if you do manage to pay down your loan to the point that you can sell it for break even then you’ll have paid an insane $/mile to own this car. I can only assume you put down almost nothing on this car and really did purchase a lot more then you should have given your circumstances.
so basically what I’m saying it’s you’re fucked if you sell it, you’re fucked if you keep it… and you only have yourself to blame.
I say this in the least insulting way I can, it’s just the reality of the situation.
Which is less damaging in the near / long term…?
there is no right answer to that. All I can say is if you can’t afford to make payments and go to school then sell it at a loss before you get into big $$$ trouble. the loss will suck, but the benefit to being young is that you’ve got time to make more money.
Really? Then what is all of this:
All I can say is if you can’t afford to make payments and go to school then sell it at a loss before you get into big $$$ trouble. the loss will suck, but the benefit to being young is that you’ve got time to make more money.
does anyone really care?? y are you even posting this on the internet? shouldnt you be asking your parents for life advice instead of doing it over a forum. if u wanna find out if its going to be cheaper GO TO A BANK THATS WHAT THEIR JOB IS
why is that? i’ve been with my girlfriend for 4 years.
you’ll find out and another post like this will happen.
No, a bank’s job is to make money. Going to a bank and asking if refinancing is a good idea is like going to a car salesman and asking him what a good price on a car is.
He’s received some very good advice here.
As for moving in with the high school sweetie… yikes. All I can say is at least with that mistake you’ll only be bound by a 1 year lease, not a 5 year loan.
.
damn the next time i get in trouble i will post it up here n let ppl tell me what i should n shouldnt do.
haha. we actually get along quite well. it’s a big step but we really want to make it happen
and thanks again for everyone for the advice.
^You have a good thing going. That will probably screw it up. Everything that is good about it will change.
easy money: http://nyspeed.com/forums/showthread.php?p=854691#post854691
Just sayin.
haha…maybe.
if you have stock parts for it, return the car back to stock complete, part out everything you can off of it that is aftermarket, and see where you stand then, taking a $500 loss now would be better than not making your payment and screwing your credit up. Worse comes to worse, borrow money from a family member, that will allow you to pay them back, even offer some interest on the money you borrow from them, PAY THEM BACK the moment you can, and drive something like th $5k focus, it will be reliable, and anything that might break is an easy fix.
I will second the notion that moving in with a your GF when you are young is retarded.
i was waiting for you to post lol.
right now i just might do that. i have to talk it over with my dad and see what he wants to do because the car is in his name.
and i dont think its retarded for moving in with her.
here’s an option… give the car to your dad who can hopefully afford it, he takes the payments, you get something cheap.
he can’t. he has to pay all the bills now since my mom is moving out so he can’t really afford anything right now.
DO NOT MOVE IN WITH YOUR 19 YEAR OLD GF!!!
This is a much worse then buying a Cobalt SS.
You will thank me in 5 years for this advice, trust me.
Shit like this I am not going to be a dick about, 10k HIDs and no snow tires are one thing, but sometimes the best way to learn is the hard way.
Talking it over with your dad might be the best, he might split the payment with you so you are able to go to school or what not, who knows. I still think driving a completely stock SS/SC would be a way to get a couple payments covered and buy yourself some more time to get things figured out.
EDIT: never mind part of the last part, just saw your other post.