What to do?

[99SilverSE]

So I traded the 99SE in on a 05 Grand Prix GTP. Love the car but not the payments so my wife decided that we'll buy a smaller cheaper car and sell the GTP. So we bought a 00 Grand Am GT coupe. And still have the GTP for sale (since the begining of Sept) with no calls and a couple questions on facebook.

Anyway, I like the GA GT but I keep seeing 00+ Bonnies and am really thinking about getting a Ei.

I still owe about $8200 on the GTP and can't even get a bite at that price. I really don't want a payment but i'm wondering if it would be a good idea to trade in the GTP on a SSEi.

HELP!!!

[ga93sle]

I feel like for what you owe you might come up pretty upside down :/

[99SilverSE]

Yeah thats what i'm kinda thinking too, but I don't know what to do. I really need the GTP gone but I haven' had any real activity abiut it. Like I said, I've got it for sale for $8200 on Craigslist, had it on Ebay, other car selling sites, Facebook etc... And had 2 calls that left a message asking if it was still for sale. I called them back and got voicemail, left a message and they never called back. And the rest of the people replying on facebook just ask questions about whats the lowest I'll take or where do I live and thats all.

Kinda aggrivating to have bought a car to replace the one I thought would be easy to sell. Paying the ins for both and a car payment for the one I don't even drive anymore.

[yonkerse]

Do you guys only require one car between the two of you? Or is one of you still driving the GTP even though its still for sale? - Edit: Started replying before I saw your most recent post!

Sounds like your in a tough spot. I'm not really sure what your Trade-in Value is for your GTP, but its probably going to be much lower than desired. I would almost suggest dropping the price on it to maybe $7000 on the GTP and hopefully moving it. Your still going to be out the extra $1200 on what you owe, and still need to purchase the 00+ Bonny. I would think overall you would be less money behind going this route than just trading in the vehicle for less than its worth and still paying off the loan.

[ga93sle]

Otherwise a lot of dealers will outright buy a car... if push comes to shove, hit up some dealers and see what they might give you to sell it. Again, you might still owe a little to boot, but it'd get the car gone...

Just don't let a dealer push you around. Go into it with a number in mind, and stick to your guns. If they want the car bad enough, they'll bite. You never know what dealer might know somebody that's looking for your particular car...

[99SilverSE]

I can't/won't drop it less than $8000 its private party sale price is about $9250

And I dont have the cash to pay the differance right now anyway.

[94SilverSSEi]

Whatever you do I would not "trade" the GTP for an SSEi. Sure they might get you out of the loan and get you out of the car but a lot of times they will just roll over leftovers from your old loan into the new one and then you owe a WAY more than the car you are purchasing is worth.

I think your best bet is checking out some dealers and see what they are willing to pay (you could at least get an idea of what it's worth and if you'd be able to get more private party). Unless, you can find a nice SSEi, and are able to trade the GTP and buy the SSEi without having to come out of pocket to much if any at all.

(Seems like your GTP should be worth more than an SSEi, so might be able to do a straight up trade with the dealer?)

Or keep it for a couple more months to pay down the loan and then sell private party for a little less.


Also, not sure if you have a lien on the title or not, BUT in most cases you won't be able to sell the car until the lean is completely paid up, so you'll have to come up with the money one way or another.