kevcol74
08-30-2009, 12:54 AM
Okay, many of you saw a post from me about my recently purchased Subaru Impreza 2.5 RS sedan. I'll spill the beans on my dilemna.
The father in law is giving me his truck to do with as I please, as long as I make money on it. I'm currently not working, but hope to be soon.Where, i don't know. The catch with his truck is that he was told by a mechanic that the engine is toast, not worth fixing. He doesn't want to deal with it anymore,although he really did love his truck. He bought a ne vehicle, and I am to take his truck tomorrow. Its a 97 GMC Sierra Ext Cab stepside with a Vortex 350 (loaded). Has 280,000kms, but looking at it you'd never know it. The body is mint, not a spek of rust anywhere, and I crawled under it today! Engine, may need replacement, may not. But does need repairs. Worst case I replace the engine for $500 plus misc parts. I get the truck for $500 including snow tires. Al slew of parts have been replaced on this truck, including the tranny being rebuilt, new master cylinder, brakes, brake lines, etc... So, on the road, likely $1500 MAX (put it in the wifes name as a giftfrom dad,no tax), and I'll recoup costs selling the cap (I hate caps). Or sell it for $3000?
So you are thinking, why would I want a gas guzzling truck? Well, its in great shape, it has some sentimental value to the father in law, and its cheap.
The Subaru.... well, its great.... AWD, plenty of power and 130K.... But I can get $6500-$7000 for it. Do the math, I'd be $5000 ahead selling the Subaru.
Economically, yes the Subaru makes more sense if I'm driving alot. But, $5000 in my account to keep us afloat and keeping from going anymore in the red is appealing.
Anyone have insight for me? Its nice to have unbiased opinions to help me step back and look at the situation more clearly....
The father in law is giving me his truck to do with as I please, as long as I make money on it. I'm currently not working, but hope to be soon.Where, i don't know. The catch with his truck is that he was told by a mechanic that the engine is toast, not worth fixing. He doesn't want to deal with it anymore,although he really did love his truck. He bought a ne vehicle, and I am to take his truck tomorrow. Its a 97 GMC Sierra Ext Cab stepside with a Vortex 350 (loaded). Has 280,000kms, but looking at it you'd never know it. The body is mint, not a spek of rust anywhere, and I crawled under it today! Engine, may need replacement, may not. But does need repairs. Worst case I replace the engine for $500 plus misc parts. I get the truck for $500 including snow tires. Al slew of parts have been replaced on this truck, including the tranny being rebuilt, new master cylinder, brakes, brake lines, etc... So, on the road, likely $1500 MAX (put it in the wifes name as a giftfrom dad,no tax), and I'll recoup costs selling the cap (I hate caps). Or sell it for $3000?
So you are thinking, why would I want a gas guzzling truck? Well, its in great shape, it has some sentimental value to the father in law, and its cheap.
The Subaru.... well, its great.... AWD, plenty of power and 130K.... But I can get $6500-$7000 for it. Do the math, I'd be $5000 ahead selling the Subaru.
Economically, yes the Subaru makes more sense if I'm driving alot. But, $5000 in my account to keep us afloat and keeping from going anymore in the red is appealing.
Anyone have insight for me? Its nice to have unbiased opinions to help me step back and look at the situation more clearly....