Quote:
Originally Posted by m4a1mustang
Don't you just end up spending more money by jumping to a newer MY even though you are "lowering" your payment. Bad way to think about it, IMO. Total cost is important, not monthly payment.
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Couldn't have said it better.
Quote:
Originally Posted by shadoquad
Plus term of the loan is important. If you go from paying 300 bucks a month (made up figure) for 2.5 years, then owning it outright, it's a better situation than paying 275 a month for the next 6 years for roughly the same car. I'm betting the added cost will be more expensive than aftermarket parts to perform the same power bump.
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Quote:
Originally Posted by kenchan
unless you REALLY want the 2013's new facia, wheels, suspension, etc it would be smarter to keep your current one. you'll end up paying a lot. |
Of course, the salesman is excited. You are nearing the end of paying Nissan payments, and they want to do is keep you there. The salesman gets his comp and Nissan gets to keep collecting from you. Pay it off and then mod it to keep it new. Then you are not stuck to a payment if things get tight.
"The borrower is slave to the lender."
