trading in financed cars
trading in financed cars
Have any of you traded in your car that purchased/financed (not leased)?
How easy is it to trade it in back to the the dealer?
Reason im asking is that i recently purchased an 04 (auto) last month, but IF i did trade it for an 04 manual, how much money would i loose if im financing it? I know it would depend on the dealership, but on average?
If its a good chunk of money, ill just keep the auto; Cause chances are i probally wont have enough money to put into it anyways.
How easy is it to trade it in back to the the dealer?
Reason im asking is that i recently purchased an 04 (auto) last month, but IF i did trade it for an 04 manual, how much money would i loose if im financing it? I know it would depend on the dealership, but on average?
If its a good chunk of money, ill just keep the auto; Cause chances are i probally wont have enough money to put into it anyways.
depends
yeah, it really depends on how much you paid over sticker, if any. also, how many miles you've put on it, and how much you've paid on it. also the difference in the prices of the two vehicles. mostly though, it will depend on the difference between what you owe, and what it's worth. this is called how much you are upside down on a vehicle. if you owe 14 grand and it is worth twelve, you'll be upside down 2 grand and they will have to refinance you for the cost of the new car plus whatever you are upside down. hope this helps.
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Now you have "Used" car , Dealer will rip you off for trading in unless you get kickass deal with lower interest and cheaper price for new car. You bascially re financing price of new car + differences between your used 04 and new 04 manual. I wouldnt trade in now. You just bought new car last month..Just keep it for while. Try to sell privately. That way you wont lose alot of money. Why did buy auto anyways if you want manual now.. I traded in my 02 ex for 03 si. Lower interest. I was paying about 7% for ex and now i pay 0.9%..Thats why i couldtrade in because of alot lower intererst for new car.
Last edited by civicvtec1ps; Nov 30, 2003 at 10:23 PM.
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mattskav
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