01-24-2020, 02:01 PM | #57 |
Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
Posts: 69,845
Thanks: 61,656
Thanked 108,283 Times in 46,456 Posts
Mentioned: 2495 Post(s)
Tagged: 50 Thread(s)
|
I was going to sell my car to my 17 year old grandson for it's quoted trade in value. We checked into insurance and NOPE that just isn't going to happen. Instead he get's his dad's 8 year old Mazda 5. Not nearly as cool but it is MT and at about 40% of the insurance costs he can afford it easily.
__________________
Racecar spelled backwards is Racecar, because Racecar.
|
01-24-2020, 02:13 PM | #58 | |
The guy w/o an FRS or BRZ
Join Date: Sep 2019
Drives: '23 GR86 Premium 6MT Halo White
Location: Planet Erf
Posts: 446
Thanks: 276
Thanked 399 Times in 215 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Insurance will be the big killer though. My wife sells insurance and quoted me for a used FRS in Western NY. You're looking at about $750/yr with collision. My Lexus is $722/yr for a reference point. Your situation may not be this "cheap" since your age group gets the shaft. But.... there are great ways to save on insurance through discounts. I HIGHLY recommend taking this course https://www.myimprov.com/comedy-traffic-school/ to save 10% on your insurance for 3 years! Welcome to the forum! What are your FRS ambitions? |
|
01-24-2020, 02:29 PM | #59 | |
Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
Posts: 69,845
Thanks: 61,656
Thanked 108,283 Times in 46,456 Posts
Mentioned: 2495 Post(s)
Tagged: 50 Thread(s)
|
Quote:
__________________
Racecar spelled backwards is Racecar, because Racecar.
|
|
The Following 4 Users Say Thank You to Tcoat For This Useful Post: | Dadhawk (01-24-2020), DarkPira7e (01-24-2020), new2subaru (01-24-2020), ROFL it's Waffle (01-24-2020) |
01-24-2020, 02:34 PM | #60 | |
Weight Weenie
Join Date: Aug 2015
Drives: 15 FR-S
Location: Canada
Posts: 2,584
Thanks: 5,015
Thanked 2,330 Times in 1,346 Posts
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
|
Quote:
This is from someone who has their car stored. If I was the OP I'd only have one car. EDIT Tcoat wins again! lol |
|
01-24-2020, 02:34 PM | #61 | |
The guy w/o an FRS or BRZ
Join Date: Sep 2019
Drives: '23 GR86 Premium 6MT Halo White
Location: Planet Erf
Posts: 446
Thanks: 276
Thanked 399 Times in 215 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
|
|
01-24-2020, 02:43 PM | #62 |
Geo Tyrebighter Esq
Join Date: Mar 2013
Drives: '13 scion fr-s
Location: pnw
Posts: 4,187
Thanks: 6,319
Thanked 4,981 Times in 2,197 Posts
Mentioned: 39 Post(s)
Tagged: 1 Thread(s)
|
I bought my FR-S with a cashier's czeck from my credit union for the full OTD and no trade in.
"But we need to run a credit check!" "No you don't." The ran the check anyway. Think they were flabbergasted by the novel situation. No checklist item in the three ring "Sell a car" training binder for that situation. "But! But! We don't know how to handle this!" Could have walked, but I didn't want to spend more time shuffling between Mgt. and the floor droid. Got the model I wanted. Plus the "Only one price!" OMG LOL promotion.
__________________
--
"I gotta rock." -- Charley Brown |
01-24-2020, 02:51 PM | #63 | |
Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
Posts: 69,845
Thanks: 61,656
Thanked 108,283 Times in 46,456 Posts
Mentioned: 2495 Post(s)
Tagged: 50 Thread(s)
|
Quote:
__________________
Racecar spelled backwards is Racecar, because Racecar.
|
|
The Following User Says Thank You to Tcoat For This Useful Post: | Dadhawk (01-24-2020) |
01-24-2020, 02:54 PM | #64 |
The guy w/o an FRS or BRZ
Join Date: Sep 2019
Drives: '23 GR86 Premium 6MT Halo White
Location: Planet Erf
Posts: 446
Thanks: 276
Thanked 399 Times in 215 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
What an awesome thread starter. This really got people out of the woodwork (and @Tcoat out of hibernation).
|
The Following User Says Thank You to ROFL it's Waffle For This Useful Post: | frostyfrs (01-24-2020) |
01-24-2020, 02:56 PM | #65 |
The guy w/o an FRS or BRZ
Join Date: Sep 2019
Drives: '23 GR86 Premium 6MT Halo White
Location: Planet Erf
Posts: 446
Thanks: 276
Thanked 399 Times in 215 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
|
01-24-2020, 03:09 PM | #66 |
Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
Posts: 69,845
Thanks: 61,656
Thanked 108,283 Times in 46,456 Posts
Mentioned: 2495 Post(s)
Tagged: 50 Thread(s)
|
Here are some investment cars
https://www.ft86club.com/forums/showthread.php?t=133231 Buy cheap. Fix up. Sell at profit. Invest profit in next one.
__________________
Racecar spelled backwards is Racecar, because Racecar.
|
01-24-2020, 03:56 PM | #67 | |
Senior Member
Join Date: Jun 2012
Drives: '13 BRZ TLM Spec
Location: Florida
Posts: 1,961
Thanks: 1,612
Thanked 2,323 Times in 1,000 Posts
Mentioned: 115 Post(s)
Tagged: 0 Thread(s)
|
Quote:
__________________
2013 BRZ Premium 6MT - Track Car, 2020 GMC Canyon Denali Duramax - Tow Vehicle, 2021 Forester Sport - Wife's Daily, 2016 Crosstrek - Daughter's Ride and always buying random flips...
|
|
The Following User Says Thank You to Opie For This Useful Post: | Dadhawk (01-24-2020) |
01-24-2020, 05:49 PM | #68 | |
Member
Join Date: Mar 2019
Drives: Toyota 86 2019
Location: Montréal
Posts: 51
Thanks: 244
Thanked 48 Times in 25 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Here's an example that's been a real eye opener for me.... Three years ago, my wife paid off the loan on her car. It was still like new and perfect for her needs, but she started thinking about getting a toy car for summer. We talked about it and decided it wasn't a good timing, mostly because we just bought a business, on a loan (how ironic). We tried to put aside the same amount of money that she was paying monthly for her car loan and see where it would get us. Three years later, we manage to save a lot of money and decided it was time to buy her toy car. We will pick up her MX-5 NC next Tuesday, pay cash and enjoy it debt free!! I'm not moralizing anybody since I also participate in the "system", but when they are ways to go around that, I think the satisfaction of being debt free on something is worth the wait. Paying cash will also open up better deals on many things since you can negociate lower prices... 0% financing doesn't exist. But it's so hard to wait, especially at a younger age... |
|
01-24-2020, 08:33 PM | #69 | |
Member
Join Date: Jan 2020
Drives: Supercharged 2013 Scion FR-S
Location: Central Massachusetts
Posts: 43
Thanks: 42
Thanked 41 Times in 24 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
My plans for this car are to hopefully boost it in a few years, I'm not trying to rush it though, I don't need that much power at my age. My Camry pretty much has just as much torque as this car, but I'm looking for rear wheel drive. There's also some nice local car meets and cruise nights around where I live, So I'm hoping to show it there as well. |
|
The Following User Says Thank You to frostyfrs For This Useful Post: | trvth (01-28-2020) |
01-24-2020, 09:41 PM | #70 |
ProCrastinationConsultant
Join Date: Sep 2013
Drives: '14 Ranger, '18 Tacoma 4Dr LB
Location: chicago-ish
Posts: 11,330
Thanks: 35,240
Thanked 13,673 Times in 6,781 Posts
Mentioned: 98 Post(s)
Tagged: 0 Thread(s)
|
different kind of investment. i consider my cars personal investments. i use them to grow my knowledge and skills in whatever oddball modifications suit me at the time.
__________________
"The time you enjoy wasting is not wasted time"
|
The Following User Says Thank You to soundman98 For This Useful Post: | frostyfrs (01-24-2020) |
|
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Buying OFT v1/2 | leunggary | Want-To-Buy Requests | 1 | 01-23-2019 08:28 PM |
Is buying a used brz more beneficial then buying a new one? | Jcas | BRZ First-Gen (2012+) -- General Topics | 60 | 10-20-2017 12:15 AM |
Buying Used | pitotshock | Scion FR-S / Toyota 86 GT86 General Forum | 13 | 02-07-2017 09:34 AM |
help! buying a used car | Abflug | Other Vehicles & General Automotive Discussions | 0 | 01-30-2014 05:57 AM |
Im buying one. | Griffdawg | Scion FR-S / Toyota 86 GT86 General Forum | 10 | 06-19-2012 01:12 PM |