Originally Posted by mustang5l5

not to dig into financials here, but that's a lot to roll over into this car. You are basically starting deep in the hole on this.

If you bought this '08 and it gets totalled, you will pretty much get paid $10-12k or so and then owe the balance. Add a few more years of depreciation and you will be paying for a car worth $5-8k or so.

To claim it will be the last car you own doesn't justify it, because at any time the car can be stolen, totalled, or have a major issue occur like a blown engine/transmission.

I just wouldn't recommend anyone take on that much negative equity and risk for any car.

Originally Posted by Mustang5L5

Not to dig into financials here, but that's a LOT to roll over into this car. You are basically starting DEEP in the hole on this.

If you bought this '08 and it gets totalled, you will pretty much get paid $10-12K or so and then owe the balance. Add a few more years of depreciation and you will be paying for a car worth $5-8K or so.

To claim it will be the last car you own doesn't justify it, because at any time the car can be stolen, totalled, or have a major issue occur like a blown engine/transmission.

I just wouldn't recommend anyone take on that much negative equity and risk for any car.