Potential 2007 4.8 purchase - but what's the catch?

[jeremym]

Originally Posted by rrich49132

Have you tried listing it on Craigslist or cars.com and I assume you don't have to sell before you get the new one or else you would be at the mercy of the dealership. It is amazing what they get away with and how many people just give in and trade their car in.

I mean...I'm preapproved for $62k. I could theoretically keep my existing loan and then use the preapproved offer for a new X5 and then work on selling my current truck private party. Only issue with that is that I can't roll anything over. I'd have to come up with a couple grand cash to pay off the loan when I sold it private party.

I'm really just fed up with the situation and the no warranty issue is really hanging over my head. It's either I pay for a truck I'm already upside down on with NO warranty and hope nothing happens. Or, I have high minimum payments and put an extra $200-$300 towards principal every month and drive around a new X5 with CPO etc etc.