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contemplating a downgrade

Originally Posted by Notsud 13 tough one, the question is...will you be upside down on your trade in? if you buy a low 20s car, lets say 22k...and you owe

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Old 12-27-2011, 07:36 PM   #9 (permalink)
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Originally Posted by Notsud 13 View Post
tough one, the question is...will you be upside down on your trade in? if you buy a low 20s car, lets say 22k...and you owe another 5-6k on your 370z after the trade in...then youll be financing 28k which wouldnt make much difference on your car payment.
You can eat depreciation over a few years, or you can eat it all at once when you trade a vehicle in. You lose the same amount if you buy a car today, trade it in tomorrow, as if you kept it for 6 years. Either way, it's money OP is going to lose. Might as well save an extra $150/mo while losing it.
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