If you only got to keep 1 car due to buying a house, would you sell your 993?
10-01-2007, 12:31 AM
#91
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HERE ARE THINGS TO CONSIDER:
How long has this home been on the market?
Is it likely to sell soon?
Can you wait for another (possible) 1/4 point or two, drop in interest rates before you buy?
Would this make the aquisition of the home significantly easier for you?
Are the funds from selling the car going to your initial 20% down?
Will the funds from selling the car lower your interest rate on your home purchase?
You have been without a morgage for four years, have you accounted for the additional tax write-offs you will get with this home purchase?
Is your local market weak enough that you could ask the seller for a "credit back" that would equal or exceed the funds gained from selling the car?
WHAT I WOULD DO:
If the house is everything you want and getting you closer to your daughter then go for it. Quality of life with your loved ones cannot be measured on a dyno.
I would keep the car, unregistered, uninsured, undriven for a short time and see if you can keep up with the bills. If you can then cycle your car back into the rotation, if you can't, then sell the car at that point.
Lastly is if you decide to sell the car, I would PM myself as I am in the market, but as most know I still have a fair amount of test driving to go before I decide which model I will be buying.
Good luck with your home purchase and I hope you are able to keep your cars.
How long has this home been on the market?
Is it likely to sell soon?
Can you wait for another (possible) 1/4 point or two, drop in interest rates before you buy?
Would this make the aquisition of the home significantly easier for you?
Are the funds from selling the car going to your initial 20% down?
Will the funds from selling the car lower your interest rate on your home purchase?
You have been without a morgage for four years, have you accounted for the additional tax write-offs you will get with this home purchase?
Is your local market weak enough that you could ask the seller for a "credit back" that would equal or exceed the funds gained from selling the car?
WHAT I WOULD DO:
If the house is everything you want and getting you closer to your daughter then go for it. Quality of life with your loved ones cannot be measured on a dyno.
I would keep the car, unregistered, uninsured, undriven for a short time and see if you can keep up with the bills. If you can then cycle your car back into the rotation, if you can't, then sell the car at that point.
Lastly is if you decide to sell the car, I would PM myself as I am in the market, but as most know I still have a fair amount of test driving to go before I decide which model I will be buying.
Good luck with your home purchase and I hope you are able to keep your cars.
10-01-2007, 12:40 AM
#92
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HERE ARE THINGS TO CONSIDER:
How long has this home been on the market?
Is it likely to sell soon?
Can you wait for another (possible) 1/4 point or two, drop in interest rates before you buy?
Would this make the aquisition of the home significantly easier for you?
Are the funds from selling the car going to your initial 20% down?
Will the funds from selling the car lower your interest rate on your home purchase?
You have been without a morgage for four years, have you accounted for the additional tax write-offs you will get with this home purchase?
Is your local market weak enough that you could ask the seller for a "credit back" that would equal or exceed the funds gained from selling the car?
WHAT I WOULD DO:
If the house is everything you want and getting you closer to your daughter then go for it. Quality of life with your loved ones cannot be measured on a dyno.
I would keep the car, unregistered, uninsured, undriven for a short time and see if you can keep up with the bills. If you can then cycle your car back into the rotation, if you can't, then sell the car at that point.
Lastly is if you decide to sell the car, I would PM myself as I am in the market, but as most know I still have a fair amount of test driving to go before I decide which model I will be buying.
Good luck with your home purchase and I hope you are able to keep your cars.
How long has this home been on the market?
Is it likely to sell soon?
Can you wait for another (possible) 1/4 point or two, drop in interest rates before you buy?
Would this make the aquisition of the home significantly easier for you?
Are the funds from selling the car going to your initial 20% down?
Will the funds from selling the car lower your interest rate on your home purchase?
You have been without a morgage for four years, have you accounted for the additional tax write-offs you will get with this home purchase?
Is your local market weak enough that you could ask the seller for a "credit back" that would equal or exceed the funds gained from selling the car?
WHAT I WOULD DO:
If the house is everything you want and getting you closer to your daughter then go for it. Quality of life with your loved ones cannot be measured on a dyno.
I would keep the car, unregistered, uninsured, undriven for a short time and see if you can keep up with the bills. If you can then cycle your car back into the rotation, if you can't, then sell the car at that point.
Lastly is if you decide to sell the car, I would PM myself as I am in the market, but as most know I still have a fair amount of test driving to go before I decide which model I will be buying.
Good luck with your home purchase and I hope you are able to keep your cars.
I apologize for not reading the entire thread before posting. I had only read the first three pages and failed to see you are no longer looking at that particular house. That said, the same principals apply.
10-01-2007, 11:02 AM
#93
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I'm fairly new to the forum and do more reading than writing. I hope to be in a 993 by early next year. DON'T SELL THE 993. You seem to have a lot of passion for it. It looks beautiful. Go outside right now and drive each car for 1/2 hour. One hour later your decision should be a "no brainer."
10-01-2007, 11:29 AM
#94
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10-01-2007, 11:51 AM
#95
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I read that, too. The uninsured part is not a great idea. I'll defer to Greg's experience but, at the very least, one should have comprehensive. It's not that expensive; I pay $528 for everything (comp, liability, etc.) except collision on the 993.
Overall, good advice from NVR.
Overall, good advice from NVR.
10-01-2007, 01:29 PM
#98
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Thread Starter
Thanks folks.
Napa Valley Realtor... good points. I'll bring these up with a financial guy to see which applies or could work for us, but the car is staying.
Steve R
Napa Valley Realtor... good points. I'll bring these up with a financial guy to see which applies or could work for us, but the car is staying.
Steve R
10-01-2007, 04:56 PM
#100
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10-01-2007, 11:23 PM
#101
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See....I was right!
Steve,
I've read your posts here and on Time Zone and feel that I know you well enough to realize that whatever decision you make it will be the right one for both you and your family. Your have great logic, don't make rash decisions and are not afraid to ask for advice. I have no doubt you will make the right decision. Good luck and keep us posted.
I've read your posts here and on Time Zone and feel that I know you well enough to realize that whatever decision you make it will be the right one for both you and your family. Your have great logic, don't make rash decisions and are not afraid to ask for advice. I have no doubt you will make the right decision. Good luck and keep us posted.
Congrats. I am happy for you as I'm sure the past few weeks have been quite stressful. Changing homes is on the short list of lifes big deals.
