So I have had the car coming up on 5 years now, and every year that goes by I drive her less and less. The car will be completely paid off after the next four payments.

My dilemma is that she has truly become the definition of a garage queen. The first three years I had her, I put about 30k miles on, and in the last two years it has been a total of 6k miles. I would drive her to work, but all I do is sit in stop and go traffic for 30 miles each way which is pointless ( better suited for the Corolla, which now has 15k miles on it since new last August ). I used to at least drive her down the shore in the summer in the past, but since the wifey and I got our dog in December, those trips have been relegated to her Subie.

The car is mint, has 44k miles on her with a brand new inspection and Honda battery put in in June. I have had multiple offers from $17k to $18.5k to take her off my hands. My thought is to take the cash, invest and in three years my $18k is say $24k which would make a nice down payment on a new toy.

I'm completely torn. Any thoughts on it would be appreciated. Thanks.

 

I'd say keep it. an '02 with only 44k is nice.

I have the same year/color and mine has almost 98k on it.

Once it is paid off, just hold on to what would have been the money for the payment and save up for something fun. Or take a nice vacation.

Save it for those nice early fall drives, taking back curvy roads, watching the leaves change colors, with the top down of course

 

Im sorry to say but from your tone youve lost interest in the S,its O.K. Let go! Youve had your fun, You feel a bit of grief, knowing the S is still a great car , but just not right for you now... The S will eventually be this for every owner on this site, sooner or later. Some sooner, Hopefully for me later(even with my side keyed).
Dr. Phil

 

It is fine to get rid of your car if it no longer suits your needs.

However keep a few things in mind. You took 5 years to pay off your car, go back and look at your monthly statements and add them up, I bet you paid ALOT more then you expected for your car.

Now selling it for 18k, and hoping to get over 10% return a year to have it grow to 24k, just to use it to buy another car that will cost you more than you want it to.

This only makes sense if the car you are getting is just as fun to drive (reason you want to keep the S I assume, as well as possibly for the convertible roof) and can still hold your dog (I am going to assume you have a well traveled k9 that you'd want to put it in a nicer newer car, mine never liked the drive).

Or you can keep a fully paid off car, and use the extra dollars a month the new car would cost to put your dog in a top of the line doggy hotel when you want to go on trips to the shore (or have a friend watch it for much less). Even car payments of just $100/month will give you $1200 a year in which to have your dog pampered while you relax at the beach.

Not trying to persuade you either way, but if you like the S, and don't need your dog at the shore, then there are better options financially.

 

I decided I am keeping mine forever... I am to vested (not INVESTED) Hopefully Adam will get to drive a classic Honda sports car in oh about 40 years.

 

Keep them coming. It's nice to see both sides.

At this point, I honestly think I would regret letting her go. Plus I have to now factor in the conversation with wifey that we would have to re-evaluate how practical it would be for me to get another toy in a couple years if I let the S go now ( with the possible addition of a kid to the family around when I would want to pick up say an M3/CaymanS etc... ).

 

I thought about dumping it a few months ago, but decided to invest a little money in it to keep it fresh. I'll probably keep it until the wheels fall off.

 

Sell it.

But seriously, the thing is just about paid for AND practically like brand new.

 

38 posts in 5 years. Use it less than 3,000 miles per year.






Sell it.

 

The number of posts on the site has absolutely nothing to do with the love i have/had for this car. I used to drive it all the time as it was my daily driver for three years. Unfortunately or fortunately in my case, life takes you different places.

1. Amazing job opportunity two years ago which forces me to travel quite a bit in Delaware, Maryland, and Virginia ( and sitting in the S for 6-8 hours at a time isn't the most fun, beside my nightmare commute to Princeton. ) Not to mention that most age 50+ Financial Advisors don't have the easiest time in the world getting in and out of the car, let alone a place to put your suit jacket and materials.

2. Outside of work, I just don't have the time that I used to, to be able to just get in the car and disappear for a couple hours. With the addition of a new house and everything that goes along with it, the marriage to a soon to be doctor who is absent from things due to her schedule, and being pulled in every other direction.

3. With that being said, I wish that I did have the chance to enjoy the car more, and drive her like she deserves. The last two years just haven't been a good fit.

4. So here I am, with a mint condition, just about free and clear S that has been relegated to the garage ( not by choice ). I just don't know what to do. Obviously I don't want to sell her or I wouldn't be so torn, but on the other side why hold onto a car that barely gets driven.