letting it go... - Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum
Ford Focus Forum
HomeContact UsAbout UsGalleryDiscussion ForumsMarketplace


Go Back   Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum > Ford Focus Discussions > General Car Chat Lounge

General Car Chat Lounge Discussion Forum relating to nonspecific Ford Focus models, car purchasing, auto industry news and any car talk.

Search This Forum | Image Search | Advanced Search    
FocusFest FocusFanatics Merchandise

Reply




 
LinkBack Thread Tools Display Modes
Old 09-18-2006, 03:45 PM   #1
Focus Addict
 
Join Date: Oct 2003
Fan#: 1250
Location: Sherman Oaks, CA
What I Drive: 09 MS3

Posts: 1,108
FF Reputation: 1 remusrm Good Standing Member
Buy-Sell-Trade Rating: (0)
letting it go...

i had a few problems and franky i just got tired of the car... can i give it back to the bank? i know i will have a dent in my credit, but is ok, since if you put down something all is ok. what should i do... I do not want to put 10k for the upside down on my car... is just proposturous...


remusrm is offline  
    Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Old 09-18-2006, 04:02 PM   #2
S2
Retired Fanatic
 
S2's Avatar
 
Join Date: Mar 2004
Fan#: 4939
Location: Canada, Canada
What I Drive: Camaro 2SS/RS

Posts: 20,000
Points 181,499, Level 100
Points: 181,499, Level: 100 Points: 181,499, Level: 100 Points: 181,499, Level: 100
Level Up 0% Completed
Level up: 0% Level up: 0% Level up: 0%
Forum Activity 0%
Activity: 0% Activity: 0% Activity: 0%
FF Reputation: 67 S2 Excellent Standing Member
Buy-Sell-Trade Rating: (20)
Your tired of an 2006 model already? It's still 2006???

You'll be taking a hell of a loss if you turn it into the bank. All depends on what loan you choose, interest rates, payoff penalties, other penalties, how much down, buy? lease? etc.

Give more details.

Either way, you are going to lose but sounds like you don't want the car anyway and are willing to let it go.
__________________
Chad (S2)
S2 is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 04:06 PM   #3
Focus Fanatic
 
StealthGray's Avatar
 
Join Date: Feb 2005
Fan#: 19017
Location: pleasant valley, NY
What I Drive: '04 Liquid Gray ZX3

Posts: 2,803
FF Reputation: 12 StealthGray Great Standing Member
Buy-Sell-Trade Rating: (6)
You'd be much better off selling it, even if it was just to get someone to take over the payments, just giving it to the bank you can flush your credit goodbye!

What were the problems? Bad enough for the lemon laws? That's the other option that won't kill you as much as handing the keys to the bank...
__________________
You know what a learning experience is? A learning experience is one of those things that says, 'You know that thing you just did? Don't do that.' - Douglas Adams
StealthGray is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 04:09 PM   #4
GO Green
 
DrkKnight614's Avatar
 
Join Date: Oct 2004
Fan#: 14522
Location: Long Island, NY, United States
What I Drive: 2003 2.0L Grabber Green Zx3

Posts: 11,148
Points 26,907, Level 97
Points: 26,907, Level: 97 Points: 26,907, Level: 97 Points: 26,907, Level: 97
Level Up 56% Completed
Level up: 56% Level up: 56% Level up: 56%
Forum Activity 2%
Activity: 2% Activity: 2% Activity: 2%
FF Reputation: 47 DrkKnight614 Great Standing Member
Buy-Sell-Trade Rating: (0)
i wouldnt just sell it back to bank, your better of trading in the car, then at least i dont think your credit will go down the tubes.
__________________
My 2003 Ford Focus ZX3 - Finally realized it's a 4cyl
DrkKnight614 is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 04:21 PM   #5
Captain TMI
 
whynotthinkwhynot's Avatar
 
Join Date: Jan 2005
Fan#: 18416
Location: the armpit of TN, Memphis, TN
What I Drive: 05 Focus Wagon; 13 C-Max SEL

Posts: 20,441
Points 29,445, Level 99
Points: 29,445, Level: 99 Points: 29,445, Level: 99 Points: 29,445, Level: 99
Level Up 67% Completed
Level up: 67% Level up: 67% Level up: 67%
Forum Activity 20%
Activity: 20% Activity: 20% Activity: 20%
FF Reputation: 271 whynotthinkwhynot Outstanding Standing Member whynotthinkwhynot Outstanding Standing Member whynotthinkwhynot Outstanding Standing Member
Buy-Sell-Trade Rating: (1)
Wait until either January or late December, and trade it in on something else. Around that time dealers are having all sorts of "push, pull, or drag" and "we'll tote your note" sales. That will be the best way to keep from hurting yourself financially, and it gives you plenty of time to thoroughly check out what you might be interested in purchasing this time.

I was ready to get rid of mine in the first few months I drove it because of the fuel economy, but I knew it would be a financial mistake I would live to regret in time. The fuel economy has improved a lot, and I don't regret keeping the car.
__________________
Be eclectic.
---The Complete How-To Archive--

Moderating everything now, let me know if I can help.

Quote:
Originally Posted by the user formerly known as ZX3_Chick View Post
You're special aren't you.
whynotthinkwhynot is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 04:27 PM   #6
Focus Enthusiast
 
awnuts's Avatar
 
Join Date: Sep 2004
Fan#: 12680
Location: ABQ NM, United States
What I Drive: 2001 Red ZX3 with Zetec

Posts: 274
FF Reputation: 6 awnuts Good Standing Member
Buy-Sell-Trade Rating: (1)
Your credit gets whacked it works as if it was a repo. Then the bank or lender hits you with a restoration fee to get the car back to looking new.Your going to lose on this in more ways then one.Your best bet is sell to an individual to get the debt paid but you already lost in that area too.You will be forced to sell at book value plus a little more but you already lost 20% in depreciation the minute you drove it off the lot. I did this to a Fiero in 82 I had the car two years and 3 clutches and two transmissions later I got fed up. i called GM and told them to come get the piece of crap. They did and it hit my record and cost me 400 in restore fees. Cars in general are a bad investment. I'd say hope you can sell and break even most likely you will sell and owe a bit more. My second thought is refinance at a lower rate the lower payments might make you feel better about keeping the car. In any case good luck to you.
__________________
Magnaflow cat back, EBC sport rotors with red pads,Focus sport stress bar,Yokohama EVS tires,volant cai,screamin demon coil and wires. Red powder coated calipers,Focal 5 spoke tuner wheels deep chrome edge.
awnuts is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 04:35 PM   #7
GO Green
 
DrkKnight614's Avatar
 
Join Date: Oct 2004
Fan#: 14522
Location: Long Island, NY, United States
What I Drive: 2003 2.0L Grabber Green Zx3

Posts: 11,148
Points 26,907, Level 97
Points: 26,907, Level: 97 Points: 26,907, Level: 97 Points: 26,907, Level: 97
Level Up 56% Completed
Level up: 56% Level up: 56% Level up: 56%
Forum Activity 2%
Activity: 2% Activity: 2% Activity: 2%
FF Reputation: 47 DrkKnight614 Great Standing Member
Buy-Sell-Trade Rating: (0)
yup cars are a bad investment, unless its an old classic that you can restore and sell for way more money....like an orginal hemi cuda which if mint goes for a crap load of money, i think some sell for like a million dollars no joke lol. But sadly i hear alot of people who say they love cars that they are going to get a cheap apartment and buy a really nice car.....which imo is pretty stupid. Buy a decent car, a really nice house and then when you settle down or retire buy a really nice car, bc realestate is one of the best invesments out there.
__________________
My 2003 Ford Focus ZX3 - Finally realized it's a 4cyl
DrkKnight614 is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 05:48 PM   #8
Focus Addict
 
Join Date: Oct 2003
Fan#: 1250
Location: Sherman Oaks, CA
What I Drive: 09 MS3

Posts: 1,108
FF Reputation: 1 remusrm Good Standing Member
Buy-Sell-Trade Rating: (0)
well, i had the accident, not sure if it will look ok... i just have a fobia of driving a crashed car. will see. i like the car, i think i should mod it, but the brake system gets too me... again it needs new brakes after 2 months of getting changed. is really starts to get me... will see... also 475/month is kinda high since i was upside down on my old other car, the 05 vibe.
__________________
MY FOCUS WAS A POS!!!

BUT NOW I GOT A MS3!!!
294hp/356tq he he:-)
remusrm is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 06:10 PM   #9
my car breaks!
 
jaimz's Avatar
 
Join Date: May 2005
Fan#: 23734
Location: cincinnati, ohio
What I Drive: 02 silver ZX3

Posts: 2,103
Points 2,651, Level 31
Points: 2,651, Level: 31 Points: 2,651, Level: 31 Points: 2,651, Level: 31
Level Up 34% Completed
Level up: 34% Level up: 34% Level up: 34%
Forum Activity 0%
Activity: 0% Activity: 0% Activity: 0%
FF Reputation: 9 jaimz Good Standing Member
Buy-Sell-Trade Rating: (8)
you'd be better off "accidently" totalling the car and getting insurance to pay it off!
__________________
jaimz is offline  
    Reply With Quote Quick reply to this message
Old 09-18-2006, 09:36 PM   #10
Focus Addict
 
Join Date: Sep 2005
Fan#: 27929
Location: Las vegas
What I Drive: Black Mica Mazdaspeed3

Posts: 548
FF Reputation: 1 Tacos Good Standing Member
Buy-Sell-Trade Rating: (0)
Quote:
Originally posted by jaimz22
you'd be better off "accidently" totalling the car and getting insurance to pay it off!
only if you have gap insurance
Tacos is offline  
    Reply With Quote Quick reply to this message
Reply

Bookmarks & Social Networks

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
What I Drive
Year, color, and model of your car. Example: 2003 Pitch Black ZX3
Name
Your real name.
City
State
Country
Insurance
Please select your insurance company (Optional)

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 05:09 AM.


Copyright 2002-2015 FocusFanatics.com. All Rights Reserved : Privacy Policy : Advertise Information

Focus Fanatics Ford Focus Forum offers many fun ways for you to engage with other Ford Focus Owners from across the world. Whether it be about the aftermarket performance modifications, technical how-to's, European tuned suspension or awesome fuel economy similar to the Mazda CX-3, Audi S3, Mazda MX-5 Miata and Acura TLX. You can find all Ford Focus, Focus ST and Focus RS related information here. Join our Ford Focus discussion forums and chat with local Focus enthusiasts in your area. If you own other makes have a look at Challenger Hellcat Forum, Charger Hellcat Forum, Cadillac ATS-V Forum, Cadillac ATS Forum, Cadillac CTS-V Forum, Lexus RC-F Forum, Lexus GS-F Forum, Mercedes GLA Forum, Mercedes GLE Forum, Civic Type-R Forum and Volvo XC90 Forum.





Search Engine Optimization by vBSEO 3.6.1