What should I do about my old car?

Question

I recently bought a honda fit and love it. However, I have a 1992 Camaro RS. It's a 6 cyclinder and has been good to me. I am a very sentimental person, how ever i can't just hold onto a 2nd car because i like it. Insurance would be to much. I was told maybe i should just pay registration on it. the car is pretty beat up, has 136,000 miles on it, but was recently tuned up. I don't want to sell it for 500 bucks. Suggestions or ideas?

Answer 1

I would keep it as a beater.   My friend had 2 mustang gt's.  An 07 and a 93.  Insurance on the 2nd one was like $200/year since you dont need comprehensive/collision and its listed as a second car.  If you really need the $$ then list the car for say $1500 obo

Goodluck

Answer 2

Have you actually spoke to your insurance agent about the car? Usually 15+ year old cars have very low rates since they're not very valuable and aren't in that good of a condition.

Ask for a one-way insurance policy. If the car gets into an accident or stolen, chances are your insurance company won't even pay you $500 so there's no logic behind buying full coverage.

Answer 3

sell it and keep tour sentimental side for a woman you will be better off

Answer 4

Take lots of photos, blow them up and frame them nicely. Hang them in a special place in your home. Then sell the car and save a memento from it. Take a badge or something.

I had to part with my first car and I saved the hood emblem (it was a totaling accident so nobody was going to miss it) and the registration stickers on the windshield (attached to the glass).

Answer 5

get it registered as non operational and park it off the street.

what a great car to restore!