i'm thinking of trading my car in, how does this work?

Question

i just had to spend nearly 150 on fixing another problem with my car. i'm still making payments on it, i have about another year left until its paid off, is there a way to trade it in and get something else. i dont have the best credit but i am tired of having to put money into it and pay for it at the same time.

Answer 1

Yes you can trade before it's paid off, in fact most people do! BUT, You need to be prepared. If you're young and female everyone will think you're inexperienced so I admire you for going here to ask.The best place to go is a place that sells your type of car, not a shady place on the corner but a real dealership. You need to go in armed with information so when they try to finagle you, you know that what they're trying to do is wrong. AT least you give that appearence. SO - Get your credit score if you don't have it; It's much better if you know your score before they do. That way you nip any talk of undesirable credit at the bud. If you don't know your exact credit score, you may go rpound and round with them on something and then they'll come back efter finding out your score and try to manipulate you to a higher price or longer terms or SOMETHING because of bad credit. Let them know your credit score before you're negotiating so they can't use it against you..At the same time your getting your credit score got to :KBB.com (kelly blue book). This is where you get the current value of your car based on condition, mileage, optional features etc. Be honest when going throught the answers that way if they try to loball you on price you'll be prepared. Take the Kelly blue book value and deduct what you owe on your current car and that is approximately what you have to put down on the new (or used car). I would use that formula as your worst case. In reality you should be able to cut what you owe in half because what you owe is not what THEY would payoff to the loan people. so you can know those two figures as your range. so kelly blue book = $10, 000 you owe 2000.00 You have approximately $8 -9, 000 to buy or put down on a car. 10,000 is random, because it's easy to do the math! Then also before you go in really narrow it down to what you can afford, what appeals to you, what you could live with, what you must have to survive (a/c, cd player, sunroof, whatever) You may change your mind after seeing different cars inperson that's ok but if you go in with the information above, you won't be easily intimidated and they won't be so quick to try to move you! Good luck!!!

Answer 2

Well you need to know first how much is the value of your car today, and how much car you can buy now.
Maybe you need to take your car to a good mechanic it will be less expensive to have your car free and clear.
If you buy a new car it will be free off problems maybe.
If you buy a used car you maybe buying some one else problems . Better to have your car because you know what is wrong and what needs to be taking care.
If you want to trade your car go with some one who is a shark to negotiate and will protect you to get the best for your $$ i hope this will help you make your move.

Answer 3

If You only paid 150 keep Your lime or the next one will be a lemon.

Answer 4

well i dont kno but good luck...i guess.