Buy a new car-yes or no?Or wait? - ls issue 15
With regard to trade my 2006 Chevrolet Impala LS (very satisfied) on blue book, no money in his pocket for a new Impala LS. I provide funding and $ 15,000.00 in IT and abpout sales trade me $ 9000.00 value for them. Yes, I am on the funding for this and my previous job in my apartment is equipped with GM rebates of about $ 3500.00. My biggest concern now is the monthly payment. My payment is now $ 420.00 month.If i trade for a new set of approximately U.S. $ 480.00 increase per month. My newest and best offer for a new Impala LS 2009 (at $ 395.00 months (7.7% interest) or $ 450.00 monthly rate of 2.9). I have until the end of August 2009, when my factory warranty has expired, and take the next deadline week.Would Discounts months, with $ 395.00? Yes or no? Or wait until the year 2010 begins the new model year and then buy a new 2009 Impala, with a discount, perhaps a discount. There were some minor problems with factory warranty for rust and a battery of CRA-warranty coverage of this ban, which expires in August this year. Any input or advice? Thanks
Tuesday, February 16, 2010
Ls Issue 15 Buy A New Car-yes Or No?Or Wait?
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2 comments:
Hold the now 2006th They have too much negative equity and you're just digging a bigger hole, if trade is
It makes no sense to add additional negative equity drive, if you save your new car from the farm to $ 25 per month. The bottom line is $ 10K in the hole if we take into account the negative equity, which you refer in yoru car today.
Is also the 2009 models do not come the offers expire next week. It can only get better for you.
2009 Chevy Impala has its fate at the end of the year and asks you to take. Heck, they can also offer financing at 0% again.
Only a few things to consider:
1. His current term Impala is all the more valuable the less. Is the decline in the value of posting the lowest price could come later?
2. The interest rate to increase. Happening in the mortgage business, is also in the automotive sector. If you are still 2.9%, it could not later, if at all. Inflation is like it or not, and that means that the interest rates higher.
3. Can you with even more debt? It is your job secure? If so, you are unlike many of us.
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