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Old 10-17-2000, 05:49 PM   #1
Patrick Olsen
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Member#: 120
Join Date: Jul 1999
Chapter/Region: AKIC
Location: Where the Navy sends me...
Vehicle:
1997 Legacy 2.5GT
QuickSilver Metallic

Unhappy Well, it's official - the Legacy is a total loss

I have rather mixed feelings about all this, but it probably really is for the best. I'm sure the car would never be the same. So, now I need to strip the car before it gets taken away, and I need to figure out what I'm going to do for a new set of wheels. For now, I'll be holding onto the parts I pull in case I end up with another Legacy. There may be a big sell-off in the not-to-distant future.

As for finances, I'll be getting a cool $19,800.78 (actually, I'll only see about 1/2 of that, since I still owe just over $10k on my loan). By CT law, the value of the car is based on NADA book value averaged with some other approved source - USAA uses a "market survey" by a company called ADP. The adjuster told me the market survey value normally comes out a bit below NADA, but in my case it was actually about $400 or so higher. He was surprised to see that. So, value of the car, plus 6% sales tax, minus $300 deductible, and VOILA!! Almost $20k.

There are numerous options out there for me to consider. It would cost me about $4500-5000 to buy the car back (the guy at the body shop told me it's usually 20% of book value), then I could get minimal repairs (enough so I can put glass in all the windows, who cares about the fenders and paint for now) + minimal rollcage (to still leave the car completely streetable, with 4 usable seats) + engine teardown (cams, ExtrudeHone intake, etc). I'm guessing just to fix the roof would use up a LARGE portion of the $9k or so I'll end up with, so this (although it would be cool) probably is not realistic at all. Another option is to spend $2k or less for a winter beater, then spring for a Impreza Turbo in the spring. Another option is to use that $9k as a nice S4 downpayment (I'd probably have to lease, that's a damn expensive car for me to try to buy). Or maybe a Jeep Cherokee Sport, which is what I was originally going to buy before I bought the Legacy. Or maybe I'll just set the rev limiter to about 2000rpm and I'll drive the Mustang all winter - uhhhh, no! *sigh* Decisions, decisions, decisions.

Pat Olsen
'99 Legacy 2.5GT 5speed sedan (it's still mine, dammit!)
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Old 10-17-2000, 05:56 PM   #2
Fitz
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Member#: 1426
Join Date: May 2000
Chapter/Region: NESIC
Location: Goffstown, NH
Vehicle:
'07 335xi, '07 ZX6R
SV650 Race Bike

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Decisions like these are the hard ones to make. Sorry to hear the legacy may be retired...but glad to hear you have many options to think through.

Fitz
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Old 10-17-2000, 09:01 PM   #3
efoo
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Member#: 80
Join Date: Jul 1999
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Pat,

Sorry to hear about it, but hey, you could look at it this way - if you're getting a new(er) car out of it, it's much better than continually wondering if the car was fixed right. And most likely, it won't ever be the same again given the amount of damage.

Given the amount of your payout, I could offer one suggestion; get a used Impreza or Legacy (or other car with decent resale value) and just use it as your daily driver. Make the Mustang your main project car. I'm doing the same with my '96 OBS and am quite happy about it. And since you have good resale value, you should be able to just get rid of it should you decide you like the MY02 turbo or the S3 later.

-Edwin
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Old 10-18-2000, 05:26 AM   #4
Pilot
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Member#: 513
Join Date: Nov 1999
Talking

mmmm S4... Yummy...
mmmm Impreza Turbo... Yummy...

Mustang in the winter? NOT!

Even better, take your money, sell the Stang, and buy a new M3!

Or you can come down to my shop with all your money and we can build you a nasty Porsche!

Just a thought.
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Old 10-18-2000, 09:15 AM   #5
paultg
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Member#: 437
Join Date: Oct 1999
Chapter/Region: NESIC
Location: Londonderry, NH
Vehicle:
'91 Miata MX5 (Red)
'09 Impreza OBS (Blk/Gry)

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Pilot, you are one of those really cool but bad friends to have.
Pat, sorry to hear about the car. I still think a 2001 RS 4-door is a nice option. Ride out the warranty, and then turbo it and make it faster than the new ones. Just my thoughts, but from the sounds of it, you'll get something cool.

Paul G.
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Old 10-18-2000, 06:30 PM   #6
Patrick Olsen
NASIOC Supporter
 
Member#: 120
Join Date: Jul 1999
Chapter/Region: AKIC
Location: Where the Navy sends me...
Vehicle:
1997 Legacy 2.5GT
QuickSilver Metallic

Post

How did I know that a Porsche recommendation would come flying my way from you, Pilot?! I'm thinking the Porsches I would want would be above my budget at this point. Not to mention that a P-car ain't exactly a good winter car.

M3's gonna have to wait a few years, I think. And when I buy one it will in no way, shape, or form involve the Mustang being sold. My kids will be driving the Mustang 25 years from now, when automakers aren't allowed to make gasoline powered cars anymore and everyone else is driving around in an electric box. Woohoo!!!

Pat
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Old 10-19-2000, 07:20 PM   #7
Pilot
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Member#: 513
Join Date: Nov 1999
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What are you talking about? I drove my P car in the Winter for two years straight. 4 snow tires and a limited slip diff gets me almost anywhere the scoob will go. (ask TTO he was present for many a fun ride in the snow)

Also how much do you think a P-car costs? I bought my Turbo S for 16K in 1998.

Sheesh. M3, bah!
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