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moxie
New User
Jul 12, 2008, 3:38 PM
Post #1 of 2
(1478 views)
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Hello I am not sure if this is the right forum to write this stuff, but here goes:
I am a kind of exchange student here in America. I bought a car when I came over here to study. I am pretty sure I made a huge mistake.
I bought an old Mustang for the fun of it. I just made the mistake by looking at it at night and not getting it to a mechanic before I bought it (where I am from you are almost "certain" cars work decently, because the government forces you to get your car checked every 4 year or something like that). But when I test-drove it it worked great.
It's a 1988 Ford Mustang v8 5.0 With automtic transmission(mustangs are quite rare in europe, so I got a bit carried away).
First I found out the powersteering was leaking, then it started dying on me now and then. Now it sometimes just won't start, though my mechanic says nothing is wrong with it.
Now I have just given up - I want to get rid of it, despite the money I spent repairing it and that it is actually working decently now(besides the not starting now and then thing).
The reason I am writing you guys is that I realise I made a mistake, a big one. But how can I end this and get a normal car in the least "painful/moneylosing" way?
(by the way: I bought the car for 4000dollars, which I realise now is probably WAY overpriced, but the guy who sold it to me sold it for his friend, and he said that he had claimed 8,500 dollars for it, but desperately needed the money now, thus the good price. And there were also a "for sale" sign in the back saying 8,500 - but maybe that was just a clever set up to fool me?!?)
info(from the guy that sold it to me): new engine, cam, intake, exhaust. Has a mileage of 37000(which is quite low - but I don't know if that goes to 0 when you put in a new engine?!?)
info(me): I had the Rack and Pinion changed.
What should I do to salvage this situation the best? (i'm all the way form Scandinavie, living on a student loan, so its some unfortunate money to lose if I can't get at least some money for the car)
Thank you very much, hope you got some advice
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Tom Greenleaf
Ultimate Carjunky
/ Moderator
Jul 13, 2008, 4:54 AM
Post #2 of 2
(1471 views)
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Hi,
Moved your post to a better spot.
I sympathize with your zeal to have a Mustang if not available so easily in Europe. Know that they are subject to hard use sometimes and hence can have some extra problems.
* Miles don't reset by swapping an engine. 1988 might return to zero at 100,000 miles.
? Have you made the final decision to sell it? Where are you? It matters as far as selling this car. Most folks will want to see it in person. Put a sign on it with price and info. Check valuations at www.kbb.com , www.edmunds.com , www.nadaguides.com and any others you can find for pricing.
* All is not lost as this should still command some $$ as they are popular.
* www.Craigslist.com is popular for cars around me in Boston area - free to advertize.
* Common state inspections are usually annual for safety and every other year for emissions. No real guarantee that it's a good car.
Again - are you sure you are done with it? You may want to get a professional opinion on finishing up what is still wrong with it to either keep it or perhaps get more money for it,
T
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