Okay, here's my question.
I drove the same vehicle for 6 years and was very close to paying it off. When i impulsively went and picked out and financed a brand new RAM last July. (during a 6000 cash back deal)
Then Gas prices jump what 50 cents at least, and trucks are all over the lots. MPG's have never bothered me, i mean i drove a jeep that got maybe 13/mpg's. but i'm not happy with my truck. its too big and i have literally changed my mind. talk about buyers remorse big time!
I want to the do the same!!! So what now!?
What are my options?
2007-11-28 05:41:15 · 9 answers · asked by ♥ Eiluj 3 in Cars & Transportation ➔ Buying & Selling
I understand that i've potentially screwed myself in a sense, but i'm just hoping to discover knowledge and options ...
2007-11-28 05:46:24 · update #1
not much you can do.. you might be able to trade down. i.e go back a few years and prices might off set each other alittle
2007-11-28 06:08:49 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The best thing is to use this as a learning experience. Keep the truck and you won't wind up going backwards as well as more upside down. (makes me dizzy just thinking that way). A lot of people are in your boat, so don't feel like you are the only person feeling this way. Good luck.
2007-11-28 15:30:17 · answer #2 · answered by Otto 7 · 0⤊ 0⤋
To put it simply, you're screwed. You have a vehicle that you probably owe more on than it's worth. The minute you drove it off the lot, your truck lost about $4,000-$5000 in value. You couldn't see the writing on the wall regarding gas prices?
2007-11-28 19:08:31 · answer #3 · answered by Scott H 7 · 0⤊ 1⤋
You could sell it privately or use it as a trade in for something more your size. Since there seems to be an overload of trucks in your area, you might consider going to another town to see if you could get a better trade in.
2007-11-28 13:46:29 · answer #4 · answered by bettyrubleinspurs 4 · 1⤊ 1⤋
you would be better to keep it another 6-9 months and then trade it or sell it as you owe more than it is worth and you will be out of pocket the differance in payoff.
2007-11-28 13:52:01 · answer #5 · answered by glock509 6 · 1⤊ 0⤋
THE ONLY OPTION THAT YOU HAVE IS TO SELL IT OUTRIGHT AND HOPE THAT SOMEONE WILL BUY IT.
ADVERTISING REALLY HEAVY NOW IS A GOOD TIME BECAUSE HUNTING SEASON JUST STARTED, SO YOU CAN TAKE PICTURES OF IT AND ALSO POST THEM AT STORES IN SMALLER TOWNS ALL AROUND YOUR AREA.
GOOD LUCK
2007-11-28 15:51:47 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Place it in the river !!!! Sorry but I had a Dodge Rumble Bee with a Hemi, the thing was a pain in the butt.
2007-11-28 13:45:06 · answer #7 · answered by kim t 7 · 1⤊ 1⤋
The only option is to sell it but I'm guesing you owe more than it's worth. Good luck with that!
2007-11-28 13:44:33 · answer #8 · answered by abizzell4hire 6 · 1⤊ 1⤋
Trade it in for a dodge Caliber!
It's awesome and it's a gas saver :)
2007-11-28 13:52:28 · answer #9 · answered by ♥Princess84♥ 2 · 1⤊ 2⤋