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To those in the service
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03-22-2008, 11:50 AM
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Zvmwissq
Join Date
Oct 2005
Posts
522
Senior Member
To those in the service
I'm about to join the Navy (please keep any anti-military comments out
) and was wondering what fellow service members do with their cars when stationed either overseas or across the country somewhere. Financially I am not in a good spot with my car. The bank owns it so I cannot just sell it outright, plus I am upside down on my car loan.
I'm actually still living with my parents so it shouldn't be a problem just leaving it be and pay it off as it sits there w/o being used. This seems to be the easiest thing to do, but I've had some other options I've been contemplating.
First off, the car is a '02 WRX with 115k miles and up until recently it's been running fine. Had to spend $500 in parts to fix some things and the transmission just feels like crap. Anyways, I have yet another 3.5 more years (yah..) to pay it off so I was thinking of getting a new car with no more than 10k miles and a warranty. Either way I'm going to be paying for a car I can't use, might as well get something new I will love to have when I can use it again right?? [help]
Another option was to trade it in on a $3,000 car and that way there is less of a loan to pay off completely.
So there they are:
A: Pay off current car as much as possible; sell it when it becomes close to breaking even on how much the car is worth to how much I owe.
B: Trade it in for that new car with warranty and all that other new car jazz - have a really low mileage car years from now.
C: Just get a $3,000 Honda and pay that loan off faster.
Just to let you know, I wasn't exactly considering the new car until my WRX has been acting up and I saw a smoking good deal on Autotrader for a car I absolutely love.
Btw, sorry for the long life story, for some reason I just feel like typing tonight.
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