I fucked up again, what's new. I took out a loan to fix my car, parents found out and got real pissed. Well lets just say that loan is now gone, it is no more and I am stuck with a car that doesn't run and no money. I have spent almost $14,000 on the car and it doesn't even run. My question is what the hell do I do? The coolant seals are gone, so the car needs a rebuild. How much could I sell the car whole for(mods below) and how much do you think I could get parting it? Or should I just keep it and somehow fix it even if it takes a year or two? I am so stressed out about this. If I sell the car I could be losing $6,000! My parents say it is just money and it is your fault. I know this but thats a lot of money to just waste.

 

If your parents are the ones saying "it is just money" then get rid of it for parts. Doesn't sound like you or they are going to be that stressed over a $6K loss

 

It stresses me like hell to see 6K go down the drain, or mostly my hard earned money.

 

dont ruin your credit, if keeping the car means not being able to pay off that loan cause you are trying to fix the car, then **** the car..

im assuming you are young cause you live with rents, i would sell the car, pay off any debt you have, then when you are READY, get the fd again..

 

I would keep it and who cares how long it takes to fix it. Think long term. Your alredy in it this deep so dont blow it, you will kick yourself later.

 

Dude! And you were talking about going single before??? Ouch. If you want to avoid losing money then you have no choice but to keep it and pay off the loan and get a serious job that will pay that loan off without falling behind.

 

Well the loan was going to get me the stuff for the single.

 

read a book... do the rebuild yourself...save the car!
youll have a much better appreciation for it after

 

That's the stupidest thing I've ever heard! It's bad enough to put yourself in more debt, but to use the money to buy stuff you don't even need! WTF? Just keep the car and save money to rebuild the engine first.

 

^

$14k for **** you don't need is just a very bad idea.

 

Wait...are you 14k in debt? If you are, SELL THE CAR! (or part out)

 

OUCH!!!

*praises the lord im paying cash for my one*

Only you can decide what to do... the people here can only tell you the dollar values of your parts... however you should seriously consider getting it working again... it's worth a lot more working than in parts... perhaps if YOU fix it.. then MAYBE you can pay back the loan with no hardship

 

I had already spent 14K, that is done. I took a loan out for 8K to fix the car. My parents took the loan themselves so now I don't get any money, they are paying it back. But I have a car that doesn't run and no money. I have nothig else to drive.

 

If your parents made you 'give back' the loan you took out, you need to reconsider owning the FD. If you can't make the financial decisions about your own car, it's time to go buy something cheap and reliable.

Sorry, but it's just another case of being too young to own an FD.

 

I'll buy it! Well, maybe not. But in my opinion (aligned with the opinion of some others here), you probably should sell the car and recover your losses. You could sell it without some of the parts that you have, save the parts, and then get another FD when you have the time and money and, um, maybe aren't living with mom and dad anymore.

 

Sounds like you're biting off more than you can chew. Get the car running as-is before going single turbo or doing other massive upgrades... maybe sell some of the mods you have and replace with used stock parts and get a properly running car that you can either sell for better money, or upgrade incrementally when you have the money.

 

I view owning the FD just the same way as my track only race car. If you can't afford to walk away from it cleanly, then you shouldn't have it in the first place. Going into serious debt for an FD just isn't worth it; especially when you're young!
Sounds like you're already in the hole for serious $$$, so just get the car running on for the minimum cost to drive or sell. When you have the money in pocket, go for the upgrades. Don't try doing it all at once. It will just cost you more money...

 

just roll it off a cliff and claim it to ur insurance ( u have full coverage right??, if not dont do it)

jk man well its pretty obvious u cant keep the car, ur best best would just have to part it out. sry

mike

 

He just needs a friendly rotary mechanic and a few beers

 

why wont u just get a JDM motor for the mean time... It's alot cheaper..
Get it running and when you have enough money, then rebuilt your blown motor..

 

Take some advice from someone who is a little older and has been in your situation before. Sell the car!!! either in pieces or as a whole. Try to get the best you can for it, and move on. Buy a reliable inexpensive daily driver. Down the road you will be able to buy another one. One which will probably be in much better shape. And, more importantly one you will be able to afford and enjoy.

 

I am up in NJ and may be persuaded to do the motor for you. Get in touch with me on aol IM.

 

Um, no. Those JDM motors are usually too good to be true. Go with a proven commodity.

Rich

 

Sell your car!! You were born in 1986... Go to school get a degree then get a better paying job then maybe you can buy another one. There are more important thinmgs in life than a car! Now go buy a Scion brand new for 15K and be done. Credit card debt is something you don't want to mess with. I have a strange feeling that half of the members here are ears deep in debt....

I'm 27 and I only have a couple hundred bucks after I pay all my bills at the end of the month and that's for beer and the pot for my car. It has been down for months now, but I'm not willing to go into credit card debt.

 

I am! $11,883 and counting.