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> OT: What would you do?, Sell or store the DD?
type11969
post Mar 31 2008, 10:00 AM
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Starting next fall I'll be going to grad school full time in Philly (Drexel Univ) for at least 2 years. Since I live in Philly, I basically won't need a DD anymore. I'll be biking or taking mass transit. Actually, I won't need any cars but hey, the aircooleds aren't going anywhere. So the question is, do I sell my DD Miata? Well, for those of you that loathe Miatas, pretend it is something else. Its kinda beat up from being in Philly so in a market of low mileage always garaged weekend warriors it isn't worth too much, maybe about 5k (vs 7k+ for a primo example). The thing is, in 2 years when I start working again, it will probably be nice to have a DD again with AC, etc. I probably wouldn't get another Miata if I did sell this one, but I certainly wouldn't mind having it because its reliable, I know its history, and I generally don't give a shit about it. I also have the option of storing it for free in my parents garage up in NY State. So this is the way I see it

1) Keep the Miata, store it in my parents garage, pay minimal insurance if any (no-op), potentially deal with mice, and then in 2 years (maybe 5 if I stick it out for a PhD) I'll start using it again.

2) Sell the Miata, get about 5k, then in 2+ years buy another DD spending at least 5k to get it (taking a gamble that the "new" DD is as reliable).

I see pluses and minuses to both. I'm not hurting for cash so thats not an issue but I also obviously don't want to throw money away. So what would you do?

-Chris
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type11969   OT: What would you do?   Mar 31 2008, 10:00 AM
ericread   This is probably a real illogical answer, but i wo...   Mar 31 2008, 10:10 AM
RJMII   Do you really want to rely on your mom for a ride ...   Mar 31 2008, 10:34 AM
type11969   I wouldn't be parting with my teener, just my ...   Mar 31 2008, 10:42 AM
RJMII   I think I'd sell... if it's not something ...   Mar 31 2008, 10:48 AM
Vacca Rabite   Sell the DD. When you are out of grad school, you...   Mar 31 2008, 10:49 AM
blitZ   Sell the Miater, it will just sit and depreciate i...   Mar 31 2008, 10:58 AM
effutuo101   :agree: If you sell it now, you could buy one of t...   Mar 31 2008, 11:49 AM
markb   :agree: Sell it. It sounds like you have something...   Mar 31 2008, 11:55 AM
Beanie Boy   Dump it....get yer "Man Card" back..... ...   Mar 31 2008, 02:37 PM
type11969   Dump it....get yer "Man Card" back........   Mar 31 2008, 04:28 PM
charliew   Sell it put the money in a roth ira or a retiremen...   Mar 31 2008, 03:36 PM
Beanie Boy   How much? My hairdresser needs a car..... ...   Mar 31 2008, 04:32 PM
type11969   You have a hairdresser? That may be more immascula...   Mar 31 2008, 04:44 PM
Sleepin   Sell it to Ferg! He likes Miatas! :D   Mar 31 2008, 05:09 PM
degreeoff   Sell it! One less competitor @ AutoX's   Mar 31 2008, 05:35 PM
type11969   Wouldn't you rather it sit in a garage then fo...   Mar 31 2008, 06:06 PM
749142   dude i wouldnt store. because after it comes out o...   Mar 31 2008, 08:46 PM


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