What I would do is go get a car with a higher rebate the highest one out there, check edmunds.com 2006 Kia Sorento has a $4000 rebate trade the evo for 23 or w\e and that will leave you with 1000k in negative which you can roll over, lets say you go with the kia sorento, 18641(carsdirect.com) they give you a 1500 dollar(carsdirect) rebate, so 2500 left , plus tax tag title 6% in GA, so 16+++ roughly 18,000 out the door with negative 19,000 financed and what ever interest rate you get lets say 9.0 with 52 months you'd be paying 419 a month. prob alot cheaper then the evo, look around for a deal or something or just trade the bimmer.....

 

I live in Indiana, and laws might be different where you are, but I know people who can get a salvage/rebuilt vehicle for about $10K less then loan value. The banks around here loan the "Loan value", which means: If you buy a wrecked and rebuilt Ford F350, for 10K, and the loan value, or what the bank loans on it, would be 8K more then that, you can take the 8K, and payoff your Evo. Downside, you better like the vehicle you get rebuilt, as it will most likely be in the family for a while. Resale is LOW on salvage vehicles. Just an idea, not sure if it is doable with Cali banks though.

Small town banks out here do that all the time.

 

Don,

Not to sound condescending, but giving this piece of your financial situation and then asking for guidance from people who are probably not financial gurus (no offense to you gurus out there) is like asking George Bush how to spell inefficacious. If you are in a situation that needs addressed, maybe you should consult a financial advisor who can look at the big picture and give you viable options that may actually solve your woes. Just a thought.

Mike

 

So you must be an insurance agent with that kind of negativity... So you trying to hook me up with a low payment or WHAT?!!?

 

Oh no, someone has stolen my Evo. I wonder where it is? Oh well, no more huge payment!

 

That $hit is sittin' in my garage, waiting on for a beat-down at the next track day.



...I got room for two more...



l8r)

 

Hahah, well at least it found a good home...I think...