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Old 05-03-2012, 03:43 PM   #1
bigbob11
 
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To pull the trigger or not

Ok, here is the deal bought a new truck last oct, I want to trade in for a 2012 2ss the problem is what I owe on the truck will have to be rolled into the new loan which will put me up side down big time, well what says the hive.

P.S.

The dealer let me test Drive a ZL that they have all I can say is WOW
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Old 05-03-2012, 03:46 PM   #2
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Most will say no to going upside down... I say do what you want and can afford, no matter the cost of the money.
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Old 05-03-2012, 03:48 PM   #3
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Don't go upside down too bad bud.
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Old 05-03-2012, 03:49 PM   #4
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It depends how much debt you're willing to deal with. Your truck is going to lose 40% of its value minimum, they are going to rob you blind on it.

Personally, I wouldn't do it. Heck, I wouldn't deal with anything over $490/month for a car. But that me. Do what makes you happy, but think of all the consequences before the benefits in this case.
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Old 05-03-2012, 03:49 PM   #5
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Speaking from a purely fiscal standpoint, purchasing a 2SS makes no sense. If you need transportation, buy a Kia. Buying a 2SS Camaro is much more of an emotional decision. Do what makes sense to you, and what you can afford.
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Old 05-03-2012, 03:51 PM   #6
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do what is reasonable within your finances.
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Old 05-03-2012, 03:54 PM   #7
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I can tell you from experience, you are better off waiting.

I played this game over a few cars, kept taking the hit and making my payment larger and larger. The con is that my Camaro payment is $657 for 72 months.

The pro was that I was fortunate enough to be successful in my career, and have had a significant promotion and salary increase.

But if I hadn't, I would be stuck with a bloated car payment and been constantly behind on the value of my car vs. the payment.

I am now wiser and more disciplined. I love my car, but I love a lot of other cars. But I am not going to go out and get another until this one is completely paid off, and I can get back on top of my auto finances.
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Old 05-03-2012, 04:15 PM   #8
Obzen
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My last car was upside down. I regretted it the entire time I owned it.
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Old 05-03-2012, 04:23 PM   #9
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Do what you want if you can can afford it! I'm looking into trading for a 2SS as well. It certainly seems like its worth it, as long as you are comfortable with the trade and believe you will be happy down the line. Best of luck to you.
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Old 05-03-2012, 04:33 PM   #10
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You seem like you have done this before. you know the drill and whatit costs.

If you are going to look to turn it over fast then the answer is no. Otherwise do what you want. It's your car and money!
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Old 05-03-2012, 04:34 PM   #11
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You're better off paying that truck down some more then getting a Camaro. You'll feel better about it at that time too.

Some will say that life is too short, buy the Camaro now. But, life is also too short to make boneheaded financial decisions that will cripple you for years.
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Old 05-03-2012, 04:38 PM   #12
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Quote:
Originally Posted by seminolejon View Post
You're better off paying that truck down some more then getting a Camaro. You'll feel better about it at that time too.

Some will say that life is too short, buy the Camaro now. But, life is also too short to make boneheaded financial decisions that will cripple you for years.
I agree. Unless the worls ends in December then you'll just be left with a big WTF face :/
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Old 05-03-2012, 04:41 PM   #13
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Drive the truck until you have enough paid off so you won't go upside DOWN. Then Look at a USED ZL1. Or a Used 2SS. I'd also like to know what dealer let you test drive a ZL1 < WOW >
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Old 05-03-2012, 04:42 PM   #14
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Originally Posted by skipinminn View Post
Drive the truck until you have enough paid off you won't go upside DOWN and then Look at a USED ZL1. Or a Used 2SS I'd also like to know what dealer let you drive a ZL1 < WOW >
I would drive a long ways to test drive a zl1 lol.
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