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Okay, I am mentally ill. Right now I have delusions of owning a 2.3l Focus (I guess sparked from FC's initial findings/work).
2004 model information should start becoming availible in late-August/early September. So, that gives me about 4 months. (probably more, since I don't know when I would take delivery)
This would also let me order a model the way I would want it, stripped down to save weight (and also money). Also, I have a chance to acquire a better interest rate.
However, I currently owe a little over 9k, and I'm hoping for a trade-in at around 6k (as of right now). I'm making payments of 282 a month to my credit union where I work (which is at 6.5% I think, the best I could have gotten anywhere at the time).
I'm planning to go there to speak to them about upping my payments, so I can try to reduce the deficet between what I owe and what I can get. I'm thinking 380 a month is easy, but would that be enough?
Or, should I roll the difference into the new car's loan? I would think it would be better to pay what I can now.
I also plan to drive my beater as much as possible to keep the milleage low. Currently at 27,000 mi. I also have all my original parts, so I can revert it back to normal. (I plan to keep my all my suspension bits, and sell the engine bits)
Who knows... by September, I may not want it any more. But if I did, I figured planning ahead could help.
What is everyone's opinion and/or suggestions? I've never traded a car in before, so anything is helpful.
Thanks.
2004 model information should start becoming availible in late-August/early September. So, that gives me about 4 months. (probably more, since I don't know when I would take delivery)
This would also let me order a model the way I would want it, stripped down to save weight (and also money). Also, I have a chance to acquire a better interest rate.
However, I currently owe a little over 9k, and I'm hoping for a trade-in at around 6k (as of right now). I'm making payments of 282 a month to my credit union where I work (which is at 6.5% I think, the best I could have gotten anywhere at the time).
I'm planning to go there to speak to them about upping my payments, so I can try to reduce the deficet between what I owe and what I can get. I'm thinking 380 a month is easy, but would that be enough?
Or, should I roll the difference into the new car's loan? I would think it would be better to pay what I can now.
I also plan to drive my beater as much as possible to keep the milleage low. Currently at 27,000 mi. I also have all my original parts, so I can revert it back to normal. (I plan to keep my all my suspension bits, and sell the engine bits)
Who knows... by September, I may not want it any more. But if I did, I figured planning ahead could help.
What is everyone's opinion and/or suggestions? I've never traded a car in before, so anything is helpful.
Thanks.