Drill press

BlackVert · Nov 20, 2010

I went to a garage sale with my wife this morning and the guy there was selling a Craftsman 15" 1HP drill press for $150. I offered him $100 for it and he said yes!

It is model #137.229150 ...

Adam95GT · Nov 20, 2010

Holy crap... can i come use it lol

Seriously there is nothing to do in this state...

nmcgrawj · Nov 20, 2010

Hell of a deal!

Love coming across those.

revhead347 · Nov 20, 2010

Score. Is it old enough to be made in America? I'd take a used American drill press over a new Chinese one any day of the week.

Kurt

BlackVert · Nov 20, 2010

thanks guys.

kurt, i don't know if it is american made, but the guy said it is a few years old. and it is extremely sturdy, and i don't think sell it anymore

adam, you can come over anytime, i would be more than happy to keep you busy with car (or other) projects.

stprorolla49 · Nov 20, 2010

We got a really stout drill press from this old German woman that works with my dad about 5 years ago. Her husband passed away and she didn't have any other family in the US so she gave it all to my dad. She swore it was "German Made", and the thing weighed like 400 lbs. We get it home and inspect it...it was make in New Brunswick, NJ, about 30 min from my house. My father and I shared quite the laugh.

Anyway, back on topic. Very useful tool, I love having one. Nice find!

Adam95GT · Nov 21, 2010

BlackVert said:
thanks guys.

kurt, i don't know if it is american made, but the guy said it is a few years old. and it is extremely sturdy, and i don't think sell it anymore

adam, you can come over anytime, i would be more than happy to keep you busy with car (or other) projects.

Thanks man! right now i think im going to be looking for a second job. I make nice money at the new job... But not enough to pay my $100k of student loans. :nonono

PureAdrenaline · Nov 21, 2010

Great deal. A drill press is always good to have.

BlackVert · Nov 21, 2010

Adam95GT said:
Thanks man! right now i think im going to be looking for a second job. I make nice money at the new job... But not enough to pay my $100k of student loans. :nonono

new job ... when do (or did) you start and where did you end up deciding to live?

one of the things i intend to use this for is installing injector bungs into carb lowers.

Adam95GT · Nov 21, 2010

BlackVert said:
new job ... when do (or did) you start and where did you end up deciding to live?

one of the things i intend to use this for is installing injector bungs into carb lowers.

Cant really discuss where i work. But i work in DC and live in Bowie, MD (right by the town center) . I moved in here on the first and started working on the second. As you guessed my car is on the back burner once again. :/

revhead347 · Nov 21, 2010

Congrats on the job.

Kurt

Adam95GT · Nov 21, 2010

revhead347 said:
Congrats on the job.

Kurt

Thanks man! I love the job. It pays good. But not enough to cover rent and living expenses and cover the extra $780 to cover the interest only payments on my student loans... Ill have to put them on hold for about a year... That 110k will be growing fast.
Sorry to clog up your thread with ot chatter.

BlackVert · Nov 21, 2010

Adam95GT said:
Cant really discuss where i work. But i work in DC and live in Bowie, MD (right by the town center) . I moved in here on the first and started working on the second. As you guessed my car is on the back burner once again. :/

if you told me, i guess you'd have to kill me.

so, are you ready to kill yourself yet from the commute? i imagine it is not much fun ...

i'm in bethesda and commute to silver spring, so i go the opposite direction of the commute, and at 7:30am, route 29 is backed up all the way from the beltway to where i turn off (about 6 miles out)

Adam95GT · Nov 21, 2010

Well actually its not as bad as i was expecting. I tend to leave at 6:30 on a good day. Then im in by 7ish and out by 3ish depending on how long i take for lunch. Then there is the days that i dont get up till 7:15am and somehow i dont get in till like 8:30 and then home at like 6....

I take 50w to 201s and stay off the beltway.

Just sucks that i cant afford to pay on my loans yet. Im going to send in everything i can but ill have to go on forbearance. I have good credit (731 last time i saw) so some of my high interest ones (possibly do to the cosigners credit) im going to try to re-consolidate.

But then again. I got a job doing what i want in a time where there are so many college grads are without jobs. So im really trying to not let the loans get me down.

BlackVert · Nov 22, 2010

Adam95GT said:
But then again. I got a job doing what i want in a time where there are so many college grads are without jobs. So im really trying to not let the loans get me down.

exactly. you can and should be very happy that you were able to land a job in your field. that is very rare these days for people straight out of college.

look up dave ramsey. the idea is to get a payment snowball going. every debt you pay off, add the money you were paying every month for that to what you pay towards the next.

pay cash for everything. eat rice and beans. start with an emergency fund of $500-$1000. then pick the credit card with the lowest balance first. it almost becomes like a religion.

good luck. and it'd be cool if you came to bethesda some saturday or sunday to see my new garage and help me set it up.

revhead347 · Nov 22, 2010

Adam95GT said:
Thanks man! I love the job. It pays good. But not enough to cover rent and living expenses and cover the extra $780 to cover the interest only payments on my student loans... Ill have to put them on hold for about a year... That 110k will be growing fast. But i should be expecting pay increases eventually.
Sorry to clog up your thread with ot chatter.

I learned something from a friend about school loans. If your loan gets sold to another lender, you automatically have a legal right to renegotiate the loan. My friend ended up paying $14.xxx back on a $31,000 loan because the original lender sold it. Probably won't help you much, but it's something that's helpful to be aware of. I can totally understand hardship deferrals. It's just something that happpens. But be aware, those payments are going to be astronomically higher for every month you defer. They still expect you to pay it off in the same 15 (or whatever it is) year period of time. So when you start paying, the payments are adjusted to meet that deadline. One of my loans automatically went into deferral because I enrolled in a Master's program for 3 months. Even after that short period of time my payments went up substantially.

Kurt

Black95GTS · Nov 23, 2010

BlackVert said:
I went to a garage sale with my wife this morning and the guy there was selling a Craftsman 15" 1HP drill press for $150. I offered him $100 for it and he said yes!

It is model #137.229150 ...

Nice steal! My old man has an ancient craftsman model that is still going strong. It's an invaluable tool.

Adam, I finished in 2005 with $82K in loans and 5 years later I'm down to $18K, was able to get married, payed off a $17K truck, and bought a house. The key was the first 3 years after I graduated I lived on rice, grilled chicken, and water. Sold the Mustang as it is a MONEY PIT. I took my first vacation since graduation THIS year, and it was a trip up to New Hampshire for a week because my in-laws rented a house.

Get rid of the car dude, I'm telling you. I literally teared up when I sold my first one but it enabled me to finish out the truck payments and then I applied the "snowball" philosophy to my college loans and started to save for an engagement ring.

Now I have a clean 1989 GT convertible in MY garage, ready for the royal treatment, payed for in cash.

Adam

revhead347 · Nov 23, 2010

I wouldn't bother getting rid of the car. It's not worth anything.

Kurt

Last5.0 · Nov 23, 2010

Agreed, and if you don't want to spend money on it you don't have to....just let it sit until you do

revhead347 · Nov 23, 2010

I know some people don't agree, but I'm not waiting till I'm almost dead to live my life in the interest of being a fiscally perfect person.

Kurt

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