Please advise
What are you doing this is going to hurt! You need to be driving a $2,000 Saturn for a while bro. No shame in it, put these purchases on hold unless you want to be another repo star in 9 months. Car prices are going to be dropping soon.
Bro keep paying on your car that is far too much negative
You’re completely upside-down on your current loan. You’ll be screwing yourself if you trade it in now
Holy s***, LMAO. That’s double what I pay for my loaded RX Lux.
American financial decisions right here in one picture. Why would you even need to ask if this is a good or bad deal. Its a horrible deal. Common sense
yeah, by yourself.
We need more info so your paying $26000 cash to get rid of the negative equity or financing The negative equity?
Don’t buy a new car until at minimum you’re not underwater on your current car loan
Run away
Why would anyone do this
Gotta love the dealership motto “come for the price and stay for the service.” It seems like they are getting serviced.
Your losing 26,000 on your trade that’s crazy
That’s like 100k after loan interest……… just no… 1000$ down at 1572 is 113,400 over the life of the loan. I’d find out if you can just refinance your existing vehicle some how with your bank or Extend the length of the loan and maybe put 1000$ down to it.
16.37%
Total financed: $71,792
Total paid, after 72 months: $113,184
Total interest paid, after 72 months: $41,392.
Buddy, I’m no finance expert, but holy crap don’t do this.
No matter how you look at it, but 113k for a Sienna seems mind boggling. That used to be used supercar territory, German Big 3 luxury money.
I cannot see any world where this makes sense when used CPO options from a reasonably reliable brand exist.
I have some friends who own about 60 rental properties on a main street in a popular city in new england.They can have anything they want.They all drive shit boxes and are exectric.when he pulls out his 2 inch wad of money its all 50,s 100,s and this isnt a joke.He can buy anything he wants now hes in his sixties.I have no loans or mortgages but my property tax will make you fall over.all flash and no cash.It No one is worth impressing spending that kind of money.Who cares what the next guy thinks,Drive shit boxes and laugh all the way to the bank
What’s wrong with a 2019 Highlander with 53k miles? I think you need to keep that car until that negative equity disappears. You are digging yourself a bigger hole, a 2019 Highlander is an excellent car and nobody who truly matters cares what you drive.