If you look at the classifieds there are 18 cars for sale (RT10 & GTS) 2000-2002. That have all started their ads as early as March 2009. Some modded, some stock. It seems they vary in price from $32K to $45K. Like the other 18, we have all been trying to sell our cars for the past six months. Does it make sense for me to drop my price into that range, sit on the car for another 6 months with hopes of selling? I think we may all be delusional as to what the value of our cars are really worth.
Now my car may not be everyone's taste, I know that. And I know I will never get back the $30K I put into it. That money spent was for pure enjoyment while I owned the car. Given that I just reduced the prospect list by 50%. Add to that a crappy economy, you can deduct another 40% of the buyers. So where does that leave me.
If I trade it in I get the tax savings off the balance of the new car...There's some value there! Plus the idea of paying insurance on a car I just don't drive that much compared to my VOI9 Coupe.
So I may not place another Ad, and just go for the trade in and bite-the-bullet! Too bad, I would have preferred to see another member enjoy the car as much as I did.
Thanks for all your input on this post, it helped me put things into perspective.