General financing/trade-in/ordering question

daimon1313 · 09-15-2010, 03:36 PM

Yeah, well if I had the ability that's exactly what I would do. Sell this thing now while it still has some reasonable value, and get the car I really want.

Problem is, I don't have the cash at the moment to make up for how much I'm upside down on the loan. I will have that cash in 3-4 months, however. Easily.

I don't anticipate the Sonata depreciating much more over the next four months, since the 2011 Sonatas (a new gen) have been out since last March. Obviously, I'd much rather just sell now and get it over with.

I know that one way or the other, I'm know I'm going to hurt somewhere.

In a perfect world, I'd be able to use this cash to put down directly towards the Z. But the reality is I made a decision that's put me in a crappy situation now that I want to change cars.

So, I guess my goal is this: Put forth enough cash towards the Sonata so that when I am ready to trade it in, I'm not completely upside down on it. Hopefully, I'll also have enough cash to put towards the Z as well, but if not....I can afford the payments.

Once again, thanks for all the help.

TreeSemdyZee · 09-15-2010, 04:05 PM

Take it from someone who has been there (upside down and divorce). Baby steps.

09-15-2010, 03:36 PM	#1 (permalink)
daimon1313 Base Member Join Date: Sep 2010 Location: Dallas, TX Posts: 56 Drives: '10 Hyundai Rep Power: 17	Yeah, well if I had the ability that's exactly what I would do. Sell this thing now while it still has some reasonable value, and get the car I really want. Problem is, I don't have the cash at the moment to make up for how much I'm upside down on the loan. I will have that cash in 3-4 months, however. Easily. I don't anticipate the Sonata depreciating much more over the next four months, since the 2011 Sonatas (a new gen) have been out since last March. Obviously, I'd much rather just sell now and get it over with. I know that one way or the other, I'm know I'm going to hurt somewhere. In a perfect world, I'd be able to use this cash to put down directly towards the Z. But the reality is I made a decision that's put me in a crappy situation now that I want to change cars. So, I guess my goal is this: Put forth enough cash towards the Sonata so that when I am ready to trade it in, I'm not completely upside down on it. Hopefully, I'll also have enough cash to put towards the Z as well, but if not....I can afford the payments. Once again, thanks for all the help. __________________ Saving up now for a NISMO 40th Anniversary. Hopefully. Maybe. We'll see. Definitely a Z though.

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09-15-2010, 04:05 PM	#2 (permalink)
TreeSemdyZee Premium Member Join Date: Dec 2009 Location: Kentuck-IANA Age: 62 Posts: 4,888 Drives: '09 370 & ‘14 Juke Rep Power: 27410	Take it from someone who has been there (upside down and divorce). Baby steps.