i dont want any flames or anything its just a question. If this is the wrong forum to post in then im sorry


i have an 06 lancer es. i found a wrx i want for 17k. I'm sure I can haggle the price down too. Im upside down in my loan a little bit, a couple thousand. What options are there to do if i want to trade my es for the wrx. like the pros and cons of each situation.

money wise and such

 

OT: you noticed your post count.. its quite high....!?!?

That may be something you should ask a loan officer. Im sure they could weigh your options quite well. Its never good to be in the whole on any vehicle. I would say try private sale first. get more money for your car.

 

wow, 4 trillion posts. that is crazy.

biggest con: massive debt.

 

lol yeah they said there was some server error on the site and its not the first time its happend to someone.

will it really put me in a big hole if i do trade it?

 

if your in the whole on your loan a couple grand... yes.... If you compound that.. your basically paying a couple grand more for the WRX........

 

hmm damnn

 

Yeah, the wife and I were in the same situation...but looking at a LGT. Car was only worth (at the time) $6k, and we owed $8k still. I just figured we'd stick it out and the car has been good to us.

 

You can only carry i believe roughly 4k of debt on any car. So you should really talk to a loan officer.

 

It's four billion, but nice try.

As the other said, you'll end up losing a lot of money if you do this trade. So if you're okay with that go for it. Or you could try to save up some money and pay more of the lancer off, so you won't end up selling it for less than it's worth.