# resale value vs. loan balance

**URL:** <https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205>\
**Category:** NYSpeed Automotive\
**Created:** [December 13, 2007, 4:39am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205 "2007-12-13T04:39:01Z")\
**Posts on this page:** 1\
**Showing post:** 32

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**Author:** ![ajm3343lp](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ajm3343lp/32/7457_2.png) [@ajm3343lp](https://forums.speedlife.net/u/ajm3343lp)\
**Post date:** [December 15, 2007, 8:38am UTC](https://forums.speedlife.net/t/resale-value-vs-loan-balance/40205/32 "2007-12-15T08:38:32Z")

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> [@MikeRi24](#):
>
> who? me? :lol:
> 
> 1992 Mustang: KBB says in “Fair” condition $2975  
> I paid $2500 cash for it and put more than I care to know into it. so yeah I’m in the hole there for sure.
> 
> 2003 Jeep Wrangler X: Excellent condition (I’d say mine is) $14,405  
> without doing the exact math, I figure i just paid about $10,000 for it, so I could easily make money on it.

> [@Yes Im making another Poll and Yes im buying a new car](https://forums.speedlife.net/t/yes-im-making-another-poll-and-yes-im-buying-a-new-car/40072/48):
>
> I owe $10,2xx I bought it for 12,000. they are giving me 12,000 towards a new vehicle. normally, i wouldnt be doing this, but they are giving me back what i paid, so im not really losing anything. as i think i previously mentioned, the $1800 ive paid off already will go towards a down payment or whatever on the new one.

Pretty sure that when I went to look at the above mentioned Jeep the tag was 14K? How’d you talk them down 4 grand on a car that they were supposedly giving you 12K toward???

Also how’d you talk the guy who sold you the Mustang down from 3800?? You must be one hell of a smooth talker.

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>
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