Keep CR or go with some thing cheaper??
You might be better off keeping it... for one you're going to have a hard time finding a bank to give you a loan with $10k in negative equity on it, banks right now want solid assets not something where if you default they're still short $10k after taking your car, let alone more depreciation. If you do happen to get approved, your interest rate will be out of the roof. So your payment might not be much lower than what it is now.
Thanks now that i think about it i have great credit for my age. And on this loan for the S was the highest i have got in a while 6% i thought that was high but was the lowest i could go. Again thans every one this is just a feeler im happy with the car just hate seeing that much money go into a car. The reason i just did some more finance classes and i really see now how compound interest really works for some one like me at this age of 24. so i would like to start puting as much away as i can. But luckly i don't have to worry about loosing a job im a marine so i am ok on that end at least
Last edited by 08fithappy; Apr 1, 2009 at 08:31 PM.
hahaha!!! :D
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