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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: GeorgeWood on April 25, 2017, 12:49:33 PM

Title: 25 years old (dream-)car - sell it, keep it?
Post by: GeorgeWood on April 25, 2017, 12:49:33 PM
We have a 1992 Volvo 240 which we bought in late 2015 for EUR 3,800. We are considering selling it because recent and future repair costs seem to amount to unreasonable sums, but we are very unsure of what the best course really is. Several points worth noting:
As I see it, we have these options:

Reading my post, I guess it boils down to a tradeoff emotion vs. money/time. I also realize this is a rather minor problem compared to some here. I don’t expect a definite answer, but would appreciate your thoughts.
Title: Re: 25 years old (dream-)car - sell it, keep it?
Post by: FrugalFisherman10 on April 25, 2017, 01:20:07 PM
how many km does it have on it?

That would factor into my decision just as much if not more than the age in years.

If you do get EUR 5000 for it, I'd say EUR 2000 wasn't too bad to spend on car ownership over those two years.

If you use the car so little, and you live in europe, wouldn't it be pretty practical to take trains even on the out of town trips of 1 - 5 hours away, 10 times a year? So you could get rid of the car altogether? (This displays a pretty narrow view of Europe..realistically I understand you can't get everywhere you'd want to go via train.)

keeping a car to be used so little kinda stinks because you pay for car insurance and other holding costs, that as you mentioned, don't change with usage.

I too love my vehicle, and the way I see it currently is that continuing to own it and fix things incrementally will for a long time be cheaper than outright buying another car.

Title: Re: 25 years old (dream-)car - sell it, keep it?
Post by: liz lemon on April 25, 2017, 01:48:14 PM
I have a 1991 245 with similar issues (AC died two years ago, a touch of rust, some electrical weirdness from time to time, odometer stopped a year ago).  I've considered selling it but, like you, I have an emotional attachment to my car and I can't bear to part with it.  So I'm keeping it for now and will reassess if the costs to keep her running get to be exorbitant.
Title: Re: 25 years old (dream-)car - sell it, keep it?
Post by: Gumption on April 26, 2017, 08:21:29 AM
those old volvos are great. now they are certainly hip (and that comes with a maintenance price)
get a nice picture of you with it, frame it, put it on the wall, and then sell that mofo.
Title: Re: 25 years old (dream-)car - sell it, keep it?
Post by: GeorgeWood on April 27, 2017, 07:04:29 AM
Thanks for your thoughts. Still unsure what to do, but we're leaning towards selling it. Great idea with the pictures!

Oh, and it has 179' miles (288' km) on it, so not a lot for its age.
Title: Re: 25 years old (dream-)car - sell it, keep it?
Post by: Gumption on April 27, 2017, 07:46:51 AM
i saw one of those the other day with my wife. it was is pristine shape. I told her, "I should've just bought one of those 15 years ago when i wanted one and kept it...think of how much money we would have saved over the years!"
it used to be my dream car as well, but at the time, I didn't have the money to purchase a used one. Probably 5k at the time.