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- Sep 16, 2010
What’s up everyone, hope all is well.
As some people may remember from a previous post, my 2018 Impala Premier is still at the shop for over a month due to the AC evaporator and AC compressor going out at just 31k miles(car is under the extended bumper to bumper warranty for the next 4 years). After sitting here thinking, I may just trade the car in because I Really question the reliability and quality of the long term. As of right now, I owe $28k and I looked at the value of my car and it says it’s worth $25k. If I was to get a new car or SUV, that would only be a $3k negative equity rolled over. I’m strongly looking to get a Avalon limited hybrid(gets 43 mpg) or a 4Runner. I have even entertained the idea of leasing the new Jeep Cherokee L.
Here is my question, do you think it’s worth to get ride of the car with a fairly low negative equity to the next car , or just keep the car until the bumper to bumper warranty is expired? I hear so many people trade in their cars when they’re not finished paying it off, so I’m just curious on how people do this type of thing. I thought for the longest it’s best to pay it off then trade it in, but different circumstances can play until getting rid of it sooner. Bottom line, o just want to hear people’s opinions on this.
As some people may remember from a previous post, my 2018 Impala Premier is still at the shop for over a month due to the AC evaporator and AC compressor going out at just 31k miles(car is under the extended bumper to bumper warranty for the next 4 years). After sitting here thinking, I may just trade the car in because I Really question the reliability and quality of the long term. As of right now, I owe $28k and I looked at the value of my car and it says it’s worth $25k. If I was to get a new car or SUV, that would only be a $3k negative equity rolled over. I’m strongly looking to get a Avalon limited hybrid(gets 43 mpg) or a 4Runner. I have even entertained the idea of leasing the new Jeep Cherokee L.
Here is my question, do you think it’s worth to get ride of the car with a fairly low negative equity to the next car , or just keep the car until the bumper to bumper warranty is expired? I hear so many people trade in their cars when they’re not finished paying it off, so I’m just curious on how people do this type of thing. I thought for the longest it’s best to pay it off then trade it in, but different circumstances can play until getting rid of it sooner. Bottom line, o just want to hear people’s opinions on this.