going to depreciate very quickly like all American cars, and you shouldn't have too much of an issue finding another one. They are pretty though.

[thumper]

yes i had one. it was a bad time for me then because i lost my job do to health reasons. it was just sitting there because i couldn't drive, sucking away my bank account because i was still making payments, so i had to let it go at a loss... and no i still haven't gotten over it :(

i saw it once on the road a few years back. it still looks okay. so at least i have some small consolation in that :o

[white rocket]

How much will your life be bettered by not being in debt? Can the car be replaced in the future? Being debt free is awesome but selling something that cannot be replaced easily can be met with regret. There's really no right or wrong answer.

I sold my STI last year due to becoming a father and wanting to ditch that payment. Made enough equity from the sale that I bought a 4Runner and own it outright. I miss the car and would have kept it had I not been put in the position to sell it. However, it went to the right owner and I'm happy that it is being enjoyed by another now. Do I regret selling it? Yeah, I do. But it was the right thing to do at the time. I couldn't come close to replacing it for what I sold it for so that kinda stings but again, timing is everything. The saving grace is being car debt free and it feels great however now I'm always looking for the next car that will put me back in debt again. Ha!

[westopher]

If this car is that important to you, sell the other car. You don't seem happy about being in debt, or happy about selling the G8. Exercise your other option.

[R. Mutt]

It's important to have your priorities in the right order financially. It's also important to balance work and play and enjoy life...otherwise - what's the fucking point. Say you have a wife, kids etc...and let's say from a financial perspective the toy needs to go....man up and do what needs to be done. But if you don't have obligations yet in life - fucking enjoy your life man.

I think it boils down to the question - Is "this" replaceable? Can you find another clean example in the future at the price point you are looking for? Yeah? Sell it and replace it in due time.

But lets say the vehicle had lower production numbers or is harder and harder to find in good condition - don't sell it! While a car is a liability, we spend time and money knowing full well we won't see a dime back. It's an investment in happiness else we'd never buy into the money pit that is your dream car. Factor that in and it diminishes the chance of selling even further.

I don't know...I think sometimes people throw around the phrase "Dream Car" loosely but if you really put it to the test - it's something that you've wanted for a long time and can't be replaced. Maybe physically it could but it just wouldn't be the same.

People talk about selling because "It was an offer I couldn't refuse."

Is your wife or child replaceable? If you're a happily married man, IE this is the woman you love and want to spend the rest of your life with. And one day, "Indecent Proposal" style a guy comes up and says,

"I want to buy your wife...I'll give you $XXXXXXX for her."

If you really loved your wife...no amount of money could see you part ways with her. And if you answered Yes, then you didn't love her as much as you thought. She was never your "dream woman" to begin with.

Sure a dream car is a materialistic thing if you boil it down to the nitty gritty, but to us a car isn't just a car.

That's a bad example...I know some miserable husbands would take the $ in a heartbeat.

[Gucci Mane]

You're selling the car for $15k, how much could you possibly owe on it? If its under $10k, work your ass off for a while and save and just pay it off. Its not really that much to pay off..

[jasonturbo]

Anyone ever have to sell their dream car?

:pokerface:

Well I didn't "have" to sell it... approaching the situation from a logical perspective and removing emotion from the equation there was really only one possible outcome.

Sell it, you can always buy another one later in life, I don't mean this in any sort of offensive way but I suspect those cars will continue to depreciate - like most.

You could always ask the seller to give you first right of refusal when they go to sell the car down the road? I did that with my M3, will actually be going to take it out for a drive on Saturday to decide if I want it or not.

As others have said, living debt free is great, you can basically adopt the "fuck you" lifestyle which is a great place to be.

[snails]

Mellowman sold me my old hatch.. must have hurt him to see it become more beautiful than he ever had it..

hehe :troll:

that being said, after it was stolen i still miss it alot but other things also caught my eye. when the money becomes available i will be building a crx better than i ever had my hatch

the point is, it will hurt to let go, but when you are better equip to deal with this terrible expensive hobby you can do better the next time around and capitalize on those things you wish you could change now

the downside after losing my hatch is that i pulled back from the car scene as i lost alot of motivation but i know it will be back when i boost the DA or get my hands on a crx

but, dont just let go and give up.. im sure lots of us know people who once had nice cars who let them go for family/money reasons and never got back to it.. that too me is sad

[freakshow]

you've had it for sale since December.. It might be hard, but I think you know it's time to let it go.

*cue Frozen music*

[Cillu]

I see it as actually the opposite. If you really love your car, you should keep it (so long as you're not plateauing or in the negative every month because of it). Its not a significant amount of money and in several years, you will still be the owner and you will also hopefully be debt-free.

[Boostslut]

I've never owned a McLaren F1 before, so no I can't say that i've ever had to sell off my dream car. If that day were to come though, i'd imagine that i'd enough disposable income to overcome this issue.

Best of luck with your choices! Good advice in this thread!

[snails]

i think the reason most of us are suggesting he sell it for just the fact that hes thinking of it.. if it was his "dream" car i dont think the option would even come up unless it absolutely had to.. in which case there would be no question anyways

my hatch wasnt my "dream" car but i fcking loved that thing and on many occasions was offered far more money than it was worth and i never once considered it. so unless hes FARRRR in debt or recently has come under low enough income that the payments are no longer possible to me it wouldnt even be an option

[LP700-4]

I think you'd also want to take into account the popularity of the market. Seems like the G8 is a relatively low demand car so in case shit happens you will have a tough time or need to sell it at more of a loss as a backup plan.

Have to remember in order for a sale to go through you need the seller of course but also a buyer that's into that car.

[Berzerker]

After my ex ran off with my unborn child and moved up north I also had to sell the car I had been building for 10 years. So much money time and bleeding knuckles gone. The worst part was it was finally where I kinda wanted it. Fully built motor, sick Turbo setup, and Riced to hell and I had to sell it all for dirt cheap in a hurry to fund my move north. Still pains me but it's like a break up, it gets better with time.
Now I just bought me a new girl to play with. Honda CR-V so I can start tinkering again. Time for AWD CR-Vtec Turbo! In the end it was just a car, and now this one will take its place.

Berz out.

[XplicitLuder]

sometimes in life, we have to let go of things so better things fall into place :accepted:

[GS8]

You guys are fucking amazing. I love how you guys just didn't answer the question but provided thoughtful, sound reasoning with unique perspectives behind it.

Today I officially sold the car. Loan is paid off and there's a lot of fresh cash sitting in my bank account. No tears. I actually feel pretty damn good. No loan = no commitments. I can relax between projects now.

If it was a V8 model, I would have kept it. I did all I could with this car. Time to move on to other things in life.

I will buy another car though. All cash, good price. Time to camp the Craigslist good buys thread and see what comes up.

Cheers

[snails]

You guys are fucking amazing. I love how you guys just didn't answer the question but provided thoughtful, sound reasoning with unique perspectives behind it.

Today I officially sold the car. Loan is paid off and there's a lot of fresh cash sitting in my bank account. No tears. I actually feel pretty damn good. No loan = no commitments. I can relax between projects now.

If it was a V8 model, I would have kept it. I did all I could with this car. Time to move on to other things in life.

I will buy another car though. All cash, good price. Time to camp the Craigslist good buys thread and see what comes up.

Cheers

this is great because now if you wanna pursue something maybe that hadnt come to mind you can actually have fun with it. ie why alot of people mod shitty little hondas, you can have great fun at the track for really cheap.. worst case you grow out of it and you arnt out a bunch of money or you can take on an older evo or something really unique that will hold its value. at this point the sky is the limit. either way we all wanna see you back into modding cars, i think you did a great job with the pontiac so im curious to see whats next

[white rocket]

^^well said.

And congrats to GS8 :thumbsup:. It sounds like you feel like you made the right decision for you and that's what counts. Being car debt free and searching for a project is much better than battling emotions with trying to unload a car.

[underscore]

Since you already sold it, I won't bother posting what I had thought up telling you not to sell it.

As a side note though I suck at letting things go and the only car I've ever "sold" was to a junkyard because my parents forced me to, so my "advice" should probably have been ignored anyways.

[GS8]

this is great because now if you wanna pursue something maybe that hadnt come to mind you can actually have fun with it. ie why alot of people mod shitty little hondas, you can have great fun at the track for really cheap.. worst case you grow out of it and you arnt out a bunch of money or you can take on an older evo or something really unique that will hold its value. at this point the sky is the limit. either way we all wanna see you back into modding cars, i think you did a great job with the pontiac so im curious to see whats next

Amazingly said, thanks.

And a huge special thanks to Drivehard Performance for all their help with the car as well.

Right now I have my Regal build in the journal section. It'll be updated soon. My motto in the scene has always been 'an unconventional car for an unconventional man'

[toyota86]

I sold my E30 M3 about 8 years ago thinking I could eventually buy another one. Paid off student loans with the sale. At the rate of appreciation for a mint example of that car, I don't think I would be able to afford another one any time soon. May as well buy a E92 M3. They cost about the same now.