Sell or not?

[Lowfront]

Alright guys need some advice here. I'm going to be going away to college in the fall.

My parents are paying tuition etc, but I need to pay to live up there. So basically I'm going to be broke for the next 2 years straight. I'm hoping to save up 4 grand by the end of the summer to help pay for the place while I'm up there


All the while I have my yaris, I love my yaris with a passion and really can't imagine selling it, until now of course.

I have $9,500 left of payments on it. With 10,000miles on it.



Should I suck it up and work my ass of effecting my happiness and grades? And in 3 1/2 years have my car paid off. With maybe 40,000 miles on it.

Or sell it and get a piece of shit car for now? Make some money off it, no more car payment....

My rent is going to be $500 a month and the car is $273

I really can't pay that kind of money while doing school full time.



So what are your thoughts?

[graywolf_14]

were u at and why so high rent? I have 1500sq ft, 2 story,2bath, 3 bedroom for 567 a month. Just move in with some people and keep the yaris. Or shoot give plasma twice a week or something. Dont do that it sucks I had 2 for awhile when I was down on my luck. I have scars and sometimes they hurt. Um were are you going to be working?

[Lowfront]

Working some crap job prob up there at school making 8 bucks an hour.


Rent is so high because I live in MASS. Its 500 a month with 3 people.

[BMGYaris]

get some better idea of what you can actually sell it for first. You will probably not be getting enough to make it worht it. Also, i was looking at your numbers, if you have 4k when you starts school and first semester is 5 months long

It looks to me like just to pay rent food and for your car you will need to make 1500 bucks over christmas and make 175 bucks a week. Thats going to average out at like 20 hours a week probalby, depending on your wages up there. I work alot myself in college, and its possible, but it can also hurt you. And that is without paying for gas or any special meals, fun. I dont think its going to work out unless you can get some additional help from your parents. Perhaps they can hold your car and use it themselves for a year while you work just a little bit, but not as much as you would have to, in order to save up money and pay for it yourself later? Or have them pay some of your food?

just curious...why did you decide to buy a new 07 car?

[Lowfront]

Well when I bought the car I wasn't planning on going away for college. Now a year later I'm going for the better education. Have a very clear goal when I got the car I didn't at all.

I'm sure my rent will be able to help me out a bit for food and such.

[Lickitung]

Have you applied for financial aid, you might qualify for grant money to help you out.

[cleong]

Can you refinance the car on different loan terms (ie spread out the loan)

[punch]

ask your parents for $10,000 to pay for the car...

[eTiMaGo]

that's true... and who knows, they might have dropped in price, or have more options that you'd prefer... It's be a heartbreak to sell it for sure, but it might be worth it.

[jamal1984]

YEAH SELL THE CAR, get a bicycle you look cool with a bicycle in the college than a Yaris. :)

[TrancosRt]

I go to college, pay for a Yaris, and work Part time, and it's doable. All with a 3.67 GPA.

It's all up to you really: are you ready to work and study? If you are, go for it;otherwise, don't. It's not easy, but it's worth it. And in any case (even if you sell it) it looks really good on your resume if you work and study.

[Pars]

Screw school. Staring the rat race 1 year early (once you're done with College) isn't going do anything for your mental health in the long term. I'd take a year off (before starting College), get a tolerable job, work lots of hours and pay off Yaris before starting school.

You're going to want to start school with the least amount of loose ends as possible and the Yaris is one of them. Obviously, you need a car, since you're considering trading down to an older used car, but who's going to pay the repair work for the old car once it brakes down or will it be reliable enough to handle the commute? (more loose ends).

Also, taking a year off can be a bargaining chip. If the parents want you to start ASAP, perhaps they can handle the monthly while you're away to school.

[Lowfront]

Where should I start, autotrader, ebay, want ads?

What do I do about all the crap I put into it.

I have dropped it and put a amazing stereo in it. Worth around 2 grand new, $1,000 used.

Should I put the stock springs in it and take out the stereo? Or just try to sell it as is with a higher price?


What should I start the price at its got 11,000 miles on it. Only a a few unseen scratches underneath the front bumper. Sadan, Flint Mica, Power options, Tinted windows, alarm, car starter.

any ideas?

[Vervepipes]

you may be able to get mor eback if you take the aftermarket stuff out, sell the car and sell the aftermarket stuff separately if you go that route

[churp]

You have a very clear goal???....hate to say it but your goal must not be so clear if you're asking us! :iono:

Good luck with whatever you decide.

[static808]

financial aid is the key. even if you dont get grants (and you probably wont if your parents can afford your tuition, unless you guys do some tax fraud, but thats a whole other topic), school loans are pretty much the best loans you'll ever get. flexible/generous payoff schedules and pretty decent rates. shit, i've known people who used school loans just to play the stock market, with very impressive results in the late 90s (damn tech craze). if you dont wanna sell your soul for the next decade or two, then i suggest scrapping the car, living really close to campus, and just walk and/or shuttle it. if the college has a decent social scene, you wont really need you car anyways. my civic sat in a parking lot for 4 years during college, and this is in los angeles. there were enough rides going around for everyone, and most of the time we'd just be passed out at someone's dorm/college apt. in a city that is notorious for cars being an absolute necessity, i wasted 4 years worth of campus parking permits ($1650 total) for a car i didnt even drive...

--B

[Vervepipes]

The ultimate student vehicle! 400$/year to insure (for me), under 2K to buy used, reliable and easy on gas! I just bought a Yamaha Vino for my wife to go to and from work :) I even like to drive it myself, even though I know it's hard to look cool on one lol http://www.motorcycle.com/mo/mcyam/mcphotos/vino01.jpg

[Violin]

I drove some real crappy cars while I was in school.

If it were me, I'd part it out, sell it stock and get a $3,000 Corolla or Camry.

Once you graduate and get the cool job, you won't even notice the car payments in your budget.

[weaponrcamry]

I am in the same boat as you TrancosRT.. I am a full time college student, and work part time and average a 3.5GPA. I work Tues/Thurs/Fri and average about 20-24hrs a week. I have Saturday and Sunday off, so I use that as study days. My college is about 10 minutes away from me so I live with my parents, for now. It all depends on you just like Vervepipes said. Can you work and study?? Are you traveling long/short/walking distances?? If you want to sell the car I would get a bicycle, or motor scooter to travel, or make friends car pool or get a used car as Violin mentioned. You shouldn't be traveling to far unless visiting family or friends. That is pretty rare if you a far a way. Are you going to school full time or part time?? So what if you work and make $8.00 an hour? You gotta do whats best for you. But I wouldn't sit around and be broke just because I am making 8 bucks an hour. I rather make 8 bucks then be totally broke and have nothing..

[Pars]

It also depends on the type of course you're taking. When I was studying at a polytechnic institute toward an engineering degree, the guys in my class didn't even have time for a girlfriend, holding down a part-time job after 33hrs/week of lectures (not to mention the labs and assignments) would have been insanity.

[static808]

It also depends on the type of course you're taking. When I was studying at a polytechnic institute toward an engineering degree, the guys in my class didn't even have time for a girlfriend, holding down a part-time job after 33hrs/week of lectures (not to mention the labs and assignments) would have been insanity.

hahhaa, thats what buying old homework solutions and midterms are for!! without this, there was absolutely no way i could have gotten my EE degree while having a GF, partying every other night, AND getting an average of 10 hours of sleep per day. no matter your major, hitting up upperclassmen for hw solutions and midterms/finals is a must. even though professors change their materials a bit, it gives you a good idea of what to expect. as an engineer, there is simply no other way to have a good time and do well in school...

--B

ps: i admire ALL who work AND go to school. i myself could never do that. bravo...