You only live once...
Printed From: Tippmann Paintball
Category: News And Views
Forum Name: Thoughts and Opinions
Forum Description: Got something you need to say?
URL: http://www.tippmannsports.com/forum/wwf77a/forum_posts.asp?TID=187728
Printed Date: 22 December 2025 at 12:25pm
Software Version: Web Wiz Forums 12.04 - http://www.webwizforums.com
Topic: You only live once...
Posted By: PAINTBALL1
Subject: You only live once...
Date Posted: 15 February 2011 at 10:05pm
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A friend of mine is having another kid and will be getting rid of his 01' Vette. He offered me the chance to just take his loan without anything else of top of it, which is around $11-12k. I could take his loan over, and after selling my car, would reduce my payment by about $100 a month, which I would roll back into the Vette loan to pay it off.
The reason I'm considering this is 1) My Accord while sufficient for getting to work, and hauling 2 out of 3 kids, doesn't fit the whole family. We have a van for our main family hauler and the Accord doesn't really get used except to get me to work and around town. 2) I will be buying a mid 90's truck to replace the one I sold last year. The truck will be family hauler plan B, and used for hauling our ATV. 3) even though I would be going from one car payment to another, the Vette is worth more than my current car and for the price, if crap hits the fan I could sell it and make out ahead. 4) I'll have 3 vehicles regardless but the Vette could fill the Accords role in life and give the wife and I a nice date/weekend car. The details haven't been totally worked out, and will undoubtedly be the what makes or breaks this idea. But as for now, it's a slow night at work and I'm mauling this over in my brain. ------------- USAF Special Weapons Technician. |
Replies:
Posted By: Rofl_Mao
Date Posted: 15 February 2011 at 10:29pm
| Pansies... GET THE FREAKING VETTE MAN! |
Posted By: PAINTBALL1
Date Posted: 15 February 2011 at 10:47pm
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Man, 27 views, only 6 votes and one reply.
Rofl, you're like the voice in the back of my head screaming. I'm trying to rationalize the idea... ------------- USAF Special Weapons Technician. |
Posted By: evillepaintball
Date Posted: 15 February 2011 at 10:58pm
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Get an insurance quote, then get the car. ------------- 
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Posted By: PAINTBALL1
Date Posted: 15 February 2011 at 11:07pm
Surprisingly enough, even though I'm under 25 replacing the Accord with the Vette results in a $20 increase. Which, I can live with. Being Active Duty + clean record since I was 15 + USAA = seriously reasonable insurance. ------------- USAF Special Weapons Technician. |
evillepaintball wrote:Posted By: DaveEllis
Date Posted: 15 February 2011 at 11:39pm
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How good of a buddy is he that he wants to unload his car for less than half of what it is worth? Just smells fishy.
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Posted By: High Voltage
Date Posted: 15 February 2011 at 11:47pm
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I vote Hades.
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Posted By: PAINTBALL1
Date Posted: 15 February 2011 at 11:50pm
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He's a good friend, I've known/worked with him for a couple years and I know the history of the car since at least he's owned it. He bought it a few weeks after moving up here, about 2 years ago. The car has seen some autocross on 3 seperate occasions but other than that it's his daily driver when the snow isn't too bad.
He tried selling it locally before without much luck. This area isn't really a hot market for RWD sport cars, it's more of a truck town. He doesn't have the best credit, or traffic history (speeding, imagine that) and is looking for a clean way out of the loan to start fresh and save on some insurance. However that start is looking to be CTS-V... Dave, I appreciate the concern, but knowing the guy and the car is really why I'm considering this. I wasn't really in a market for a Vette but have a hard time passing up a chance to fill up my happy meter. **Edit: He got the car for a great price from one of the local dealers. It had sat on the lot for a bit and the staff was happy to sell it in the middle of January. ------------- USAF Special Weapons Technician. |
Posted By: ammolord
Date Posted: 16 February 2011 at 12:00am
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Think of it this way, when is the next time your gonna find THAT good off a deal on an 01 vette? they are still goin for over $30k here (idk how, dont ask). ------------- PSN Tag: AmmoLord XBL: xXAmmoLordXx ~Minister of Tinkering With Things That Go "BOOM!"(AKA Minister of Munitions)~ |
Posted By: SSOK
Date Posted: 16 February 2011 at 12:27am
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Seeing as the Accord does not get used for hauling kids much, I would consider selling the Accord, and buying a slightly newer truck (I am partial toward mid 90's Ford trucks myself, but you would be lucky to find a clean one). It sounds like you dont need the Accord, and only need two vehicles. Is the Vette stick or automatic? Because the actual cost of driving a mundane Accord is significantly less in gas+repairs with the vette.
If you can afford the vette+truck+wifes car, I would say go for it. Personally, I would just use the truck+wifes car and be done with it. Restore an old car when your kids are older and you have a garage. ------------- 
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Posted By: PAINTBALL1
Date Posted: 16 February 2011 at 12:54am
I've been debating the 2/3 vehicle thing for awhile and when I had all three costs were relatively low and everything was covered. 2, seems to make the most sense. But the van is paid for, and the truck will be purchased outright. I thought about selling the Accord and scoring a slightly nicer truck compared to what I would be buying. Then I thought about using the truck as a daily commuter/around town and I wasn't enjoying it. I had a 92' Chevy 1500. The Vette, while not quite as economical as the Accord, isn't terrible either. Depending on how I flog it, should return high 20s on the highway and mid teens in town. Maintenance is higher than the Accord, but the LS1 is a fairly solid engine. Eh, more thinking to be done. Truck+van seems most sensible, however... ------------- USAF Special Weapons Technician. |
Posted By: stratoaxe
Date Posted: 16 February 2011 at 1:07am
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Just a been there done that kinda thing...Vettes are way over rated.
My sister has an 06, it's the little maintenance things that get you. Once you get over the awesomeness of the Vette, you're just paying for a cramped, fairly powerful mid life crisis on wheels  Not to mention they're plagued by electrical problems, and the GM house will rip you a new one on repairs.
But its like my dad said about Corvettes, they're one of those things you just gotta get out of your system. If it's something you REALLY want go for it, just make sure you can get out of it when the time cones. |
Posted By: Koolit32
Date Posted: 16 February 2011 at 4:58am
| I say go for it, only because I'm about to trade my very reliable 96 Camry with 90k miles for a 91 BMW 318is with 190k miles. Don't think, just do stuff. |
Posted By: Gatyr
Date Posted: 16 February 2011 at 7:05am
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I've never seen the appeal for having a super nice car, but if it will make you happy, do it.
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Posted By: evillepaintball
Date Posted: 16 February 2011 at 7:44am
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Posted By: Gatyr
Date Posted: 16 February 2011 at 8:34am
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Posted By: JohnnyHopper
Date Posted: 16 February 2011 at 11:09am
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I would love to have a vette and let someone rent to own it. I would love it even more when they made the last payment and the bank mailed the title to me. ------------- My shoes of peace have steel toes. |
Posted By: oldpbnoob
Date Posted: 16 February 2011 at 11:20am
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Let us know when this episode airs on The Peoples Court. ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: PAINTBALL1
Date Posted: 16 February 2011 at 11:34am
How so? I have 3 options 1) Purchase the car outright from him. 2)apply for the loan through his bank and 4) apply for it through my current bank. So the peoples court can be left up to the ones who just decided it'd be fun to throw money at someone hoping for rainbows and unicorns to take of the rest... kind like voting for the current POTUS (Zing!) And as far as the "nice" car, I guess it's not that it's a nice car but since I've been owning vehicles I've never purchased one for selfish reasons. My true dream car would be a Viper, between 2000-present. But that one will have to wait until I finish up the next 17yrs with Uncle Sam. Buying the Vette would just fill a gap of immaturity that I have from knocking up the wife 3 times, starting when we were 15. Outside of that, the logical part of me sees that the price is good but on the other hand it's not needed and well I don't love having a car payment. We shall see... ------------- USAF Special Weapons Technician. |
Posted By: JohnnyHopper
Date Posted: 16 February 2011 at 11:38am
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I stand corrected, it does not appear that you just fell off the turnip vette. ------------- My shoes of peace have steel toes. |
Posted By: oldpbnoob
Date Posted: 16 February 2011 at 11:55am
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Call me cynical, but it isn't every day that someone offers me a car valued at $20-23k+ for 1/2 price. There is an expression about if something sounds too good to be true.... If it is a legit deal, I would buy the car, turn around and sell it for a profit. Watch out on the taxes though. At least in Florida, if a title changes hands for significantly less than the stated Blue Book value, you may get a letter from the state questioning the legitimacy of the stated value. I ran into something like this many years ago where I purchased a vehicle that needed engine work for a lot less than it's BB value. I got a letter 2 years later from the DMV questioning the transaction along with a bill for the difference and penalties. It took me several letters and phone calls to get the situation worked out more or less. ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: agentwhale007
Date Posted: 16 February 2011 at 12:13pm
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Does the person selling it to you have a giant mustache and wear a beret? If so, the car had a rotting pig in it. Don't buy it.
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Posted By: oldpbnoob
Date Posted: 16 February 2011 at 12:20pm
 ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Shub
Date Posted: 16 February 2011 at 10:56pm
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Posted By: RoboCop
Date Posted: 16 February 2011 at 11:50pm
| Can someone explain to me why the DMV cares about cars being sold for cheaper than BB value? Why do they have any say in how much cars should be sold for? |
Posted By: oldpbnoob
Date Posted: 17 February 2011 at 8:08am
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: FreeEnterprise
Date Posted: 17 February 2011 at 9:46am
If it were me, I would buy it, and have a ball with it for the 3-5 months that you will just really enjoy it... Once it starts to not have that fun factor anymore. Sell it and pocket the profit.
Just be careful, vette's and police officers writing tickets go hand in hand...
And getting a bunch of tickets would mess your USAA up for a long time.
I don't see a downside, unless you end up tearing it up or wrecking it. But, you know if you can handle it or not.
As for the value, watch one on ebay, and that will give you a good idea of what you can sell it for. ------------- They tremble at my name... 
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Posted By: PAINTBALL1
Date Posted: 17 February 2011 at 7:17pm
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Well, the numbers are in: Payoff price of the loan is $13,800, which wouldn't be terrible except that he has 105,000mi on it. I did a quick KBB look and at best (Excellent condition)it is $13,600. Most people go by the Good/Fair value which puts us at about $12,600.
I'm thinking after getting all the numbers that I'm going to pass. O well, could have been fun. Not to mention that I had some frozen water put me in a ditch today and in the process of spinning out of control, I hit a reflector which is going to cost me a couple hundred to repair. Looks like I'll be doing some repairs and looking into buying a truck. ------------- USAF Special Weapons Technician. |
Posted By: __sneaky__
Date Posted: 17 February 2011 at 7:50pm
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Get the vette. ------------- "I AM a crossdresser." -Reb Cpl Forum Vice President RIP T&O Forum |
Posted By: PAINTBALL1
Date Posted: 17 February 2011 at 8:08pm
Did you catch my last comment? Methinks it's not as good of a deal as previously mentioned. That and getting a loan for a car with 105,000 miles is kinda difficult, normally requiring higher interest. ------------- USAF Special Weapons Technician. |
Posted By: evillepaintball
Date Posted: 17 February 2011 at 8:21pm
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How much was his loan originally for/ how long has he had it? -------------
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Posted By: PAINTBALL1
Date Posted: 17 February 2011 at 8:28pm
Roughly $17k, and about 2 years. Edit** After looking around a bit, it's still a "decent" price for the miles and if I wait a little while to sell my car it would bring the price down closer to $13 or possibly less. Not that it matters, but this vette does have Borla exhaust system, intake, and a tuner. Not that those are huge things, but the exhaust alone is worth around $1k. ------------- USAF Special Weapons Technician. |
Posted By: tallen702
Date Posted: 17 February 2011 at 9:57pm
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Ever see how much a new set of tires costs for a 'vette? It's not like you can rotate them or anything. ------------- <Removed overly wide sig. Tsk, you know better.> |
Posted By: PAINTBALL1
Date Posted: 18 February 2011 at 1:51am
$400 a set... But near as bad as trying to find out why the ABS/Traction Control/Active Handling systems aren't working. Could be a $2.00 fuse or a $850 brake module, it was an on and off issue when he bought it and never had it further diagnosed. Some details are too big to forget, and I don't want to inherit the problem. Probably better that way. ------------- USAF Special Weapons Technician. |