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Old 11-07-2009, 10:05 PM   #11
Kal-El
 
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Drives: 07 Yaris S Sedan 5-Speed
Join Date: Oct 2008
Location: Massachusetts
Posts: 2,179
Quote:
Originally Posted by YarisOwnersDad View Post
...
I took the no interest for 60 months option instead of the $1000 cash rebate, and my payments are $316.77. There was no cash down payment, so the Yaris will end up costing me $19,000.62, which covers the tax and license and the debt carried over from the Cobalt. See what trading in with upside down equity will do for ya? Is a Yaris sedan, nice car that it is, really worth $19,000? I don't think so!

Tom
You might as well pay the $19K especially since it's interest free and then keep the Yaris beyond that. So do you plan on taking it on the long haul?

One other thing I forgot to ask was why you didn't lease vehicles? That's usually the way to go if you want a new car every two years or so. I noticed most of the previous cars you owned were American and had horrendous resale value. I can only imagine the hit you took.
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