Advice needed on what to do with a car issue and what is the best choice financially.
I have a 2011 Honda Odyssey and it's been nothing but problematic. I owe about 17,500 on the vehicle with 74k miles on it. I still have about 3 years until it's paid off. At inspection 4 months ago it needed 2k worth of work none of it was going to make it fail inspection but annoying things like the automatic doors don't work.
Last week it started shaking on the highway and it may be a transmission issue based on reading reviews on people's complaint on the car.
At this point I have negative equity on the vehicle as I could only resell/trade it for about 15-16k .
The good is I have decent credit and the interest rate is 3.2% .
Should I trade in the vehicle knowing I will have negative equity on it but won't have to pay for the issues it currently have or is better to just keep making payments?
At the moment I only have about 500 for a down payment for a different vehicle .
Advice is appreciated!!
Submitted February 12, 2017 at 07:59PM by tzporidge http://ift.tt/2lEI8Kc
