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Old 09-11-2007, 02:01 PM   #1
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Should I sell my car?

Im between a rock and a hard place right now and it sucks. Im to the point where I dont know if I want to keep the stang, but the other side of me does. Im getting hit hard with gas right now cause I commute about 20 minutes to work everyday, and its starting to A. rack up milage, and B. cost a lot when you have a gas guzzler. Im thinking about doing one of a couple things...

First, sell the car off all together and get a Lexus IS300, used with roughly 50k miles on it or less.

OR

Keep both cars, since I dont owe anything on it anyway, and take on a second Insurance bill every month and get an IS300.

Either way, I really like the IS300's, they get good gas milage, are still fun to tool around in, look nice, and well... theyre a toyota so they dont break.

What would you guys do?
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Old 09-11-2007, 02:15 PM   #2
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Re: Should I sell my car?

So, let me make sure I'm understanding what you're saying...

You're getting a IS300. You want to know if you should hang onto the Stang, too?
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Old 09-11-2007, 02:22 PM   #3
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Re: Should I sell my car?

What would I do? Keep the Mustang.
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Old 09-11-2007, 02:25 PM   #4
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Re: Should I sell my car?

Id like an is300, and im trying to determine if i want to sell the stang to use as a down payment sort of thing rather than paying double insurance on top of a new car payment as well as whatever other costs it costs me.

It basically comes down to, should i keep the mustang for an extra 300 bucks a month.
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Old 09-11-2007, 02:28 PM   #5
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Re: Should I sell my car?

$3600 a year is a pretty hefty chunk of change... Is that car payment and insurance?
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Old 09-11-2007, 02:33 PM   #6
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Re: Should I sell my car?

My problem is, if you are trying to save money by getting a better mileage car... then what is the sense in going into debt to get it. IMO, paying gas on the Stang is a hell of a lot cheaper than droppin the dough on a Lexus.
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Old 09-11-2007, 02:38 PM   #7
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Re: Should I sell my car?

i think you would regret getting rid of the stang
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Old 09-11-2007, 02:38 PM   #8
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Re: Should I sell my car?

Why buy a Lexus if you want to save money? That's the complete opposite of saving money. You'll now have a car payement, plus insurance, plus gas. It's not going to be a miracle savings in gas either.

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Old 09-11-2007, 02:39 PM   #9
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Re: Should I sell my car?

I think that insurance on the Lexus will be close to the same amoutn as your insurance on the mustang...maybe get something a little bit cheaper as far as insurance goes?

I have two vehicles now since i bought that F150 last month, but as far as money goes, the only thing i spend extra now per month is the truck note...the gas for the F150 and the Mustang is almost identical...my insurance on two vehicles is only about $30 more per month than it was before on the Mustang alone...the reason being, full coverage on the truck is like 40% less than full insurance on the mustang and now I am driving the mustang much less as far as insurance is concerned so the insurance on the mustang dropped by about 50+% as well...I was paying $131/month insurance on the mustang alone before, but now I am paying $100/month for the truck and about $60/month on the mustang...so the insurance isn't a big deal at all if you get a vehicle that will decrease the cost to insure the daily driving vehicle...getting a Lexus as a daily driver for a young guy probably isn't the best idea as far as insurance goes...
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Old 09-11-2007, 02:47 PM   #10
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Re: Should I sell my car?

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Why buy a Lexus if you want to save money? That's the complete opposite of saving money. You'll now have a car payement, plus insurance, plus gas. It's not going to be a miracle savings in gas either.

.02
Its the fact that I want something newer too... getting kind of unrealistic to drive the car that i do every day... im thinking ill probably sell it.
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Old 09-11-2007, 02:59 PM   #11
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Re: Should I sell my car?

IS300s break, over the years we had TWO on our lots that needed such extensive repairs we had to buy each of them back from the customer, one had constant CELs, the other had suspension issues (failed wheel bearings, then bad brake calipers, then a rotted out brake line, etc) IMO they weren't all that great of a car from toyota, and not sure if you've ridden in them lately but they're not a great ride either
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Old 09-11-2007, 02:59 PM   #12
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Re: Should I sell my car?

on that note I'll give you $4500 for your car, as is :look:
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Old 09-11-2007, 04:22 PM   #13
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Re: Should I sell my car?

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Its the fact that I want something newer too... getting kind of unrealistic to drive the car that i do every day... im thinking ill probably sell it.
Then you don't want to save money You just want something newer.

Do what you wish but obviously on this site you won't see many people recommending you get rid of the Mustang.
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Old 09-11-2007, 04:48 PM   #14
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Re: Should I sell my car?

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Then you don't want to save money You just want something newer.

Do what you wish but obviously on this site you won't see many people recommending you get rid of the Mustang.
I think what ill end up doing is getting one with a few more miles on it, and keeping the mustang and just putting it in storage or something for half the year. It really only costs me 100 bucks a month to have that car... insurance is actually cheaper on the mustang then it would be on a is300. Hrmm....

I offered some chick 13k for her 2001 with 68k on it. :chin:
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Old 09-11-2007, 04:58 PM   #15
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Re: Should I sell my car?

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My problem is, if you are trying to save money by getting a better mileage car... then what is the sense in going into debt to get it. IMO, paying gas on the Stang is a hell of a lot cheaper than droppin the dough on a Lexus.
Exactly, why spend more per month for a car note and ins, to save a tenth of that in gas :dunno:



You could always get a Tc....... *couldn't resist*
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Old 09-11-2007, 05:03 PM   #16
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Re: Should I sell my car?

cause i want a new "nicer" car dammit!

I love mustangs, but im tired of mine being a daily driver.
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Old 09-11-2007, 05:06 PM   #17
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Re: Should I sell my car?

Pick you up an 05 up V6, or better yet, what are you looking for in a car/DD?
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Old 09-11-2007, 05:08 PM   #18
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Re: Should I sell my car?

i want a sport sedan, so im looking at bimmer 3 series, the is300, and benz's... i want something a little more "highline" for a change.
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Old 09-11-2007, 05:16 PM   #19
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Re: Should I sell my car?

Sell it.
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Old 09-11-2007, 08:50 PM   #20
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Re: Should I sell my car?

No, you shoud not sell it.
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Old 09-11-2007, 09:29 PM   #21
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Re: Should I sell my car?

you should sell your car to brent
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Old 09-11-2007, 09:37 PM   #22
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Re: Should I sell my car?

regal gs :look: eats IS300s for breakfast :look:

(til you try to turn.. it stops okay though haha)
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Old 09-11-2007, 09:43 PM   #23
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Re: Should I sell my car?

If you're going to have to finance the Lexus, do yourself a huge favor and go ahead and sell the Cobra and drop the cash on the down payment. It'll end up saving you quite a bit more than just the initial amount by cutting down on interest you'll have to pay on the life of the loan.
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Old 09-12-2007, 04:07 AM   #24
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Re: Should I sell my car?

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Sell it.
x2.

If you don't want it, I say get ride of it. I'm sure someone else will enjoy it.

I love having a Mustang as my DD.
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Old 09-12-2007, 06:17 AM   #25
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Re: Should I sell my car?

do whats right for you, I know its hard selling a car we love, but sometimes it just needs to be done.
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Old 09-12-2007, 06:56 AM   #26
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Re: Should I sell my car?

I only say sell it because anyone considering replacing their Cobra with a Lexus should no longer be allowed to drive said Cobra.
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Old 09-12-2007, 01:14 PM   #27
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Re: Should I sell my car?

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I only say sell it because anyone considering replacing their Cobra with a Lexus should no longer be allowed to drive said Cobra.
Triple order of bacon for you !!!

Guess you gotta do what's right for you Zim !!!!!!!!!!!! Doesn't matter what any of us say .It's sounds like your mind is already made up
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Old 09-12-2007, 02:24 PM   #28
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Re: Should I sell my car?

my roomates talking me out of it
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Old 09-12-2007, 02:32 PM   #29
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Re: Should I sell my car?

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my roomates talking me out of it
See their good for something other then drinkin all your booze
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Old 09-12-2007, 02:49 PM   #30
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Re: Should I sell my car?

hes convincing me that a bike is a better buy
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Old 09-12-2007, 03:28 PM   #31
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Re: Should I sell my car?

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hes convincing me that a bike is a better buy
i was going to bring up that point.

take your payment for the IS300, add your increase in insurance for the IS300 and add them up for your monthly expense for the car. now take that number, devide by however much gas is in your area. thats how many gallons of gas you have to consume monthly to make the IS300 a feasible option. you can even work in how far you have to drive per month if you wanted to.

IMO if youre sick of driving the mustang and want to move on/up, then sell it, dont let it sit, cars are meant to be driven. if you want to sell it cause youve grown out of it, it happens, people grow out of modding/modded cars all the time.

however if its the mileage you are worried about, either a bike or a beater crx/civic would be my recommendation. however, not all people are going to like riding (i didnt), so that route of action may be short-lived. get a cheap starter bike first, so if you do take a hit (IE sell it) or fall its not much of a loss whereas if you buy a 7K bike and drop it, its worth nothing.

an IS300 is a very nice car, i would get one if i needed a car for ~15k that was a good commuter and i didnt want a decroted pos like a crx or whatnot. an Audi A4 would be pretty pimp too.
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Old 09-12-2007, 09:34 PM   #32
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Re: Should I sell my car?

I got a SUV for my DD, Yeah it might not work for you, but I needed a larger car with 4x4 and also I wanted something that I could pull a trailer. I want a F350 powerstroke, cant pay for it now... when jenny grad's BSU She will get the explorer and i will get my truck the mustang cost me maybe $100 bucks a month with gas ahaha.
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Old 09-13-2007, 12:48 AM   #33
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Re: Should I sell my car?

If its paid of keep it. It will only be a matter of time till you will wish you had it still. Payments suck and i'd love to not have one again.
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