Need ur help....hard decision....

[Peyman]

ok heres what i need your opinions on..either im trading in my car for 4,000 and putting down 1,000 and paying monthly for 3 years or so $250 for a 2001 grand am gt coupe 3.4L fully loaded w/ 10 disk cd changer...tinted windows all around...perfect...PERFECT condition....51,000K on it (black leather...chrome wheels)(total of car is 12,000 w/ license tax and registration...and i think they want like 12-13% interest)...or im keeping my car which has the following mods...
96 grand am gt coupe 3.1L v6 49,500 miles, custom intake, those fake zenon lights/fog lights, strut bar, some painted interior, kenwood amp, 2 bazooka tubes, pioneer 3 way speakers in rear, dual 40 series flowmasters w/ chrome tips (150 for those tips) connected to a 2.5" pipe going all the way down to cat, 17" Excel gt-7 rims w/ upgraded sport tires (they have 1000 miles on them), Springtech lowering springs, custom gt brake decal, black racing stripes, black fender stripes, silver grand am gt badges, clear reflectors on bumpers, red painted calipers, black painted drums, red interior neons and some more i cant remember and im getting a loan to get a full aed body kit.....oh i also am having transsmission problems w/ my car...door locks dont work....no power windows..no sunroof...no alarm....so what should i do....keep my own car and hook it up....or get this new grand am....????

[ccarr8705]

If your not constantly fixing problems with your car it is still a nice car I would keep it.

[BBT]

12-13% for a car loan? That's a rip-off! Keep your current car, for now at least until you can find a better deal.

[VanishingImage]

I agree.....That car is looking great,hate to see all that work you did just sold away....If the tanny isn't in horrible condition just take it in and get it checked with a mechanic that you know....But if you decide to trade it in.....Id like to make a deal with you on those rims,im looking for some

[Night Wolf]

I say, keep your car in in 3-5 years, if you decide you want a new car, then get something you really want (:::cough::: GTO :::cough:::)

Think about it, $250/month can do alot, in 6 months you could get a big HDTV, $250/month can go into modding your car, save up for a few months and buy a JetSki, then a snowmobile, then a popup camper, all to tow with your car, or find a 2nd hobby that would would enjoy.

I just know, that I will be paying off my car, about $200/month, atleast it's to my mother, so there is no intrest etc... but while I am paying it off, plus insurance, plus my job that I like but pay/hours aren't the best, that I will not have too much spending money for myself.....and once I get it paid off, and get that extra $200/month, I have a few things in mind I want to do to my car, then just enjoy actually having money....

.....I spent almost $80 today at Advance Auto parts for supplies for an oil change (switched to Mobile 1 synthetic) but had to get other things I would not normally get (ramps, oil pan with lid that dosn't stay on, oil filter tool that is the wrong size- boy that was fun) etc... and that was where all my spending money that I allowed myself went.

sorry for the long post, but that is my opinion, I know I would rather have an older car, that I really like, plus some extra fun toys like a JetSki, snowmobile and/or pop-up camper (to sleep in on trips or vacation etc....) then getting a newer car.

[GhettoSuperStar]

Phuck it. Trade it in dude.

[LoneRangers15]

Originally posted by Night Wolf
I say, keep your car in in 3-5 years, if you decide you want a new car, then get something you really want (:::cough::: GTO :::cough:::)

Think about it, $250/month can do alot, in 6 months you could get a big HDTV, $250/month can go into modding your car, save up for a few months and buy a JetSki, then a snowmobile, then a popup camper, all to tow with your car, or find a 2nd hobby that would would enjoy.

I just know, that I will be paying off my car, about $200/month, atleast it's to my mother, so there is no intrest etc... but while I am paying it off, plus insurance, plus my job that I like but pay/hours aren't the best, that I will not have too much spending money for myself.....and once I get it paid off, and get that extra $200/month, I have a few things in mind I want to do to my car, then just enjoy actually having money....

.....I spent almost $80 today at Advance Auto parts for supplies for an oil change (switched to Mobile 1 synthetic) but had to get other things I would not normally get (ramps, oil pan with lid that dosn't stay on, oil filter tool that is the wrong size- boy that was fun) etc... and that was where all my spending money that I allowed myself went.

sorry for the long post, but that is my opinion, I know I would rather have an older car, that I really like, plus some extra fun toys like a JetSki, snowmobile and/or pop-up camper (to sleep in on trips or vacation etc....) then getting a newer car.
:::::cough:::::Mustang::::cough:::::::

[ironray75]

Well I don't know about you, but I would trade it in and try and pay it off before the warrenty goes out..I love warrenties..lol..But just decide on what you want to do in the future..Do you want to look at getting an apartment, or other stuff? It is a lot easier to do that when you don't have a car payment.

[Themeneea]

i like your car, you seem to put alot of work into it. its not just a GA, its your custom GA. if you get a new car, you will have to start over.

[Jibo]

Here, give me your car and pay off mine :-p then I can move out It's been said already, it is much easier to move out when you don't have acar payments each month, trust me! That is what is keeping me at home :(

[Peyman]

well lets see, i know ill be staying w/ my parents for the next couple years while im in college, right now i make about $600 month, i really dont have anything to pay off....the biggest reason i want to get the 01 gagt is because my car has tranny problems right now and eventually ill have to get that fixed, door locks dont work, no power windows, one of the wheels are pushed back due to a previous accident that i was not informed about, the passenger door is a completley different red then the rest of the car, trunk light dosent work, no sunroof, no alarm, no leather, ....i dont mean to sound like some beverly hills boy that needs leather in his car...its just that if i plan on keeping my car, i would plan on fixing everything thats wrong w/ it, that means getting custom leather for the inside, getting an alarm, getting an aftermarket sunroof....see all that will be a lot of money too....

[mtnagel]

Originally posted by Peyman
well lets see, i know ill be staying w/ my parents for the next couple years while im in college, right now i make about $600 month, i really dont have anything to pay off....the biggest reason i want to get the 01 gagt is because my car has tranny problems right now and eventually ill have to get that fixed, door locks dont work, no power windows, one of the wheels are pushed back due to a previous accident that i was not informed about, the passenger door is a completley different red then the rest of the car, trunk light dosent work, no sunroof, no alarm, no leather, ....i dont mean to sound like some beverly hills boy that needs leather in his car...its just that if i plan on keeping my car, i would plan on fixing everything thats wrong w/ it, that means getting custom leather for the inside, getting an alarm, getting an aftermarket sunroof....see all that will be a lot of money too.... Your car payment should not be 42% of what your income is (I'm assuming $600 is take home?). Mine's less than 15% and I still can't wait to have that extra $400 when I'm done paying mine off in less than 6 months.

Also, 12% interest in insanely high today (I guess it's because you are young), but mine is only 3.9% and that was 3 and a half years ago before all these crazy low interest rates starting popping up. Since you are still at home, can your parents co-sign for you? Most new cars you should be able to get 0%.

Just my 2 cents, but then again, I have mortgage, and electric bills, etc.

[3 DeeJay]

Are you sure its three years for 250? Mines 221.03 and thats for 5 years at 5% interest rate and we financed 12,000. For three years at 12% interest rate and if its 12,000 it will be like around 398.
Dude, if you want the car and really like it do what ever makes you happy and if you can afford it. Don't do things to make other happy.. do what you want to do..

[Peyman]

ok i found out if i do get the car its gonna be a total of 12,000 w/ license tax and registration.....i would be trading in my car for 4,000 and getting a loan from the bank under my step dads name...so interest on that loan will be 5-6%...yeh but so far im pretty sure i rather just keep my car and get the aed kit...

[Crackers]

Your 4,000 trade-in works out to $80/month savings on the monthly payment at that interest rate.

Your young. If you have NO debt (no credit cards, no loans, no line of credit, no nothing) and no responsibilities (home, rent, kids etc)), then have fun. Either upgrade your car or spend it on somehting else.

The logical thing to do is take, say, half of the money or $200/month and put it aside for your next car or purchase (including school, a home or other). But I am old and out of touch.