View Single Post
Old 07-03-2023, 10:04 PM   #9
AcampoDave
Registered User
 
AcampoDave's Avatar
 
Join Date: Feb 2013
Location: central California
Posts: 2,730
Re: 61' Worth Keeping?

So many variables....money, space, time, family, and of course the will to do it. Years ago I would have said keep it. Now with things being the way they are, ...inflation, price of fuel and parts, liability insurance, registration etc...it can make having two seem pretty extravagant . As for if it's worth it financially?....if you did the minimum to get it running to sell, then sold it, and put the cash into a money market CD type savings account (which are reaching 5 percent now) you'd probably be money ahead in the end. If you had outstanding debt, which runs at a much higher percentage than 5,...well then, I say take the money and pay that down instead because debt interest payments are like leaches on your paycheck.

Last edited by AcampoDave; 07-03-2023 at 10:27 PM.
AcampoDave is offline   Reply With Quote