Reality finally set in,,,,.

[SkapeGote]

Yeah,,,. There's a very good, almost definite possibility that we won't be getting a Mustang after all,,. You know that old scenario of the Devil on one shoulder and the Angel on the other? Well, in this case it was Desire on one side vs. Reason on the other.

This Mustang was supposed to be a retirement or "Last Fling" send off for us. But now that cooler heads are prevailing, spending almost $40,000.00 for a toy really doesn't make financial sense when you're heading for a fixed income in retirement. And it's not that we 'need' a new car. The three vehicles we have are all in perfect condition and are all paid for. We're basically debt free and are trying to keep a decent amount squirreled away for unforeseen future problems. (that always seem to pop up when you least expect them.)

So,,, with all that said, I'll continue to visit this forum and experience the thrill of the new Mustang, through all of your threads and posts! Enjoy that fantastic car!

I am so sorry to hear that. I can't get one either. I will tell you this much though, seeing all these guys with theirs makes me happy. Should star a crowd fund for Mustang wanters without the financial means. We can call it "Pony Up" lol.

Skape.

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[JimmyTwoTimes]

Over the years, I've learned that if you ever have the slightest uncertainty whether you should move forward with any financial project, you should back away. That uncertain feeling is your common sense trying to get passed the desire, knowing full well that it's not the right thing to do.

>blink<

Really? That's... not at all true. Every financial decision involves some trepidation and risk; if you don't take risks, you can't be rewarded. I thought long and hard about whether to take on six figures of debt to get an education; when I decided to go for it, I had a lot of uncertainty as to whether it was the right decision. But it worked out for me in the end, even if I do still have to make student loan payments into my 40's.

Any investment you make or life choice you're going to make involves uncertainty and doubt. Should I take that new job? Should I have that kid? Should I buy stock in that company? You're always going to have uncertainty as to what the proper course of action is in anything; that doesn't mean you should sit there and never make any decisions ever about anything.

 

[JimmyTwoTimes]

Yeah... I dont overthink things, wanted a Mustang bought a Mustang. I dont happen to believe all that cause and effect stuff though and over analyzing. I think the world is just energy, that the physical and material is fake, and that you shape your reality by your perceptions. I never worry and enjoy every minute, and the world gives me nothing to worry about. Heh thats probably way out of the stratosphere for most of you, but yeah I believe that.

It's a pretty standard Greek skeptic philosophy. Of course, if you hold true to that philosophy, you might as well just get yourself a McLaren...

 

[Max57]

>blink<

Really? That's... not at all true. Every financial decision involves some trepidation and risk; if you don't take risks, you can't be rewarded. I thought long and hard about whether to take on six figures of debt to get an education; when I decided to go for it, I had a lot of uncertainty as to whether it was the right decision. But it worked out for me in the end, even if I do still have to make student loan payments into my 40's.

Any investment you make or life choice you're going to make involves uncertainty and doubt. Should I take that new job? Should I have that kid? Should I buy stock in that company? You're always going to have uncertainty as to what the proper course of action is in anything; that doesn't mean you should sit there and never make any decisions ever about anything.

Jimmy,

I agree with all of the topics you listed (education, job, children, stock). But my decision to buy a new car when I really don't need one, is a completely different priority level as I see it. I have three cars at home (not counting the 57 Chevy) which are all in perfect condition and paid for. You also have to remember, my wife and I are entering a time of life when we'll be on a fixed income. And as I'm sure you realize, life has a very sneaky way of throwing unforeseen and unexpected road-blocks in your way that can add up to quite a sum! An extra 30 to 40,000.00 in the bank can come in quite handy to deal with those times.

And don't get me wrong, I really do appreciate all of the comments and suggestions in trying to justify getting the new Mustang. I really do. But that little voice on my right shoulder is still saying, it's not a practical or responsible decision,,,.

So for all you car nuts out there,,,,
ENJOY YOUR MUSTANG'S!! :cheers:

I'll be reading the forum from time to time and enjoying all of your experiences!

 

[69mach1-395]

^Well do you really need 3 cars beyond your toy? Maybe sell 2 and get a stang...downsizing for retirement.

 

[Khyber]

^Well do you really need 3 cars beyond your toy? Maybe sell 2 and get a stang...downsizing for retirement.

that's what i was thinking lol...seems like a reason to get rid of some.

 

[Max57]

^Well do you really need 3 cars beyond your toy? Maybe sell 2 and get a stang...downsizing for retirement.

that's what i was thinking lol...seems like a reason to get rid of some.

Your thoughts are a reasonable solution, in most cases. And if the two cars that I'd sell were worth more, I'd probably go for it! How-ever, one car is an 08 Subaru Forester, which "might" only allow me $8,000.00 on a trade. And the other is a 97 Honda DelSol, which I might get $4,000.00 on the high end,, maybe. That still leaves quite a bit that I'd have to make up the difference.

You folks live your financial life the way you want. Spend all your money...live day to day...or close to it...something in "life" happens" money is needed and??? You can't handle it. Max57 is leading his life with wisdom and caution and it's his choice no matter if he has 10 cars paid for in the "barn" somewhere.

We all have choices. Accept and respect Max57's. He's not wrong!! If he's happy in life...what's everyone's problem?? True, a truck might run over you tomorrow...then you don't have to worry about your debt....but, your family does.

Some people "roll the dice" on spending...other's are smart and spend what they can afford and stick to a plan and a budget. It's the difference...many times...between folks that are in their 60's vs those in their 20' to 40's. Life teaches lessons.

Colorado. Thanks for your support and seeing the logic that I'm desperately trying to follow, lol. ;)

 

[69mach1-395]

Not trying to be the devil on your shoulder (heh, heh, heh), but trade in value will be less than selling on your own. Then there's the cost of maintenance and insurance that come into play also. Only you can work out the math for your situation.
I think if you have really decided you would have this thread closed rather than continue to entertain the peanut gallery, me included.
Good luck which ever way you go.

 

[Max57]

Not trying to be the devil on your shoulder (heh, heh, heh), but trade in value will be less than selling on your own. Then there's the cost of maintenance and insurance that come into play also. Only you can work out the math for your situation.
I think if you have really decided you would have this thread closed rather than continue to entertain the peanut gallery, me included.
Good luck which ever way you go.

Oh go on and admit it. You love being the Devil on the shoulder, lol. :gossip:

Not really interested in going through the hassle of selling on my own. I'd have to do that any way with the 97 Honda and the thought of trying to sell 2 cars doesn't thrill me. And thanks for wishing Good Luck!

You do make a good point as per closing this thread. It clearly has run it's course. :amen:

Have fun everyone. Seeya,,,.

Moderator!!! Please feel free to close!

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