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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10276 messages, Last post on Nov 06, 2009 at 10:00 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: zman1974 (Nov 16, 2008 12:45 pm) |
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Replying to: zman1974 (Nov 16, 2008 12:45 pm) Beyond that, I agree with blue's advice. I've owned Honda products way beyond warranty expiration without feeling any pain. And a good friend of mine drives a '92 Acura that she bought new & plans to keep until it turns 20. It's not a good idea to roll negative equity into a new loan. You won't find any recognized authority on personal finance who'll go along with that. Keep your Acura until you've paid it off. |
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The dealer is giving me $9,000 for my car. So, I would be rolling around $4000+ in negative equity into the new loan. Also, The BMW will be under almost three years of the standard warranty, which includes free maintenance, and 2 additonal years of the CPO warranty. It's the reason why I am even considering this deal.
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Replying to: zman1974 (Nov 16, 2008 7:01 pm) Track how much you spend on maintenance over the next year. If it's more than about 1k you could probably make a case for getting a 2008 CPO'd 3 series in 09 and you'll get a much lower loan. If it's not 1k, try another year. Before you know it you may own that Acura and have no payments. Suddenly with no payments even spending 2k a year on maintenance seems cheap! |
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Replying to: zman1974 (Nov 16, 2008 7:01 pm)
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Replying to: jayrider (Nov 17, 2008 7:06 am) Thanks, Jim
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Replying to: zman1974 (Nov 17, 2008 11:04 am) |
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Replying to: zman1974 (Nov 17, 2008 11:04 am) question two would be --- do you have budget /income concerns that make doing this deal a problem ? If answer one is yes and answer two is no then keep working the deal and get your new ride. If answer one is yes and answer two is yes then don't do it. Sit tight. If answer one is no then you know what not to do.
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Replying to: jayrider (Nov 17, 2008 11:54 am) Question Two: No, other than I will be resetting the payments from 3.5 to 6 years. However, I'll tell you this: If I hadn't purchased an extended warranty at the time I purchased the Acura I would have been destroyed: Since mid 05 I have: 1. replaced the entire transmission 2. replaced the entire climate control system Both of these issues would have cost a great deal more than the extended warranty. So, I am a believer in warranties. Others are not. I have always made out, but I can see the point that your saving money without it, especially if your handy (I am not). Jim
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Replying to: zman1974 (Nov 17, 2008 12:39 pm)
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