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Thanks guys for the great responses. It is good to hear the feedback of people with a similar car disease. The Z/28 is my first modern muscle car so I don't have enough experience in that realm for comparison.
The boys are getting bigger and at some point they will be able to ride in a forward facing car seat. That will open up a lot more opportunities to use the car. In the next 18 - 24 months we will be ready to buy our next house w/ more garage space and that will make it a lot easier to justify keeping it.
Right now I have a F250, 1998 Mustang that is currently in the garage (LsX Drag Car project), Vw Vanagon Westy (TDI Swap in progress), Z/28, and the wife's MDX. Our current house only has room for 3 cars.
I listed the car for $48k on Cars.com. I doubt there are any buyers out there at that private party price. So I will probably end up keeping it for now.
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