| 2ndgenlude |
the last little while Ive been contemplating selling the lude :eek:
Now before you all bite my head off, listen lol. Bills from the build have been racking up like crazy and im having a hard time keeping up. Between credit cards, a loan and the new civic (probably a mistake buying that) it seems like im always broke and find myself buying shit on credit all the time which is really bad. The lude sits for most of the time, usually always with a quirk or 2 to work out before the next time i drive it. Right now, insuring 2 cars, finding parking for 2 cars (we have 5 cars at my house and 3 drivers :blink: just seems like its not the best idea. insurance companies want 500/month for both. and ive got quotes everywhere. not to mention its a nightmare to insure due to its engine as you all know. If i sold the lude i would be completely out of debt and would probably end up buying a 3rd gen shell and dropping ryans h22 into it for a winter car lol. everything would be cheaper. and i wouldn't be in such a deep hole. I can't believe im even typing this to tell you the truth, but it seems like the most logical thing to do. I probably wouldn't go through with it till this seasons over though. get the 400whp tune and drive it for awhile. hoping it doesn't break. I would want 15-16k for the car and i wouldn't budge a inch. if i didn't get that i would keep it. its not worth it to sell for any less. anyways im looking for opinions as im stuck, and almost feel sick thinking of selling it. especially since ive been building it for 3 years. i could always part out the turbo kit/engine and put a stock h22 in it too. but thats a shit load of work. comments? |
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| NightmareMX6 |
| Ya that i really shit. The bad thing about selling the lude (other then the fact that you spent all that time and money into it) is that ludes is not the most popular car now you bring in the fact that a 400whp turbo lude is a lot harder to sell. A part out would be the easiest way out, but I doubt you would get what all you want. Then you have my old engine to put into your car. But you still have two cars and a shit load of insurance. So I have no idea what you should do. Just having the civic is the easiest solution. But there goes you in the prelude club lol. |
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| Prudz_lude |
| sell the civic off with the financing agreement of lease. whichever you got yourself into. If you do sell the lude buy a 3rd gen and do a h22 swap :thumbup: I really want to do that as well. I was in an similar situation tyler. I had a fully built engine, half my turbo kit and decided to clear the debt instead. I was much happier that i had that stress off my shoulders rather than staying in debt. i would still try to get rid of the civic first though. |
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| whitespike22 |
| im pretty much in the same boat, have 2 cars my iinsurance is about 630 a month plus the payment for my new civic was thinking about selling mine too cuz of payments and cant put money into it atm. also dont know where i am gonna park it for the winter dont want it outside, but i keep telling myself cuz of all the attention it gets to suck it up and keep it so i think u should keep it or atleast hold the construction off on the building of it till u get urself back off of the credit scene, trust me u will be kicking urself if u sold it....its either that or sell it now and buy one later on .....id suggest keepin it.... |
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| Prudz_lude |
| i just think you both should have never bought civics. If eithe of you sell a car off sell your damn civics.... |
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| whitespike22 |
| yea i want a reliable car for winter lol and i can afford this still walking away with 1 grand a month... |
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| 2ndgenlude |
the debt is just so stressful. i could only imagine cutting up visa cards and never worrying lol. i could always post it for 16 and see if anyone bites. if so it would be worth it to sell it, if not, who knows. as for the civic, its 10x more reliable then the lude i hate to say. i drive a fair distance to work everyday and i need somethig reliable to get me to and from. thats the whole reason i bought the civic. plus if the lude sold i could finally move out of my parents place. which has been a goal for awhile. not only that i would be on my own with no debt with a brand new car. which is a favorable situation. between the civic payments and the insurance thats $1000 month gone just to drive/insure 2 cars. thats a shit load of cash. Im going to have to think about this lol. and i would still be in the club. i would just buy a rusty shell and throw it in my backyard so i still own a lude lmao.
and yes buying the civic was probably a dumb move. o well i suppose. |
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| tcpx |
| that's shitty... but I'm pretty much in the same situation - sell my lude off and ill be outta debt.. but nah, I'll get there eventually by next year |
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| Prudz_lude |
cody your lude is extremely reliable or should be anyway. My lude with new all season tires was a 4x4 in the riverbend culdesacs lol. Those things had so many cars stuck and my lude powered through like it was nothing. Also, very comfy for a winter car or summer car. Sell the civic if you do.
Tyler, i see what you are saying. i would keep the civic and buy a 3rd gen. |
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| whitespike22 |
| kinda wana keep my lude in mint by not driving in the winter lol |
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| Prudz_lude |
| i drove mine for most of winter. it is still mint ass. front bumper needs a respray but it is only 175 so not a big deal. better than not having a lude at all. |
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| mike3 |
It seems like a lot of us are in the same situation. Getting carried away with modding FTW! haha.
I've been thinking about selling my lude since I bought the CSX. Im paying over $1000/month just for the csx + Insurance. I still have prelude Insurance and gas on top of that.
I would never get what I wanted for the prelude (or close to what I have in it) but if I sold it, I would be out of Debt, and have some money to kick around.
After driving it home from Vancouver this weekend, I had a lot of fun and I don't know if I would be able to sell it if it came down to it. I think I could post it, but I wouldn't be able to let someone drive away in it. It's a money pit, and I have about 2500 - 3000 worth of new parts about to go onto it, and I still need a new tranny.
It probably doesn't help that I have 7 cars right now. I'm renting a garage, and 2 are in the works now, and once they're out I have 2 more ready to go under the knife. I regret building the engine for the lude, because now I'm all about K-swaps! haha.
I think once you start driving it again you'll want to keep it more. It's the easy way to get out of debt now, but at the same time your still young. If you were 35 and had a family, I would tell you to sell it. |
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| 2ndgenlude |
3rd gen h22 would be a beast. N/A and reliable too. I might put up a testing waters thread tonight and see if there is any intrest. it will take a long time to sell a car like mine. need to find the right buyer. take me a hour to type out a mod list. If it does sell i will try my best to keep it in the club. Tell the new owner about us. The only thing im worried about is it needs body work. pretty bad. lol. that was next on my list but i can't afford a paint job until 2015 probably. and your right mike, it would kill me to see someone drive away in it. it killed me to let my 2nd gen go haha.
there are alot of ifs though. |
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| mike3 |
| You will not get close to what you want with the body like that. If you're really serious about selling it, or even just want it painted; do the body work yourself. You can bring it to a shop and just have them spray it. Maaco paint jobs actually aren't that bad if you do all the prep work yourself, and you're on a budget.... Something to think about. I'm going to try and spray your old yellow civic myself... I'll let you know how that turns out. |
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| 2ndgenlude |
| ya, it might need paint to pull any decent amount of cash. we painted our old volvo at maaco before we sold it and it looked like a decent job minus the overspray. |
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| NightmareMX6 |
Mike if you sell your prelude, sell me your mugen spoiler :thumbup:
What all other cars do you have?
Tyler I told you the civic was a bad idea before you bought it, but it is a great car and it is very reliable. |
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| mike3 |
quote:
Originally posted by NightmareMX6
Mike if you sell your prelude, sell me your mugen spoiler :thumbup:
What all other cars do you have?
Tyler I told you the civic was a bad idea before you bought it, but it is a great car and it is very reliable.
Haha that would be coming off the car before I sold it forsure.
I have my
'08 CSX type S
'93 Prelude
'89 Prelude Si 4WS (rebuilding engine/clutch job)
'95 Civic (Tylers yellow beast. Currently about 25% yellow haha)
'89 CRX si (Swapping the engine this summer)
'99 Integra (Bought it in Van. Had a JRSC, but I've been parting it out to make some cash)
'03 RSX Type s.... was in an accident before I bought it, and it's turning into a donor car for the CRX. |
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| 2ndgenlude |
| im just stuck. no idea what to do. 1 hand im free from creditors, other hand i have the lude to rip around in and enjoy the stupid amount of money ive put into it lol. if i was smart i would have done the build a bit slower and paid cash for everything. but i guess everyone on here gets the modding bug more and more and find themselves in a hole lol. almost like its part of the game. |
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| mike3 |
Haha it's true. Everyone wants to have the car that everyone crowds around, and Everyone at some point wants to have the fastest car in the club haha. I say keep the car if you can handle just getting it driving, and not putting anymore money into it for a while.
Make yourself something where you plan out how much money you're going to put towards debt every paycheque, and just start paying everything off. Start paying whichever has the highest interest first. If you're as bad as I am with a credit card, just cut it up. If you don't have your card, it's hard to put money into it. Then once you're doing good, or once your out of debt order a new card and LOWER YOUR CREDIT LIMIT!
You could even get help from your parents. Hand all of your money over to them each paycheque, and have them help manage your money for you.
I know it sucks, but maybe consider getting a p/t job too. I've been considdering it, but I'm too busy right now. maybe in winter when it's too cold to work on cars. |
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| 2ndgenlude |
| ie been thinking of picking up a few shifts at canadian tire since i used to work there and its pretty easy. extra cash could go towards debt. on the flipside i could unregister the lude and store it for a bit so its not sucking up any more cash on insurance. if i get the job social life goes away in a hurry as i would probably work 7 days a week. and ya im bad with credit cards. i could always pay a bit off, lower limit, pay some off, lower limit lol. eventually i would get there i suppose. i might tough it out for a few months, and if i don't see it getting better, it would be time to sell. i owe it to myself to at least try to dig myself out. |
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| mike3 |
| Yeah, that would be a lot of wasted hours down the drain... If your prelude Insurance is high, maybe you should take it off for a couple months until you get it driving right. |
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| walkur1 |
Adam, tell Scott to make "For Sale" decals for the club instead...
I think my lude will last until next summer... maybe a bit longer. It's just so damn impractical! Or I could just drive it into the ground. I think I could squeeze 4-5 years out of it. |
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| 2ndgenlude |
| it is driving right, ive been driving it around at night/ weekends. just developed a oil pressure issue though, and the front end is making a noise. something loose in the suspension im guessing, so its parked for awhile. the ins isn't much. it has plpd on it for 150/month. but thats cash i could put on a card instead of insuring 2 cars. I just have to stop buying shit. the civic is a bitch because i have to have full coverage on it. |
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| mike3 |
| I know what you mean. Full cov'g = gay haha. My Insurance is effing high on my CSX. the fact that it's a type s makes it even higher. i'm sure you go through the same with the Si. My Insurance is nearly $4000 more a year than my Prelude. |
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| Prudz_lude |
if you continue to lower your credit you will actually damage your credit by doing that. You can only adjust credit 3 times a year and that includes credit checks. You had one when you got your civic so you are down to 2 as far as i know.
What you should do is go to a bank and talk about getting a consolidated loan, or your parents. What happens is they take all your debt and put it into one chunk of debt. You pay a lower interest rate and only one payment instead of 4 high interest payments. I did this and i managed to get rid of debt that would have taken me 2-3 years to get rid of in under 6 months. Without the high interest rates those $100 of dollars that would just go to paying interest gets put against the principle.:thumbup: |
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| 2ndgenlude |
| i have a LOC with about 8k available on it. its at 7%. i could pay off the cards with that, but the intrest would be killer since its calculated on the whole amount each month. if its maxed, thats like 700/month in intrest. my 2 credit cards are at 19% and 8%. i don't owe much on the 19% one. i could pay that off next week. but i owe like 6k on my 8% card. then i have 2300 left on a loan for my engine. thats scheduled payments though. i could power through this just its going to take awhile lol. |
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| Prudz_lude |
Thats it :dunno: Power the fuck through it :lol: Pay the high interest one off this week. Pay the loan off even though they are schedualed. You probably have a higher rate than your lower interest rate credit card. Just make sure there are no penalties for doing that. Then focus on you 6k loan and you are gold. If it comes down to it just take insurance off the lude and save yourself $500 a month.
But still, 3rd gen h22's droollllllll. Still thats a money pit of its own. |
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| walkur1 |
quote:
Originally posted by Prudz_lude
Thats it :dunno: Power the fuck through it :lol:
x2 |
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| Nis13 |
| sell it, a cars a depriciating asset and the way i see it with our kind of cars they are only going to consume more money, time and depriciate, i'm into my lude for over 30grand now and i only wish i could get most of it back |
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| Prudz_lude |
| yah 30k is pretty steep. bottles are not for babies, wasting all your money is for babies lololol. JK guys its a shame you are both selling/thinking about selling. It is also a shame the club has an expected life of 6 months now. |
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| 2ndgenlude |
| i wouldn't go anywhere. ive always wanted a 3rd gen project lol. |
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| Nis13 |
| we can turn the lude club to a luxury ride club!! haha I do financing for cars?? lol |
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| Prelude21 |
| Good luck getting that much $$ man... There may have been a small chance you could have before the canadian to US dollar got so fucked. I paid 21G for my car last year (which was a good deal at the time), got a few more grand into it now and would be lucky to get 15 - 16 for it. And mines a 5th gen with under 100k and in prefect condition. As well we all know you never get shit all out of a car... You spend 10 grand on the motor, your lucky if you get 4 and the cars arnt worth anything any more... its gay... but unless you plan on loosing a tun of money (which isnt worth it cause you got a nice car) you wont get anywhere near that kind of coin. |
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| 2ndgenlude |
my car only has 130k original km's and the body is completely rust free. it was a bc car for most of its life and was always garaged. just with being in so many shops for so long lately the paint went to shit with scratches/ few dents. its not too bad, but noticeable. if i sell it i will lose approx 15k. i knew i was going to lose money before i started building the car though lol.
i will tough this out for a bit and see if i can manage to keep it. |
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| Prelude21 |
| yeah... its one of those things... debt sucks so bad... its taken me buying and selling two houses to finally get out of debt... so much stress and BS... trust me...I know all about it... I had ALOT of debt.. |
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| 4thGenLude |
if you only owe 8300.. power through it
thats nothing :p |
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| 2ndgenlude |
| its more like 10k, but still. i should be fine as long as i behave lol. |
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| Prelude21 |
quote:
Originally posted by 4thGenLude
if you only owe 8300.. power through it
thats nothing :p
Yeah no doubt... $8300... pfff... Try owing over 80k... then you can worry... |
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| b18b.eg |
quote:
Originally posted by Prelude21
Good luck getting that much $$ man... There may have been a small chance you could have before the canadian to US dollar got so fucked. I paid 21G for my car last year (which was a good deal at the time), got a few more grand into it now and would be lucky to get 15 - 16 for it. And mines a 5th gen with under 100k and in prefect condition. As well we all know you never get shit all out of a car... You spend 10 grand on the motor, your lucky if you get 4 and the cars arnt worth anything any more... its gay... but unless you plan on loosing a tun of money (which isnt worth it cause you got a nice car) you wont get anywhere near that kind of coin.
you got screwed up the ass on that price, never was a a good price unless it was brand new on the dealerships lot. |
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| Prelude21 |
quote:
Originally posted by b18b.eg
you got screwed up the ass on that price, never was a a good price unless it was brand new on the dealerships lot.
Debatable. Its never been winter driven, had 80k, in dealership condition, and a fair amount of mods. (suspention, exaust, body kit, custom system, rims with new rubber (which i'm selling), some interior mods, and engine mods. Wasnt as amazing as it is now, but still a decent deal. I looked at about 15, 2001 ludes before i picked this one. |
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| b18b.eg |
quote:
Originally posted by Prelude21
Debatable. Its never been winter driven, had 80k, in dealership condition, and a fair amount of mods. (suspention, exaust, body kit, custom system, rims with new rubber (which i'm selling), some interior mods, and engine mods. Wasnt as amazing as it is now, but still a decent deal. I looked at about 15, 2001 ludes before i picked this one.
well mods dont really add to a price. if you feel it was a good deal then that works, to me i would of went else where, but i would also perfer the car to be stock so i could do my own work. |
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| Prelude21 |
| Yeah. Personally i liked the work that was done and added to it my own way. I bought it for the condition... not often you see a almost 8 year old car with perfect factory paint thats just as vibrant as the brand new paint i just got done on a few piecesand an interior without a signle scratch. It definatly was a lot of money, and mods dont add value, but it definatly didnt take it away either. |
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| Beagles |
| We can both rip around with H22A ludes Tyler... ive already started the saving for all that shit -_-....7/8Grand into the car this summer =\ (A lot less if i dont have to order the parts online.) |
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