OK! I just left CarMax! I have an 05 Pathfinder with 72,000 miles and still owe $16,000. CarMax is going to give me $11,000 for my car. Do I trade and take the $400.00 car payment. I currently pay $472.00 a month. I do not know what to do! If I take the car it is an 03 infiniti with 98,000 miles and the cost is $15,000. It really doesnt sound like a deal but the lower my payments the better. I cannot afford the car that I have now so I need to make a decision quick! BUT WHAT?
2007-12-04 13:52:30 · 6 answers · asked by Lance D 1 in Cars & Transportation ➔ Car Makes ➔ Infiniti
I agree with the 3rd poster, you are an idiot to trade in your perfectly fine Pathfinder for an older car that is going to cost you more! What 03 Infiniti with 98K miles is worth $15K anyway? If you need a vehicle that big, then get a used American SUV for half that price. $72 a month saved today for a new longer loan is a bad idea, and imagine how much more the maintainence and repairs are going to be on that older car you are buying. If you have some sense you will either keep the Pathfinder or buy a used car for under $10K (2002 Maxima's can be found for $7-8K in the want ad's). The worst thing you can do is make the deal you listed above.
2007-12-05 07:12:06 · answer #1 · answered by beavanjb 7 · 1⤊ 1⤋
I wouldn't do it... I have a infiniti fx with 50k miles and its in the shop all the time - at 98k you will spend so much money keeping it up to specs it wont be worth it. I love the car but it is like a fine sports car which will require alot of babying and attention... The 05 path is a sweet ride - plus if you take that deal you will still owe 5000 on the Path PLUS the value on your new car- Keep your car for now. IF you take that deal, you will still be upside down as far as the value of the car and the amount you pay. It is a sweet ride but it is definitely not a ride you want if you are at all concerned about cost ( eats of 93 octane only as well ) . Wait till you get your money right, get a better job, and can find a vehicle with less miles on it. Who knows, in a year or so, you might have the dough to get a 2009 redesigned model !!
Good Luck
2007-12-08 14:43:58 · answer #2 · answered by mslewis32 4 · 0⤊ 0⤋
This is what I use to decide what...
How much for the car as far monthly payments, add fuel consumption, insurance and maintenance. That will give you the TCO (Total Cost of Ownership) for the year or month. That will give you a good way to fit your budget. See how much you can spend from your wallet on a car. Like allocating $500 a month, that is payments, insurance, maintenance and fuel. It sounds a lot but is not much with today's cars. You will be surprised how much money is wasted on vanity and the biggest spenders of money are cars, does not matter what brand is it. In a move like that, you might end up shifting the savings from the car payment in paying more for insurance. Consider that also, the bottom line is, you might be paying for a vehicle as much as before and be deeper in the hole.
Seems now days, cars owns the owners not the other way around. For me, no car owns me, so I drive some that is within my price range and still have money left to travel too and enjoy life.
Now, do not go crazy because is an Infiniti, or Lexsucks or Acura or anything like that. What good is, to have an expensive car that you can barely make the payments and no money left to enjoy yourself, family and even repair it. Try considering another model and perhaps you will be happier in life. No the car of your dreams but you can afford now a nice dinner downtown or that nifty entertainment system. Is all about economics. Consider other models too. I have experienced domestic cars and I can say they came a long way since their mediocrity back in the late 70s and mid to late 80s. If you want to stay with Nissan consider the other vehicles from Nissan and forget the Infiniti. Perhaps you could walk away with a newer under warranty Nissan than an used up Infiniti. Sometimes we all eat crow one time on our lives for getting ourselves out of a hole.
2007-12-04 22:06:47 · answer #3 · answered by spammer 6 · 2⤊ 1⤋
You should get an Infiniti instead of a Pathfinder.
2007-12-08 12:30:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you owe more than what they'll give you and your payment will only go down by $2... doesn't sound like a good idea to me...
2007-12-04 22:01:21 · answer #5 · answered by ME 2 · 2⤊ 1⤋
try to sell it on the private market for more.
2007-12-04 22:04:11 · answer #6 · answered by shmad 2 · 2⤊ 1⤋