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Trade in a newer car for an older one?
15 messages, Last post on Apr 20, 2012 at 6:55 AM
You are in the Infiniti G35 Forum.- Your Hosts are Kirstie@Edmunds & Karen@Edmunds
What is this discussion about? Infiniti G35, Scion tC, Infiniti M35, Car Buying, Car Selling, Coupe, Sedan
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#12 of 15 Re: Trade in a newer car for an older one? [jamerob02] by corvette
Apr 19, 2012 (8:03 pm)
Replying to: jamerob02 (Apr 19, 2012 12:13 pm)
If you refinance it, the monthly payment will be lower, but you will also be resetting the clock--if you refinance for 60 months, you will be making payments for 60 months from today, plus however many months you have already been making payments on it. The resale value on an Infiniti will not be that different than a Scion, but the Infiniti is a nicer car. Any repair cost will be higher on the Infiniti, but they are fairly reliable. Insurance and taxes will be higher on the Infiniti. I would suggest refinancing the Scion to a lower interest rate but continuing to pay the same monthly payment amount as you are now. You will end up with a car that is fully paid for sooner this way.
#13 of 15 Options by anonymousposts
Apr 20, 2012 (6:35 am)
why not consider a used TSX. It will be nicer than the Scion, just as reliable, and cheaper than the Infiniti. A G35 will be more expensive to maintain, it is a performance car, which means more expensive tires, brakes, etc.- Kirstie@Edmunds (Apr 20, 2012 6:55 am)
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#14 of 15 Re: Options [anonymousposts] by Kirstie@Edmunds HOST
Apr 20, 2012 (6:55 am)
Replying to: anonymousposts (Apr 20, 2012 6:35 am)
And I can testify that the G goes through both fairly quickly. New tires for my G were about $900. By comparison, my Ford replacements were under $500. New brake pads & rotors (because you have to replace rotors w/pads on these) came to over $300, and I can't recall whether that was all 4 or just 2.
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