Ok, I will be honest. At the time I bought my car, my job was not bringing in much money so I signed for a 7-year loan on my '05 Cobalt (purchased June '05). My new job pays great, but I am still stuck with the 7-year loan. Payment is automatically deducted from my account, so it is kinda hard to make double payments or anything.

What should I do if I want to trade my car in in about 3-4 years or so and not lose my ****? How long should I actually wait to trade in? NEED HELP!!

 

keep checking the blue book value. when it either meets the price you owe on the loan or is less that is when i would sell it.

 

Umm Im pretty sure ANYONE wouldn't mind an early or extra payment. I was told I could make extra payments. You might want to check with where you got your loan. Seems kinda : / to me.

 

You should be able to set up extra payments with online banking. Then you can do it from home--easy

 

What blue book value should I check (retail, trade-in, or private party)?

 

depends on what you want to do if you want to trade it up its umm trade in i believe if you want to sell privately its private party and if you were buying it you would check retail

 

You can make extra... or larger... payments man... or just throw the extra money into mods... turbo that thing!

 

You can refinance, for a lower payment, then double that payment. Plus you'll usually get a lower interest rate. That's what I did with my cobalt. It's working out great too!

 

Think I might do that!

 

 

Go have it refinanced

Call your banker, find a good rate, compare rates, and refinance your car, which will raise your payment but you can choose years, plus you might be able to get less interest

 

Great idea!!

I just bought a used 05' Coupe with the Sport Package with 22,000 miles on it last week and I gave $12,250 for it. But of course that is wholesale since I am a new car dealership. Doesn't make it right but....