Going once, going twice...sold!

Community Leader
Registered: 08-25-2006
Going once, going twice...sold!
7
Fri, 03-08-2013 - 1:20pm

Well, assuming the couple shows up after work with the money, I have sold the Explorer for $6,000.

They got a great deal, probably $2,000 less than at a car lot.  And I got a good deal, $2,000 more than any dealer would give me.  

Have no clue what direction I am going to go now.  I need to pound out some details with SO on the car we bought together.  He pitched $2,600 and I pitched $1,000.  Originally was going to be his, then he said I could have it, then suggested we register it in both our names.  We had a delay getting the second signature on the title, so haven't even transferred anything yet at DMV.  

We had to do a little work on the engine, so wating to go through this tank to see what the gas milage is.  Honestly, I doubt it will get more than 18.  We both like the car, but neither of us love it.  (18 is better than 14, but hoping to find something with at least 20.  I will know in a few days.)

Even if I give SO his $2,600 and make the car officially mine, I am still ahead $2,400 ahead of the game.  It would take 2 years of driving a fuel effecient car to make that up in fuel costs.  Sure, there will be repairs along the way, but there were repairs coming up on the Explorer.  

And for those of you wondering, I still owe $2,030 on the transmission loan with a monthly payment of $82 a month.  But again, if i paid that off, that would potentially wipe me out (partially depends what me and SO work out with the car) and I would still essentially be broke again.  

Enough babling out of me.  The money is not in my hot little hands yet, but no reason to believe they won't show up.  They had already called their bank, took the VIN number, and will bring me a check from the bank.  

Anywho, I know it is too early for any hard advice, but if you all could drop some replies, I am going to see if I can subscribe to this thread and see if I get notifications.  

Serenity CL Making a Second Marriage Work

Serenity
iVillage Member
Registered: 11-14-2008
Sat, 03-09-2013 - 7:12am

Ohh I hope this all works out! Let us know!

iVillage Member
Registered: 04-08-2008
Sat, 03-09-2013 - 1:15pm

That would be fantastic - let us know when it sells!

I can't say I've loved many cars in my life...men, yes...cars, not so much :)

When I got a very expensive bicycle (I worked for the company so it was our "company car") I had a glimmer of that feeling. I could TELL this was a quality ride and grew to love it. I wanted it on the wall of our bedroom but DH wouldnt' go for it...it was prominently displayed in my kitchen. Which every guest & family member thought was insane...but I digress. My point was that I understand about "loving" something. And I have to say that a lower priced economical car is probably *not* going to evoke that no matter what. So you may have let that idea go for now?

If I were you, I'd buy the car from DH & pay off the transmission loan. Then you have $400 left. I would aslo continue to "pay" the loan to myself...to start a little fund for yourself.

Just my nickel's worth.

Dee

iVillage Member
Registered: 05-08-2006
Sat, 03-09-2013 - 5:10pm
I think you should pay SO for his share of the car, then put the difference in a savings account. Each month, take enough from it to double pay the transmission loan. That will give you money in the bank for peace of mind, plus get you out from the transmission loan twice as fast. If something goes wrong and you have a true emergency, you'll have a cushion, but will get to the point where the transmission loan amount is off the books sooner.
Community Leader
Registered: 08-25-2006
Mon, 03-11-2013 - 2:53pm

Everything came through and they bought the Explorer.  Oh, how I hated to see it go.  But something about a $6,000 check in your hand that lessens the pain.  Money Mouth

And you know how Murphy seems to know these things.  Microwave died.  It actually sounded like it was going to explode!  Eeek!  Found a nice sized one we liked for $75.00.  

The $2,600 is still up in the air with SO.  He originally said "I could have the car," but I hesitate for various reasons.  Kind of goes beyond the scope of this board.  But, maybe it is time for us to learn to trust and take that step.  I don't know quite yet.

I forget who said it (maybe Happy?) that I may never quite "love" any vehicle in this price range.  Which truthfully, after driving the Explorer, is quite possibly true.  

Well, I need to get off of here.  Oh, and unfortunately the subscription didn't seem to work.  I did not get any notification that anyone replied to thread.  Ugh, how annoying!

Serenity - CL Making a Second Marriage Work

Serenity
Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011
Mon, 03-11-2013 - 11:26pm

serenity1986 wrote:
I forget who said it (maybe Happy?) that I may never quite "love" any vehicle in this price range.  Which truthfully, after driving the Explorer, is quite possibly true.

Look on the bright side: if you don't quite love your car, then you won't be too upset if you get into a fender bender. In many ways a cheap car is better than an expensive car that will demand much more TLC and possibly even insurance money!

iVillage Member
Registered: 04-10-2003
Tue, 03-12-2013 - 8:26am
Woohoo I can post! Sorry, I've been locked out for a week! That is definitely bright side PB!!

Bex -

Community Leader
Registered: 08-25-2006
Thu, 03-14-2013 - 1:10pm

The $3,600 car we bought just isn't working.  Too small, and horrible gas milage.  We have listed it to sell.

Looking at an older Jeep for $1,500.  Yes, high miles and only okay gas milage, but for $1,500, even with allowing for some repairs, I am still ahead of the game.  My SO loves Jeeps, so that helps.  :)  

I think going back to a sedan is just going to be too hard.  I drove SO's rig yesterday and it felt so good to have elbow room again.  I know, some of you might be wondering why I didn't just keep what I had, but I really needed the wiggle room financially.  I am sort of making up for the mistake I made when I bought the Explorer.  I purchased above what I could afford.  Trying not to do the same thing again.  

Serenity - CL Making a Second Marriage Work

Serenity