View Poll Results: Do I "repurchase" the Escort or not?
No, you ninny. Run, run away...
17
51.52%
Yes!!! How often to you get the chance to buy back a beloved car?
16
48.48%
Voters: 33. You may not vote on this poll
Auto repurchase???
Thread Starter
|
Hotshot
Joined: Apr 2006
Posts: 11,794
Likes: 0
From: Kansas City, KS
Auto repurchase???
How dumb am I?
OK, here's the story for those who may not be aware...
My 93 Escort was dying...I limped into a car dealer and purchased an 07 Focus.
Due to ....um, ah... "credit issues", the dealership paid me WAY too much money for my little Escort.
It's been just over a month...and now I've got a chance to buy the Escort back. Yes, THAT escort.
Dealer A gave me $2,500 for the car. Dealer B wants to sell it to me for $1,000. The way I see it, I'd have made $1,500 in the deal, and my beloved little Escort will be back in the driveway. Still not healthy, but I can work on it in my leisure as I now have the Focus.
Or am I just an idiot?
Vote up. Vote quickly. (And if you live in Chicago, vote often...
)
OK, here's the story for those who may not be aware...
My 93 Escort was dying...I limped into a car dealer and purchased an 07 Focus.
Due to ....um, ah... "credit issues", the dealership paid me WAY too much money for my little Escort.
It's been just over a month...and now I've got a chance to buy the Escort back. Yes, THAT escort.
Dealer A gave me $2,500 for the car. Dealer B wants to sell it to me for $1,000. The way I see it, I'd have made $1,500 in the deal, and my beloved little Escort will be back in the driveway. Still not healthy, but I can work on it in my leisure as I now have the Focus.
Or am I just an idiot?
Vote up. Vote quickly. (And if you live in Chicago, vote often...
)
Postmaster
Joined: Feb 2007
Posts: 3,283
Likes: 2
Just wondering.....If it was bad enough to sell in the first place, Why would you want it back.? Sentimental reasons aside, Do you really want to work on it Again.???
Last edited by nubeee1; Dec 11, 2007 at 08:45 AM.
Thread Starter
|
Hotshot
Joined: Apr 2006
Posts: 11,794
Likes: 0
From: Kansas City, KS
Um...no. I LOVED that car. I do, however, have to get to work. And after I blew the head (I think) the car was bucking, rocking and blowing smoke out of both ends...and if it WERE to just "die", I'd be screwed.
So, I traded it in.
Now, I have the opportunity to buy it back, without depending on it. i.e., if it dies, I get a ride home and I'm good to go.
Am I making any sense here???
So, I traded it in.
Now, I have the opportunity to buy it back, without depending on it. i.e., if it dies, I get a ride home and I'm good to go.
Am I making any sense here???
Thread Starter
|
Hotshot
Joined: Apr 2006
Posts: 11,794
Likes: 0
From: Kansas City, KS
Originally Posted by nubeee1
Just wondering.....If it was bad enough to sell in the first place, Why would you want it back.? Sentimental reasons aside, Do you really want to work on it Again.???
Actually, working on it WITHOUT needing to drive it to work in an hour was always pleasant...trouble is, since my divorce, I've mostly "HAD TO" have the car on the road...couldn't take the time to take it down and fix it properly.
Senior User
Joined: Mar 2007
Posts: 403
Likes: 0
From: Medina TN
I voted yes for one reason, a vehicle, any vehicle regardless of make or model that will get you from point a to b, in my opinion is worth a grand. You probally know what is wrong with it and what it will take to fix it. After you fix it, assuming it is not that bad off, you could sell it for quite a profit with gas prices steadily rising. Any vehicle that gets close to 30mpg will be hard to find this time next year. I bought a "cussword" sentra for $300 and put a $65 junkyard head on it along with a new timing set. I have drove it now for 3 years and went through 2 sets of tires. It gets 36mpg. I saved enough money in fuel and maintence alone to pay off the truck in my signature 2 years early. Do as you wish, but I'd buy it if I had the cash.
FTE Leadership Emeritus
Joined: Aug 2006
Posts: 47,280
Likes: 172
From: DELAWARE, The First State
Trending Topics
Gone but not forgotten.
Joined: Jul 2001
Posts: 6,521
Likes: 2
Know one thing for sure. Dealer A made money on the '07 .... that's what he is in business to do. "I'd have made $1500 on the deal" is creative accounting .... did you really? If the old Escort is worth a grand to you, buy it.
FTE Stories
Ford Trucks for Ford Truck Enthusiasts
3 Best / 3 Worst Parts of Modern Ford Ownership
Brett Foote
10 Amazing Upgrades That Solve Common Ford Truck Owner Headaches
Pouria Savadkouei
Every 2026 Ford Engine Explained
Brett Foote
10 Ugly Ford Trucks That We Still Kinda Love
Joe Kucinski
10 Things Every Truck Owner NEEDS (2026 Edition)
Michael S. Palmer
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Verdad Gallardo
Top 10 Most Expensive Ford Trucks Ever Sold on Bring a Trailer
Joe Kucinski
2027 Ford Super Duty Buyer's Guide (Every Model, Engine, & Package)
Brett Foote
Top 10 Ford Truck Tragedies
Joe Kucinski
Thread Starter
|
Hotshot
Joined: Apr 2006
Posts: 11,794
Likes: 0
From: Kansas City, KS
Originally Posted by dono
Know one thing for sure. Dealer A made money on the '07 .... that's what he is in business to do. "I'd have made $1500 on the deal" is creative accounting .... did you really?
I've been having the "creative accounting" discussion all morning at work...
Originally Posted by dono
If the old Escort is worth a grand to you, buy it.
Posting Guru
Joined: Dec 2003
Posts: 1,157
Likes: 0
From: Wichita, KS
I voted buy it back. You already know the car, Escorts are pretty basic little beasts and it can probably be fixed and still be worth more than what you've got in it. And if you like the car, having it around is worth a grand.
Moderator
Joined: May 2007
Posts: 158,565
Likes: 12,040
From: Greenfield, MA
"93 Escort with a bad motor is worth at most $100 in real dollars to dealer "A"...he probably sold it to dealer "B" for $200...anything over that is his margin. I personally think $1000 is way too much to pay for a 14 year old car with a bad motor...but...as I've said in other threads...it's worth only as much as you're willing to pay for it!!! It shouldn't be an emotional decision...you can't negotiate effectively unless you are willing to walk away>
Thread Starter
|
Hotshot
Joined: Apr 2006
Posts: 11,794
Likes: 0
From: Kansas City, KS
Originally Posted by BIGKEN
It shouldn't be an emotional decision...
I don't think that the motor is shot...I'm fairly certain that it is either the head gasket or the head itself. (Some dumbazz overheated it...
) Head gasket costs $18.00. And I don't imagine a junkyard head would be more than $100 if it were the head itself.The engine doesn't leak or burn oil at all. I'm not sure for how much longer, but so far, no leaks, no loss, and it is still fairly clear at 3,000 mile oil changes...
lil ms. innocent
Joined: Jul 2007
Posts: 2,558
Likes: 0
From: Harrington, Delaware
Are you sure you didn't get $500 for the Escort and they tacked $2000 onto the prices of the Focus. Kiss it goodbye.....do ya really want the prob back? And it is just an Escort....lol....j/k