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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

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Leasing


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#660 of 1160
Re: negative equity [kyfdx] by kirstie_h HOST
Dec 07, 2006 (6:26 am)
Reply

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).
#661 of 1160
Re: negative equity [kyfdx] by lemko
Dec 07, 2006 (7:38 am)
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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)
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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!
#663 of 1160
Re: negative equity [lemko] by kyfdx HOST
Dec 07, 2006 (8:04 am)
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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!!
#664 of 1160
Re: negative equity [kirstie_h] by ray80
Dec 07, 2006 (9:51 am)
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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.
#665 of 1160
Re: negative equity [ray80] by kirstie_h HOST
Dec 07, 2006 (9:55 am)
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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?
#666 of 1160
Re: negative equity [kirstie_h] by ray80
Dec 07, 2006 (9:58 am)
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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)
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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)
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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.
#669 of 1160
Re: negative equity [div2] by w9cw
Dec 07, 2006 (1:26 pm)
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Replying to: div2 (Dec 06, 2006 7:42 pm)

div2 wrote: "I doubt that I could endure owning an Elantra for 84 minutes..."
 
Funny, since I sold a Civic, and bought a 2006 Elantra (paid cash), and am happy that I did. The Elantra is a much better car than the previous generation Civic. When you've owned both as my wife and I have, you'll know what I mean.
 
Hyundai, unfortunately, is still the laughing stock with some uninformed consumers, just as Honda and Toyota were back in the '60s and '70s. I remember when I bought my first Honda - a 600 coupe in 1972; people thought I was crazy, and laughed every time I drove the car. They're not laughing at Honda now, and those who make fun of Hyundai, will also not be laughing.
 
Like Mikey was told (paraphrasing of course): "Drive one, you might like it!"

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