RichGT350R
Well-Known Member
I for one, don’t like car payments.. I put down as much as I can to get the deal done and pay it off as soon as possible. Most times inside of a year.
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It is a 2020 EDGE ST, only a month old. The amount owed is more than I would get via Carvana or Vroom. However, I will still double check...you didn't say what year your Edge is or what you owe on the purchase. Get a sale/trade quote from the likes of Carvana or Vroom. You might get lucky and they'll net you out and exit out of a sub-optimal situation without big pain.
oh good lord, dude... Assuming you don't get lucky, yeah this is definitely a teachable moment.It is a 2020 EDGE ST, only a month old
Thanks. I have heard about this. Ford certainly does this. It will be interesting with Covid being what it is, if Ford continue this effort this year...You might be able to hold on until the end of the year when they have sales. I don’t know if ford has them but CHEVY has employee pricing in December on certain new cars. Can use the rebates to take care of any negative equity on the car.
Ouch yeah there's no cheap ejection button there. Buyer's remorse is a painful thing and we've all had it about something along the way.It is a 2020 EDGE ST, only a month old. The amount owed is more than I would get via Carvana or Vroom. However, I will still double check...
So i know I'm late to the party and you decided to hold on. The only thing I'd add is before your next car you should spend some time learning about personal finances in general - all of the above cars is completely dependent on the individual and I don't mean just personal preference.- If one cannot get zero percent finance, next best option?
- maximum term for a loan on a car?
- if trading in a car, and it still has financing, best time frame to do so (2 years, 3, 4, etcetera)?
- maximum one should ever pay monthly for a car (your average individual)?
Thanks