I guess this is really going to depend on you. If you want to try to live the life without means and be a mac daddy then you'll get the new car.

If you are finantially responsible (and this would be my choice) you'll keep what you have and just pay it off early. Save the money that you would put on the new payments and put it in CD's or Bonds and you'll be able to pay for your new car in cash the next time around. You'll save about $5000 this way.

Personally this is my 4th favorite car to drive butreally isthe best one overall. My preferances were my Fiero's (great fun, reliable, and great on gas), 78 Camaro RS (modded to 163 mph!!), 87 Camaro Z28 (just a blast to drive and chick magnet)

I plan to keep this car though for the next 20 years. I truly love it overall. Now lets say maintainance costs me $6000 in that time in bad alternators, valves, etc my total payment with interest will be $27,000.

Lets say I otherwise buy 1 car every 5 years (I normally keep them for less than 2 historically) and spend $20,000 each. We will also assume (kind of a joke) that cars will not go up in price in 20 years (once again historically they have gone up about2.5 times... a 5000 car now costs about 12,500)

20,000 x 6% loan interest = 23,200. X 4 cars = 92,800 in cars. Now subtract my $27,000 = $65,200 more money in my pocket.

Actually when you consider what the car costs are going to be you will save over $100,000 and if you took that payment and put it in conservative CD's at 5% you would have approximately $160,000. If it went into the stock market at 10% you would have about $230,000 in your pocket.

So running off of the loss you will take by trading in cars every 5 years: 230,000 - 27,000 (my car cost) = $203,000 richer.

So is the new car every 5 years worth $203,000?

 

if they give you a 3 year wazrrenty and then pay off the o1 i would do it for the simpel fact that the 01 has more miles on it even the proven 3800 will get weak and also start to nickel and dime you to death at a certin point.

Also you say your running to Oregon. wiht the mountians and such that you are drivieng over the 3.9 would be a better chioce for econommy due to the fact it will runn better up and down threw them.

Also . If this newer car is more likeabel for you then gofor it.
If not then stick with what ya have and throw the extra 80.00 a month in to a fund to biuy a new camaro when they come out in 3010

 

Ohh, that $6000 is parts from the aftermarket and not OEM. This also isn't that far from off. My old Fiero's had strict records and over 200,000 miles on them. They had less than a grand each in parts over the course of 14 years on each.

 

well tomarrow when I get off work Im going down to the dealer to see what I can do. Ill make a post as soon as I get home with the results.

 

DO NOT DO !!! I had an 03 ss loaded and I traded it for an 06 LT with the 3.5.... nothing but problems.... I WANT MY 03 BACK !!!!

 

let us know what happens

 

If you're keeping the 06 to payoff why not do that with current car if its reliable? It's going to come down to whether you want a payment $80 higher and for 5 or more years.