JaredJongeling
New member
Got a Pontiac Grand AM GT from '03 right now, absolutely love it, but I live in South Dakota so in the winter my vehicle is nearly useless. Last summer my dad suggested that I buy an Olds Bravada that was sitting at his friend's dealership for $800, said there might be a few issues but nothing big. I took the plunge and bought the Olds so I had two vehicles, one for the winter and one for the summer. Lasted until just last month when something happened (we're going to find out what here pretty soon) and now I'm back down to my Pontiac Grand Am.
I'm kinda bellyside on it, I owe $5400 and it's worth $5500. I bought it back when the Grand Am was still worth about what the G6 is worth now, I only got a year and change left to pay on it. Low miles yet, could still sell it privately for $6k without feeling bad, and get out from under my voracious 13% APR car loan.
I've always wanted to buy a Hyundai Sonata, in fact it's what I originally went into the dealership to get when I bought the Grand Am because it was a fancy, sporty car with all the options and was a good deal (at the time, it has depreciated significantly since Pontiac went belly up in '09). So I figure, if I can get my Bravada fixed up right, sell it for less than book ($2,500 is the current value) and then get rid of my Grand Am GT for $6k or so, then I will be free to take another loan on say, a Hyundai Santa Fe which I have heard has great reviews.
This way I won't end up having to move my vehicles in the winter (constant musical chairs with my two vehicles as I only have one parking space and the street dept tickets you if it snows and they need to do work) and I can have one solid reliable vehicle that does it all. Plus the gas MPG is roughly the same as my Grand Am GT (a little better, even). I don't see the value of the GT going anywhere soon but down.
It's a win-win, am I correct?
I'm kinda bellyside on it, I owe $5400 and it's worth $5500. I bought it back when the Grand Am was still worth about what the G6 is worth now, I only got a year and change left to pay on it. Low miles yet, could still sell it privately for $6k without feeling bad, and get out from under my voracious 13% APR car loan.
I've always wanted to buy a Hyundai Sonata, in fact it's what I originally went into the dealership to get when I bought the Grand Am because it was a fancy, sporty car with all the options and was a good deal (at the time, it has depreciated significantly since Pontiac went belly up in '09). So I figure, if I can get my Bravada fixed up right, sell it for less than book ($2,500 is the current value) and then get rid of my Grand Am GT for $6k or so, then I will be free to take another loan on say, a Hyundai Santa Fe which I have heard has great reviews.
This way I won't end up having to move my vehicles in the winter (constant musical chairs with my two vehicles as I only have one parking space and the street dept tickets you if it snows and they need to do work) and I can have one solid reliable vehicle that does it all. Plus the gas MPG is roughly the same as my Grand Am GT (a little better, even). I don't see the value of the GT going anywhere soon but down.
It's a win-win, am I correct?