Thread: Upside down car
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Old 04-25-2010, 07:23 PM   #1 (permalink)
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Upside down car



but no, seriously, I have a question about being upside down on a car.

I've got an 05 prius that I'm hopelessly upside down on and am concerned b/c of all the bad press that I may have a hard time selling it anyway. I bought it with 90k miles on it and now it has 150k miles. I'm trying to get rid of debt and all that but oweing a bunch more money on a car (around $3-4k) doesn't really help further that agenda.

so the way I see it, I can either hang on to the thing until it dies/hybrid battery dies/etc and I still will probably owe money on it at that point (the internet points to a 180k mile life span on the battery), or sell it at a loss (actually this isn't really an option at this point due to not having the cash) or try and attempt some sort of wheelie-dealie trade in and end up in a similar situation on a different, at least younger, car. Or of course I could keep it for awhile and just try to pay the thing down and see if I can sell in a year or so.

So, ye of TFP, how do y'all think I should proceed here? Is there another option I'm not thinking of?
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