SkyWitit23

Yeah dude I walked away man, im gonna try and double the payments , that c6 is looking really good lol now should I really cancel the extended warranty? And throw it to a bill?

Bmr4life

You said $1700 right? How many miles you got now? My 05gt had 75k on it driven hard and never had major issues. Only things I had were dead alternators (50/50 it was my fault) and clunky front suspension.

Jay Bird

You can't afford it. You shouldn't even consider financing another car. Sell your current one, take the hit on your bad deal, go buy a $500 beater (yes there are such cars), save up all your extra cash, and pay off the debt. By that time you will have learned your lesson.

Never buy a new car they are one of the worst investments. Pay cash for used cars at least 18-24 months old. Let someone else pay for all the depreciation.

Car dealers are such crooks. Next time tell the guy you come to buy a car - not a payment.

SkyWitit23

1200 for the warranty 1700 was the gap too, but they was giving me gap with then deal..I will never buy a car with out gap..but 25k

Bmr4life

I think gap is only needed when you owe more on the car than its worth. I know you are in that current situation, but you won't be forever.


This is my first new car, had 5 before it. New is freaking awesome. Something like the new mustang is difficult to find used, it just came out. So your options are to either wait until more used ones are available, or try to find a deal on a new one.

My mom just bought a used 2010 S4, she wanted a particular color with the red interior so it took her several months to find one. She called dealers all over the US. One in Texas gave her a ring when one was coming off lease, she snatched it up.

Something else to consider is people aren't buying new cars as much, they're holding on to their current vehicles. This is causing a shortage on used vehicles as well as driving their prices up. I got my new mustang for the same price as an equally optioned used one if not a little less since I got 0% financing.

dmhines

FYI. there is no GAP insurance that will cover that large of a difference in loan to value. Read the fine print because you are getting scammed there as well.

SkyWitit23

Yeah Know it don't cover rolled over money.

I'll prolly just keep it for awhile maybe supercharge it idunno. Prolly Better off saving the money, and making more monthly payments.

bakerjd

From my short stint in car sales (I'm too honest for that sort of thing!) I can honestly say that this an AMAZING point! Ignore the salesman when they try to spin it into a payment. It's a stupid sales tactic and a douchebag one at that! Educate yourself and do the math on your own. Don't buy in to what car salesman say. They are ALL full of ****.

SkyWitit23

Yeah dude I hear ya, that's why I walked away from it, but I need to figure out a way to get out of the negative equity , making more monthly payments is hard at this point but is prolly the only thing to do to get it down.

Bmr4life

Only thing you could do is buy a beater.