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Take the money or keep the car

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Old 01-02-2010, 07:53 AM
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Default Take the money or keep the car

Here is the tough choice: Ship my beloved 2001 S4 that I have owned since 2001 out to Seattle from Indiana or take the $5,000 my dad has offered to keep it. Need some guidance from fellow forum owners. What do you think?

Option 1: Keep the Car

Pros
-Had it for eight years, love it
-Paid off, no car payment

Cons
-It has 105,000 miles and I have little money for large maintenance fixes
-Used to do maintenance myself (changed timing belt) but now have no garage or tools
-Gotta pay $1,000 or so to ship

Option 2: Sell to my Dad for $5,000

Pros
-Can put $5,000 toward lease or new car
-No worries on car breaking

Cons
-Will not be able to afford an equal or better car
-Whatever I get will suck in comparison (Honda Fit or something just as cheap)
Old 01-02-2010, 10:36 AM
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#1.
Old 01-02-2010, 12:47 PM
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#1.
Old 01-02-2010, 01:39 PM
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Damn, your dad's a hustler. Keep the car, let him buy a fit.
Old 01-02-2010, 06:00 PM
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Default 1!

Definitely number 1. 5K for your car, thats nuts. Your right, you'll not even be able to get a car of that caliber for 5K leasing or buying. I had to make that same choice, sort of, when the wife blew my engine in my 2001 Avant. Decided to keep it. Any other car that I could afford right now will not live up to the Audi. I dont feel like spending 30K for a Mazda or Subaru for a sporty wagon that will feel cheap inside.
Old 01-02-2010, 09:00 PM
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# 1
Just go to the dealers that sell the cars you are thinking of buying
and sit in them for 5 minutes.......
Case closed :-)
Old 01-02-2010, 10:16 PM
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I'd give you 10 for the s4. Yea, 5 does not even COME CLOSE to realistic price. Maybe if the car was missing the engine, tranny, and fuel tank, then it might go for 5.
Old 01-03-2010, 07:50 AM
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Why can't you drive it to Seattle?
Old 01-03-2010, 08:56 AM
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Ditto - Option 1.1

Drive it to Seattle.

2200 miles / 25mpg * $2.90 per gallon = $255

MATH - PRICELESS
Old 01-03-2010, 12:29 PM
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no doubt #1. anythong you get will certainly be a downgrade. your dad still has his fingers crossed that youll say yes to his deal. try to store it at his place till you can drive it to WA...take both keys


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