Need Advice- May sell TL....

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Old Jun 5, 2002 | 01:19 PM
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rfrys's Avatar
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Question Need Advice- May sell TL....

I bought my '99 TL last July for $21,500. It had 41K on it at the time, and I still feel like I got a good deal. Anyway, I have only put 10K miles on it since then.

I am about to take an outside sales job which will require me to be on the road in my territory 4 days a week. I could possibly put as much as 20k a year on this car. I currently owe $17,000.

Sooo, if I keep this car for another year, I may be at 71K miles next July, and I have no idea what the car will be worth at that time. My main concern is that I don't want to be upside down on my loan after the car get's up there in miles. What would you guys do? Would you sell it now? I figure I can still get $19-20K in my area. After a good detail, the car will be in excellent shape (aside from about 16 interior rattles).

I truly love this car, but it may be a bad money move to pound it with miles in the next 2 years. (Plus, Baltimore roads are crap.)
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Old Jun 5, 2002 | 03:28 PM
  #2  
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From: Carlisle, PA
...but think of the luxurious and comfy ride
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Old Jun 5, 2002 | 07:47 PM
  #3  
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Burning Brakes
 
Joined: Jan 2001
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From: Columbus
Re: Need Advice- May sell TL....

Originally posted by rfrys
I bought my '99 TL last July for $21,500. It had 41K on it at the time, and I still feel like I got a good deal. Anyway, I have only put 10K miles on it since then.

I am about to take an outside sales job which will require me to be on the road in my territory 4 days a week. I could possibly put as much as 20k a year on this car. I currently owe $17,000.

Sooo, if I keep this car for another year, I may be at 71K miles next July, and I have no idea what the car will be worth at that time. My main concern is that I don't want to be upside down on my loan after the car get's up there in miles. What would you guys do? Would you sell it now? I figure I can still get $19-20K in my area. After a good detail, the car will be in excellent shape (aside from about 16 interior rattles).

I truly love this car, but it may be a bad money move to pound it with miles in the next 2 years. (Plus, Baltimore roads are crap.)

I competletely understand your situation. I to have a 99 tl. I bought mine for 22,500 with 19,000 miles on it. I refinanced it about 8 months ago at 23,500. I am now trying to sell mine for 20,200 because I have a feeling if something else blows up in the usa (god forbid) No one is going to be buying anything for quite awhile. I love my tl but want a type s . I plan on keeping that for a few years. I wish you luck on selling your tl . I have had mine on autotrader for 2 weeks and have no calls on it.
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