So, I could keep my car, or I could trade it in with negative equity and get a car that gets better insurance and way better gas millage. My payments would go up but everything else would go down and I would have a 100% new car. Right now I'm looking at the Ford Focus 4 door and Kia Forte 4 door. No one worry, I still have my classic mustang, so I won't be without speed. Just thought maybe someone might have some insight before I pull the trigger.

 

Ummm.....Please keep the 8.

 

I feel so bad for you guys who bought your 8's at full retail on a car lot and financed them. The value has fallen out of them so badly that you're upside down several grand.

At this point if I were you I would just stick it out. Try to double up on car payments and get it paid off, then you can lower your insurance coverage a little if you so choose and try to get that payment down also. You can even opt for liability-only and cut your payment by 50-75%, and just use it as a weekend warrior and hope that no uninsured motorist hits you (or you don't put her in the ditch yourself).

If you sell or trade it, you're going to have to GIVE the car away. Trade in on these things is like 4-5 grand realistically. They may show you more on paper but they are making it up elsewhere I assure you.

 

Fwd ftl.

 

For a kia forte 4 door? Keep the 8 man.