kc24688 wrote:I thought at the very least everything taken apart would be worth a few grand. I don't quite understand how you say it's worth a few hundred.
Divide the pieces into rebuildable and nonrebuildable.
For the rebuildable ones, start with the new, replacement cost. Cut that in half and then subtract the cost of a rebuild by an independent mechanic. By that point, you might be into negative numbers.
Remember that the nonrebuildable stuff is used and highly specialized. Therefore, the market is tiny. You won't sell it to somebody looking for used parts for his 15 year old 240. My guess is that you would get 10 or 20 cents on the dollar and that only after you found a buyer.
A clean, stock 240SX, with records that show it was maintained properly, would be a decent ride. I would pay far more for it than I would for this f-ed up mess. It's on CraigsList because the seller can't unload it anywhere else.
If it's at all possible, try to keep your G35. I gather it's paid for and it's far from worn out. I have sold cars, myself, and have never gotten what I thought they were worth.
$2,000 is not a huge debt. If it were ten times that, like some people's, you would be in trouble. The best way to cut it down is to live cheaply and send the savings to the credit card company. It's a rare person who doesn't have slack in his budget. Let your cell phone contract expire and cancel cable service. Even eating lunch out of a bag instead of a fast food joint will save you $100 a month. Before buying something, ask yourself if it's absolutely necessary and, if it is, whether you can find something cheaper that is good enough to get by. Tell your friends and family that, until you get out of debt, the most they will get for Christmas or birthday is a card. If you make the effort, I'll bet you can kill your credit card debt in a year and still have your G35 when you graduate. Then, instead of leasing a BMW or an Audi, keep the G35 and put the payments into your IRA. That way, when you get to be an old fart like me, you will be able to afford whatever you want.
