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Owe more than it's worth... I'm upside down and I can't get up!

1163 messages,  Last post on Dec 08, 2009 at 11:20 AM

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What is this discussion about? Car Leasing


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#1159 of 1163
Re: 'upside-down-ness' [volvomax] by british_rover
Oct 16, 2009 (12:05 pm)
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Replying to: volvomax (Oct 16, 2009 11:51 am)

I know
 
Back a few years ago if we did 40 Volvos a month then we did 30 SAABs. We can still hit 15 or even 20 Volvos on a good month but only get four or five SAABs.
 
We did do eight SAABs last month were probably number one SAAB dealer in the country too. We don't know though cause GM canned our rep back about a month ago and we didn't get a new one until just last week. Didn't even tell us they fired him just noticed one day that we never got emails from him anymore.
#1160 of 1163
Re: 'upside-down-ness' [british_rover] by roadburner
Oct 22, 2009 (7:11 pm)
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Replying to: british_rover (Oct 16, 2009 12:05 pm)

My wife has always wanted a SAAB and I'm willing to give them a look now that they are no longer part of An Amerikan Revolution- AKA Government Motors...
#1161 of 1163
Owe More Than It's Worth by beingcareful
Dec 08, 2009 (10:14 am)
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Just joined. Female needing advice. I've had numerous problems with a 2005 Nissian Altima I bought less than a year ago. After several rounds with the dealer, he has agreed to get me out of the Nissian and offered me a Prius. After my ordeal with the Nissian, I'm trying to be extra careful. What should I do? How should I approach this? What should I be on the lookout for with the dealer? My Nissian is upside down. Should the dealer pay off the Nissian completely? Should I take the Prius or look for something else? Should the dealer declare the Altima a "lemon"? I know lots of questions. But don't want to make the same mistake again, and need help/advice.
 
WHAT KIND OF QUESTIONS SHOULD I ASK THE DEALER WHEN I MEET WIT HIM?
 
Please Advise.
Thank you,
Beingcareful
#1162 of 1163
Re: Owe More Than It's Worth [beingcareful] by corvette
Dec 08, 2009 (11:03 am)
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Replying to: beingcareful (Dec 08, 2009 10:14 am)

I think that when they talk about getting you out of the Nissan, they're really talking about you trading it in and rolling the negative equity into the new car. You need to take a look at the trade-in value of the Nissan, as well as the average selling price of the Prius (according to Edmunds) to make sure you won't be rolling negative equity into the new vehicle.
#1163 of 1163
Re: Owe More Than It's Worth [beingcareful] by sebring95
Dec 08, 2009 (11:20 am)
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Replying to: beingcareful (Dec 08, 2009 10:14 am)

First off, the dealer can't just declare the vehicle a lemon. They can have compassion on you if they're truly good business people and have sold you a hunk of junk....but no such thing as lemon law on a 5 year old vehicle.
 
As corvette mentioned, you need to know what trade-in value they're giving you on the Nissan, what your payoff is, and how much they're charging for this Prius. Is the Prius something YOU want or is that something they offered up? I would think if they're truly going to work with you, they would do so on any vehicle they have.

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