Hi guys. Wanting some opinions on what to do. I have the car in my sig. Going to be doing 60+ miles a day commuting from here on out and can't decide whether or not to trade this car in for a more fuel efficient one.
I'm upside-down about 3500 dollars on it which stinks obviously. However, if I don't trade it in now I'm not sure whether or not depreciation will continue to keep me in the red. Would it be better to trade it in now before I load up more miles on it and take the $3500 loss but gain a much more fuel efficient car or just keep it. I think I've explained what the dilemma is.
Thanks
I'm upside-down about 3500 dollars on it which stinks obviously. However, if I don't trade it in now I'm not sure whether or not depreciation will continue to keep me in the red. Would it be better to trade it in now before I load up more miles on it and take the $3500 loss but gain a much more fuel efficient car or just keep it. I think I've explained what the dilemma is.
Thanks