I had $3400 in negative equity on my Trans Am when I traded it in toward the V. Thankfully I got a good deal on the V, so I really ended up buying it for right around market value anyway. Plus my interest rate was nearly cut in half so my payments actually went down with the new car. Where I really lost money was the eight grand in parts and time installing them(myself) on my TA.

 

Very few banks will go 125% loan to value anymore... most are 110% and some not even that any longer.

LOL at people who think the dealer will actually pay off your car... you're simply rolling your negative equity into the cost of the new car.

 

yea i wouldn't do it unless you really needed a new car. i traded my 05 F150 for my 06 after i got promoted and had to payoff a shitload of neg equity. but i really wanted out of that stripped out truck.

ford did family pricing 2 weeks after i bought my 05, i got my 06 in april 06 for like 6k under sticker, but i had to cough up alot of money since the bank wouldnt let me finance over 26K at the time.

I'll never cough up several G's and finance close to sticker like that ever again!!

when i traded the 06 for my 08 GT i only had to cough up 1700 bucks.

I want a 2010 stang, but most likely won't do it unless i can sell my 08 for a decent amount.

 

I don't understand how you guys can stomach trading cars and pissing away so much money so often.

 

DONT GO TO RK CHEVY THEY WILL FUCK YOU.

 

You guys do know it's all a negotiation right? You only "get fucked" if you let yourself.

 

honestly? if i had waited 2 weeks, i would have gotten an 05 F150 XLT or a Lariat, kept it, paid it off, and who knows what now. the 98 being down so long had me looking elsewhere, and i really like the 05-09 stangs so i got one. i think i'm going to stay with it for a while though. maybe pick up a used diesel or at least a better truck than the chevy i have now.

shit just happens sometimes.

 

everyone knows that. only a dumbass or someone with a hookup would pay thier prices.

 

too much of a perfect world for a dealership to pay your entire loan off, then go sell your old car to some sucker for equal/more $ and move a nice $15-20K car off their own lot huh? hahha, thats what i was hoping for, but chances are i'd be fucking myself...

thanks for input people