Can't give stuff away....
There are things about a declining economy that can really give you a heavy heart. Right now if you have things you want to buy and money to spend the deals are fantastic. I've been spending.
But on the other side has been the stories about people who have put stuff in storage or who are selling things to try and make ends meet. I have been there and done that and the memory brings back the incredible stress of that period of my life. Well, with our move we've sold and given away tons of stuff. We've sold things 10c on the dollar and we have other things that are perfectly good that we can't give away, like this extra barbque. That just has to be that much harder on people that are selling things because they have to...
And I have my prelude sold. My husband bought it brand new 19 years ago and it was only about six months old when I met my husband, so this car has fit like an old glove for a very long time.
But here is something I find interesting... It is a reliable car. If I didn't want something higher off the ground and a 4 wheel drive for the north and that I could move stuff and kids, I wouldn't be selling at all. I am probably not going to be too happy if I get laid off at the end of next year, but I think it would be a fairly easy sell up north especially once I get it winterized.
Anyway, the price I am selling it at is the same price I bought my first car 28 years ago. I didn't have enough cash to buy it and I didn't qualify for a loan as I was under 19. I forget if my friend's mom co-signed a loan for me or just loaned me the money, but she put conditions on my car purchase. She wanted me to buy a car from a friend she completely trusted and considered a good guy. Well, her friend was a swindler, imho. He sold cars that should have gone to the junk yard and did short term mechanical tricks to make them look like they were working. I got one car from him and it was a disaster and he traded it with me for a second disaster. So, I had this car that stalled, spewed black smoke and it is a shame they didn't have the inspections that they require for car sales today. That car was so dangerous.
I feel completely confident that I am selling a very mechancially sound car that will probably run with reasonable maintenance costs for the next 5 years. If you could just store a car for use later and they didn't deteriorate just sitting there, I would do that, but cars that sit tend to run into more problems then cars that are being driven.
Anyway, it does remind me of my second vehicle, which I consider a deal of the century. I paid only $200 for it, it had been my boyfriend's grandpa's car. It was a Datsun 1000, only cost $7-8 to fill the tank and I drove it relatively maintenance-free for about 5 years and then sold it for $450. The mileage was really low, maybe 25,000 miles, when I got it. But it looked like crap, rust everywhere.
Anyway, 25 years from now looking back I think this young person is going to look at this car as the best vehicle deal of his life because I really do believe the car will still run great for years.