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Is This A Realistic Car Plan?

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Is This A Realistic Car Plan?

Postby Ulmarr » Mon May 15, 2017 10:52 am

I started out driving with a 2011 Kia Forte coupe and recently totaled it.. now I have a 2004 Infiniti g35. I hate it and it has so many expensive problems that I have to fix. Oil leaks, engine problems, belt problems, etc.. I bought it a month ago for about $13,000 with the insurance money from what my Kia was worth in the end. It has 135,000 miles on it. I am getting all of the problems fixed on this car then I plan to trade it in as a down payment for a 2012 Volvo C30, it is about $25,000. Is this a realistic thing to do? I understand that it sounds crazy to sell a car that I just got a month ago but it was a terrible move on my part and I can't afford to keep throwing money away on it. Is there any way to find out what my monthly payments on a new car like that would be?
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Is This A Realistic Car Plan?

Postby Constant » Mon May 15, 2017 6:41 pm

Why do you even need a 2012 VOLVO? If you're going to insist in putting yourself in debt for shitty cars please pick something other than an over priced volvo of all things. My lord.
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Is This A Realistic Car Plan?

Postby Cowyn » Wed May 17, 2017 7:14 am

Infiniti's are for the most part one of the most reliable luxury cars next to Lexus. Keep in mind this is a 2004 G35 model so if the dealer or prior owner did not service the vehicle to its specifications then your getting the brunt of the maintenance repairs thrown at you. The G35 is no longer worth 13,000 to the dealer nor was it ever worth that, they mark up the price at least $2,000 - $4,000 to make a profit. According to KBB (Kelly Blue Book) your 2004 Infiniti G35 coupe with 135,000 miles would be valued by a Car dealer at a trade-in price of $7,555 in "Excellent condition", $7,330 in "Very Good condition", $6,830 in "Good condition" and $5,605 in "Fair condition". However according to KBB if you decide to sell the vehicle as a private party meaning by owner, your car would be valued between $7,820 in "Fair condition" up to $9,920 in "Excellent condition." Point is no matter what you do, your current Infiniti G35 is the only source of down payment you have in order to get you into your next vehicle. If you want to be paying under $330 per month then you need to be shopping for a car under $20,000.
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Joined: Fri Jan 10, 2014 6:50 pm

Is This A Realistic Car Plan?

Postby Keanan » Sat May 20, 2017 4:04 am

G35s are pretty reliable cars. It just sucks that you bought a 2004 with 135,000 miles, and all those problems, for 13k. Most of the time, in my area, which is pretty expensive for buying vehicles, a car like that would go for 8-9 thousand.

If you're set on a new car, and don't mind that you're buying a less well performing vehicle, Hyundai/Kia have the longest warranty (10 yr/100k mile power train) and come in at a much lower price most of the time.

I really suggest you just take the loss on the G and keep it though, they're pretty nice cars.
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Joined: Tue Jan 14, 2014 10:53 pm

Is This A Realistic Car Plan?

Postby Zadok » Sun May 21, 2017 11:25 pm

Hi Megan,

You have learned an expensive lesson, and probably will learn more with a Volvo.
Do not spend a cent on the Infiinti if you are going to trade it, it is really not worth anything to the dealer who will just wholesale it for whatever he can get for it, no matter if it is all fixed up or not.
Too many miles on it - which is the whole problem.
Don't buy a used car, no matter who makes it, with that many miles on it for such a lot of money.
I would not recommend a Volvo as they are expensive and costly to repair if you have a problem.
I would instead go to Toyota and see what they have that appeals to you.
The Corolla is a popular car because it lasts and gets good mileage.
A Honda would also be a good choice, look at an Accord, for example.
These cars maintain their value and last a long long time.
good luck and hope you take my advice.
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Joined: Sat Mar 01, 2014 8:08 am

Is This A Realistic Car Plan?

Postby Emiliano » Tue May 30, 2017 12:32 am

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