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Smart Shopper Owe more than it's worth... I'm upside down and I can't get up!
1160 messages, Last post on Oct 22, 2009 at 7:11 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: joel0622 (May 15, 2009 5:27 am) Offering Info Term: 72 Est Pmt: $544 Unpaid Bal: $38,329 Wholesale: $25,105 Pct Adv: 153% Decision: Approved Tier: 1 Cond Pct Adv:
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Replying to: joel0622 (May 15, 2009 5:31 am)
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Replying to: grandtotal (May 15, 2009 5:58 am)
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Replying to: joel0622 (May 15, 2009 6:25 am) I'm of the opinion, and have seen it in this topic many times, that the first thing to do when you find yourself in a hole is to stop digging! Of course if you're top tier credit you have to be doing something right!
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Replying to: fezo (May 15, 2009 7:21 am)
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.....just buying a car and (gasp!) just keeping it til it's paid off? I guess when cars didn't last as long (and people didn't finance for 60-84 months), trading every three years was a viable option, commonplace; I can't see doing that now, unless you're putting massive amounts of miles on it (or otherwise wearing it out), or you have money to burn. 
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Replying to: ghulet (May 15, 2009 8:45 am) Now an old car suffers the death of 1,000 cuts. A power mirror quits working, then the auto wipers, then the self-dim rear view mirror, then the power seat, then the power window, then the cruise control, then one of the power locks, then the climate control, then the back up camera, but you get the idea 
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Replying to: lokki (May 15, 2009 9:08 am) My '78 VW Rabbit - stick, no air, AM radio - died short of its 4th birthday, with just 55K on the clock. I sold it to someone who was looking for parts. Contrast this with my wife's '99 Lexus ES 300, with all the goodies. We kept it for more than 8 years - 4+ years past warranty expiration - & spent a total of $500 on repairs before selling it for top dollar. We'd still have it today if my wife hadn't fallen in love with the ES 350. I've found that I can easily get 10 years out of a properly maintained car without any heroics. That's why we've bought a grand total of 6 cars for 2 drivers during the past 25 years. |
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Replying to: joel0622 (May 15, 2009 7:28 am) I can't think of the last time I've been upside down on a car. As I said earlier, Joel, I'm glad this works for you. You'd hate me at shopping. Our Accord will hit 10 in December. It recently hit 168K on the clock which makes it officially the highesy mileage car we've ever had. It long ago became the one we've put he most miles on since out two previous 167K+ cars were bought used with mileage in the upper 30s when we got them. |
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Replying to: jimbres (May 15, 2009 9:29 am)
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