Should I pay off my 09 Yaris? - Toyota Nation Forum : Toyota Car and Truck Forums


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Old 07-08-2010, 03:19 PM   #1 (permalink)
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Should I pay off my 09 Yaris?

Hi there, I bought a new Yaris 09 in April/09. 3 Door hatchback.

I love the car but I got into a car accident 4 months ago where the other car slammed me at 30 miles/ hour at the passenger rear right side and destroyed my rear passenger wheel.
The side airbag came out and the total damage were estimated at 5 K.
I paid my deductible and got my car fixed but from that day, I feel that somehow my car will never be the same again..Even though it works fine..I keep thinking that the mechanics did not do a thorough job, sometimes I'm not even sure they put new airbags back into the side windows..U get my drift, I 'm not too sure if this car is worth paying off anymore.

It has about 17 K mileage in it, I've recently done the intermediate maintenance at the dealer too and everything was fine.

I took a 5 years contract at 309$ a month, I'm just wondering if it would be better to try to trade this car for another one at the dealer, or I should pay it off.

All I know is , next time, I won't ever buy a brand new car..it does feel like a waste of money.

Thanks for any suggestion.
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Old 07-08-2010, 03:53 PM   #2 (permalink)
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Maybe take the car to someone you trust to have the safety questions answered? When you're not comfortable with a car's safety, it might be time to move on.

With all that said, make sure you finances are in order. When you take that car in to get traded, you'll be taking a larger hit (pun not intended) on the re-sale value than if the car had not been in a collision. You might not be able to fit the expenses into your budget in for a similar car. If you go to a dealer, they are going to "buy" the car from you, and on paper they will put the difference left on the current onto your next loan. Then they'll make it sound like a good idea, but you shouldn't owe more than what any car is worth.

You're not going to come out anywhere near even on this so consider your options well.
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Old 07-09-2010, 03:17 AM   #3 (permalink)
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Trading the car at this stage of the game will have you eating that $5k depreciation.Worth it??Not in my books but then i'm cheap i wouldnt have got myself into something i couldnt afford in the first place.
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Old 07-12-2010, 02:56 PM   #4 (permalink)
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WAIT
you were hit and you have to pay your deductible
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