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#1
07-04-2006, 11:24 AM
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To trade or not to trade
Dilemma - I am upside-down ~$3000 on my loan. I need to get a car with more space. I also want something with lower miles (Probably new).
The car I am in right now is pushing 82k. I have only had it 5 months. But I am very worried about the reliability, and eventual cost of repairs. Plus, I don't have a whole lot saved, so if a repair is needed, im screwed. SHould I trade in the car and absorb the negative equity? Or should I just wait and see?
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 Mooninites Unite! Quad Laser!!! 
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#3
07-06-2006, 11:40 PM
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Re: To trade or not to trade
i would wait and see what happenes. especialy if it is the NISSAN maxima in your profile
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#4
07-07-2006, 12:43 PM
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Re: To trade or not to trade
harrymay, what you really need to do is reduce your debt. Being upside down on a car loan is just bad practice.
If you can't get into another car without going deeper in the hole, just keep driving what you got and pay extra on the loan. 82K is nothing on a car if you maintain it.
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1995 Buick Roadmaster Sedan 1989 Cadillac Sedan De Ville 1964 Chevrovet Malibu SS
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#5
07-07-2006, 04:34 PM
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Re: To trade or not to trade
Im just going to stick with it. My profile is ancient. This is on a 2000 Celica.
It isn't bad, I think I will just buy another beater SUV or something for when I need the space.
__________________
Mooninites Unite! Quad Laser!!!
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#6
07-10-2006, 11:21 AM
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Re: To trade or not to trade
and besides it is a toyota. it should last.
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#7
07-13-2006, 07:26 PM
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Re: To trade or not to trade
Quote:
50% of all the 2000+up celica's have had major repair work done. And it is not due to racing. The celica is the crappiest toyota I have ever owned.
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Mooninites Unite! Quad Laser!!!
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#9
07-13-2006, 10:48 PM
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Re: To trade or not to trade
Quote:
ok i was refering to that fact that it is a toyota since i really have not owned a ceilca
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