Troutman Posted October 11, 2007 Report Share Posted October 11, 2007 That's right, after little over a year it is already time for my little black Eunie to find a new home. As with my previous cars, it will be sold on Ebay, and I just have to sort out final details with the finance company. The decision has been made quickly but there's no real reason not to take this path. The main reasons are: 1) In terms of how infrequently it is driven and how much effort put into detailing/maintenance I'm up there with BHR standards. Problem is that as good a car as it is, it is neither a rare/desirable model here, nor has it been maintained to anywhere near my standards since new. I could go down the same path as the 800M, of trying in futility to throw money to improve its overall condition. Or I could learn from the past and aim to buy a new or truly immaculate car and then maintain it to my standards. 2) Because my work is in public transport I get free travel and know the system well enough to not need a car at all. This has allowed me to preserve the Eunie as I have, but that isn't really achieving much (see point 1) and I have worked out that I can get out of all debt in no time and save for much bigger plans by having no car for a while. What is next is unclear, though I have developed a strong preference for Australian-made cars. Who knows... watch this space. Quote Link to comment Share on other sites More sharing options...
mts Posted October 11, 2007 Report Share Posted October 11, 2007 T'is a sad, sad day. Quote Link to comment Share on other sites More sharing options...
enginph Posted October 11, 2007 Report Share Posted October 11, 2007 I can see the sorrow on the headlights. It is about to cry Quote Link to comment Share on other sites More sharing options...
///BHRpowered Posted October 11, 2007 Report Share Posted October 11, 2007 And why not try to seek out a newer, excellent condition 800M? Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted October 12, 2007 Report Share Posted October 12, 2007 Sorry to hear that Trout. However, I do think you are on the right track. And to those that don't agree, Quote Link to comment Share on other sites More sharing options...
Troutman Posted October 14, 2007 Author Report Share Posted October 14, 2007 Cheers for the vote of confidence, I will post any updates. My first priority is to pay off the loan so I can proceed. Quote Link to comment Share on other sites More sharing options...
///BHRpowered Posted October 14, 2007 Report Share Posted October 14, 2007 proceed with a new 800 that is Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted October 14, 2007 Report Share Posted October 14, 2007 Cheers for the vote of confidence, I will post any updates. My first priority is to pay off the loan so I can proceed. good for you Trout Quote Link to comment Share on other sites More sharing options...
Troutman Posted October 15, 2007 Author Report Share Posted October 15, 2007 I won't lie, I paid little attention to the GE loan for the car when I signed up. I borrowed something like $7.3k and have been paying just under $200 per month for about 15 months now. That's the better part of $3k given to GE, and how much is actually paid off the loan? Not even $800! Just as well I've saved enough to rescue myself from further disaster. Never never am I borrowing any damn money from anyone. Quote Link to comment Share on other sites More sharing options...
mts Posted October 15, 2007 Report Share Posted October 15, 2007 You really have to pay attention to the pay out terms if borrowing money... Quote Link to comment Share on other sites More sharing options...
Troutman Posted October 15, 2007 Author Report Share Posted October 15, 2007 I understand with home loans the first few years pay nothing off the loan, it's all interest. The only safe way is to save and not borrow anything, in theory. Quote Link to comment Share on other sites More sharing options...
mts Posted October 15, 2007 Report Share Posted October 15, 2007 Usually with a car loan (5 yrs) you are behind the depreciated value until about 3 yrs of payments. Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted October 16, 2007 Report Share Posted October 16, 2007 Exactly. Unless you can afford to make double payments. Quote Link to comment Share on other sites More sharing options...
enginph Posted October 16, 2007 Report Share Posted October 16, 2007 Usually with a car loan (5 yrs) you are behind the depreciated value until about 3 yrs of payments. On top of that they have the depreciation insurance to rip you more.. Quote Link to comment Share on other sites More sharing options...
Cyberdyne Posted October 17, 2007 Report Share Posted October 17, 2007 The Troutman is currently reviewing this decision, but there is no doubt it is a very high priority to pay off this loan immediately. Quote Link to comment Share on other sites More sharing options...
Troutman Posted October 21, 2007 Author Report Share Posted October 21, 2007 I would like to request this be locked whilst this is reviewed. Quote Link to comment Share on other sites More sharing options...
Seldomseen Posted November 7, 2007 Report Share Posted November 7, 2007 I miss my '01 Millenia S periodically myself. It was definately a sweet ass car! Mines was in prestine condition with aftermarket HID's, and oem chromies. Oh well...life goes on. :-p Quote Link to comment Share on other sites More sharing options...
mts Posted November 7, 2007 Report Share Posted November 7, 2007 Set as invisible at the request of until he decides the fate of his Eunie. Quote Link to comment Share on other sites More sharing options...
///BHRpowered Posted November 22, 2007 Report Share Posted November 22, 2007 so what ever happened... Quote Link to comment Share on other sites More sharing options...
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