Blue Shirt
Well-known member
Selling one car at a loss and buying another car at an inflated price (to cover the financing shortfall) is a surefire way to stay indebted forever and to never actually own a car.
Follow your own advice, keep the car, pay it off and find some way to scrape together the money for the balloon payment. Then drive that car until the wheels fall off.
Secondly, never ever again enter into a financing deal with a residual value unless you don't care that it will bite you in the ass again.
The only people making money from today's crazy financing world is the dealer and the bank. You will always draw the short straw, despite the BS that Mr Flame tries to sell you.
Follow your own advice, keep the car, pay it off and find some way to scrape together the money for the balloon payment. Then drive that car until the wheels fall off.
Secondly, never ever again enter into a financing deal with a residual value unless you don't care that it will bite you in the ass again.
The only people making money from today's crazy financing world is the dealer and the bank. You will always draw the short straw, despite the BS that Mr Flame tries to sell you.