How can I get out of my 2004 Trailblazer...we are upside down and want to lower our montly payments!?

Answer 1

In the car business and see this all of the time......do a lease on your next vehicle....you will have to roll the negative equity on the next car......but at the end of the lease you will have "burned" up the "upside down" situation.....do not go past 36-39 months on a lease.....go 15,000 miles per year......negotiate the price first on the purchase as well as the trade in-value....go in prepared with Internet research......DO NOT GET PAYMENTS until you settle the best price and trade value.....then ask for a lease with no money down.....ask for the factor if that is what they are using instead of an interest rate.....multiply it by 24 and that is the actual rate.......ask them if this is the "buy" rate....how much are they marking it up???......when you get the payment after all of this.......every $1000 down will bring down the payment $30.....you go from there.......DO NOT LET THEM get you on the PAYMENT approach....when you settle on the best price and trade value then and only then......look for payments..........offer them $300 over invoice and ask for NADA trade on your car........DO NOT GO TO PAYMENTS FIRST!!!!.....PS: DO NOT COME TO ME!!!........"budget wise payment wise, where were you hoping to be?"..........STOP!!!!! DO NOT GO TO PAYMENTS FIRST!!!!!!!!!!!!!!!!!!!

Answer 2

You can be upside down by buying used, as well.

There's really no way to lower your payments AND get out of an upside down situation without serious cash - there's no free ticket. If you get into another vehicle, you're in a worse position, since you'd be even MORE buried, paying way to much for that vehicle and really hating life if it isn't the best thing on the planet.

The only way to do it is to find a vehicle with a huge rebate, beg the dealer to take a hit on it, and hopefully make it work - the problem is that anything that's priced lower that would drop your payments doesn't have huge rebates. You also have to have good credit to get a good "advance" on the value of the vehicle, or your ship is sunk.

You're asking this question at a good time of the year, though, since the manufacturers are upping their rebates steadily until the new models hit.

Answer 3

Should have bought used. The resale value of a new car drops immediately after purchasing. The only reason to buy new might be to get specific options on the car that you want. If it's a warranty you're looking for you could always buy new enough model that is still under the factory warranty, that is, unless the current owned has altered it in any way that would void the warranty.

Answer 4

your math is a techniques incorrect...way incorrect. the fee of that odyssey is going to be $22,000, no longer $12,000. You owe the economic business enterprise $12K for the audi. your commerce interior the audi for $10k the broker will pay the economic business enterprise the $12K pay off. They dont save on with the $10K to the recent motor vehicle as a chit. you nevertheless owe that funds. the broker rolls the greater $2K into the recent motor vehicle (odyssey) BAM.... your charge basically went up $seventy 5 per 30 days you could desire to talk to sales person in-intensity earlier you're making this pass. you will need you probably did in case you do this deal without some good recommendation.

Answer 5

wow thats a bad choice for a time like this...think about it high mo/payments+high gas prices+gas eating machine= your screwdd..............ask family freinds if you can barrow for a while.it would have helped if you put a bigger down payment