12-27-2011, 06:01 PM
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#6 (permalink)
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Track Member
Join Date: Feb 2010
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Quote:
Originally Posted by babbagandu
Thanks, you make some good points. My payments are not too bad, they are slightly under $600... but this is because I got a 6 year loan. And the idea of paying for this car for 6 years is starting to bug me. If I really cut down on all other spending I could probably pay 2k-2.4k every month and pay it off in the next couple years, but I would not have any money left over to save after my other expenses
At this point I owe about 34k on the car. I would just do a private sale and hopefully find a buyer for close to that much. I know a trade in would be a ripoff
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You will probably be able to sell a 2009 Nismo for $29K, meaning you'll be upside down $5K. That means you will be paying $22K used car + $2K taxes + $5K upside down in loan = ~$29K. You will probably only save like $5,000. NOT WORTH IT!
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