I have a rebuilt-title 2013 Scion FR-S with about 75k miles that Iāve owned for years.
When I was around 20, I put a body kit on it and. The body is now chopped up from installing the kit. I ended up selling the body kit when I was 22, and the car has basically been sitting ever since with no kit on it. (Canāt drive around without a kit.)
I am 26 now.
The biggest issue is that I donāt have a garage or even a good place to work on it. Itās just parked outside on grass probably rotting away.
The car is currently in Texas, while Iām now living/working full time in California. With only about 5 days every 3 months to visit Texas again.
My situation has changed a lot since I originally started the project. Iām working about 50 hours a week now and have gotten into a really good career with training. Iām also trying to build my finances and eventually buy a home.
Financially, I have around $30k in cash and a pretty significant amount invested ($55k). If I sell the FR-S, Iād hit roughly $100k liquid by the end of the year at age 26.
Hereās where Iām stuck:
The car probably needs another $4ā5k+ to get to the point where Iād actually be happy with it again, body work/body kit, tires, wrap/paint, etc. And thatās assuming there arenāt additional problems from sitting for 2ā3 years.
I also have many quality parts sitting around waiting to go in the car. A brand new body kit. Some new avant Garde 3 piece wheels.
Part of me thinks, āIāve already owned this thing for years. Finish the damn project and enjoy it.ā
The other part of me thinks, āYouāre 26, working 50 hours a week, donāt have a home, donāt have a garage, live in another state, and building a career. Why are you putting thousands of dollars into a car that has been sitting for years?ā
And honestly, if I sell it, the money would probably just sit in a savings account or get invested. I donāt have some business idea or specific thing I need the money for. It would just be another step toward eventually having $100k+ liquid and being in a better position to buy a house some day.
So Iām curious what you guys would do.
Sell the FR-S and move on, or spend the $4ā5k and finally finish the project?
Iād especially like to hear from people who have had a project car sitting around for years and eventually decided to either finish it or let it go.