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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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#720 of 1160 Re: Lease release [explorerx4] by phollie Mar 18, 2007 (7:13 pm)
Replying to: explorerx4 (Mar 18, 2007 5:14 pm) Good point. Never considered brakes. The tires are in good shape. See, my point exactly. The good "angel" on my shoulder says pay the money...suck it up. But the bad angel says, its a Saab. Get out now and pay 5 grand or else you could be stuck with a leased car, over miles, needing service and heaven forbid...a big Saab like problem. Replies to this message: grandtotal (Mar 19, 2007 4:53 am)
#721 of 1160 Re: Lease release [phollie] by grandtotal Mar 19, 2007 (4:53 am)
Replying to: phollie (Mar 18, 2007 7:13 pm) Keep it. Drive it. Pay the over mileage charge at the end. Learn from that. Buy a 12 month extended warranty. Enjoy.   The fact that you don't own the car makes no difference, you are still responsible for it. Protecting yourself with a warranty if you feel you need to just makes sense. You insure it even though you don't own it, a warranty, if you feel you need one, is no different
#722 of 1160 Re: saab [bobst] by perna Mar 27, 2007 (9:54 am)
Replying to: bobst (Mar 17, 2007 6:30 am) Next time leae a more reliable car like an Audi or a Jag.   You want a REAL Saab story, buy an Audi and mile it up.
#723 of 1160 Press Request by KarenS HOST Apr 20, 2007 (5:41 am)
A reporter seeks to interview people who know or suspect that they are upside down in their car loans. (See http://www.edmunds.com/advice/strategies/articles/104952/article.html for an explanation.) Please respond to jfallonedmunds.com no later than April 25, 2007 with your daytime contact information and a brief description of your purchase and your trade-in, if you had one.
#724 of 1160 Re: saab [phollie] by blueiedgod Apr 20, 2007 (6:04 am)
Replying to: phollie (Mar 16, 2007 4:07 pm) I had just gotten the bad news that my previous Saab, that I couldn't wait to get rid of, was filled with sludge.   So, if you were not thrilled with your SAAB experience, why in the world did you give them more money?   So here I sit with a leased car with three months to go with a blown engine that they blame on me.   3 months on the lease couldn't have been more than $1000, would you have been better off just paying off the lease and turning the car in?   Was that a Turbo SAAB? How often was the oil changed?   To the foregn comment, older SAABs were Sweedish, since the mid-90's SAABs are no different than Chevy Malibu, pure American car made in Sweeden from GM parts bin.
#725 of 1160 Rub the salt in the wounds by blueiedgod Apr 20, 2007 (6:07 am)
I am in a reverse predicament.   I have a car that is worth about $20K, I owe $12K, I did not put any money down, it is 2 years old... and not sure if I should cash out, lol. I think it is at the highest point of its resale curve.   Any suggestions? Replies to this message: sky23213 (Apr 20, 2007 7:32 am) joel0622 (Apr 20, 2007 8:46 am) kyfdx (Apr 20, 2007 8:51 am) blueiedgod (Apr 20, 2007 6:05 pm)
#726 of 1160 Re: Rub the salt in the wounds [blueiedgod] by sky23213 Apr 20, 2007 (7:32 am)
Replying to: blueiedgod (Apr 20, 2007 6:07 am) I feel your pain, I'm pretty much in the same boat
#727 of 1160 Re: Rub the salt in the wounds [blueiedgod] by joel0622 Apr 20, 2007 (8:46 am)
Replying to: blueiedgod (Apr 20, 2007 6:07 am) I have a car that is worth about $20K, I owe $12K, I did not put any money down.   Did you trade a paid for car in? If not please share with us what kind it is? Replies to this message: kyfdx (Apr 20, 2007 8:51 am) blueiedgod (Apr 20, 2007 6:05 pm)
#728 of 1160 Re: Rub the salt in the wounds [joel0622] by kyfdx HOST Apr 20, 2007 (8:51 am)
Replying to: joel0622 (Apr 20, 2007 8:46 am) Easy... Honda CR-V..   Mine is worth $11K-$12K and I owe nothing...
#729 of 1160 Re: Rub the salt in the wounds [joel0622] by blueiedgod Apr 20, 2007 (6:05 pm)
Replying to: joel0622 (Apr 20, 2007 8:46 am) I have a car that is worth about $20K, I owe $12K, I did not put any money down.    Did you trade a paid for car in? If not please share with us what kind it is?   Sure, as KYDFX said, it is a Honda CR-V.

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