View Single Post
Old 04-16-2009, 10:22 AM   #11
alex33x
 
Drives: 2013 Camaro ZL1
Join Date: Apr 2009
Location: El Paso, Tx
Posts: 687
Thats why usually its best to put a 30% down on a car you want to buy, that way you dont lose money tot he bank if one day you want to trade it in.

I remember when I first got my car sticker price was at 28k, I put $8,500 down on it uncluding my trade in which put me in the 5k range postive and $3,500 cash, Right now. Now if I sell my car and consider what I have to put down I could put a 20k down on the camaro, if I sell my car privately plus the parts I ahve in it I could make 25-27k

But point is down payment is very important so you dont end up losing value faster than you are making payments.
__________________
Devliered July 20, 2012
alex33x is offline   Reply With Quote