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08-17-2004, 10:33 PM | #1 |
Scooby Newbie
Member#: 65680
Join Date: Jul 2004
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Want to "sell" my Sti, but still owe on it, what to do?
I have an 04 Sti that I love, but looking back it probably wasnt a good business decision. What are my options for selling it? of course I dont own it yet as it is being financed. I owe 25k on it, it has 12k miles. I'm rather certain that whatever I do either my pocket, my credit or both will suffer.
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08-17-2004, 10:36 PM | #2 |
Scooby Specialist
Member#: 21812
Join Date: Jul 2002
Chapter/Region:
MAIC
Location: Woodbridge, VA
Vehicle:2011 Mazda2 |
You can probably get just over $25k for it privatly if it is in great condition and well maintained. Sell it and get rid of the loan and then get something cheaper? I dont think your upside down yet.
This thread might help: http://forums.nasioc.com/forums/showthread.php?t=357921 |
08-17-2004, 10:45 PM | #3 |
Scooby Specialist
Member#: 15679
Join Date: Feb 2002
Chapter/Region:
SCIC
Location: GPSW - UFQC
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I'll trade you my WRX for your STI and I'll take over the loan payments.
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08-17-2004, 10:50 PM | #4 |
Scooby Guru
Member#: 7977
Join Date: Jul 2001
Chapter/Region:
MAIC
Location: Sterling, VA
Vehicle:100% Abuse |
kins: don't you have some equity in your 02 by now? that seems like a bad deal for you... unless you still owe a lot! (like me)
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08-17-2004, 10:52 PM | #5 |
Scooby Specialist
Member#: 33246
Join Date: Feb 2003
Chapter/Region:
NESIC
Location: Where ever I lay my hat is my
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Sell it and walk, problem solved.
Easy. - Janq |
08-17-2004, 10:53 PM | #6 | |
Scooby Specialist
Member#: 42145
Join Date: Aug 2003
Location: cruizin' down the street in my
Vehicle:6-4 jockin da bish- es and slappin the hoes. |
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08-17-2004, 11:09 PM | #7 | |
Scooby Specialist
Member#: 33246
Join Date: Feb 2003
Chapter/Region:
NESIC
Location: Where ever I lay my hat is my
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Quote:
So you pay $500 or $1K as per Bob's example. Big whoop. You got to drive around in an STi for x months and only paid $500 or $1K plus gas & insurance. Thats not a bad deal at all. Sell it and move on with life. - Janq |
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08-17-2004, 11:20 PM | #8 |
Scooby Newbie
Member#: 64729
Join Date: Jun 2004
Chapter/Region:
E. Canada
Location: Lake Huron
Vehicle:07 WRX Wagon WRB |
Ship your car over to me in New Zealand and claim someone stole it...
They'll never find it over here! |
08-17-2004, 11:23 PM | #9 |
Scooby Specialist
Member#: 48380
Join Date: Nov 2003
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im actually in the market for a sti so sell it to me for uber cheapness.
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08-17-2004, 11:23 PM | #10 | |
Scooby Specialist
Member#: 15679
Join Date: Feb 2002
Chapter/Region:
SCIC
Location: GPSW - UFQC
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Quote:
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08-18-2004, 12:04 AM | #11 | |
Scooby Newbie
Member#: 16314
Join Date: Mar 2002
Chapter/Region:
E. Canada
Location: Ottawa, ON
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Quote:
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08-18-2004, 12:06 AM | #12 |
Scooby Guru
Member#: 4418
Join Date: Feb 2001
Chapter/Region:
MWSOC
Location: NKY
Vehicle:2019 CTR White |
Well I had to sell my RS when I lost my job. I owed $700 more than what I sold it for, and just had to pay the bank what I owed (the $700). It was so easy .
Now I have no car payments and life is great . I am not a prisoner to the bank... -justin |
08-18-2004, 12:13 AM | #13 | |
Scooby Specialist
Member#: 33246
Join Date: Feb 2003
Chapter/Region:
NESIC
Location: Where ever I lay my hat is my
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Quote:
If he was one who paid striaght retail or worst MSRP + Dealer Premium (!) then well the pain might be a bit more acute. But even still it doesn't really matter. In the end he pays what ever he did and gets rid of the loan via its sale. At the end of the day its not that bad a deal and he moves on with life. Its not like he has any other choices. - Janq |
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08-18-2004, 05:13 AM | #14 |
Scooby Specialist
Member#: 15679
Join Date: Feb 2002
Chapter/Region:
SCIC
Location: GPSW - UFQC
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look just give me the sti and ill give you my wrx in return
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08-18-2004, 10:08 AM | #15 | |
Scooby Newbie
Member#: 67264
Join Date: Jul 2004
Chapter/Region:
Tri-State
Location: Willow Grove, PA
Vehicle:2008 Subaru WRX Obsidian Black |
Quote:
i own a 2003 civic ex that i owe 14K on. even though it could sell easily for $15.5K, a dealer only offered me 11.7K for it. im in the same boat as you |
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