Trade in time.

[themajesticone]

Originally Posted by topazsparrow

I was more than a little surprised to hear that my 2013 FR-S with a 6spd is valued at around 16 - 18k CAD for trade in.

I still owe 18k on it...

The Dealers all said that they're having a hard time moving the cars and they don't want it sitting on the lot over the winter.

I don't really know what to do now because I need something that's safer on the mountain highways during the winter. Not to mention I can't bring myself to pulverize the poor girl with sand/gravel.

You owe 18k on the car. You can probably sell it between $16-19k. Squash the loan and get an inexpensive 4WD or AWD. Done

[FRS Dad]

Originally Posted by topazsparrow

I was more than a little surprised to hear that my 2013 FR-S with a 6spd is valued at around 16 - 18k CAD for trade in.

I still owe 18k on it...

The Dealers all said that they're having a hard time moving the cars and they don't want it sitting on the lot over the winter.

I don't really know what to do now because I need something that's safer on the mountain highways during the winter. Not to mention I can't bring myself to pulverize the poor girl with sand/gravel.

Whatever you bring to a dealer they're going to tell you they'll have a hard time moving it The truth is that cars they don't want to retail themselves just go straight to wholesale auction. Just understand that regardless of how the dealer spins the numbers, the very most to expect for the trade in real dollars is wholesale.

KBB (which tends to run a bit high) puts wholesale in very good condition with average miles at $18k so you should be okay from an equity standpoint. You might need to fight a little for the full $18k but they'll find it if they want to sell you another car badly enough.

A winter beater might make more sense and it'll allow you to both pay down the loan a bit and unload the FRS in the spring.

[Ingen]

Pick up a crappy old civic, geo metro, whatever, as long as it's front wheel drive. Get that, put snow tires on steelies on it, and drive it to death. when the car dies put the wheels and tires on the next car

Leave the FRS in the garage

[_j_anthony]

Honestly you're better off buying a jeep for a beater for around 2-4k for the winter plus insurance than to take that hit and selling your frs for 16k

[VuDism]

I traded in my 2012 TC for $16,000 last September. (KBB was $16,000 PRIVATE SALE). A couple weeks later I see my TC on their website listed for $20,000... i looked at the dealer website 2.5 months later they had my TC still listed for sale but only $15,500.00.

I traded in my 2008 Impreza STI few years back for $23,500 at 63k miles. (KBB $24,000 was private sale.)

if there is a will there is a way.
negotiate online as much as possible. know your shit when you walk in. be firm and walk if you have to.

[blackhawkdown]

i live in alaska and my friend just buys studs for his winter tire for his frs and does fine all year round. 9 months of winter here in alaska

[CAMBAM_6]

Im glad I live in this beautiful place, You should move and keep the FRS

[topazsparrow]

Originally Posted by rice_classic

Bad financial planning is bad.

How is that bad financial planning?

I put enough down so that I wasn't upside-down on the loan from Day 1.

I'm making more than enough money to keep the car, I just was shocked at the trade in value as it was my first experience doing anything like that.

There's no point in making payments over the winter and not being able to drive it.

I've already looked into winter beaters and the like and they aren't suitable for my job requirements. A job which was too good to pass up and unfortunately is in another city that I need to commute to on the weekends. Buying any car new is bad financial planning... How did you purchase YOURS?

[Snowblind]

Moral of story=Canada sucks.

[swpbrz]

Plan better. Or drive better. RWD cars do work in the winter and are safer now than ever.

[Muaddib]

Coquihalla is weak sauce. You just need a decent set of winter tires.

[tYtEn86]

I would try to sell to private party first before trade in with the dealer, they just dont give you much for it, but if you dont have the time then I would just do a trade in with something 4wd, doesnt has to be a wrx or evo but maybe a slighty used suv? You would take some loss but sometimes you gotta do what you gotta do.

[Frishkorn]

Originally Posted by N1rve

Buy better snow tires and invest in driving lessons.

Says the guy that lives in LA.

[Frishkorn]

Originally Posted by topazsparrow

How is that bad financial planning?

I put enough down so that I wasn't upside-down on the loan from Day 1.

I'm making more than enough money to keep the car, I just was shocked at the trade in value as it was my first experience doing anything like that.

There's no point in making payments over the winter and not being able to drive it.

I've already looked into winter beaters and the like and they aren't suitable for my job requirements. A job which was too good to pass up and unfortunately is in another city that I need to commute to on the weekends. Buying any car new is bad financial planning... How did you purchase YOURS?

I think everyone here would agree that at no point should a car like this be driven in the winter (even if you drive well, why damage the under carriage with all that salt).

As someone who also lives up North, I made absolutely sure that I could afford the payments on two vehicles. Looking to buy a 1993 Jeep Wrangler 4x4 for about $5k. That'll put payment at around $137 a month for 3 years. I spend more then that on coffee each month.

Making payments on something you don't drive every single day isn't a waste. You'll have less miles on it and it'll last longer. I'm looking forward to the day she's paid off and I have a car with less then 40k miles with no car payment. Not to mention it'll be nice to have it in the garage all winter for dis-assembly to add those sweet, sweet parts for the summer auto-crosses.