He obviously doesn't know what he's doing if he has a car he is upside down on in the first place. Add in the fact that he's trying to add that negative equity into the loan on a 38,000 car and he's already got two strikes against him.

The best advice was on the first page. He should keep the car he has until he has paid enough to eliminate his "upside down" status.

This thread was clearly made so he could gain comfort seeing that other people are paying $600 - $700 a month for their Evo X despite how silly his situation might be.

 

I got hosed when I baught my POS lancer ES cause it was my first car and I had no credit at the time...LOL The POS lancer was an X-rental car so it was driven hard and the suspension and tranny were shot so I rolled $4500 of NE into the BMW which is still hurting me now but atleast I have a good car to drive while I pay my debt...

 

thats financing or leasing?

where do you find the invoice of these cars or any for that matter. I saw 4 evo x with msrp 32490

 

So you're paying $12,240 after 5 years on a $7,490 loan? That don't sound right with a 720 credit score. You should have gotten a loan somewhere else to pay the car off. I got a $17,000 loan for a S2000 and ended up only paying then $17,800. I have about the same credit score as you.

 

what kind of loan did you get where you only paid 800 in interest? I guess it all depends on how long the loan was for but even if it was for a year the interest rate had to be below 5%


youre right about his being a little funny though. On my financial calc a 5yr 5% loan of $7,490 should only be $141.35 a month not $204

 

Financing with my bank, I dont think we can even lease an EVO_X yet.