Quote:
Originally Posted by cbrrmike
noah whichever route you go, i would try doing it without the help of your settlement...maybe use bits and pieces of it to finish up, but keep the main chunk together to put a downpayment on a home, or somthing else of signifigance
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What he said. Don't spend that money on the car at your age. I pissed away lots of cash on lots of stuff when I was younger and it made buying a house much harder.
EDIT: Oh, I forgot the “what to do” part:
1. Sell it as is. If you are going to sell it, this could be the best route. Least aggravation, no more money required.
2. Get a motor from a used or yard, put it in and sell it. Make it legal too. You might not make anything extra, you might even lose some money compared to option #1, but you might learn a lot if you do it, even if you are just helping. If you have to pay to have this done, go back to #1. You’ll most likely lose money.
3. If you get a very trustworthy used motor, then do that & keep it.
4. Buy a crazy new big cube motor and keep it.
I’d buy a beater in any event. It is so much more fun to work on a car when you don’t need it to get to work tomorrow.
Oh, on the settlement, IMO, the most you should use on a car (or anything) is 10%. Bank/invest the rest. You will thank yourself 10 years from now.