YoungGunLs1

Hey guys,

Well here is the situation, I decided to head to Australia for a semester of college in February until July to study abroad being I figured it is a one in a life time experience, however I still owe about $3k on my car. While I am gone I will not be able to work, and of course when I return, will only will have 2 months of summer to have a full time job before I head back to school full time. I kind of got myself into this rut here and am thinking of listing the T/A for sale while I am in Australia and if it sells before I come back then I will buy a different car, if it doesn't sell I will just keep it.

So I figured that I would not be happy giving up the LS1 and I still needed a car that was decently fast and with lower mileage. I know I can get a LT1 Camaro with 70k miles or less for about $6-7K in great shape, leaving me cash in my pocket after selling mine etc...

I guess I just want to know what you guys think, I really hate oweing money on anything and I could use the money for school, emergencies, and spending money etc.. so do you think it is worth giving up my baby and downgrading to a stock or near stock LT1?? (a modded car is not an option being I need a lower mileage car that is going to be dependable etc..) I have owned a 94 Z28 in the past so I know what they are like etc.. but I guess I just want to know what others think. I figure I could get a 98 or 99 Z28 with less than 75k miles on it for a decent price as well, but I am looking to spend around 7k at the most so that is why I am thinking LT1..

If not an LT1, what else would you guys sugest I could get that is dependable, with less than 70k miles and all around would be a good car for less than $7k?

Speed Density

iTrader: (38)

Do it!

Tony.

WS6NIGHTMARE

iTrader: (7)

I wouldnt do the downgrade, but you can pick up LS1's for about that price, usually not 100% perfect, and they usually have higher mileage, but itll still look good and have the ability for driving around.

Magnet

iTrader: (36)

yea you can pick up ls1's cheap nowadays..just look around alittle

BrandonDrecksage

iTrader: (1)

keep it. Maybe talk to the people who gave you the loan, they should be able to work something out for you.

Revelation Z28

iTrader: (10)

10k+ for an SS isnt cheap. the LS1 Z28's around here are 7k cheepest. when they are around 4-5k for the LS1 z then im gonna get one. but if i find an SS or WS.6 for 6-8k then that will be mine.

krazyglu

good advice, most banks would rather keep you on as a customer and just extend your loan by a few months, and acrue the interest of course, and still get their money, then just let it go, esp. if you have always made your payments on time

otherwise you just have to choose your priorities, i just gave up my ls1 for an ls4, not as fast, but i needed a more practical car, and there will be plenty of ls1's to buy when you get back

YoungGunLs1

Oh, I can extend the loan as much as I want, I actually already did one year and they told me if I wanted one more year after this year is up I can extend it again. It's not that I can'e EVENTUALLY pay the car off, I just figured it would be better to have the extra money in savings/mypocket/for emergencies, than have that money always going to pay for my car etc..

BuBbABFP

iTrader: (3)

Then keep your T/A man!!

y2k_ta

iTrader: (80)

To me, it sounds as if you really would like the keep the car. If the bank is willing to work with you, then I'd keep the car. Mortgages & car loans are just a part of life for most of us....just don't get in over your head in debt and you'll be fine.

Remember that you know the history of your car. Selling it and buying another means you're probably buying a car that you don't know the history of....

If it were me, I'd keep the 'bird & enjoy your overseas education. You'll have something to look forward to while in Austrailia....driving your 'bird when you return to the USA.

YoungGunLs1

Ya, I really want to keep it, but if in the end I have to give it up an LT1 might have to take its place....

carado1984

Heres what i do.. Buy car first, fall in love with it, then do anything possible to keep it.. 5.0s are cheap. but you cant get rid of the ls1. its unholy!

Finite1

iTrader: (3)

Why would you want to downgrade?


you only owe 3k, cant you just use student loan or somthing to finish paying that off.


I'd never downgrade to an LT1. why even buy another f-body.. you'd probably pay more in the long run in depreciation and maintenance.

Finite1

iTrader: (3)

+ with all the fees associated with selling/buying cars, taxes, registrations, etc.. if its from a dealership it'll be even worse.

sell the LS1 and get an economy car that REAL reliable. but dont downgrade.. thats suicide. thats like going upside down.

02NHRAtransAm

iTrader: (17)

keep it man... u dont want too down grade, the lt1's just arent the same (no offense to anyone) i've had plenty of both (3 ls1 cars / 2lt1 cars)
just my two cents

CJDZ24_Z28

iTrader: (75)

You might be happy for minute but dont do it. I have owned 3 LS1 cars have 2 now and 5 LT1 cars. LT1s have stood the test of time but LS1's are the way to go. I just picked up a b4c Camaro for $5000 with 116k miles mint interior and only a few scratches on the paint. I will post pics. I have seen nice ls1s around for cheap. gl

Syn

Ask yourself, is it really worth the hassle? Just get your loan extended and finish paying it off later. If you only owe $3000, you can pay it off rather quickly even with a crappy-paying job. If you don't want a car payment then just wait until you're older--you will almost always have a car payment. So suck it up and finish paying off what you already have

Ironxcross

iTrader: (8)

Just keep the car man! It's way to much work to sell it and downgrade. I'd kill for your car, lol.

jeep0084

iTrader: (18)

like what finite1 said, maybe next semester just request a little more for your student loans and pay off the car, im sure an extra $3000 wont even be noticible when you look at your school loans