Need some advice - thinking of trading my car in. - Page 2

new06Civic · 02-12-2007, 12:09 PM

Quote:

Originally Posted by HondaSalesman2

Besides.. who's going to ever own their car anyways.. You always make payments why not get the lowest ones possible.

Who?

I always own my car. It feels great to bypasses the interest rate charges. There a lot of people than you thought own their car.

But if you are not planning to keep it, it is cheaper to rent it as lease!

***OMGWTFBBQIMDEREK*** · 02-12-2007, 12:40 PM

Man.. am I the only one who likes the Mini Cooper S? I mean.. when I was looking at cars.. I looked at the WRX TR, VW GTI, Civic Si Coupe, Mini Cooper S, or Audi A3.. which all you mentioned are in the list.. so I'll give my reviews on each of them.. well I didn't test drive the WRX or the A3.. but Audi's decrease in value tremendously after the first few years.. so that threw that option out the window.. WRX's are more torque than top end power.. so yeah.. the GTI is fun to drive.. but not as nimble on cornering as the Si.. the Si is a fun, lightweight car that gets you where you need to go.. but in all honestly.. I still wish I got that Mini S haha.. but there are a lot of reasons why I didn't.. first.. in California.. for a 2006 Cooper S.. there's a 5k markup.. which brings the OTD value to around 30k.. second.. Cooper S's at the time (Oct 2006) were all sold out except for like yellow and orange lol due to people preferring S/C over the 2007 Turbo.. third.. if I was gonna wait for a Cooper S.. I would have waited for a 2007 redesigned Cooper S Turbo.. but either way.. the 2006 and 2007 had a 5k markup.. on the test drive however.. wow.. the Cooper S is very well built.. everything feels solid and the one I test drove had no weird creaking or random noises.. the one complaint I had though was the center spedometer.. now whoever thought putting the spedometer in the middle of the car.. wow bad idea.. but the Mini Cooper S handles like a dream.. seriously loved driving that car.. its like driving a go-kart on surface streets.. for anyone thinkin that it's underpowered.. I would say you are wrong.. because the Mini Cooper S JCW (John Cooper Works edition) makes more HP than the regular S and improves handling.. which is pretty incredible OR.. you can dish out 30k+ and get the Mini Cooper S JCW GP.. which is the top of the line limited edition 2-seater racing version. Haha I've written enough. Good luck.

smiley · 02-12-2007, 01:24 PM

I would try and hang on to the RSX a while longer. You will get killed on the trade in. If you decide to go for the SI, then see if you can finance over a longer period and buy it out right. I think that the value of the RSX and the SI will hold resonably well over time. Just look at the prices on the 1999 Preludes.

I have been considering trading in my 06 SI, but would take a 6 to 8 loss

(canadian dollars) After discussing it with a several financial reps, I need to keep it until its 3 or 4 years old, before looking at selling it.

Paid 31,000 with tax (canadian)
Will get 23 or 24 on a trade. Might get close to 25 if I sell privately.

Anyway, just my 2 cents

Good Luck

new06Civic · 02-12-2007, 02:31 PM

Here is the 6-way shootout video. The Si is rated very well among the entire sport compact comparison!

You'll be the judge,

Click the link and select the first video: Sport Compact 6-way Shootout

To me, the Cooper is not practical at all. I drove it, and it feels tight and tidy. It doesn't have the fun factor of the Si, and the Cooper S cost more than the Si Sedan w/ nav. I like the looks, fun factors and gadgets of the Si Sedan than the other 5 sport compacts.

For the fun factors, quality and values I selected the Si Sedan w/ nav over the other 5 sport compacts.

Quote:

Originally Posted by OMGWTFBBQIMDEREK

Man.. am I the only one who likes the Mini Cooper S? I mean.. when I was looking at cars.. I looked at the WRX TR, VW GTI, Civic Si Coupe, Mini Cooper S, or Audi A3.. which all you mentioned are in the list.. so I'll give my reviews on each of them.. well I didn't test drive the WRX or the A3.. but Audi's decrease in value tremendously after the first few years.. so that threw that option out the window.. WRX's are more torque than top end power.. so yeah.. the GTI is fun to drive.. but not as nimble on cornering as the Si.. the Si is a fun, lightweight car that gets you where you need to go.. but in all honestly.. I still wish I got that Mini S haha.. but there are a lot of reasons why I didn't.. first.. in California.. for a 2006 Cooper S.. there's a 5k markup.. which brings the OTD value to around 30k.. second.. Cooper S's at the time (Oct 2006) were all sold out except for like yellow and orange lol due to people preferring S/C over the 2007 Turbo.. third.. if I was gonna wait for a Cooper S.. I would have waited for a 2007 redesigned Cooper S Turbo.. but either way.. the 2006 and 2007 had a 5k markup.. on the test drive however.. wow.. the Cooper S is very well built.. everything feels solid and the one I test drove had no weird creaking or random noises.. the one complaint I had though was the center spedometer.. now whoever thought putting the spedometer in the middle of the car.. wow bad idea.. but the Mini Cooper S handles like a dream.. seriously loved driving that car.. its like driving a go-kart on surface streets.. for anyone thinkin that it's underpowered.. I would say you are wrong.. because the Mini Cooper S JCW (John Cooper Works edition) makes more HP than the regular S and improves handling.. which is pretty incredible OR.. you can dish out 30k+ and get the Mini Cooper S JCW GP.. which is the top of the line limited edition 2-seater racing version. Haha I've written enough. Good luck.

NIGHTHAWKSI · 02-12-2007, 02:42 PM

you could try to find a JCW mini cooper...i dont know if they were just an '06 option or not. that would definatly hang with the SI

EDIT:i didnt bother reading the earlier post that this was already mentioned

BernR6 · 02-12-2007, 02:58 PM

I definitely considered the Cooper S, and liked how they changed over to a turbo now. My main driving each day is Point A to Point B crap, to and from work. However, I drive while at work as well, which my daily driving amounts to anywhere from 80 miles a day round trip to 130 or so. Granted I'm looking for a job closer to home, but I would like to have some fun driving this distance daily. I've always loved Hondas and how they drove. I never cared how fast it was. I just enjoyed the fact that it revved so high. That's what was fun to me. The Cooper S, stated by others on this site, is probably considered a chic car. However, it does handle really well which could be a lot of fun. It's weird how much my priorities have changed over the years. I'm actually liking the Si Sedan better than the coupe. I don't want to start up another coupe vs sedan war, but it's just something about the sedan that I like better. I think as I get close to 30 (in 1.5 years), and get married (6 mos), I'm trying to find a vehicle that is fun to drive, but yet have the practicality for someone of my age who will eventually starting a family. I do agree with Smiley about probably just hanging on to the RSX for now. I just know that the negative equity is going to kill me. I regret ever getting that car...even though it is nice as far as quality is concerned.

HondaSalesman2 · 02-13-2007, 11:44 AM

IMO... Your Rsx eventhough it has been wrecked should not be affecting you trade in that much.. It has been professionaly repaired.. If that car came into my dealership I would say that book is probably going to be somewhere around 14,500 or so, so I would appraise it (with the damage) at around 13,000 as long as the title is clean. That would leave you 3000 in the hole and in texas you would have tax credit of 820 dollars so you would only be 2180 in the hole in this state.. I don't know how things work where you are at but you just need to beat those other dealerships up a little more.

You can also get financing for more than 100 percent on a vehicle, Honda will do 130% on a purchase and 115% on a lease

BernR6 · 02-13-2007, 12:04 PM

That's interesting to know. When I got my car appraised, the best I could get was $11,500. That left me $5k in the hole. So if I wanted to trade for say an 03 Type S (at $18k), I'd be financing $23k for a 3 year old car that isn't even worth that amount. It's frustrating in the whole car business to get any decent deals, cause as we know, they're in it to make a buck for the company. Either way, I think I'm going to take a hit. I just want to get a car I'm happy with, and be done with it. The honda/acura dealerships that appraised my car stated that they couldn't give me as much as book value, because it was in an accident and they couldn't certify it. They said that the hood that was replaced as well as the front bumper didn't have Vin number insignias on it, which they said comes from the factory like that....so to even the dealerships where I didn't offer the information that my car was in an accident, they were able to tell because of the lack of Vin numbers. I, btw, live near philadelphia. However, I work in Allentown PA. I just got a call today from the dealership, because I sent away for a brochure. I guess I'll go in this week, test drive, and have some numbers written up on a possible lease/financing. We'll see what happens.

new06Civic · 02-13-2007, 01:02 PM

Why not email or make phone call the entire dealerships in your area to acquire the quote? You might get better deal at other dealership. It will save you a lot of time.

I completed the deals through email for the last 5 vehicles. The vehicles were waiting for me every time I got there. It is a lot better deal than their sticker prices. Some OTD price quotes included my trade-in value.

Hey, good luck.

Quote:

Originally Posted by BernR6

That's interesting to know. When I got my car appraised, the best I could get was $11,500. That left me $5k in the hole. So if I wanted to trade for say an 03 Type S (at $18k), I'd be financing $23k for a 3 year old car that isn't even worth that amount. It's frustrating in the whole car business to get any decent deals, cause as we know, they're in it to make a buck for the company. Either way, I think I'm going to take a hit. I just want to get a car I'm happy with, and be done with it. The honda/acura dealerships that appraised my car stated that they couldn't give me as much as book value, because it was in an accident and they couldn't certify it. They said that the hood that was replaced as well as the front bumper didn't have Vin number insignias on it, which they said comes from the factory like that....so to even the dealerships where I didn't offer the information that my car was in an accident, they were able to tell because of the lack of Vin numbers. I, btw, live near philadelphia. However, I work in Allentown PA. I just got a call today from the dealership, because I sent away for a brochure. I guess I'll go in this week, test drive, and have some numbers written up on a possible lease/financing. We'll see what happens.

BernR6 · 02-13-2007, 04:37 PM

Yeah, that's definitely a good idea. I'll have to try that. Maybe they'll offer me something I can work with. Thanks for the tip on that. I miss "real" vtec...damn k20a3 engine!

KingMarineM16a4 · 02-13-2007, 05:37 PM

I'm sorry but the Cooper S isn't all they/you make it out to be. I've driven one many times...

philly4dr · 04-05-2007, 06:57 PM

I WOULD GO WOTH A SI SEDAN NOT TO MANY PPL HAVE THEM AND THEY R JUST AS FAST AS THE 2 DR NBP IS A AWSOME COLOR

BernR6 · 04-06-2007, 11:15 AM

Well....I finally got a chance to test drive a Mini S (turbo) the other day. The car definitely handled well, and seemed to be pretty quick. There wasn't much turbo lag either. The problems I had with the car is 1. the price. In my opinion Minis are so overpriced. Yeah, it's BMW engineered and whatnot, but I think it's overpriced for what you get. 2. the reliability I question. I've been a long time honda owner and have had minimal problems with any of my hondas. As far as my situation is concerned, it would definitely not work. I'm basically screwed. For leasing a 2007 Mini S, with a trade in (03 RSX Base) worth $11k and oweing (sp?) $17k yet. My payments for even a lease on this car would be $580 a month (and with $3000 down), which is way too high for me. So I'm guessing even an Si would be in the 400 to 500 range for me per month. So yeah, I'm screwed. I do like the idea that someone said about refinancing. Maybe it'll lower the years of financing from the 6 years that I currently have. Thanks life.

***cbondhonda*** · 04-06-2007, 05:20 PM

Since you are in PA....and if you are close to Ohio / Michigan / Kentucky / Indiana.....or Dont mind driving there.....

There is actually a Regional Special Lease on Civics right now up there. You could trade yours in....depending on how much Up-side down you are....and work with a Dealer there (I could help with the Negotiating) so that you would only have to put Down the First months payment and let the Lease eat a lot of your Negative Equity up.

This only works if you have Tier 1 / Tier 2 Credit (661 or above Beacon Score)

Then your payment (Once again depending or your Negative Equity) would be Mid 300's or so.

Let me know if you would be able to drive to one of those states and we will find a dealer who will deal with you to make it happen on an Si....because the Si is included in that Lease Special.

Chris

xxhaimbondxx · 04-06-2007, 06:12 PM

How in the world do you get a lease for $400-500 a month? Is your credit below 500? My lease is $206 a month, for 32 months for an EX. SI would be what? $250 tops. If you would be paying so much, why not just stay with your current car? If you trade it in, you don't even know how many thousands you would be loosing, plus paying a lease on another car. I just don't get it.

BernR6 · 04-09-2007, 02:56 PM

Okay, to address some of the questions and issues here. Well, I don't recall off the top of my head what the actual credit score is, but I believe to be in the 700's...this is good, however, is where I got into some trouble in the first place. I financed my 03 RSX for $18k total including tax, tags, and ext. warranty. Kickin' myself for the extra warranty crap. Anyway, because my credit score was good, I was accepted for a 7 year financing, paying $300 a month. Big mistake...cause now I'm paying the car off until 2013! I was in an accident in August, car wasn't totalled although had $8k in damages. Repaired professionally, and then when I went to trade, I got much less in terms of offers for trade...instead of about $13/$14k, I'm getting $10k/$11k at best. I'm upside-down in negative equity by about $6k. So when I went to get a lease on a mini cooper S and even an Si sedan, they tacked on the $6k onto the price after taxes and tags....so I'd end up leasing/financing in the amount of $30k or more over the course of the term. This is why my payments were $585 or in that range, and that's even with $3000 down on a lease. I'm so in over my head I don't know what to do to get out of this. I admit to making a mistake in getting this car, and also getting a 7 year loan...that's ridiculous. Here are my options that I'm thinking of:

1. Pay down the car more, and lease a new car, spreading the neg equity out over the course of the lease term. At the end of the lease, I've paid the neg equity off and can either keep the car or get out altogether and start fresh.

2. K20a2 or K24a2 engine swap...possibly the cheapest route. Also refinance my loan, if I can find a better deal through my personal bank...maybe over 5 years instead of a 7 year finance.

3. If it happens where I'd get into a crash and the car is totaled, then I'd be out of it....I have gap insurance. This is far fetched, nor will I try to "arrange" something. Drivers out there are idiots, and I'm bound to get hit by someone eventually.

Those are my current thoughts. The thought of 6 more years of paying on this is killing me. I'm not a fan of this car, and yes I made a mistake. I would have no problems driving to another state if it was possible to take advantage of a leasing special. My concern is getting there, and finding out that I'm going to end up paying the same astronomical amounts that the dealers are giving me here. I know it's probably not at all possible, but I would love to have $300 a month payments...at most maybe $350. I don't even know if this is any way feasible. I guess that's why I've been searching around for some answers. Any more help from you guys would be appreciated. I even sold my Yamaha R6 last week to allow more money for my upcoming wedding. :-( <---- frown is for the loss of the bike, not the wedding part. haha.

02-12-2007, 01:24 PM	#23 (permalink)
smiley Junior Member Join Date: May 2006 Location: Manitoba, Canada Posts: 15 iTrader: 0 / 0%	buy vs lease I would try and hang on to the RSX a while longer. You will get killed on the trade in. If you decide to go for the SI, then see if you can finance over a longer period and buy it out right. I think that the value of the RSX and the SI will hold resonably well over time. Just look at the prices on the 1999 Preludes. I have been considering trading in my 06 SI, but would take a 6 to 8 loss (canadian dollars) After discussing it with a several financial reps, I need to keep it until its 3 or 4 years old, before looking at selling it. Paid 31,000 with tax (canadian) Will get 23 or 24 on a trade. Might get close to 25 if I sell privately. Anyway, just my 2 cents Good Luck

04-06-2007, 05:20 PM	#34 (permalink)
*cbondhonda* Sales Guru/CarDeal Mentor Join Date: Jan 2007 Location: San Antonio Posts: 1,426 Chris iTrader: 0 / 0%	Since you are in PA....and if you are close to Ohio / Michigan / Kentucky / Indiana.....or Dont mind driving there..... There is actually a Regional Special Lease on Civics right now up there. You could trade yours in....depending on how much Up-side down you are....and work with a Dealer there (I could help with the Negotiating) so that you would only have to put Down the First months payment and let the Lease eat a lot of your Negative Equity up. This only works if you have Tier 1 / Tier 2 Credit (661 or above Beacon Score) Then your payment (Once again depending or your Negative Equity) would be Mid 300's or so. Let me know if you would be able to drive to one of those states and we will find a dealer who will deal with you to make it happen on an Si....because the Si is included in that Lease Special. Chris __________________ http://cbondhonda.com/blog <<<Check it out for current Gunn Honda "Going's On" and used Inventory updates!! And Dont forget my Buying Info forum on here! http://www.8thcivic.com/forums/new-c...g-information/ "Honda builds cars just so they can put its engines in them. Honda will always be a leader in powertrain.”

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02-12-2007, 12:40 PM	#22 (permalink)
*OMGWTFBBQIMDEREK* WTFBBQZ? Join Date: Nov 2006 Location: the OC Age: 19 Posts: 1,217 Derek iTrader: 1 / 100%	Man.. am I the only one who likes the Mini Cooper S? I mean.. when I was looking at cars.. I looked at the WRX TR, VW GTI, Civic Si Coupe, Mini Cooper S, or Audi A3.. which all you mentioned are in the list.. so I'll give my reviews on each of them.. well I didn't test drive the WRX or the A3.. but Audi's decrease in value tremendously after the first few years.. so that threw that option out the window.. WRX's are more torque than top end power.. so yeah.. the GTI is fun to drive.. but not as nimble on cornering as the Si.. the Si is a fun, lightweight car that gets you where you need to go.. but in all honestly.. I still wish I got that Mini S haha.. but there are a lot of reasons why I didn't.. first.. in California.. for a 2006 Cooper S.. there's a 5k markup.. which brings the OTD value to around 30k.. second.. Cooper S's at the time (Oct 2006) were all sold out except for like yellow and orange lol due to people preferring S/C over the 2007 Turbo.. third.. if I was gonna wait for a Cooper S.. I would have waited for a 2007 redesigned Cooper S Turbo.. but either way.. the 2006 and 2007 had a 5k markup.. on the test drive however.. wow.. the Cooper S is very well built.. everything feels solid and the one I test drove had no weird creaking or random noises.. the one complaint I had though was the center spedometer.. now whoever thought putting the spedometer in the middle of the car.. wow bad idea.. but the Mini Cooper S handles like a dream.. seriously loved driving that car.. its like driving a go-kart on surface streets.. for anyone thinkin that it's underpowered.. I would say you are wrong.. because the Mini Cooper S JCW (John Cooper Works edition) makes more HP than the regular S and improves handling.. which is pretty incredible OR.. you can dish out 30k+ and get the Mini Cooper S JCW GP.. which is the top of the line limited edition 2-seater racing version. Haha I've written enough. Good luck.

02-12-2007, 02:42 PM	#25 (permalink)
NIGHTHAWKSI Senior Member Join Date: Nov 2006 Location: long island Posts: 10,180 iTrader: 12 / 100%	you could try to find a JCW mini cooper...i dont know if they were just an '06 option or not. that would definatly hang with the SI EDIT:i didnt bother reading the earlier post that this was already mentioned

02-12-2007, 02:58 PM	#26 (permalink)
BernR6 Junior Member Join Date: Feb 2007 Location: Ambler PA Age: 30 Posts: 14 Bernie iTrader: 0 / 0%	I definitely considered the Cooper S, and liked how they changed over to a turbo now. My main driving each day is Point A to Point B crap, to and from work. However, I drive while at work as well, which my daily driving amounts to anywhere from 80 miles a day round trip to 130 or so. Granted I'm looking for a job closer to home, but I would like to have some fun driving this distance daily. I've always loved Hondas and how they drove. I never cared how fast it was. I just enjoyed the fact that it revved so high. That's what was fun to me. The Cooper S, stated by others on this site, is probably considered a chic car. However, it does handle really well which could be a lot of fun. It's weird how much my priorities have changed over the years. I'm actually liking the Si Sedan better than the coupe. I don't want to start up another coupe vs sedan war, but it's just something about the sedan that I like better. I think as I get close to 30 (in 1.5 years), and get married (6 mos), I'm trying to find a vehicle that is fun to drive, but yet have the practicality for someone of my age who will eventually starting a family. I do agree with Smiley about probably just hanging on to the RSX for now. I just know that the negative equity is going to kill me. I regret ever getting that car...even though it is nice as far as quality is concerned.

02-13-2007, 11:44 AM	#27 (permalink)
HondaSalesman2 Junior Member Join Date: Dec 2006 Posts: 27 iTrader: 0 / 0%	IMO... Your Rsx eventhough it has been wrecked should not be affecting you trade in that much.. It has been professionaly repaired.. If that car came into my dealership I would say that book is probably going to be somewhere around 14,500 or so, so I would appraise it (with the damage) at around 13,000 as long as the title is clean. That would leave you 3000 in the hole and in texas you would have tax credit of 820 dollars so you would only be 2180 in the hole in this state.. I don't know how things work where you are at but you just need to beat those other dealerships up a little more. You can also get financing for more than 100 percent on a vehicle, Honda will do 130% on a purchase and 115% on a lease

02-13-2007, 12:04 PM	#28 (permalink)
BernR6 Junior Member Join Date: Feb 2007 Location: Ambler PA Age: 30 Posts: 14 Bernie iTrader: 0 / 0%	That's interesting to know. When I got my car appraised, the best I could get was $11,500. That left me $5k in the hole. So if I wanted to trade for say an 03 Type S (at $18k), I'd be financing $23k for a 3 year old car that isn't even worth that amount. It's frustrating in the whole car business to get any decent deals, cause as we know, they're in it to make a buck for the company. Either way, I think I'm going to take a hit. I just want to get a car I'm happy with, and be done with it. The honda/acura dealerships that appraised my car stated that they couldn't give me as much as book value, because it was in an accident and they couldn't certify it. They said that the hood that was replaced as well as the front bumper didn't have Vin number insignias on it, which they said comes from the factory like that....so to even the dealerships where I didn't offer the information that my car was in an accident, they were able to tell because of the lack of Vin numbers. I, btw, live near philadelphia. However, I work in Allentown PA. I just got a call today from the dealership, because I sent away for a brochure. I guess I'll go in this week, test drive, and have some numbers written up on a possible lease/financing. We'll see what happens.

02-13-2007, 04:37 PM	#30 (permalink)
BernR6 Junior Member Join Date: Feb 2007 Location: Ambler PA Age: 30 Posts: 14 Bernie iTrader: 0 / 0%	Yeah, that's definitely a good idea. I'll have to try that. Maybe they'll offer me something I can work with. Thanks for the tip on that. I miss "real" vtec...damn k20a3 engine!

02-13-2007, 05:37 PM	#31 (permalink)
KingMarineM16a4 Senior Member Join Date: Nov 2006 Location: Arlington, Texas Age: 19 Posts: 5,274 David iTrader: 0 / 0%	I'm sorry but the Cooper S isn't all they/you make it out to be. I've driven one many times...

04-05-2007, 06:57 PM	#32 (permalink)
philly4dr Junior Member Join Date: Mar 2007 Location: philly Age: 23 Posts: 15 jay iTrader: 0 / 0%	I WOULD GO WOTH A SI SEDAN NOT TO MANY PPL HAVE THEM AND THEY R JUST AS FAST AS THE 2 DR NBP IS A AWSOME COLOR

04-06-2007, 11:15 AM	#33 (permalink)
BernR6 Junior Member Join Date: Feb 2007 Location: Ambler PA Age: 30 Posts: 14 Bernie iTrader: 0 / 0%	Well....I finally got a chance to test drive a Mini S (turbo) the other day. The car definitely handled well, and seemed to be pretty quick. There wasn't much turbo lag either. The problems I had with the car is 1. the price. In my opinion Minis are so overpriced. Yeah, it's BMW engineered and whatnot, but I think it's overpriced for what you get. 2. the reliability I question. I've been a long time honda owner and have had minimal problems with any of my hondas. As far as my situation is concerned, it would definitely not work. I'm basically screwed. For leasing a 2007 Mini S, with a trade in (03 RSX Base) worth $11k and oweing (sp?) $17k yet. My payments for even a lease on this car would be $580 a month (and with $3000 down), which is way too high for me. So I'm guessing even an Si would be in the 400 to 500 range for me per month. So yeah, I'm screwed. I do like the idea that someone said about refinancing. Maybe it'll lower the years of financing from the 6 years that I currently have. Thanks life.

04-06-2007, 06:12 PM	#35 (permalink)
xxhaimbondxx Senior Member Join Date: Dec 2006 Location: Brooklyn=>Albany, NY Posts: 530 iTrader: 0 / 0%	How in the world do you get a lease for $400-500 a month? Is your credit below 500? My lease is $206 a month, for 32 months for an EX. SI would be what? $250 tops. If you would be paying so much, why not just stay with your current car? If you trade it in, you don't even know how many thousands you would be loosing, plus paying a lease on another car. I just don't get it.

04-09-2007, 02:56 PM	#36 (permalink)
BernR6 Junior Member Join Date: Feb 2007 Location: Ambler PA Age: 30 Posts: 14 Bernie iTrader: 0 / 0%	Okay, to address some of the questions and issues here. Well, I don't recall off the top of my head what the actual credit score is, but I believe to be in the 700's...this is good, however, is where I got into some trouble in the first place. I financed my 03 RSX for $18k total including tax, tags, and ext. warranty. Kickin' myself for the extra warranty crap. Anyway, because my credit score was good, I was accepted for a 7 year financing, paying $300 a month. Big mistake...cause now I'm paying the car off until 2013! I was in an accident in August, car wasn't totalled although had $8k in damages. Repaired professionally, and then when I went to trade, I got much less in terms of offers for trade...instead of about $13/$14k, I'm getting $10k/$11k at best. I'm upside-down in negative equity by about $6k. So when I went to get a lease on a mini cooper S and even an Si sedan, they tacked on the $6k onto the price after taxes and tags....so I'd end up leasing/financing in the amount of $30k or more over the course of the term. This is why my payments were $585 or in that range, and that's even with $3000 down on a lease. I'm so in over my head I don't know what to do to get out of this. I admit to making a mistake in getting this car, and also getting a 7 year loan...that's ridiculous. Here are my options that I'm thinking of: 1. Pay down the car more, and lease a new car, spreading the neg equity out over the course of the lease term. At the end of the lease, I've paid the neg equity off and can either keep the car or get out altogether and start fresh. 2. K20a2 or K24a2 engine swap...possibly the cheapest route. Also refinance my loan, if I can find a better deal through my personal bank...maybe over 5 years instead of a 7 year finance. 3. If it happens where I'd get into a crash and the car is totaled, then I'd be out of it....I have gap insurance. This is far fetched, nor will I try to "arrange" something. Drivers out there are idiots, and I'm bound to get hit by someone eventually. Those are my current thoughts. The thought of 6 more years of paying on this is killing me. I'm not a fan of this car, and yes I made a mistake. I would have no problems driving to another state if it was possible to take advantage of a leasing special. My concern is getting there, and finding out that I'm going to end up paying the same astronomical amounts that the dealers are giving me here. I know it's probably not at all possible, but I would love to have $300 a month payments...at most maybe $350. I don't even know if this is any way feasible. I guess that's why I've been searching around for some answers. Any more help from you guys would be appreciated. I even sold my Yamaha R6 last week to allow more money for my upcoming wedding. :-( <---- frown is for the loss of the bike, not the wedding part. haha.