I was a little bit in your situation. I bought the new car. Can't say I regret it too much. The biggest factor is that I didn't want to dump a ton of money into the 87GT that I'd never get back out of it, and I didn't have a second car for when I had to work on the 87.
I'm getting totally HOSED on insurance right now. My car payment, insurance, and down payment could have made my 87GT an 11 second street car.
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