I might have to sell my Si :banghead:

***GalaxyGreySi*** · 03-12-2007, 02:53 AM

Well, some of you here know that I am attending NMSU in the fall... well, I took a good hard look at my financial situation, and I might have to let my baby go... I LOVE her to death, and I love being a part of the 8th civic community, but, seeing as how she costs me $401 per month in payments + $128 in insurance, I might have to sell her, since I will be a student again, and although I COULD work like 25 hours a week, I don't really want to. I want to enjoy the college life, and besides, I need time to study and do homework. I do have a couple options... I have about $12,000 in my savings account (emigrantdirect.com FTW, baby), and I could pay that into the loan and refinance, but, it would probably only drop my loan payment amount by $200 or so. Plus, my interest rate would go up. I got an excellent deal through honda financial, and I only pay like 1.3% interest (not sure about the exact amount, but it's pretty low). My savings account pays 5.05% interest, so that's why I haven't paid more toward the loan. UGH I am TORN UP about this. What would you guys do? Currently, I am thinking I will just sell the Si and buy a nice '96-00 civic sedan or hatchback, and enjoy no car payment, + low liability only insurance. Someone, stop me please.

06Fg2 · 03-12-2007, 02:59 AM

If you HAVE to do it, then that's what you have to do. An education should always come first. I would say, try every single option before selling.

reaper702 · 03-12-2007, 03:01 AM

idk man, sucks being a fulltime college student and working AND having bills... i know this first hand. i say do what's best your your edumacation first. i work 25hrs/week too and it is not too difficult to manage.

***GalaxyGreySi*** · 03-12-2007, 03:10 AM

That is my reasoning. I am afraid that if I have to work like 25 hrs+ then my grades will suffer... I will absolutely freakin' shoot myself in the head if I get a C in a class. I'm not the suicidal/depressive type, but seriously, one time I got a C on a math midterm and had a good 10 minute cry in my Si. Maybe that makes me a pussy (I don't really care), but I just feel like a total failure if I don't perform well in a class. How many others here are in school with a civic payment?

mfinlay04 · 03-12-2007, 03:15 AM

I work 20-30 hrs a week when I'm in school and make's dean list. But I started college when I was a Jr. in HS so I guess I'm one of those kids... but hey man do what you gotta do. School and Education should be your Number 1!!! Your civic isn't going to put a roof over your head and food on the table

***GalaxyGreySi*** · 03-12-2007, 03:41 AM

^you are right. Selling. I think I will ask $19,800. Flawless body and interior, factory Nav, 17,800 miles, HFP rims. Not gonna sell it on here though... autotrader most likely, and not for 3 months or so...

**dentrecords** · 03-12-2007, 03:42 AM

Tell you what... if you sell it, and graduate, you can get a job paying wayyyy more and get yourself a brand new Si, fully decked when it's all said and done with. Then again, you may take a hit in your resale value, and certain things like taxes are always lost.. if you've really crunched the numbers and it's simply impossible, you know what you have to do... as sad as it is.

MBK · 03-12-2007, 11:02 AM

makes sense to do it and enjoy your college life

Civic4u · 03-12-2007, 11:10 AM

If I could be a full-time student and work a full-time job. Enjoyed the parties life w/ fraternities and friends. You could do it. My car payment around 450, so don't cry....

If you a lazy person. That can't handle the pressure and stress. Take the easy way. Sale your car.....etc...etc.

thoughtshewas18 · 03-12-2007, 11:21 AM

Cars are probably the worst invesment you can make so I think you have other things that should come first before a nice car payment.

Jester FPS · 03-12-2007, 11:40 AM

If you can handle it, keep the ride and work and go to school, that's my current situation but I do see what you mean about the lowered performance in school (i'm tired as hell and have to go to a class right now).

But, you do have a great interest rate on your car and when you decide to buy a house in the future or get a loan, you'll have solidified your credit roots through the auto loan. Nothing looks better than an auto loan paid off on time.

Hankey723 · 03-12-2007, 11:51 AM

Thats why I plan on finishing school before I buy my evo...

Nighthawk07 · 03-12-2007, 12:54 PM

I'm working 30 hours a week and going to school, only 3 classes this semester though. Anyways, I'm handling it well, besides my physics class.

19'switHid's · 03-13-2007, 03:33 AM

lets all brag about how much we work and go to school at the same time!

OR NOT?

**Yodums** · 03-13-2007, 07:31 AM

Sell the car, focus on education and it'll pay off in the future. I'm a student as well and purchasing the Si was just not an option for me, especially when you've got to factor in your annual tuition costs.

Anyways, do the right thing!

**jrMartinez24** · 03-13-2007, 07:47 AM

Don't do it...lol. nah just do what u have 2 do. If u can't afford it bc of school n all then I say sell it

. Good luck

Quantum · 03-13-2007, 09:59 AM

Ditch the Si, you'll have plenty of money and time to get another one, or something even better, in just a few years. I had to work through college to pay for tuition and living expenses and it really burned me out.

edciv · 03-13-2007, 10:16 AM

this is my third year of college first year with a car payment, worst year grade wise.. i bought my car last july while working part time and getting paid trash. they promoted me twice and made me full time (32 hours a week) so i make a half way decent pay check.. the problem is i go to school 4 days a week (15 credits)and i work 5 days a week. when i'm not working i'm at school, when i'm not at school i'm working.. i have little time to get any school work done.. hell i'm on spring break now and i'm working more than doing all the school work that i have to do.. i have to pay for too many things so i can't see not working to enjoy the "college life." that's just how it is, i've been working since i was 14.. i'll be working till i'm 50, i just accepted it.. good luck with your decision..

Kakashi · 03-13-2007, 10:17 AM

Let me tell you something from what I did in highschool.

School from 7-4. work from 5-10, homework from 11 till 2 am. Repeat.

Notice those 1 hour gaps?

Yeah, that was time spent cruising around in my old Lude.

I look back now, and I don't regret a moment of it.

Sides, friends can wait till the weekend.

keep the Si, just pay it off asap.

new06Civic · 03-13-2007, 10:27 AM

Ditch the Si and enjoy the college! Your next Si is waiting for you after college.

03-12-2007, 02:53 AM	#1 (permalink)
*GalaxyGreySi* 280whp, 219tq, GReddy FTW Join Date: May 2006 Location: Albuquerque, NM Age: 24 Posts: 4,123 Phil iTrader: 1 / 100%	I might have to sell my Si :banghead: Well, some of you here know that I am attending NMSU in the fall... well, I took a good hard look at my financial situation, and I might have to let my baby go... I LOVE her to death, and I love being a part of the 8th civic community, but, seeing as how she costs me $401 per month in payments + $128 in insurance, I might have to sell her, since I will be a student again, and although I COULD work like 25 hours a week, I don't really want to. I want to enjoy the college life, and besides, I need time to study and do homework. I do have a couple options... I have about $12,000 in my savings account (emigrantdirect.com FTW, baby), and I could pay that into the loan and refinance, but, it would probably only drop my loan payment amount by $200 or so. Plus, my interest rate would go up. I got an excellent deal through honda financial, and I only pay like 1.3% interest (not sure about the exact amount, but it's pretty low). My savings account pays 5.05% interest, so that's why I haven't paid more toward the loan. UGH I am TORN UP about this. What would you guys do? Currently, I am thinking I will just sell the Si and buy a nice '96-00 civic sedan or hatchback, and enjoy no car payment, + low liability only insurance. Someone, stop me please.

03-12-2007, 11:10 AM	#9 (permalink)
Civic4u Senior Member Join Date: Jul 2006 Location: Humble, TX Posts: 6,648 iTrader: 7 / 100%	If I could be a full-time student and work a full-time job. Enjoyed the parties life w/ fraternities and friends. You could do it. My car payment around 450, so don't cry.... If you a lazy person. That can't handle the pressure and stress. Take the easy way. Sale your car.....etc...etc. Last edited by Civic4u; 03-12-2007 at 11:16 AM.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Dumb Laws	C2i0v0i1c	Water Cooler	56	03-19-2008 03:02 PM
Prepayment	Civic_DC2	Water Cooler	29	08-05-2006 01:06 AM
Official Super Bowl Thread!	webby	Water Cooler	21	02-06-2006 01:33 PM

03-12-2007, 02:59 AM	#2 (permalink)
06Fg2 Senior Member Join Date: May 2006 Location: West Chester, PA Age: 20 Posts: 2,774 FG Squad Member #15 iTrader: 22 / 96%	If you HAVE to do it, then that's what you have to do. An education should always come first. I would say, try every single option before selling.

03-12-2007, 03:01 AM	#3 (permalink)
reaper702 Senior Member Join Date: Jul 2006 Location: Sin City Age: 21 Posts: 4,026 iTrader: 6 / 100%	idk man, sucks being a fulltime college student and working AND having bills... i know this first hand. i say do what's best your your edumacation first. i work 25hrs/week too and it is not too difficult to manage.

03-12-2007, 03:10 AM	#4 (permalink)
*GalaxyGreySi* 280whp, 219tq, GReddy FTW Join Date: May 2006 Location: Albuquerque, NM Age: 24 Posts: 4,123 Phil iTrader: 1 / 100%	That is my reasoning. I am afraid that if I have to work like 25 hrs+ then my grades will suffer... I will absolutely freakin' shoot myself in the head if I get a C in a class. I'm not the suicidal/depressive type, but seriously, one time I got a C on a math midterm and had a good 10 minute cry in my Si. Maybe that makes me a pussy (I don't really care), but I just feel like a total failure if I don't perform well in a class. How many others here are in school with a civic payment?

03-12-2007, 03:15 AM	#5 (permalink)
mfinlay04 Senior Member Join Date: Sep 2006 Location: Ontario Posts: 1,985 Matt Finlay iTrader: 3 / 100%	I work 20-30 hrs a week when I'm in school and make's dean list. But I started college when I was a Jr. in HS so I guess I'm one of those kids... but hey man do what you gotta do. School and Education should be your Number 1!!! Your civic isn't going to put a roof over your head and food on the table

03-12-2007, 03:41 AM	#6 (permalink)
*GalaxyGreySi* 280whp, 219tq, GReddy FTW Join Date: May 2006 Location: Albuquerque, NM Age: 24 Posts: 4,123 Phil iTrader: 1 / 100%	^you are right. Selling. I think I will ask $19,800. Flawless body and interior, factory Nav, 17,800 miles, HFP rims. Not gonna sell it on here though... autotrader most likely, and not for 3 months or so...

03-12-2007, 11:02 AM	#8 (permalink)
MBK Senior Member Join Date: Nov 2006 Location: Park Ridge Posts: 6,564 Mike iTrader: 3 / 100%	makes sense to do it and enjoy your college life

03-12-2007, 11:21 AM	#10 (permalink)
thoughtshewas18 Senior Member Join Date: Feb 2007 Location: Arizona Age: 24 Posts: 190 Garrett iTrader: 0 / 0%	Cars are probably the worst invesment you can make so I think you have other things that should come first before a nice car payment.

03-12-2007, 11:40 AM	#11 (permalink)
Jester FPS Senior Member Join Date: Jul 2006 Location: California Age: 23 Posts: 1,262 iTrader: 6 / 100%	If you can handle it, keep the ride and work and go to school, that's my current situation but I do see what you mean about the lowered performance in school (i'm tired as hell and have to go to a class right now). But, you do have a great interest rate on your car and when you decide to buy a house in the future or get a loan, you'll have solidified your credit roots through the auto loan. Nothing looks better than an auto loan paid off on time.

03-12-2007, 11:51 AM	#12 (permalink)
Hankey723 Senior Member Join Date: Aug 2006 Location: Corona . CA Age: 19 Posts: 393 John iTrader: 0 / 0%	Thats why I plan on finishing school before I buy my evo...

03-12-2007, 12:54 PM	#13 (permalink)
Nighthawk07 Senior Member Join Date: Jan 2007 Location: Rockledge, Florida Age: 21 Posts: 5,733 Mikey iTrader: 4 / 100%	I'm working 30 hours a week and going to school, only 3 classes this semester though. Anyways, I'm handling it well, besides my physics class.

03-13-2007, 03:33 AM	#14 (permalink)
19'switHid's Member Join Date: Apr 2006 Posts: 50 iTrader: 0 / 0%	lets all brag about how much we work and go to school at the same time! OR NOT?

03-13-2007, 07:31 AM	#15 (permalink)
Yodums Scrodums Join Date: May 2006 Location: Ottawa, Canada Posts: 8,237 Hiro Nakamura iTrader: 9 / 100%	Sell the car, focus on education and it'll pay off in the future. I'm a student as well and purchasing the Si was just not an option for me, especially when you've got to factor in your annual tuition costs. Anyways, do the right thing!

03-13-2007, 07:47 AM	#16 (permalink)
jrMartinez24 Join Date: Jan 2007 Location: Probably your state drinking a lot of CORONAS or MARGARITAS =) Posts: 74,442 Ricky iTrader: 61 / 100%	Don't do it...lol. nah just do what u have 2 do. If u can't afford it bc of school n all then I say sell it . Good luck

03-13-2007, 09:59 AM	#17 (permalink)
Quantum Senior Member Join Date: Aug 2006 Location: Richmond, VA Posts: 301 iTrader: 0 / 0%	Ditch the Si, you'll have plenty of money and time to get another one, or something even better, in just a few years. I had to work through college to pay for tuition and living expenses and it really burned me out.

03-13-2007, 10:16 AM	#18 (permalink)
edciv Senior Member Join Date: Sep 2006 Location: New Jersey Age: 22 Posts: 612 iTrader: 0 / 0%	this is my third year of college first year with a car payment, worst year grade wise.. i bought my car last july while working part time and getting paid trash. they promoted me twice and made me full time (32 hours a week) so i make a half way decent pay check.. the problem is i go to school 4 days a week (15 credits)and i work 5 days a week. when i'm not working i'm at school, when i'm not at school i'm working.. i have little time to get any school work done.. hell i'm on spring break now and i'm working more than doing all the school work that i have to do.. i have to pay for too many things so i can't see not working to enjoy the "college life." that's just how it is, i've been working since i was 14.. i'll be working till i'm 50, i just accepted it.. good luck with your decision..

03-13-2007, 10:17 AM	#19 (permalink)
Kakashi Senior Member Join Date: Sep 2006 Location: Aurora CO Age: 21 Posts: 3,682 iTrader: 1 / 100%	Let me tell you something from what I did in highschool. School from 7-4. work from 5-10, homework from 11 till 2 am. Repeat. Notice those 1 hour gaps? Yeah, that was time spent cruising around in my old Lude. I look back now, and I don't regret a moment of it. Sides, friends can wait till the weekend. keep the Si, just pay it off asap.

03-13-2007, 10:27 AM	#20 (permalink)
new06Civic Senior Member Join Date: Feb 2006 Posts: 801 iTrader: 0 / 0%	Ditch the Si and enjoy the college! Your next Si is waiting for you after college.