Be prepared to hear this term a lot...

"UPSIDE DOWN"

It is a common term used in the automotive industry to describe a person who "owes more to the finance company than the car is worth."

- So lets say you owe $57K, but the trade in/private party value is no more than $52K. You will have no choice, if you want to get rid of the car, but to pay the finance company the difference. I would even go as far as state that you will NEVER be able to find a buyer who will pay what you owe. And, if the opposite is true, you put a lot of $$$ down when you bought the car, you can call that a write off. You will not recoup it.

So the question is, how badly do you really want to get rid of your X ??
Is it worth $5K - $10K just to get into another car.
When I had my FX45, it was worth it for me to take that loss. I hated the Infiniti and was dancing cartwheels when I got back into the X.

This is the main reason I lease cars now. I never want to be upside down again, you are at the hands of the buyer and can't ever get a good deal. Yes, I do have to make a commitment to the terms of the lease, but at least when it's done, I can hand in the car and walk away.

If people finance for five years, in three years they want to sell, guess what? Their screwed. Gonna take a big loss not including the finance charges..

Keep your X... It is an amazing car, you have the 4.4 which is sweeeeeet..
It is brand new and still one of the best vehicles on the road in my opinion.

B

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"When two people agree on everything, one of them is not necessary" - Arliss