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Smart Shopper Smart Shopper-Archives Any Questions for a Car Dealer? 
16377 messages, Last post on Feb 11, 2006 at 4:59 AM
You are in the Smart Shopper-Archives Forum. Your Hosts are kirstie_h & tidester
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i recently bought a 2000 hyundai sonata (in july actually) with 92,000 miles  (shakes head in shame :calls herself dumb) I WAS DESPERATE AND STUPID I KNOW! anywho, and i already had to buy new seals.  it now has 105,000 miles and now its kinda hesitating.. like the tranny is about to kick the bucket. Point: i want a new 2006 scion but i dont need another  being a woman i need to find out how i can get my car for the same amount without raising my payments... please help 
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Replying to: kalianna25 (Jan 30, 2006 12:40 pm)
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Stay WAY out of this one!
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Replying to: kalianna25 (Jan 30, 2006 12:40 pm) what is your current payoff? |
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Replying to: kalianna25 (Jan 30, 2006 12:40 pm) being a woman i need to find out how i can get my car for the same amount without raising my payments.. " What??? Oh OK, I'll bite. Take a 2nd mortgage on your house for the amount of the new car plus whatever you're upside down on the Sonata and finance it for 15-30 years.
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Replying to: sbell4 (Jan 30, 2006 12:53 pm) sucks.
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Replying to: mikefm58 (Jan 30, 2006 1:49 pm)  yeay.
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Replying to: isellhondas (Jan 30, 2006 1:27 pm) |
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| Got my first price on an '05 Amanti demo w/all options, 6K miles. The car appears to be in very good shape. Sales rep claims invoice is $27,512 (edmunds says $26,990) and w/rebate my price is $25,512. How much more of a discount should I reasonably expect to get because it is a demo holdover with half a year's mileage? | |
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Replying to: kalianna25 (Jan 30, 2006 12:40 pm) Okay, if you guys won't jump in, I will. Kalianna, I've got some bad news for you. You can't. Just as you can't escape the laws of gravity, you also can't escape the laws of basic finance. In other words, if you have a vehicle that you just bought, and your payment is $XXX dollars per month and you trade it in, you're going to be upside down (unless you put quite a bit of money down when you bought it). So, when you buy that nice new vehicle, chances are you'll already be in the hole by a couple thousand dollars. And a brand new Scion...or Honda...or Toyota...or whatever, surely will cost more than a used 2000 Hoon-day. Even if you go out on a limb and finance for something crazy like 72 months, you're going to have a MUCH higher payment. Here is an example: New 2006 Scion - $22,000 out the door (taxes, title, etc). Negative equity on your Hyundai - $4,000 Total = $26,000 Put down 5%, which is $1300. Finance the balance of $24,700. Let's say you have awesome credit, and you finance the balance for 60 months at a lowly 5% interest, and your payments would STILL be $465/month. There just isn't any way to work the numbers so that you can buy a brand new vehicle for the same price as a 6 year old vehicle. |
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