[Nathan]

I currently have a 2012 eco mt with 74000 km. I have 0 complaints about it other than someone dinged my drivers side mirror and another person opened their door into my fender.

I would be trading it in for a 2012 lt rs mt with 29000km. The battery has been replaced on it already.

It would increase my payments by 60 bucks a month.

Anybody see anything wrong with this trade? (Obviously without seeing it its tough to comment indepth)

 

[Tomko]

Mistake in my view.

Why take a known quantity and change for an unknown one and pay more?

If you're willing to pay more than buy new and get a warranty that will protect you and your investment.

 

[neile300c]

what's the purpose of trading for the same car, but with different options. $60 more per month wouldn't be worth it to me, heck even if it was a 2015 with 20k less miles, it wouldn't be worth it to me, but everyone has their preferences.

 

[jmlo96]

Me personally, why did someone trade the LT in already? Does it have issues that the person just decided to dump the car? I would say keep your Eco. If there is nothing wrong with your car, why inherit someone else's problem? Just save the 60 dollars a month as a backup fund in case you would have to fix your car, buy tires, etc. That's what I would do.

 

[ChevyGuy]

$720/year for 45,000 km fewer miles (but known history) and two fewer dings? Not worth it. I'm pretty sure you can get your mirror fixed for less then that.

 

[IndyDiesel]

I probably won't do that deal, but honestly you didn't provide enough information. How many payments do you have left on Eco? How many would you have at $60 more for same year car. Yikes that's a horrible deal.

just spend $500 and make the modest repairs to your ECO

 

[Nathan]

Me personally, why did someone trade the LT in already? Does it have issues that the person just decided to dump the car? I would say keep your Eco. If there is nothing wrong with your car, why inherit someone else's problem? Just save the 60 dollars a month as a backup fund in case you would have to fix your car, buy tires, etc. That's what I would do.

It was bought from gm off lease. Driven by an elderly gentleman

 

[Nathan]

I probably won't do that deal, but honestly you didn't provide enough information. How many payments do you have left on Eco? How many would you have at $60 more for same year car. Yikes that's a horrible deal.

just spend $500 and make the modest repairs to your ECO

I have 5 years of payments left

 

[IndyDiesel]

I have 5 years of payments left

That may mean you owe more than your Eco is currently worth?

 

[Tomko]

It was bought from gm off lease. Driven by an elderly gentleman

I hope you got to meet him. As in it was a deal within your social circle.

Otherwise it could be a sales strategy on the behalf of an unscrupulous or starving salesman.

 

[Nathan]

That may mean you owe more than you Eco is currently worth?

Yes sir, I'm upside down. I didn't make a great decision in purchasing it from that dealer. I also put a lot of kms on which doesnt help.

 

[Tomko]

Yes sir, I'm upside down. I didn't make a great decision in purchasing it from that dealer. I also put a lot of kms on which doesnt help.

It takes two to tango - so it wasn't all your fault. Sounds like the salesman asked you: "How much can you afford to pay?" and you answered him.

Next time you'll know not to answer that question or its many permutations.

 

[Nathan]

I hope you got to meet him. As in it was a deal within your social circle. Otherwise it could be a sales strategy on the behalf of an unscrupulous or starving salesman.

I did not get to meet him but the salesman is one of my good buddies.

 

[IndyDiesel]

Normally if I spend more, I want more warranty to protect myself from large repair costs. The proposed car has almost no miles which is positive but out of warranty soon and still a lot of payments. Do you know the in service date of both cars? Some of the LT manual transmission cars sat on the lot for a long time, even though the same model year you may be getting more warranty.

 

[Nathan]

Definitely a learning experience that's for sure.

 

[Tomko]

Definitely a learning experience that's for sure.

That's how we learn. By making mistakes.

 

[obermd]

Keep the ECO and add the $60 to your current car payment. The fact that you're driving a lot of kilometers on the ECO will translate into higher fuel costs as well with the LT. The ECO is easily capable of up to 5 MPG better fuel economy than the LT.

 

[Nathan]

Normally if I spend more, I want more warranty to protect myself from large repair costs. The proposed car has almost no miles which is positive but out of warranty soon and still a lot of payments. Do you know the in service date of both cars? Some of the LT manual transmission cars sat on the lot for a long time, even though the same model year you may be getting more warranty.

I do not know that. How can I find out?

 

[IndyDiesel]

I do not know that. How can I find out?

ask the salesperson or go to the service department with the vin. Just as a learning lesson, all warranty for any used car you buy is based upon the original in service date, or when it was sold new to first owner. You always want to know those dates, that car bumper to bumper is done. 3/36k. Sorry I don't know that in kilometer. 5 years 100k miles on drive train. Would also show up on a car fax for each car

 

[Nathan]

ask the salesperson or go to the service department with the vin. Just as a learning lesson, all warranty for any used car you buy is based upon the original in service date, or when it was sold new to first owner. You always want to know those dates, that car bumper to bumper is done. 3/36k. Sorry I don't know that in kilometer. 5 years 100k miles on drive train. Would also show up on a car fax for each car

Will do, thanks for the advice.