Quote:
Originally Posted by Earnhardtfan77
I am currently driving a 2010 VW cc. I have had the car for a year and owe about 28k on the car still. I went to the Chevrolet dealer yesterday to see if I could get into a 2011 LS camaro. The deal they came up for me was, they would only give me 22,500 for my car. Leaving about 6k negative equity. I would have to put 3500 down for a 72 month loan and would be paying 515 a month at a interest rate of 5.4%.
Do you think I should just stuck with my current car and wait it out a little more and try to close the gap of my negative equity. Or does this seem like a good deal. Again this is only for a LS.
What are you current LS owners paying a month and how much did you put down and how long is your term.
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Stick with the VW. Your gonna kick yourself having had to pay $3.5k in cash plus $515 for the next 6yrs on an LS Camaro. Bad deal financially any way you look at it.
You will be losing big money now and losing big money down the road as well. Just an example here but i just bought a 35k loaded up 1SS put down almost 12k with 60mos @3.9% is about $460 a month