Serving Our Country!
Join Date: Jun 2012
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keep it.there are 06's around here selling for the same price that you owe. At a low interest rate with long term payments, I am sure your current payments are lower then a high interest short term loan on a cheaper car will be. I have done the whole bankruptsy thing before and trust me, you will be glad you saved that long lasting truck with low interest.The few times it will be need repairs will be outweigh'd by the quality and longevity of the truck and the smaller payment.If not, you will be paying the same or more(probably more) to drive a 200,000 mile generic rental car with 24+ interest rate. By the time you are done paying for your 200,000 mile impala,cavalier, aveo you will have paid double what it was worth when you bought it and the value at the time is is paid off will be a fraction of the value when you bought it. You will probably pay close to $26k for a much cheaper car once the high interest is added plus other fees included depending on the lender.Trust me.If you plan to finance another car and let it go you will regret it. If you must let it go, buy a cheap car/truck cash, but the cheap car/truck will more then likely be higher maintinance then your truck as it will be run down.just keep it... Good luck to you.
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2006 6.0 PSD Van
SCT,DiamondEye,Autometer,king ranch,and other crap that nobody cares about...
Last edited by UrbanAssaultVan; 06-28-2012 at 12:42 AM.