I was in an accident and my car that I loved and had been making payments for was "totaled out" - the payment I received on it was used to pay off my remaining payments. Any leftover was used towards a down payment on my "new" car, a 2003 Infiniti QX4. I love it, but I feel kind of like I was wrangled into it. A few months later, I really feel that I can't "afford" it and wish I had gone with a cheaper alternative. Since I have not "bought" it and am still making payments, I am wondering what my options are. I haven't put a lot of miles on it ... I can't imagine I'm the only one that's ever been in this situation. Live and learn, I feel like such an impulse buyer ...
2007-03-13 14:05:35 · 6 answers · asked by bubbleyumbunny 2 in Cars & Transportation ➔ Buying & Selling
well in my best advice is to pay on time for a year and then trade it in so you are estabglishing a good payment schedule and can lower your interest rate when you trade in on the new new car. And maybe get back some of the money you have spent while paying for the old new car.
i would check out nada.com kbb.com and also a dealer website to see how much you car may go for in a year with an estimate on the milage. if it is consideralbe less try and contact car max they may buy the car out right give you enough to pay off what you owe now and give you a considerable enough amount to put the down on what you really want - but wait at least a amonth before buying again lol >;-)
2007-03-13 14:18:20 · answer #1 · answered by shears200 2 · 0⤊ 0⤋
I talked to my Wife about this she is a finance agent for a major Car Manufacturer. She say to go back to the dealership where you bought the vehicle from and explain the situation and look for a cheaper car. You maybe upside down on the new vehicle you get but in the long run you will have a cheaper payment. If you are not comfortable with the dealership you bought it from try others but remember you are in control NOT the salesmen selling the car. He or she needs you a lot more than you need them. The other option is to try to sell the Vehicle outright and pay it off and then go looking for another vehicle.
2007-03-13 16:49:19 · answer #2 · answered by know it all 2 · 0⤊ 0⤋
Sure... sell it, pay off the note, and buy another car.
You can't make the finance company take it back, or anything like that.
Everybody feels indecisive. But I think you're wasting your time trying to work an angle to "get out". Obviously you DID buy a car and you DID commit to make the payments. Denying that will just trip you up. Part of your power is your responsibility. Take your power and get what you want!
2007-03-13 14:36:30 · answer #3 · answered by Wolf Harper 6 · 0⤊ 0⤋
You can't exchange a car. The only option you have if you want cheaper payments is to refinance at a lower APR. If you have money to use as a downpayment, refinance putting $1-2K down and I'm sure you will get a better rate if your credit is good.
2007-03-13 14:23:31 · answer #4 · answered by Ann507 2 · 0⤊ 0⤋
Disagree. Steve Nash remains in that vehicle; even regardless of the indisputable fact that this is Deron Williams using and a wholesome Chris Paul interior the passenger seat. Rose remains waiting on the bus end for his time to return.
2016-12-19 04:52:37 · answer #5 · answered by ? 3 · 0⤊ 0⤋
if u got on a dealship agency,, then yes u can... this happens to alot of ppl.. lol, im pretty sure u can refinance something cheaper...
2007-03-13 14:18:17 · answer #6 · answered by roninhdz 1 · 0⤊ 0⤋