I need to lose my car payment.
 

I need to lose my car payment. How hard would it be to trade in my 2013 FR-S with 44k miles, and drive off the lot with something reliable, maybe a first gen xB? I currently owe $10,989 for the FR-S. Is this something that is possible, or am I looking at still having some kind car payment no matter what?

You'll have a better chance if you just sell it privately, you'll get more for it, and buy an xB from a private seller, it will cost less.

With your mileage you are looking at like $17-18k back for your car, leaving you $6-7k to buy an xB. You can pick up a 2006 or so xB for around that price.

If your lucky you will get 7 grand over your payment.


So the answer is YES, you will have another car payment unless you can find one for 7K

They're out there in Austin.

http://austin.craigslist.org/search/...Model=scion+xb

Yeah you're right. I don't know what I would do between both transactions though :(.

Well, you can try to work something out with the person selling the xB. Maybe give them a small deposit and ask them to wait a week or two while you sell your car, OR just find one at a dealer and buy it the day you sell your FRS.

If you're in that desperate a scenario where you need to get it done same day, you won't really have much choice in what you're getting back. You're not leaving yourself time to really test out a good replacement, just rolling the dice.

Eat nothing but top ramen and sunflower seeds.

Give carmax a try. They have been known to offer more than dealers for a trade in. And they should have a low cost car on the lot.

Sell your car private party, dealership will rake you over the coals with that mileage. $13k tops for it if you traded it in. I suggest you sell it privately, pay off your loan, and buy a used car off craigslist after getting it inspected.

No possible way to stick it out another 2 years? You made it 3 years already

Since when is this car not reliable? Please elaborate as to any issues you have been having.

:iono:

He never said it wasn't reliable. Damn Canadians!

I think maybe you should be looking at something else. Sell the car outright for as much as you can get and pay it off, then look for a $5,000 car that has a high reliability rating and a low cost to own, like a Camry, Accord or Civic. You can get a $5K car that will last you several more years and another 150K miles. I doubt an xB is that car, though. Also remember that a $5K car is a $5,500 or $6K car in reality, though, because you will have to pay taxes and registration.

If you try to trade your car for another used car at a used car dealer, you will probably have to bring cash to the table as well. You're probably not going to get enough for the trade to be able to leave yours and drive off in something else reliable.

I don't think he was saying the FR-S isn't reliable. I think he was saying that he's concerned that he won't get enough in trade to be able to buy something reliable. And he's right to be concerned. If all he can afford after he trades his car is a very high mileage car, it's not likely to be something he can rely on.