Jumat, 24 Februari 2012

Got my dream car!, THEN did the math. Should I sell before the loan turns upsidedown?

by Chris Devers
Question by Kimberly: Got my dream car!, THEN did the math. Should I sell before the loan turns upsidedown?
I bought my dream car ~2005 Mercedes Benz S class. The car was 35,000. Its a 76 month (plus?) loan at 9% (due to the long term, not my credit) so my payments are low, about $ 500 per month. But at the end of this LONG loan, I will have paid 15,000 in interest!!! The dealer told me to just SELL/trade the car within two years so that I wont be upsidedown. How do I

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