T
Tim D
Guest
Okay, yes, I do blame myself for buying an American car, that was my fault. I purchased my BRAND NEW 2007 Chevy HHR LT2 LOADED...completely LOADED. I paided $24,000 for it. So now, after several trips to the dealership for issues they can't seem to fix...I've decided it's time to put the P.O.S. out to pasture. Sadly...I owe about $19,000 for this fine vehicle. I'm aware cars lose value as soon as they drive off the lot, I know American cars don't hold their value all that well, but when I was given the appraised value of $8,500 I almost crapped my pants. How is it possible that a car that was $24,000 new (I have a good credit score and I was given a 4.6% interest rate) is now only worth $8,500. That car is garage kept, no dings, dents, or scratches. I have inviashield on the car, which is a thin plastic that covers scratch and chip prone areas. That in and of itself was $3,000. Finally the car only has 24,000 miles and most of those are highway. That car lost over half of it's value gone in about a year. I would kill to get out of this loan. I would light my car on fire and push it off a cliff if insurance fraud wasn't illegal. Okay...now that I vented...my question is simple. What are my options. I know an option is pay the car off so don't bother pointing that one out.