Getting rid of the cougar?!?!

[Ldycgr99]

MAYBE!!! haha If all goes well Iam getting a 05 pontiac GT1. i know its no GTP which would be nice but the payments on my cougar are a lil rediculous! my interest rate is the highest there is so iam paying more than what its worth!


I love my cougar.... If I dont get the pontiac then me and the cougar are meant to be.

[wadespencer99]

OMFG DON'T DOO EEETT!!!

Pontiacs get flat tires :)

[frenchblueC2]

Have you tried refinancing the Cougar?
And won't the Plastiac cost more since it's newer than the Cougar?
What about the insurance for the GT? Is it comparable to the insurance costs for the Cougar?

[gring0]

gt are junk my friend bought 1 and they things been in the shop more then hes driven it.. the comment about the flat tires is funny cause the first 5min after he bought it. it got a flat tire and the cel came on lol

[Ldycgr99]

lol funny about the flat.

My boyfriend had a GT for 3 years and a GTP for 2. they are great cars. i mean I know the sales manager so I can get a good price! plus Iam paying $215 a month on the cougar now and thats a lil rediculous if you ask me for a car thats a 99 with 103,000 miels on it. The only problem my bf had was the transmission but its under warranty.

[JScullin]

How do you have such a high payment at this point? I was paying $255/mo when I bought it new in 2000. I then refinanced it later and got it down to $115/mo.

I think the cars value dropped below $10k sometime in 04-05.

[Ldycgr99]

My credit was so bad i had an interest rate of like 21%, And the bank I went through does not refinance. its retarded. It was $3,000 and its a 28 month payment so Iam really paying $6,048. :banghead:


also i went to get a new car a couple months ago I think it was an 02 chevy Xtreme and It was 13,000 and i would be payin 213 a month with low mileage and a newer vehicle.

[gring0]

so go take another personal loan out and pay the car off should be cheaper

[Ldycgr99]

um... I dont think a bank would do it for that little amount....

I can also try that.... Like my boyfriend was the one who said well u should get a new car and lower your payments since we are moving out and need all the extra money we can get, And My eyes watered I dont wanna get rid of it but it is for the best. It was an upgrade from the 91 acura with no power steering no ac xtra lose gear box ghetto purple tint walmart special cd player ripped seats body rott!! lol

I just always loved pontiacs since my b/f has had one. Easier and cheaper to hook up. Ill def try and get out another loan for my hulk :biggrin:

im confusing I KNOW! thats how Iam.

[JScullin]

Personal loans can be in any amount, usually in $500 increments. Also, if you're a part of a credit union see if you can open a low, fixed APR card and do a cash advance on that to pay the car off.

My bank has a 9.9% APR across the card and it allowed me to take out a cash advance at that rate as opposed to a personal loan at 13.5%.

[LostRacer]

You are aware you can refinance through another bank right? :)

[Ldycgr99]

Ya i know I can its just finding a good bank that will approve me with my credit score. I only have a score of 610. Thats fair not good or great. The bank my car is under now approves people with no or low credit so that was why my interest was so high. Maybe I can get a good one if someone will cosign for me.

[CougarXR02]

if your bf had that good of luck with the reliability on a pontiac after 1988, he's the exception to the rule. I won't write a long winded response as to why, just do some research on them, and you'll see why. they lagged way behind the major car makers in going to more efficient automated assembly lines that produce more consistant quality. In lew of this, GM tried to save costs by doing things like thinning out the walls in engine blocks to use less steel. I think you can figure out where that leads.

They do a really good job of building a car that lasts just long enough to get past warranty. This is from a guy who was in a GM family. A big GM family. When the GM's were becoming junk, we looked elsewhere. Expensive lesson learned.

So much for not being long winded. lol.

Oh, and how many payments do you have left of those 28??? Because if it were say 18, and the new loan is for 60 months, you would only save a few bux a month for a year and a half, then you would be paying on a car loan for 42 more months after you would own the Cougar outright. $0 payment.

[juke-box-hero]

MAYBE!!! haha If all goes well Iam getting a 05 pontiac GT1. i know its no GTP which would be nice but the payments on my cougar are a lil rediculous! my interest rate is the highest there is so iam paying more than what its worth!

....did I say FICKLE? Sheesh! You are a real girl! I can't keep up with all of your mind changes. First you wanted to put a new exhaust on it, then an expensive paint job, now you want to sell it and throw it out like yesterday's trash! :crazy: :tongue:

[vodfan]

Damn I wish my car payment was still in the $200's!

Two things to consider though... Are you going to get equal or greater than what you owe on the Cougar for trade in or will you be upside down on your loan? And, if you can't get approved for a lower interest loan, couldn't the loan for the new car be just as bad?

Actually there's a lot more to consider... I would also assume that going from a 99/00 model year car to an 05 would increase your insurance/taxes/etc...

Also depending on what you pay for insurance (If you have a car loan I will assume you have full coverage) if you can get a personal loan and pay off the car you can drop it down to liability only which might save a bunch.

[vodfan]

My credit was so bad i had an interest rate of like 21%, And the bank I went through does not refinance. its retarded. It was $3,000 and its a 28 month payment so Iam really paying $6,048. :banghead:
.

That doesn't seem to add up. A $3000 loan for 28 months at 21% comes to $136.44/month with total payments of $3820.32... even at 50% interest the payment only comes to $183.51. :confused:

[CougarXR02]

you got a point. even $3000, plus 5% sales tax, at 21% interest, for 28 months is $143.26, for a total of $4011 in payments.

[Ldycgr99]

Well then whats the percentage?! because Iam paying $216.00 for 28 months..... No joke i still have the payment book. So I pretty much got screwed. I think I might try a loan because you guys make more sense. Just finding the right bank to do it!

[Nighteagle006]

Try a credit union. Most of the time they look at the person more than a bank will. Not just your credit score. My credit score is worse than yours and i'm at 10.5 %.

[CougarXR02]

well, the Auto Loan calculator on Cars.com won't go over 50.0% APR, and thats $192.69 a month. and I think there is a limit, like credit card interest. Like it can't be higher than 29.99% or something.

[Ldycgr99]

Well.... I think I got screwed becasue it doesnt make sense!!

Iam paying 216.00
and it is a 28 months.

Iam SO aggravated

[JScullin]

Look into going to a new bank, preferably a credit union if you can. I don't know what you're down to for owing now, but you'll probably knock the payment down to under $80/mo.

You'll feel pretty rich after that.

[Ldycgr99]

well lets see..... I was brought from 32 hours down to 13 to gettin layed off on my last job so I was unable to make payments. Iam 1,300 behind on it and i owe about 2,500 on it. but it will be payed off by this year if i get caught up. Ill def try a credit union. Good thing the bank my car is under isnt loggin in all these missed payments. it doesnt even show up on my credit report :banana: