Pizza King

iTrader: (4)

I bought my t/a in July of last year. I searched for months b/c I was dead set on buying a t/a. The cheapest one from a dealership I could find was 14900. By time I bought 3 year best warranty you can buy, taxes, etc... I walked out 21k in the hole. I know was raped. My parents really insisted that I buy from a dealership even though they were't paying for it. Obviously I'm young so this amount may not seem like much but when are a manager of a small town pizza place you aren't exactly striking it rich. I'm currently going to college and plan to major in business and managing 40 hours a week.

Anyways here I am, a year and almost 2 months later, trying to refinance the car. I got stuck in bi-weekly payments which if anyone has ever had to do them they suck. They make me feel out the paper work without even checking the cars worth and etc out only for them to tell me they couldn't do anything for me becasue I owe way over the loan value of the car. It just eats me day after day to think I owe way more than the worth. It was my mistake but its really taking the fun out of driving it anymore b/c thats all I can think about.

OK... Rant off.

Anyone else in a similar situation want to cheer me up? haha

Kyle

Sharpe

iTrader: (7)

Would it cheer you up if I agree that you got **** raped and are still getting but-pounded, no lube, no spit, no nothing? No, probably not. So, I'll keep quiet.

z28bryan02

I owe 20k on my 2002 camaro m6 vert cause i was upside down on the pos 07 civic i traded in. but i always wanted another f body so you have to pay to play.

SScott

iTrader: (21)

Paid cash for mine, lost an *** load in mods on my last SS though.

bmxer8699

iTrader: (16)

mines paiiid off

Splitz

iTrader: (1)

I did!

Bought my 2002 Z for $17k out the door.

Of course, they financed it for 17.1% for 66 months... now that's upside down! And that was last June!

davered00ss

iTrader: (4)

You got rapped on the financing.

davered00ss

iTrader: (4)

Pay the car off and learn from your mistakes.

White_Ls1

It would be alot worse if you were paying for something that sucked to drive, atlest you got a cool ride!

'68maro

Why the hell did you put a warranty on it?

kc533

iTrader: (1)

Well, look at it this way....you might have walked away w/ your pockets a little lighter, but you now have one of the most fun and badass cars you can get for the money.

JerseyLS1TA

iTrader: (2)

Ouch, I owe 7g's on my 47k mile 99 T/A..but my intereset rate is 9.99..I also made a mistake and bought from a dealership but out the door price was 14,500 2-1/2 yrs ago and it only had 31k miles..and why the warranty now you cant mod the bitch

waldershrek

iTrader: (1)

Holy ****! Why did you take such a high interest rate?

Splitz

iTrader: (1)

Hey, I got what I wanted!!

The interest rate was extremely high because we had just closed on our house a few months prior and that totally screwed my debt/income ratio, so I was prime for the course. Now, since I've cleaned up my credit (was 550 when we closed now it's ALMOST 700), I could probably attempt to refinance.

I've looked into refinancing auto loans, and it doesn't seem worth it. Most of them want like $4000 to refinance, and lower the interest rate by only like 2%, and by then, your not really "gaining" anything....i dunno. I want to get it refinanced for like 10% but not sure if that's even doable. or, even keep the payments @ $400/month, but pay a lower interest rate. It was a 66 month loan and I've made 15 payments....i know, i'm fucked.

One of those silly things we do when we're young? And I'm almost 30.

But hey, yea, 17.1% but my payments are only like $400/month so really it's not big deal. But what's really funny, is a few months after that, my wife and I leased a new Chrysler Pacifica for like $450/month, but the kicker is it's a 39 month lease, I'll still be paying on the Camaro well into her 2nd lease car!!

waldershrek

iTrader: (1)

^^Yeah but overall you are paying an *** load of money for interest alone. Don't get me wrong I'm all for buying something because you like it and worry about if you can afford it later but that rate just makes me hate banks even more.

blue02formula

iTrader: (1)

I ordered my car new in 2002 GMO minus rebates I paid $21600. I paid it off two years ago.

Pharm0r

iTrader: (17)

wow....i thought i was raped but you guys make me feel good

Got my 99 t/a for around 12k with 8.5% intrest and a 3 year loan

53k miles

JohnnyC

That's rough....

slw ls1

iTrader: (6)

I still owe just under 13k and I bought the car last nov for 15k, my intrest rate is 8.175%, it could be lower, but for me only being 20 when I bought the car with very little credit I think I came out ok. Right now I know my car's still worth around 15-16k in the immaculate condition it's in with the "fairly" low milage it has.

_JB_

iTrader: (33)

If the car makes you feel bad, maybe sell it. You won't get $21k for it, but maybe instead of struggling to make payments on it for a few years it will take a year instead. The longer you wait to sell the car the less you are going to get out of it. What are you going to do when the rear end blows up? What about the tranny? Just something to think about.