Sniff Sniff, miss my E320
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Joined: May 2004
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From: Albuquerque, NM
09' E350, 01' Maxima SE, 93 Nissan Maxima SE, 1987 Nissan Maxima SE
Sniff Sniff, miss my E320
a month ago, my car got repo, sadly, due to economic climate, so some part of me is a relief but same token I really wish it didn't happen. Only thing I was totally pissed off was the fact that when they auctioned off, they only got only half of what I owed and oddly, that my car is worth the wholesale value on what i am right where I owe, and I was pissed. Then I realized cuz of the economy that no one is going to pay what's the wholesale goes for since no one is buying cars
. IT sucks doesn't it
. IT sucks doesn't it
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Joined: Dec 2005
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From: Irvine, CA
2008 E550, 2012 GL450, 2014 GLK350, 2015 S550, 2020 GLC350e
Well, at least you enjoyed it while you could .. don't worry, if you've hit bottom, you can only go up from here. I've been there, it sucked, and I'm determined to never let it happen again.
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From: Los Angeles
2009 SL550 Roadster Diamond White, 2008 CLK550 Coupe Obsidian Black
I was just talking to my father about this repo show they have on tv. I think it's wrong to have a show such as that were it shows people who can't make their payments and their cars are being repoed and being shown on national television all for ratings and entertainment.
Last edited by gaazmon; Oct 6, 2009 at 03:26 AM.
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I always buy cars with cash, so I won't find myself in this situation 
but that sucks man. You probably could have gotten an extra 1-2,000 if you sold it yourself. Well hopefully things turnaround for you..good luck
but that sucks man. You probably could have gotten an extra 1-2,000 if you sold it yourself. Well hopefully things turnaround for you..good luck
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Out Of Control!!
Joined: Jun 2008
Posts: 10,557
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From: Earth
Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
I decided to Finance my M-B just because I figured why the hell not. Just recently I decided to just pay it off as I don't see the point of paying interest when I have the cash to buy it in the Bank. Some people told me it's not a good idea as "cash is king in this Economy" and it's best to let the money sit in the Bank, and make the smaller payments. I figured, in this Economy we don't know what will happen, so while the goings good, lock in all your assets, to ensure that if it ever gets bad, you still have those to do what you want with them.
To O/P, that sucks though, I feel for ya.
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From: Los Angeles
2009 SL550 Roadster Diamond White, 2008 CLK550 Coupe Obsidian Black
It's always a numbers game depending on whether you lease or buy, finance or pay cash, etc. I think it always depends on the situation.
