I would suggest you get a car that is appropriate for where you are at in your life right now. Cobras are expensive enough just to maintain, when they break BEND OVER!
Start thinking rationally man, its not all about the car you drive you should have gotten a 1997 Honda Civic.
Of course you will not take this advice because you know much better than I do.
If you manage to get the car fixed UNLOAD IT. If you cannot get it fixed, put it in your mom's garage, throw a car cover over it, and find different transportation such as bicycle, bus, or beater until you get a good job after you graduate.
What I should have done was keep my 04 GT but thats besides the point, I am in my current predicament and I have come to terms with it. Whats important know is that I
A. fix the car
B. Do it right and either fix the rear end, do ALL preventative measures to assure this will NOT happen again
c. try to unload the car, and not get totally raped on what I get back.
I appreciate all the advice, I truly do, and I want all stang members to know that I mean that.
Unloading it is not an option for me at this point in time, especially in its current condition. I am looking into different routes such as a SRA swap, from my research most can be had for under a $1000. Now as far as labor goes I am sure this price would nearly, if not, double. So I may be looking into a rear end swap over the winter months.
If warranty does not cover this I will more then likely be canceling my warranty and getting what ever money I can back from it. This should help in aiding me to get the car back on the road. I live right outside Chicago (with my parents) and they have a crappy little beater truck that they said I could use for the winter PRE rear end blowout.
Kilgore I want to thank you for your advice, I am on these boards daily and I feel I don't offer nearly as much advice as I should, most of the time I don't even log in. But being around stangnet so long I want you and other members to know that I have witnessed many of your guys posts and you seem to be very knowledgeable about these cars. I want you to also know that I have taken your thoughts into consideration and believe me, first thing that came to mind was "GET OUT" but as I stated, really not an option at this point in time due to the loss I would suffer.
Still waiting on a response from my mechanic, he should be calling me shortly with an update, as soon as I find out ill let you guys know whats going on.
Once again, thank you stangnet!
