I bought a new, fairly loaded Chrysler 200 in 2015. (I was trading my dream car in and wanted something as nice - I acknowledge the stupidity of this in retrospect.) I was talked into doing a 72 month loan term to keep my payments the same as they were on the previous vehicle. Subsequent refinancing with my credit union knocked that term down to $389/month for 66 months.
I have 34 months left (~$13,300). Being a Chrysler, the car has a trade in of $9,000 on a good day. I also recently received notice of a class action law suit being filed for transmission issues with the vehicle.
I have no desire to put $2500 into a car I already owe so much money on to replace a transmission but also understand that would still be less money than I’d “lose” by trading it in. This has me nervous. Is there any scenario in which I could trade the Chrysler and come out the better for it? Money is tight so I’m loathe to do anything that will increase that long term, and I need a reliable, rock solid car I don’t have to constantly repair and do maintenance beyond the standard on.
Thanks so much for any advice!
Submitted December 03, 2018 at 07:24AM by CyborgCrusher https://ift.tt/2RtAbrB
