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      01-14-2014, 09:25 AM   #1
hatepotholez
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Drives: M3
Join Date: Mar 2011
Location: NYC, NY

iTrader: (1)

consolidate to 1 car note

Hi everyone, I wanted to get your guys advise on my car's "financial's". We purchased my wife's '08 128i in January of last year after someone T boned her Integra. I felt it was not worth fixing and it was not safe for her to commute 50 miles each day in that car. There was also multiple issues due to neglect but whatever. So now I have the '13 135i and she has the 128i. Her car literally just sits as she now works in the city and I drop her off to the train station near my job. I want to sell her car and maybe get a cheap awd(fwd) car for emergencies or if she needs to go out and my car isn't available.

Now her car is worth a few thousand below the loan, I haven't posted it for sale. But I have did some quick online evaluations on the tools.

so here are my options:

-Sell it for whatever I can and pay whatever I owe to the bank(could be a few thousand).
-trade it in for a much lower awd(or fwd) priced car and add the negative value to the loan and pay it off in a year.
-transfer my 135i lease to someone else(I would really really hate to do this as I spec'd the car to my likings) and might possibly buy it out.


Any advise would be GREATLY appreciated!

Thanks!
Appreciate 0