I had a superwhite tC, and totaled it. I now have an 06 Eclipse GS - i am not very happy with the eclipse and it is a high car payment. and insane insane insurance. I was very happy with my tc, it was the auto. I am considering a 5spd Superwhite XB2-- with either the 19'' TRD rims, or a combo of remote start & spoiler. I want to keep the end price kinda low so its kinda one or the other with those. But from new owners.. id love any positive/negative input... So far im in love with the new XB.. and it has my old tC engine in it now.. so hmm.. thanks..

 

Let me start off by saying that if you don't like the high payment, don't even think about financing another car.

You are no doubt so far upside down in the Eclipse, it would make the payment of the xB2 way too high for you. And if you are looking at all those options also, you'll be broke.

 

Hate to say but this is probably right. You just wont get nearly as much as you owe currently for the eclipse. So instead of a $19,000 xB you will be buying a $25,000 xB. With interest you might be into a $450 a month payment depending on length of financing and interest rate.

On the plus side, there's a Lamborghini forum I frequent and those guys are happy to get a $2200.00 a month payment , so you're ahead of them

 

lol my payment on the eclipse is 440 as it is, and the value of it has dropped horribly.. im considering, trading its upsidedown ___ in on friday for an xb2 but leasing it.. and possibly buyin it after 4 years... if i keep the eclipse another year it wont be worth a dime next year.. and i'd still owe 12000 on it a year from now..

 

oh yea its 440 a month for the eclipse and 330 a month for its insurance.. ; ;

 

Kilo... no... seriously... the xB is NOT for you. Everyone is right for the xB EXCEPT owners of Eclipse's. Sorry! And no style points for having once owned a Scion either.

DUDE... if you gotta ask here, I just can't help you... drive it; love it; own it!

 

You can't absorb that much negative equity into a lease.

Your best bet at this point is to try and make higher monthly payments, or, as you've already done before, total it.

The insurance hike would turn out cheaper per month than the payment of the xB. I don't encourage this though.


Just to put things into reality. I had a 2000 Celica that I traded for a 2005 Civic Sedan. I was upside down in the Celica $4000. The added $4k increased my monthly payment by over $120.

 

Rule of thumb is $20 for every 1k you're financing.
Sounds to me like you have to wait it out. But that insurance premium would make me want to bail out as well!

 

That is one ugly insurance payment. Is that because of the Eclipse or does it have something to do with totaling the tC?

As others have said though, you won't save any money trading a new car for another new car. Not with that much negative equity.

 

If I were in your shoes I'd actually consider getting a slow, cheap, used 4 door car for 3 years. That would lower the payments and let your insurance record get cleaned up a LOT. Then go for something new again.
You're 21, had a tC, a totaled vehicle and now an Eclipse (considered a sports car by incurance companies). Bad juju.

 

sorry we cant help you out.....
on the other hand its a great car. no major complaints

 

Hey I'm upsidedown on an 06 BSP and 06 RS4.0 so I'm making $500/month payments on my 08 xB.

 

well.. the insurance situation is because of the eclipse.. thats the problem.. my totalling of the tc was "Hit and run" so my raise in premiums was small. My insurance will be cut in half with the Xb2.. So thats where i have to balance the raise in car payment plus the lower insurance. I hate the Eclipse so if i can balance the scale.. id wrather pay for an Xb for the next 4-6 years vs. the eclipse.. that has already droped to half its value.

and the xb gets alot better mpg than my eclipse.

and for the previous.. i didnt make a post to get bashed.. i made a post to ask people who actually have the car and or the features i was intersted in how they liked it so far.

ty

 

why did you buy it if you hate it? did you research it at all? or test drive it? or just buy it on a whim like an idiot?

 

I have the same question, minus the idiot remark

 

Well if the insurance would be cut in half your expenses would probably be unchanged, with the negative equity taking up where the wild insurance payment leaves off. Improved mileage may help save you a few bucks on gas.

What I'd make sure of before any drastic moves is whether or not you would like the xB enough to deal with it for several years. Odds are if you're able to pull off this trade, you'll be likely stuck till you whittle down a large part of your debt.

 

yes, indeed im looking at an xb for 4 years.. then i decide to buy it or move on. This dead will include a service plan to cover everything on the car in the lease. so i wont spend any money on maint. either. Or so this has been explained to me.

 

Get the xB you want first, then do a voluntary reposession at the Mitsubishi dealer on the eclipse. it messes up your credit slightly, but you will have the new xB already and by the Time you have to go get another car, your credit will be back to normal.

or you can find a guy in the mafia to make your car disappear. or leave it unlocked in a really bad neighborhood and hope it gets stolen.

 

This is really poor advice, especially when you're giving it to a 21yr old.

http://www.moneymanagement.org/Educa...possession.asp

From that article, it would appear that even after giving the vehicle back he could be in for more hassle from the bank. In fact, if there is anyone else but him listed on the loan (co-signer maybe?), they could have issues as well.

Is this something you'd do with your own credit xhrhx15x? It's certainly not something I'd consider for myself.

You do realize that insurance companies are starting to use your credit report as a way to rate your potential risk, don't you?

As for his credit being back to normal when he's ready for a new vehicle, xhrhx15x, he's 21 and looking at his 3rd brand new car. No negative credit activity will disappear before he's 28 at best. If he did something *really* stupid and declared bankruptcy (which has actually gotten more difficult now) his credit would be screwed for a minimum of 10 years.

All this for a vehicle when you already have one that works fine? This isn't a decision being made out of necessity, but out of desire. It'd be wiser to advise him to get a used beater to cruise around in for a couple years after selling the Eclipse.

If your advice was strictly humorous, then please ignore this. If it was serious, then it was bad advice.

 

The world would be a much better place if everyone learned this principal. A car is temporary, your credit is far more important. I assume that somewhere down the line you would like to buy a house and do all the other things that most people do.

I might suggest that you spend more time on research next time you buy a car.