Car Dillemma! Help a brother out...

[letitshine24]

So basically I purchased an 2007 Infiniti M35 Sport Base model a month ago for about $25,500 out the door. I wanted to trade this one in for another one with more options including navigation and a dvd player. I go to infiniti today and would offer me 21k for the car. The one i want is $26,000 plus fees. They said they would work with me and see what they can do. But basically my current monthly payments are $247 and if i wanted to trade the vehicle in, my payments would increase to $360. Is this worth it? In the long run i would be paying almost a hundred dollars more for the next 7 years( which is my current loan term). 
HELP!

 

[letitshine24]

So basically I purchased an 2007 Infiniti M35 Sport Base model a month ago for about $25,500 out the door. I wanted to trade this one in for another one with more options including navigation and a dvd player. I go to infiniti today and would offer me 21k for the car. The one i want is $26,000 plus fees. They said they would work with me and see what they can do. But basically my current monthly payments are $247 and if i wanted to trade the vehicle in, my payments would increase to $360. Is this worth it? In the long run i would be paying almost a hundred dollars more for the next 7 years( which is my current loan term). 
HELP!

 

[doublejs07]

Can you afford the extra $113 a month you'd be paying? If it's not an issue, trade in the car and get the one (with the options) that you want.

*Question...why on earth would you buy a car, only to try to trade it in a month later? Infiniti sees you as a walking dollar sign bro....

 

[doublejs07]

Can you afford the extra $113 a month you'd be paying? If it's not an issue, trade in the car and get the one (with the options) that you want.

*Question...why on earth would you buy a car, only to try to trade it in a month later? Infiniti sees you as a walking dollar sign bro....

 

[blazekicks]

Is it worth to you? And if you can afford why not.

 

[blazekicks]

Is it worth to you? And if you can afford why not.

 

[cameron nelson]

I'd forget it...extra money JUST for navigation & a DVD player?

Use your phone for navigation, and install an aftermarket TV/DVD setup. You'll save thousands...

 

[cameron nelson]

I'd forget it...extra money JUST for navigation & a DVD player?

Use your phone for navigation, and install an aftermarket TV/DVD setup. You'll save thousands...

 

[sbdunkpremium]

so you wanna instantly lose $4,500 and do all that paperwork for dvd and navi? get a pioneer double din with navi and you're good bro. next time do all the research before spending 25 racks.

 

[sbdunkpremium]

so you wanna instantly lose $4,500 and do all that paperwork for dvd and navi? get a pioneer double din with navi and you're good bro. next time do all the research before spending 25 racks.

 

[letitshine24]

I mean im 20 years old, currently going to transfer to UCSD in the fall, paying $150 for insurance my self. My current income is only 2k a month.

 

[letitshine24]

I mean im 20 years old, currently going to transfer to UCSD in the fall, paying $150 for insurance my self. My current income is only 2k a month.

 

[blazekicks]

Pic of car

 

[cameron nelson]

Originally Posted by LetItShine24

I mean im 20 years old, currently going to transfer to UCSD in the fall, paying $150 for insurance my self. My current income is only 2k a month.

In THAT case....HELL NO.

 

[cameron nelson]

Originally Posted by LetItShine24

I mean im 20 years old, currently going to transfer to UCSD in the fall, paying $150 for insurance my self. My current income is only 2k a month.

In THAT case....HELL NO.

 

[blazekicks]

Pic of car

 

[iamsaikotic]

Originally Posted by LetItShine24

So basically I purchased an 2007 Infiniti M35 Sport Base model a month ago for about $25,500 out the door. I wanted to trade this one in for another one with more options including navigation and a dvd player. I go to infiniti today and would offer me 21k for the car. The one i want is $26,000 plus fees. They said they would work with me and see what they can do. But basically my current monthly payments are $247 and if i wanted to trade the vehicle in, my payments would increase to $360. Is this worth it? In the long run i would be paying almost a hundred dollars more for the next 7 years( which is my current loan term). 
HELP!

7 years to finance a car?!?!?! That's ridiculous... by the time you're done paying that off your car won't even be worth $5k. I wouldn't add to those payments for "more options". If you have the money, put it aside and try to pay off that car sooner (if it's an open loan).

 

[iamsaikotic]

Originally Posted by LetItShine24

So basically I purchased an 2007 Infiniti M35 Sport Base model a month ago for about $25,500 out the door. I wanted to trade this one in for another one with more options including navigation and a dvd player. I go to infiniti today and would offer me 21k for the car. The one i want is $26,000 plus fees. They said they would work with me and see what they can do. But basically my current monthly payments are $247 and if i wanted to trade the vehicle in, my payments would increase to $360. Is this worth it? In the long run i would be paying almost a hundred dollars more for the next 7 years( which is my current loan term). 
HELP!

7 years to finance a car?!?!?! That's ridiculous... by the time you're done paying that off your car won't even be worth $5k. I wouldn't add to those payments for "more options". If you have the money, put it aside and try to pay off that car sooner (if it's an open loan).

 

[letitshine24]

its actually 6 years* my bad. but yeah, i didnt want my payments to be ridiculously high in the first place.

 

[letitshine24]

its actually 6 years* my bad. but yeah, i didnt want my payments to be ridiculously high in the first place.

 

[ins]

WIO PIITB

Idk bro you should have done the research before hand. But aren't you like 20 though, why didnt you start with a honda
*my bad it took me too long to reply and you just answered that*

 

[ins]

WIO PIITB

Idk bro you should have done the research before hand. But aren't you like 20 though, why didnt you start with a honda
*my bad it took me too long to reply and you just answered that*

 

[mases apprentice]

Originally Posted by LetItShine24

its actually 6 years* my bad. but yeah, i didnt want my payments to be ridiculously high in the first place.

.... sigh.
the longer the payments are... the more your paying. please get a calculator and see. 

longest you should have a car note for is 3-4 years MAX. being 3-4 years, your car will depreciate meaning your car will lose money while your paying for a car you bought 1-7 years ago. 6 years man? lol thats OD

oh btw you got ripped off. no hate just truth. 

 

[mases apprentice]

Originally Posted by LetItShine24

its actually 6 years* my bad. but yeah, i didnt want my payments to be ridiculously high in the first place.

.... sigh.
the longer the payments are... the more your paying. please get a calculator and see. 

longest you should have a car note for is 3-4 years MAX. being 3-4 years, your car will depreciate meaning your car will lose money while your paying for a car you bought 1-7 years ago. 6 years man? lol thats OD

oh btw you got ripped off. no hate just truth. 

 

[damedolla]

Save yoursel some money and listen to the good folks who say don't do it, buy the head unit with nav