Re: best way to get out of an upside down situation? - Saab General Bulletin Board - Saabnet.com
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Re: best way to get out of an upside down situation?
Posted by Erik W (more from Erik W) on Wed, 7 Jul 2004 16:21:55
In Reply to: best way to get out of an upside down situation?, JB, Mon, 5 Jul 2004 16:05:33
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You're not alone. I considered trading my '03 9-3 SS on 9-5, and hoped negative equity would not be horrific. The sticker was 32k, but trade value at my Saab dealer (on another Saab) is 18k, which is 6k less than what I owe on it.
I realize much of the value is lost in the first year or so, but I did find the level of depreciation fairly stunning. Sounds like I'm driving it for 18 more months, and then I have some decisions to make.
posted by 65.24.211...
Posts in this Thread:
- best way to get out of an upside down situation?, JB, Mon, 5 Jul 2004 16:05:33
- Re: best way to get out of an upside down situation?, Erik W, Wed, 7 Jul 2004 16:21:55 <-- Viewing This Message
- Worse and worser......., Mike Lynch , Wed, 7 Jul 2004 11:35:00
- My tactic to avoid being upside-down..., James D, Tue, 6 Jul 2004 10:35:23
- You know the answer, pay it off..., JBinDC, Tue, 6 Jul 2004 06:18:46
- you're not Erik Carlsson are you?, Trev, Mon, 5 Jul 2004 17:15:27
- upside down situation? (sorta long), fsik, Mon, 5 Jul 2004 16:39:25
- Just drive it forever, into the ground, no? n/m, AlexA, Mon, 5 Jul 2004 16:24:53
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