I have a Honda civic 2003 and it has 60,000 miles on it. I owe still 5,000 dollars on it. I want to know if I should sell it to get a new one. I want to keep paying 180 a month but get a newer car. Will I get much for a trade in? It is mid condition. What would you do?
2006-07-27 04:20:12 · 12 answers · asked by exitdc 1 in Cars & Transportation ➔ Buying & Selling
Keep it! It's only 3 years old. Hondas hold up well and keep their value better than most vehicles on the road. It will be paid off in a couple of years and you'll have several years of payment-free motoring ahead.
People who trade every 2-3 years lose their shirts in the long run, even with a Honda. 40 years ago, you really had to do it that way as a 3 year old anything was a junker. Any vehicle today will give 10 or more years of good service if you care for it properly. A Honda should give 15 or more years service.
2006-07-27 04:28:53 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Well, 60,000 miles is nothing on an '03 Civic...I would put another 100,000 miles on it, then sell it...you've got 2 years and 3 months of payments left...just keep it. Right now the trade-in value on your car is $12,000, minus the $5000 equals $7000 towards a new Civic, which is roughly $16,000...so If you want to trade up, you're going to owe $9,000, plus your financing fees and tax/tag/title/doc fees. Keep your car, pay it off early and enjoy a vehicle you don't have to make a payment on.
2006-07-27 11:48:45 · answer #2 · answered by Boom 4 · 0⤊ 0⤋
Just visit a dealer tell them that you want to trade in this car for a new one and they will explain you your options.
As for the car, If it was maintained well it will easily last for 4-5 years more without major problems
2006-07-27 11:38:16 · answer #3 · answered by mmd_774 2 · 0⤊ 0⤋
You tell a car salesman that you can only pay $180.00 per month, and he'll make sure of it. YUP! I can do that.
You will finance the balance of $5000, in addition to the new car.
Sing along with me, "I owe my soul to the company store".
2006-07-27 11:33:25 · answer #4 · answered by ed 7 · 0⤊ 0⤋
You will not get those payments if you just trade it in without any other dowmpayment. But if you live in the chicago area, I will buy the car from you for the money that you own on it. my email is jovosasic@sbcglobal.net
2006-07-27 11:44:48 · answer #5 · answered by serb423 3 · 0⤊ 0⤋
check the nada guide to see what is the value and if it is worth it. Honda's have good gas mileage. look at what they will give as trade value and if it is enough to pay off your existing balance. Explore your options and ask questions.
2006-07-27 11:27:17 · answer #6 · answered by Freckled aquarius 2 · 0⤊ 0⤋
Keep driving and pay it off. Then you can drive it another 100,000 miles paid for & put that $180.00 in a savings account so you can buy your next car with cash.
2006-07-27 11:51:57 · answer #7 · answered by ubet426 4 · 0⤊ 0⤋
Keep it. It runs just like a new one, so why pay more money a month??
2006-07-27 12:36:44 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Go to Kelly blue book to find out. Be prepared, its never worth what you think it is. Good Luck
2006-07-27 11:24:51 · answer #9 · answered by ♠♣♥Rogue♣♥♠ 5 · 0⤊ 0⤋
trade it in your payments will go up a bit though
2006-07-27 11:23:47 · answer #10 · answered by Anonymous · 0⤊ 0⤋