Went to trade in my Is250 today..
03-04-14, 04:40 PM
#16
Save your money, keep your car. Nothing like not having car payment.
But if you have all the cash for a new car and don't care for your loss on IS then more power to you.
But if you have all the cash for a new car and don't care for your loss on IS then more power to you.
03-04-14, 04:44 PM
#17
Lexus Test Driver
You dont have to physically be at your credit union for anything. They only care to get the full pay-off amount to release the title to the new owner (or his/her lien holder).
Like other members said, here are your 3 options
-try to sell it privately for the pay off amount; if not then be prepared to come up with extra cash to pay off your credit union.
-make extra payment so you could catch up to break even point.
-keep you car for now and stop dreaming about another car until you could pay off this one.
Like other members said, here are your 3 options
-try to sell it privately for the pay off amount; if not then be prepared to come up with extra cash to pay off your credit union.
-make extra payment so you could catch up to break even point.
-keep you car for now and stop dreaming about another car until you could pay off this one.
but make that your "plan Z" lol
03-04-14, 05:18 PM
#20
Dont crash it intentionally man... your life is much more valuable than a car lol. Intentionally crashing your car can be an insurance fraud as well. I think you should either sell the car privately for more money than trading in or wait till you pay this car off before buying a new one.
03-04-14, 05:22 PM
#21
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So we have:
Fraud, go to jail
Go ***** up 10k and pay 45K for a 30k car.
I think I'd cut my losses and hang on a year or two. The car will depreciate very slowly as it ages now and you would be in a much better position to buy. Maybe pay some extra dollars every month if it's a simple interest loan you have. You'd be surprised how many months an extra 50 bucks a month will take off the life off a loan.
Suck it up for now is my vote!
Fraud, go to jail
Go ***** up 10k and pay 45K for a 30k car.
I think I'd cut my losses and hang on a year or two. The car will depreciate very slowly as it ages now and you would be in a much better position to buy. Maybe pay some extra dollars every month if it's a simple interest loan you have. You'd be surprised how many months an extra 50 bucks a month will take off the life off a loan.
Suck it up for now is my vote!
03-04-14, 05:24 PM
#22
Lexus Test Driver
You dont want the Camaro anyway. The resale on those is far worse than the IS so you probably would have been stuck in a worse position if you sold the IS and brought the negative equity over. average Book value for the SS V8 already dropped 10 grand in 4 years for a 2010
03-04-14, 07:35 PM
#24
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I just want to go faster but since I already made the decision to get my is, I'll just have to bite the bullet for now, pay off the loan, and hopefully when the Rc-f comes out ill have cash stacked up so I can drive a lexus and go fast!
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EthanV
IS - 2nd Gen (2006-2013)
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01-14-09 10:13 AM