[davidelectricred]

Hey guys,

Let me start off by saying, please keep your personal opinions about my financial state to yourself. If bashing people or putting yourself on a higher financial platform helps you sleep at night fantastic.

I am 21, work 3 jobs and a full-time student. I am about to trade my '15 Honda accord in for a Loaner '15 BMW X1. The X1 is equipped with the premium and xline package with 8k miles on it. Car is listed for 31,991 but I got them to take another 1k off. so 30,983. Also got them to come up on my trade from 16k to 19k. I shopped my trade at about 3 different dealers.

I am upside down on my accord because I didn't put cash down and I had a 11% interest rate.

I am going to do an owners choice, because I don't want to put cash down and don't want to roll the negative equity into the BMW's negative equity. I want to do the OC for 3 years and turn the vehicle in and start fresh with at least 5k of a down payment. Also the plus is driving a niiiiicccceee BMW.

SO my question is am I getting a good deal?
30,983 @ 36 mos. @ 36k miles.
-4000 Negative equity
Residual value of 21,000.
537 a month.

Thanks everyone!