can one suggest what i need 2do i have an 04chevy malibu, want to get an 06'Accord what must,or can i do w.04'

Question

its an 04 chevy malibu..upside down n payments

Answer 1

The easiest thing to do would be to trade the 04 in. Let the dealer "roll" the negative equity into the payments for the Accord. I would also recommend you lease the Accord if possible to avoid these situations in the future. The best thing to do would be to accept the fact that you made a mistake buying a Malibu to begin with and ride the loan out. You will never have equity in a Malibu until it is paid off.

Answer 2

To roll the Malibu over into the Accord is just a waste of your money. You already are paying interest on that original Malibu loan and now it will have interest put on it again with the Honda loan.

You have 2 best options here:

1. Increase your payments on the Malibu to get its payoff down to the trade in value a dealership has given you. In turn trading out of the car even, no rolling over.

2. Sit back and just suffer in the Malibu and not buy a newer car now. Continue the payments and if possible pay more when you can to get the pay off lower for a future time of wanting to trade it in.


You are upside down now in the Malibu...to roll over money into the Accord will just put you into this same situation in a few years but in a worse way cause you will owe even more. And on top of that a Honda is more expensive to repair after a few years than a Malibu is, so on top of being deeper in debt you will have higher mechanical bills.

Your Malibu is 2 years old, there is no major or even slight difference between what you have and what you want, the Honda Accord. Sounds like its more of a status or a "want" over a "need".

Answer 3

I had an 02 Malibu and upside down in payments. I got into a 06 Nissan Titan buy doing a lease option to buy to get out of the upside down.

Answer 4

First Honda's are great and reliable vehicles. I owned a 1988 Honda Accord the gave me over 325,000 miles, I now own tan 06 Honda Ridgeline, great vehicle. The 06 Honda Accords are more roomier than previous models and it drives great.

You have two options, it really depends on what you want and how much time you have.
1. Do what the previous individual told you trade the vehicle or
2. You can sell it on your own (this has shown to be more profitable for some)

Good luck on whatever decision you choose.

Answer 5

if you trade it,,you and i both know your not going to get the worth of it,,at the dealer ship,,the best option is to put the 04 up for sale,,you will get more out of it like this,,than if you trade it in,,if you must go ahead and get the other car,,it might actually help you sell the 04 quicker,,because you can run an add in your local paper,,or auto trader,,and this way you will have the time to deal on the car,,and you wont have to take,,what-ever you can get,,take your time,,and you wont loose money,,but if you get in a hurry,,people will think your desperate to sell,,hope this help,s some.

Answer 6

You may as well just keep the malibu and drive it as long as it goes. You'll never come out ahead in it, and they are reliable cars, so it's probably just better to drive it another few years.