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Thread: What would you do?
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mazdarx605
Redlining
Posts: 314
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posted December 31, 2007 01:13 PM |
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Thanks EricS,
I am not sure yet what I will do with the truck,but I did enjoy driving it this past summer after 2 plus years of no use. I have it insured with classic auto insurance,and I even won an award at a Japanese car show this late summer. I know it isn't perfect,and it will require a fair amount of restoration,but it is surprisingly in good overall shape. It is a blast to drive,and I love the looks I get in it. As a matter of fact on the way home from the car show I won the award in I had a guy in a 7-series BMW give me the thumbs up on the interstate. I thought that was pretty cool,and made me glad I kept the truck. can't predict the future,but I may be selling it if we go on strike,but at least I have not torn it apart. I agree with you about keeping a car/truck intact if you have any idea you may sell it,and that is what I have done. I hope to keep the truck forever,and maybe restore it with my boys,and maybe pass it along to one of them someday,but who knows what will happen.
Happy New year guys!
Chris
74 REPU
79 RX-7 GS
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mazdarx605
Redlining
Posts: 314
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posted July 25, 2008 07:19 AM |
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Well it is that time guys. August is almost here,and the threat of a strike is upon me. I am still undecided as to what I want/need to do,but I was all set to list the truck for sale yesterday,but my wife said to wait a bit. My reasons for possibly selling it are three-fold. One being the threat of a strike,two being financial troubles that include some credit card debt that I hate carrying(not tens of thousands of dollars,but a significant amount in my eyes),and three the idea of maybe getting a coupe,wagon,sedan to replace it now,or in the future.
Does selling my truck to pay off debt make sense? It does in some ways,but not others. I know it would make sense financially,but the car guy in me say it is tough to replace a vehicle like this. I know it isn't a show queen,but it is nice,and is very rare around here in New England.
Possibly selling it also has to do with the fact that I feel guilty that we are selling our camper. We were planning on selling it anyway,but now instead of selling,and taking a loan for the difference,and buying a new one I have spoken with my wifa about selling,and using the procedes to fund a possible strike,and if no strike using the $5000 to pay down the credit card,and save up for a year or so to buy a new used camper. My wife is a saint though,and she doesn't want me to sell the truck just yet. She loves camping,and is dissapointed in not getting a new camper,but I assured her it is only temporary,and that maybe we could even rent a camper next year for the week we use ours,and maybe even for the Labor Day weekend. I think renting,or buying a cheap used one is better for our budget anyway with the use we get out of the camper being minimal anyway(14 days a year is typical),so maybe we can try out a few campers to see what we like,and go from there.
Any thoughts?
Chris
74 Stella green REPU
79 RX-7 GS Spark yellow
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repu510
Hauling
Posts: 141
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posted July 25, 2008 08:43 AM |
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my suggestion
if the camper and repu are paid off, then it doesn't make sense to sell them. since its paid off, no one can take it from you (like the bank...) and you still have the use of it worry-free. you dont want to incur more debt buying something new/used and not be able to make the payment if you go on strike.
i would only consider selling them if your income gets cut off completely for an extended period of time and you absolutely have nothing else to sell. in the meantime, try selling off other small items and put it away for if a strike occurs so you have some cushion.
i'm sure the credit card debt and interest on it seems overwhelming, but i would find ways to cut back to make larger payments and get it paid off that way. you'll be amazed at how much you can cut back if properly motivated.
for example, i had a friend who was saving for a down payment on a condo a few years back... he literally ate pbj for breakfast, lunch, and dinner for a couple of months. granted, he sponged off the rest of us for a while, but it was cool. we understood... haha
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Klaus45
Redlining
On two wheels
Posts: 218
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posted July 25, 2008 10:08 AM |
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Timing, etc.:
Unless things are vastly different in your part of the country... now is NOT the time to be selling anything!
What's appreciating? What's depreciating? Timing can be everything.
If your credit is excellent, you ought to be able to carry/pay down your CC debt at a nice, LOW interest rate.
Campers/RV's depreciate even faster than new cars & trucks... am I right? If you must sell... reconsider the simple pleasurue of primitive/tent camping... and don't trade your good used/paid for camper for a bigger loss, later!
Same goes for your REPU: If it's a different oldschool rotorcar/wagon you're after... best to accquire that, first... before letting go of your REPU. Unless, of course, you have made up your mind, and the time is right... and you have a buyer willing to give you enough for it.
Fear of the unknown is the worst possible reason to make unrewarding decisions.
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FernandoLuna
1st Gear
Posts: 16
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posted July 25, 2008 01:23 PM |
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Dont worry
Hi
Sorry but I have to ask you how old are you?
Well, results that after I sell my first REPU(25 years ago) I though it was the last time I will ever own one but... it turns out I`ve own 5 more after that. Dont worry, when the man got to do what the man got to do, sell it, BUT, until that day arrives, ENJOY and dont worry. Your REPU will sell in a few days, so why worry?, you have an apreciated item there, so when the time is right give it to some one you´ll know will treat it right and continue with your life. If you are truly a Rotorhead youll get another one and continue your plans of restoration. Im 45 years old now and I´ve own like 25 rotaries and every one better than the last one.
Good luck and trust God.
Fernando Luna
Rotary Shop
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Brad
Rotorhead
Posts: 1672
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posted July 25, 2008 01:58 PM |
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boy it's a tough call
These REPU's are not getting any easier to find. Selling the camper and renting a camper makes sense and it's a lot easier on you since you won't have to repair and maintain a camper.
Can you work part time somewhere else during the strike to make ends meet, or do you have to walk the picket line?
The financial planners will say: "Don't let emotions get involved with financial decisions. It's a dollar decision only." Which makes it tough when owning trucks we love. Another quote I've heard from rotorheads is: "Financial decisions suck."
If you do decide to sell, your clean truck will get a good price and should sell quickly.
____________
-brad-
74 REPU Lawn Green
81 Rx-7 racecar. 12a J-
Bridge
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ovquick
Redlining
Posts: 253
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posted July 25, 2008 02:30 PM |
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RX7 Parts
Hello, Glad to hear you still have the REPU and the RX7. Both are rare and becoming more so everyday. I would like to know if you still have the steering wheel and horn button listed in your parts section. I followed the thread and didn't see where it had been spoken for. If they are still available at that price I would like them. You can email me at ovquick@yahoo.com
Thanks,
Orville
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Manteca Mazda Asylum
where a boy and his cat live, without adult supervision
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Mazdarx605
Redlining
Posts: 314
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posted July 25, 2008 07:33 PM |
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Thanks for the replies guys,
I am very confused as to what to do. The rotorhead/carhead in me says keep it,but the sensible/responsible side of me says to sell it. The problem is I have wanted to restore the truck with my sons for many years now,and I know if I do sell it that I may never get another especially here in New England. I know the truck is rare,and getting rarer by the day I bet,and it is like a hens tooth here in the North East.
To answer some questions. I can work on the side during a strike,aside from when I am picketing. I am a licensed electrician,and I have some work lined up that I can stay busy on during a work stoppage. I also have saved a little money over the past year that will cover the mortgage payment for one month.
I am 33 years old,almost 34. Buying,and selling old school rotaries may be easier for some,but here in NE it is damn near impossible unless you find them online,and are willing to travel/ship.
Orville,are you referring to the RX-7 wheel,and horn button? If so I believe I still have them,and I can sell for the price I have listed.
Chris
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ovquick
Redlining
Posts: 253
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posted July 26, 2008 10:18 AM |
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Parts
Hello Chris,
Yes, I was referring to the RX7 parts listed on your page.
I can start to understand your conflict a little better now. Yes, the trucks are certainly more plentiful on the west coast than they are on the eastern side of the United States. My opinion is that your yellow RX7 is by far the rarest of the two vehicles.Everyone here has an opinion, but in the end you are the one who has to make the decision for you and yours and I wish you luck. Contact me by email (ovquick@yahoo.com) so we can arrange the purchase and shipping for those parts.
Thanks
____________
Manteca Mazda Asylum
where a boy and his cat live, without adult supervision
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mazdarx605
Redlining
Posts: 314
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posted July 26, 2008 09:00 PM |
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Hey Orville,what makes you think the RX-7 is more rare than the REPU? I ask because I think the truck is maybe one of the most rare vehicles I see at local car shows,and cruise nights. I would prefer to keep the RX-7 more than the truck,but it isn't because I think it is any more special,only because I have had a love affair with the SA/FB chassis cars since I was a young'n.
I will email you with details,and such on the RX-7 steering wheel. I also just picked up a free 79 RX-7 today in NH. It is really rotted out,but there are plenty of useable parts,and the best part it was FREE. Only cost me a whole day,and paying my father-in-law for diesel fuel to have him come up to get it with me. My wife may pay later though as we had to stop on the highway at McDonalds(which I don't care for too much),and I feel it already.
Chris
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ovquick
Redlining
Posts: 253
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posted July 26, 2008 09:57 PM |
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Whos' Rare
Hello Chris,
Ordinarily the REPU would be the rarest, because of the low production numbers, but the yellow color for the RX7 was only offered in 1979 and you don't see very many of those at all, out of all that were sold. That's why I think your yellow RX7 would be the more rare of the two. So far the trucks are fairly easy to acquire, you just have to wait a while until one comes up, but eventually one will.Looking forward to your email.
____________
Manteca Mazda Asylum
where a boy and his cat live, without adult supervision
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mazdarx605
Redlining
Posts: 314
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posted September 17, 2008 04:03 PM |
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Hey guys,
I may be in the market to sell the truck soon. I don't want to,and I have no idea what it is worth,but I should be able to make back my investment pretty easily. I found a guy selling a 73 RX-3 in Connecticut that sounds like it is a bit of a project,but not too bad. He has loads of spare parts from what he has told me,and even has a NOS set of RX-3 SP decals. I have yet to see pics of the car(he has none,and can't get me any),but I plan on going down there on Friday after work to have a look at it. He is the second owner of the car,and has owned it since he was 16 form what he told me(he is 40 now). It needs paint,and some cleaning up of a little surface rust,but he says it isn't bad. I don't want to sell the truck,but I may have to. The plan may be if I like it to get a loan to buy the RX-3,and then sell the truck to pay off most of if not all of the loan.
I have no idea what my truck is worth,but it should be worth a bit more to someone on the east coast,as it is already over here which cuts down on delivery charges. It will be a sad day when,and if it leaves,but I may have to do it. I want something that I can take my kids out in,and the truck doesn't allow for that. The RX-3 isn't much larger than the truck,but it has a back seat that I can legally put them in. Any idea as to what a 74 REPU in running driving condition with decent paint,and little to no rust is worth nowadays? I see some on ebay that are way worse off than mine selling for decent money,but then again I see really nice ones selling for not that much more.
Chris
74 REPU w/factory air
79 RX-7 GS
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repu510
Hauling
Posts: 141
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posted September 17, 2008 06:16 PM |
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how is your work situation? if the threat of a strike is still hanging in the air, getting into debt for the rx-3 doesn't sound like a wise move imo. there is no guarantee that you will be able to sell your repu for the amount you want, or need, and could end up taking a hit because you are in a bind. i wish you well and hope you make a good decision that you can live with.
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mazdarx605
Redlining
Posts: 314
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posted September 18, 2008 09:51 AM |
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Work situation is good for the next 3 years. We just signed a contract in mid August. We sold our camper,and paid off credit card debt with teh funds,so we are in pretty good shape right now. I am not a fan of taking on more debt,and I am not sure that is what I want to do,but if I can swing getting a quick loan,get the RX-3,and sell the REPU to pay off most of,if not all of the loan then I am right back where I was before with an old school ride,and no payments on it. I will get a better idea tomorrow when I go to look at the RX-3,but it is an idea I was having. I love the REPU,and would love to do a full restoration on it with my kids,but even if I did I could only take one of them out with me in the truck,and that isn't fair to either one of them.
Chris in Massachusetts
74 REPU w/factory air
79 RX-7 GS Spark Yellow
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repu74
1st Gear
Posts: 42
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posted September 18, 2008 02:32 PM |
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sign of the times
It is a sign of the times this country is going through or about to go through. We are teetering on a recession according to our government. we are there if you ask everyone else. Right now it is a buyers market if you have the funds. These trucks will not go for what they possibly should. What you saw a truck sold for 2 to 3 years ago is the past they wont get nearly that now same as for parts. LOOK on ebay at the parts and trucks up for sale ... not hitting reserves or getting nearly what they had thought. If you have a truck and want to keep it the best thing to do and remember is money is the easiest commodity to replace. A 34 year old truck isnt. You almost have to act like you dont have the vehicle so you wont have to sell it to pay bills. Because if you sell it and pay bills the bills will be back and the truck wont.. . . then what. Just park it and dont put anything into it until times change. We as a country go through this every 10 to 12 years as a cycle. Most of the people who had toys to build or buy were buying them from 2nd mortgages on their houses ...... times are changing.
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