I bought this Yukon almost 2 yrs ago and the payments are too high! Now I can't really afford to pay it, I want to get rid of it somehow. Wich is the best way to do it? Can I trade it for another car?
2006-07-06 11:47:32 · 9 answers · asked by Jess 1 in Cars & Transportation ➔ Buying & Selling
It depends. If the truck is still in good condition and the balance you owe is somewhat near the book value of the truck, and if your credit is OK then a dealer would be willing to make a trade for something else. However most dealers will want to put you into something newer and out of their inventory so you may not have the best choices if you elect to go this route. The other thing is to either sell the truck your self (you get a lot more money), or find someone with good credit that will take over the loan.
2006-07-06 11:56:14 · answer #1 · answered by yes_its_me 7 · 0⤊ 1⤋
It's a wonder you can pay for the gas. Toyotas hold their value well, so you might be able to sell it on commission through a dealer or sell it yourself through an add. If you have taken good care of the truck you should not have to take a very big loss.
If you opt to trade it, make sure it is on favorable terms and doesn't leave you owing a large amount on a less valuable vehicle.
2006-07-06 18:55:52 · answer #2 · answered by martin b 4 · 0⤊ 0⤋
You need to sell it private party. You owe too much to trade it in and lower a payment on a new car. I sold cars for 5 yrs. and made a lot of money off people in your situation..... Good Luck.....
2006-07-06 19:11:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No. You owe WAY more than the vehicle is worth, and it would be impossible to trade you out and lower your payments.
Just put tombstone on the hood for an ornament, cuz you are buried.
or you can add some wheels to the roof, cuz you are soooo upside down.
2006-07-06 18:51:25 · answer #4 · answered by Manny 6 · 0⤊ 0⤋
You can trade if your leasing. If your not take it to the dealer tell them you can't afford the payments anymore. You will have give it back to the dealer.
2006-07-06 18:50:57 · answer #5 · answered by kspauldinghome 2 · 0⤊ 0⤋
yes you can ....but you are likely to take a beating...they will roll your remaining payment into new financing deal....so that you will be paying more for less of a vehicle. Better to sell it off and then buy a new one
2006-07-06 18:53:21 · answer #6 · answered by bobsled 5 · 0⤊ 0⤋
Somehow my friends car got "burnt" and they got a new car after that..dam street hoodlems lol ;)
2006-07-06 18:55:18 · answer #7 · answered by Jason D H 2 · 0⤊ 0⤋
Sure. Somebody somewhere in the world may want it.
2006-07-06 19:01:56 · answer #8 · answered by christopher s 5 · 0⤊ 0⤋
you can if you're leasing it
2006-07-06 18:49:00 · answer #9 · answered by caver nico 3 · 0⤊ 0⤋