What should I do about my 2004 Pontiac Grand Prix, I owe twice it's current value.?

  • Thread starter Thread starter James M
  • Start date Start date
J

James M

Guest
Because of high interest rates, and unfortunate but necessary late fees, I owe nearly two times the cars market value. Should I attempt repairs and continue to pay for a few more years, or use it as a trade in?
 
Keep it and pay it off. To buy another car, now will only put you deeper in debt. "When you find yourself in a hole, stop digging"
 
Well cars don't tend to go up in value. The money you spend on them you'll never see again!

With this in mind I'd do one of two things:
#1 Do the most basic of repairs and continue to drive it. (OR)
#2 Do the most basic of repairs and sell it ASAP and get something more basic.
 
Back
Top