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Automotive News & Views Chronic Car Buyers Anonymous
16764 messages, Last post on Mar 21, 2010 at 11:17 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: fezo (Nov 16, 2009 8:47 am) 
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Replying to: stickguy (Nov 15, 2009 9:55 pm) I am at a 16 months with a company car and so far the urge to get something new has not been too strong .....thank goodness.
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that's basically what I do (the inherent cheap genes run deep). whatever my car is worth (trade or private) + whatever I feel comfrotable writing a check for, and bingo, that's what I can afford. Might consider a s/t loan for the family truckster, only because they tend to cost more. For that, I use my "don't borrow more than 10K" rule. |
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| 2002 Lexus GS430 85k Nav & Mark Levinson Silver/Gray ... should be around $12,900. I am knocking on wood and hoping nothing happens to derail this purchase... | |
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Replying to: guss (Nov 16, 2009 12:35 pm) But that means you keep degrading. I mean, on a $10k car, the profit for the dealer will be 20%. So, you are essentially moving between cars of equal value. Then driving for a year or 2, and moving again to a car of equal value. Eventually, you wind up with a beater. I guess you had to "upgrade" at some point, no?
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Replying to: qbrozen (Nov 17, 2009 7:57 am) I have had to give up some options, like seat heaters. Never again on that one, they are not an option for these old bones. |
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Is there any realistic way to trade in a relatively late model luxury car for a less expensive vehicle? My goal is to get out of having two relatively high car payments. I know I could put $10,000 down, but realistically, about $2500 is where I'd max out. Maybe something used?
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Replying to: phollie (Nov 17, 2009 2:39 pm)
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Well, pay off your baalnce, and your payments go to zero. other than that, you can always try to sell one car and get something much cheaper. But most people are really looking to move from a 2008 Lexus to a 2002 Sentra. But if you are serious about cutting car expenses, that is the way to go. The other common approach is getting into a subventred lease. Could lower your payments, but of course you will never own the car. Like Jay said, need details of the current cars, loan balances, and what exactly you are trying to accomplish. But, if you are heavy on the negative equity, only a large suitcase full of cash is likely to get your payments down! |
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Replying to: jayrider (Nov 17, 2009 3:11 pm)
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