05-26-2009, 11:03 PM
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#24 (permalink)
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Base Member
Join Date: May 2009
Location: Milky Way
Posts: 40
Drives: Enzo
Rep Power: 17
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Quote:
Originally Posted by ChrisSlicks
If you're upside down on your current loan then they aren't going to deal. If your credit is decent then sign up with PenFed and get a second loan at 3.99% for the new car and sell the current one over the next 30 days.
The $12K trade-in sounds about right for a loaded 03 350Z, mods don't apply well to resale unless you can find the right buyer unfortunately. You could potentially do better with a private sale, however a private buyer may be concerned that you don't have enough cash to clear the title. Even if they write their check directly to the loan holder they need to know that you can pay the balance in cash.
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I'm not sure what you're referring to but the 350Z is paid off. The house was on short sale and that deal is done. I'll probably either have to return to stock or sell the car as-is.
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