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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

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What is this discussion about? Car Leasing

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#659 of 1160 pretty close by hyundai_slsmn Dec 06, 2006 (9:30 pm)
it was around $460 or so but actually coming down from $580 on the previous vehicle OUCH   It's surprising and alarming how many 78+ mo notes I've written. What's even more sad is the person who is so compulsive as to go that long on a car loan just to make it affordable would never even come close to keeping it that long.   I think if i ever got out of the car business I could go into personal financial planning.
#660 of 1160 Re: negative equity [kyfdx] by kirstie_h HOST Dec 07, 2006 (6:26 am)
Replying to: kyfdx (Dec 06, 2006 8:18 pm) Man, you guys are older than dirt My first car payment (that I remember, anyway) was $180/month on a '96 Protege. I owned other cars before that, but none of them were nice enough to warrant financing (e.g., a Saab 900 purchased for $2500). Replies to this message: ray80 (Dec 07, 2006 9:51 am) kirstie_h (Dec 07, 2006 9:55 am) ray80 (Dec 07, 2006 9:58 am) jlawrence01 (Dec 07, 2006 10:22 am)
#661 of 1160 Re: negative equity [kyfdx] by lemko Dec 07, 2006 (7:38 am)
Replying to: kyfdx (Dec 06, 2006 4:20 pm) I can't imagine even making $450 payments on A Hyundai!
#662 of 1160 Re: negative equity [kyfdx] by lemko Dec 07, 2006 (7:40 am)
Replying to: kyfdx (Dec 06, 2006 8:18 pm) I can top that - December 1987 - car payments on a new black 1987 Chevrolet Caprice Classic - $147.16 for 24 months! I pretty much paid for most of the car up front. Good God, too bad I can't finance a nice car like that at those terms today! Replies to this message: kyfdx (Dec 07, 2006 8:04 am) farout (Dec 07, 2006 5:27 pm) explorerx4 (Dec 07, 2006 6:18 pm) and 1 more...
#663 of 1160 Re: negative equity [lemko] by kyfdx HOST Dec 07, 2006 (8:04 am)
Replying to: lemko (Dec 07, 2006 7:40 am) Yeah.. but, when I bought my car for $109.33/mo., I was only making $2.30/hr..   Top that!! Replies to this message: farout (Dec 07, 2006 5:27 pm) explorerx4 (Dec 07, 2006 6:18 pm) sebring95 (Dec 08, 2006 6:55 am)
#664 of 1160 Re: negative equity [kirstie_h] by ray80 Dec 07, 2006 (9:51 am)
Replying to: kirstie_h (Dec 07, 2006 6:26 am) 'Man, you guys are older than dirt Hey, I could take that personally (although it might be true . My first car was financed ($500 dollar car) and whatever the payment was it hurt as I was only making $2.10 an hour at the time. Replies to this message: kirstie_h (Dec 07, 2006 9:55 am) ray80 (Dec 07, 2006 9:58 am)
#665 of 1160 Re: negative equity [ray80] by kirstie_h HOST Dec 07, 2006 (9:55 am)
Replying to: ray80 (Dec 07, 2006 9:51 am) That comment was really meant for kyfdx, who seems to have conveniently (and probably wisely) ignored it.   $500? For how long did you finance? Replies to this message: ray80 (Dec 07, 2006 9:58 am)
#666 of 1160 Re: negative equity [kirstie_h] by ray80 Dec 07, 2006 (9:58 am)
Replying to: kirstie_h (Dec 07, 2006 9:55 am) Was a long time ago, most likely a year or so, couldn't wait to get rid of it
#667 of 1160 Re: negative equity [kirstie_h] by jlawrence01 Dec 07, 2006 (10:22 am)
Replying to: kirstie_h (Dec 07, 2006 6:26 am) Man, you guys are older than dirt   I just assumed that you were talking to me. (g)
#668 of 1160 financing by qbrozen Dec 07, 2006 (10:26 am)
Geesh! you guys ARE older than dirt!   My first car payment EVER was on a new '97 Dodge Dakota. ~$350/mo. I've never had a payment lower than that since.   For reference, my highest was my wife's Pilot at $525.

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