To sell, To part, To keep?
Joined: Oct 2003
Posts: 11,576
Likes: 27
From: Morristown, TN (east of Knoxville)
I would suggest you not part teh car out. It is time and space consuming, and you won't get rich off it, either. You can make just a much or more selling the whole car blown. There is a large market for people wanting to buy FD's with blown engines. Put a price on it and put it for sale. Doesnt sound like youre in a position to repair it.
I'm semi local to you and can do my best to help you get her running again as inexpensively as possible. IF you could manage to pull your engine yourself and ship it to me, I can probably do it for <$2000. IF that's an unrealistic sum for you, then you best unload it right now...that's as dirt cheap as it gets most of the time.
I'm semi local to you and can do my best to help you get her running again as inexpensively as possible. IF you could manage to pull your engine yourself and ship it to me, I can probably do it for <$2000. IF that's an unrealistic sum for you, then you best unload it right now...that's as dirt cheap as it gets most of the time.
Joined: Oct 2003
Posts: 11,576
Likes: 27
From: Morristown, TN (east of Knoxville)
Oh, and as for my point of view, I agree strongly with the others not to go into debt for a car. My personal rule of thumb is that if I cannot buy it with cash in hand, then I do not need it. I saved up cash and bought my s-10 lowrider, saved up cash and bought my FD, saved up more cash to restore and mod the body of the FD, and saved up more to buy my denali and it's stereo system. I'm 27 and all I owe on is my house. About 5 years ago I owed more in assorted loans and CC debt than I brought in on paper per month. I would never go back.
I got out of that mess by paying off the smallest debt I had, taking the money that would have been applied to that payment monthly, and applying it to the next smallest debt in addition to it's standard monthly payment. I sold some things that I could live without, lived poor for a little while. After a couple of years I had it beat and only owed a couple of larger loans...after the first few fall, it frees up a lot of your monthly income to take care of the rest, so it gets easier as you go.
I got out of that mess by paying off the smallest debt I had, taking the money that would have been applied to that payment monthly, and applying it to the next smallest debt in addition to it's standard monthly payment. I sold some things that I could live without, lived poor for a little while. After a couple of years I had it beat and only owed a couple of larger loans...after the first few fall, it frees up a lot of your monthly income to take care of the rest, so it gets easier as you go.
Save up the $1300-$1600 for a full rebuilt kit (if even that) and rebuild it yourself, is not hard actually. Then sell the car and get some of your money back. Is better to loose $2000 or less than $6000. Park it, cut the insurance and save up. Is there are a few thing that you can sell out of it then do it to get some cash. But what ever you do don't use credit for it.
My rule is if I can't buy it with 2 paychecks then I don't. Except for a house, but generally including cars. Good thing I make decent money. If you don't really really need a car that runs so you can get to work etc., I would recommend keeping your car since you have so much into it right now. Rebuild the motor yourself or send it to rotary resurrection or something and do the removal and reinstallation yourself. If you are in absoloute need of a car get your parents to buy you a cheap beater for like 1000$ or something and save up your money. Of course if you are in a situation where you live on your own and barely make enough to pay the rent and bills and barely scrapping by and there isn't a good chance of getting the money to fix the car within the next 6 months - 1 year then you should probably sell, good rolling chassis's alone can go for over 6,000. I would come buy the chassis for 6,000 if its in good shape if you live in California.
I vote to park it, stop insurance, buy a beater car for like $500 dollars. Drive that till you have some money for a rebuild. If you need some quick cash, sell some of your aftermarket stuff. Don't forget to run the engine once in awhile too, or your engine will rust from the coolant(making a rebuild cost alot more from having to buy housings and such).
Joined: Oct 2003
Posts: 11,576
Likes: 27
From: Morristown, TN (east of Knoxville)
Yes, if you are going to store the engine a while before it's teardown, please inject some oil or atf generously into both plugholes, to prevent further damage from rust, corrosion, or sticking seals.
If you are considering fixing the motor then selling please research the market so you dont make the wrong decision. Do Not I repeat do not compare prices with autotrader. Most of those cars have been on there for years at a time. If you car is a 5 speed twin car with more than 100k on it even in mint condition it is only going to bring 10-13k depending on mods and overall condition. You can usually get 7-8k for a blown fd. For some reason people with fds think they have this all mighty collectors car that will never decrease in value and will be worth so much because of the rotary. Then come to find out someone could buy a c5 for what they are asking for their fd. This car has fallen into a niche market, And it appears the supply is outnumbering the demand. I say sell it now and avoid the headache. Lecture over
How the hell did you take out a loan to fix the car, but the car isn't fixed. Or am I confusing that with the money you spent on upgrades. Hell just sell the upgrades and buy or rebuild the damn engine, problem solved.
The money I first spent was for the upgrades. 2 weeks after 5 grand was put down for upgrades, it died. So the car has $5000 worth of brand new upgrades, new 18 inch wheels and new tires, and rebuilt turbos. How much should I be able to get for it whole? Oh yeah its gay, auto and pink. I think I have decided to pay off everything, and then buy a civic to get me around and to college. I woud rebuild the engine but I dont think it will last real long driving to college and stuff all the time.
To tell you the truth you won't really get much for it, not anywhere near what it is really worth because it's blown. Unless he/she is an enthusiast like us, they are going to look at it and be scared. I've seen a black rx-7 94 manual, guy just spent all the money for a single and one not, parts never used, blown engine and he couldn't even get 6,000 for it, finally he just parted it out as a loss. Another guy with a red showcar full body kit chrome everywhere same story. On top of that, honestly, the automatic is going to be even more of an obstacle to sell. The market for turbos in anything is in manual transmissions.
Just sell your rims that should be good for at least a couple grand, and take rotary resurrections offer you can't go wrong.
Just sell your rims that should be good for at least a couple grand, and take rotary resurrections offer you can't go wrong.
It took me quite awhile to sell my 93 ssm auto with only 58k on the clock and 1200 on the motor. I was only asking 12k!!!! If you are seriously considering selling it let me know. I actually dont understand the hatred towards the autos. I enjoyed mine when I had it. Performance wise it isnt as fun but it is ideal for daily driving. You can still easily stomp most cars on the road. Good luck either way.
David Jerome
David Jerome







