Author Topic: Car Question  (Read 2230 times)

tracylayton

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Car Question
« on: October 19, 2014, 07:41:25 PM »
PreMMM, I paid cash for a 2013 Camaro LS. I find it's not exactly practical for toting around 3 8th grade football players (car pool) or taking my 81 year old stepdad golfing twice a week. Hard to stuff 2 sets of clubs in the trunk and hard for him to get in and out. My hair is NOT on fire. The only debt I have is mortgage debt. Today, a friend of mine met me for lunch and was driving a 2003 Lincoln Town Car with 132,000 miles on it. He is selling it for $2500. The trunk was huge and it would hold golf clubs. It was a 4 door, instead of a 2 door. I kept thinking...I should buy this car, insure with liability only, and pocket $14 to $15,000. Someone, tell me I'm crazy!!!

Primm

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Re: Car Question
« Reply #1 on: October 19, 2014, 08:00:35 PM »
I don't think you're crazy. Sounds like an awesome plan to me, you get a practical (to you) car from someone you know isn't trying to rip you off, and you pocket the difference. And your friend doesn't have to deal with the grief of buyers trying to lowball him or not turning up for appointments. Win/win!

StangStache

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Re: Car Question
« Reply #2 on: October 19, 2014, 08:04:07 PM »
I concur.  This is a slick move, practically speaking.

The town car also has the legendary (in my opinion) Ford 4.6 engine.  You can expect a LOT more dutiful miles out of it, like its taxi and law enforcement brethren. 


Cwadda

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Re: Car Question
« Reply #3 on: October 19, 2014, 08:12:42 PM »
Yeah, the other car is coming from someone we're assuming is honest; that's half the battle of trying to find a new car. Your insurance will also go down a little.

tracylayton

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Re: Car Question
« Reply #4 on: October 19, 2014, 08:50:14 PM »
Yes, he has been a friend of mine for 34 years so I do trust him.

fa

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Re: Car Question
« Reply #5 on: October 19, 2014, 09:02:15 PM »
It looks like a good deal to me.  One question is the miles you have to drive with the Town Car.  This is of course a gas guzzler, so the miles driven matter a lot.  If you drive  lot, there are tons of cars that are a better choice.

Also, are you then selling the Camaro?  Does not seem necessary to keep it.  Even more savings!

Nyarlathotep

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Re: Car Question
« Reply #6 on: October 19, 2014, 09:16:20 PM »
Nope not crazy at all. I am sure it would serve you well. Hell you could even take it to the next level and pick up a smaller more economic car for about the same price. It would also be nice to have a seemingly unexpected $14-$15k come at you.

Spiliph

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Re: Car Question
« Reply #7 on: October 20, 2014, 07:06:47 AM »
Sounds like a great plan to me!