Hey guys, I have a question.....
I currently have an '04 Sedan with close to 80k miles on it. Currently paying $350.00 a month with about a little over 11k left on payments. I'm debating whether or not to trade it in for an '05 Sedan with 51k miles. I'll be paying $20.00 more a month than I currently pay. What would you guys do?

Just in case, my mods are: Popcharger, z-tube, plenum spacer, HR Y-Pipe, coupe mid, hks muffler, and little things here and there in the interior like led swap and such.

 

u should do the right thing and get the 05 sedan...given that it's in the same or better condition than your car...

 

I would do it, i would take all those mods and put it in the 05 sedan

 

thanks for the replys~
I'm actually gona go check out the car within the week and make a decision. Taking out the mods especially my remote start alarm will be a hassle with all the wires but with lower mileage + newer car I think it'll be worth it.

 

I dont think its worth it, 30k less miles. You've already got mods, the car is good for another 5 years probably. 51k is a lot of miles anyway, why not look for something close to new or less than 20k, now that would be worth it.

 

true~ i've been contemplating about that and it sorta does seem pointless to trade-in now. Especially since i'm upside down on the loan, it'll just cost a lot more for less. I'm thinkin maybe I should just quickly payoff the current loan as fast as possible and maybe sell it and just buy a new car later.

 

That's exactly what I would do.

 

I'd wait and trade for an 07... if you're gonna make a change, might as well make it worthwhile.

 

Remember, it's more than just $20 a month. At $350 a month, you've got a little over 3 years until it's paid off. With the 2005, you're probably looking at 5 years, right?

And if you're upside down on this loan, then don't get more upside down on a bigger loan, especially for a car with just 30K few miles. In 2-3 years you'll be in the same position you are now, upside down on a car with 80K miles. Pay extra each month on this one and get it paid off off in a few years. The only way a car makes any sense financially is if it's paid off.
If you like this car, then just keep it. I'm planning on keeping my 2005 for 8-10 years. I don't need 328 HP when I've probably got 290-300 right now and am planning on adding more later. Besides, the 1st Gens are better looking anyway.

 

^^^ additionally, insurance is likely to be higher on the newer car...

 

AGREED 100%!
yea, i guess keeping the car sounds more logical at this point~ after paying off the current car, further down the line maybe i'll jump into a new FX or possibly M if affordable~!

 

don't forget that it is nice to not have a car payment, set your goal to pay it off and drive it a yr or 2 with no car payments and don't go whoring all the mods when that happens. Then, you will have a good down payment to put on your next car, so you won't ever be in an upside dwn loan.

 

+ 1000

It's a great day when you make that last payment, and it's even better a month later when you don't have to make a payment!

 

thats what I thought too when I paid it off 6 months after purchase...

But somehow the thing still costs me $$$ and sometimes $$$$ very frequently. That damn mod bug

 

you'll be rolling in alot on that trade up. you owe 11k on yours still and the dealer might give you 8-10, then add in the new ar price and a couple more years of payments. i wouldnt do it if i were you.