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vutall · 10-29-2014, 12:26 AM

Hello all,

So I am in a bit of a pickle. Looking for a bit of advice on how to proceed. I am in the military and have orders to go over to the Netherlands. They ship a vehicle there or you for free. However, my current car (2006 mini coopser S convertible) has a bunch of little things that would all need to be fixed before they could ship it which would end up costing more than the vehicle is worth. (Repairs to the body, new key, new horn, some minor electrical work...totalling about 4k in repairs)

I owe 15k on the Mini. Trade in is 5k. Resell is 8k. I need a vehicle to get around in. Cue my decision to decide to get rid of the Mini and get into a BRZ.

I just sold my house, so I have about 15k extra. I was going to use that 15k to pay off a couple signature loans I had taken out to pay for home improvements, but now I don't know.

If I try and privately sell the Mini, I could get about 7k for it, leaving me to have to eat the remaining 8k on the car. I could do this, then go buy the BRZ. The downside to this is I have a month to get the vehicle sold and the new one purchased because I need to ship the vehicle to the Netherlands 3 months prior to my arrival.

If I try and trade it in...KBB says trade in is only worth 5k, so that leaves me with 10k I'd have to put on top the BRZ loan..most banks only go a certain percentage over purchase price, which would then in turn make one, upside down on the new BRZ finance and two, have to pay more for a downpayment.

The third option is to sell the car and eat the loan out of pocket, and try and purchase a new vehicle when I get to the Netherlands. However, the netherlands vehicle prices are almost double what I would pay in the states.

I know I will want a BRZ in the future. I had one for about 6 months before lovely Tucson drivers made that not be a thing anymore. Just looking for some opinions and thoughts on how to go about this.

Thank!

Oh, if I do buy a BRZ stateside, does anyone know if you can update the Nav system to European maps once I get over there? Or maybe even before they ship it?

10-29-2014, 12:26 AM	#1
vutall Member Join Date: Oct 2014 Drives: 2006 Mini Cooper S Convertible Location: Uden, Netherlands Posts: 14 Thanks: 0 Thanked 0 Times in 0 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Trade in and move overseas Hello all, So I am in a bit of a pickle. Looking for a bit of advice on how to proceed. I am in the military and have orders to go over to the Netherlands. They ship a vehicle there or you for free. However, my current car (2006 mini coopser S convertible) has a bunch of little things that would all need to be fixed before they could ship it which would end up costing more than the vehicle is worth. (Repairs to the body, new key, new horn, some minor electrical work...totalling about 4k in repairs) I owe 15k on the Mini. Trade in is 5k. Resell is 8k. I need a vehicle to get around in. Cue my decision to decide to get rid of the Mini and get into a BRZ. I just sold my house, so I have about 15k extra. I was going to use that 15k to pay off a couple signature loans I had taken out to pay for home improvements, but now I don't know. If I try and privately sell the Mini, I could get about 7k for it, leaving me to have to eat the remaining 8k on the car. I could do this, then go buy the BRZ. The downside to this is I have a month to get the vehicle sold and the new one purchased because I need to ship the vehicle to the Netherlands 3 months prior to my arrival. If I try and trade it in...KBB says trade in is only worth 5k, so that leaves me with 10k I'd have to put on top the BRZ loan..most banks only go a certain percentage over purchase price, which would then in turn make one, upside down on the new BRZ finance and two, have to pay more for a downpayment. The third option is to sell the car and eat the loan out of pocket, and try and purchase a new vehicle when I get to the Netherlands. However, the netherlands vehicle prices are almost double what I would pay in the states. I know I will want a BRZ in the future. I had one for about 6 months before lovely Tucson drivers made that not be a thing anymore. Just looking for some opinions and thoughts on how to go about this. Thank! Oh, if I do buy a BRZ stateside, does anyone know if you can update the Nav system to European maps once I get over there? Or maybe even before they ship it?