Its such a nice feeling...
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Originally posted by BIG_Truck_Driver
Frances, if your payoff was 10k and 5 months later you only got 5k for the car, then you were upside down on it. If you had traded it in you would have to either payoff the diff. Or finance it. You were better off paying it off.
Frances, if your payoff was 10k and 5 months later you only got 5k for the car, then you were upside down on it. If you had traded it in you would have to either payoff the diff. Or finance it. You were better off paying it off.
Wherever I may roam...
Joined: Mar 2001
Posts: 856
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Actually, if you want to keep getting a new car every couple of years, your best bet is a lease.
You never own it, but when the lease is up you just get a new one.
You never own it, but when the lease is up you just get a new one.
boostmonkey
Joined: Jun 2000
Posts: 14,791
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Originally posted by Frances
I understand that and I know how it all works. That's just what pisses me off. You lose money either way (unless you pay it off and keep it for longer).
I understand that and I know how it all works. That's just what pisses me off. You lose money either way (unless you pay it off and keep it for longer).
Regardless, I'd keep it. No payments, fast car, Sam to fix it if it breaks...who needs a warranty? You've got your own version of automotive bliss.
