I'm upside down on a 04 SUV and I'm looling to trade in. what would be the best method to get best deal?

Answer 1

yes, you might get more money for your trade-in if you opt to sell it yourself. Depending on how 'flipped' you are in the vehicle you may still owe your leinholder money. The best way to get out of having to pay any money out of pocket is to get into another vehicle. right now there are great rebates and incentives for almost every line...on 2006 and 2007 vehicles. I was upside down in a GMC Suburban about two years ago, and I decided to get into a lease on a car. They were able to raise the selling price of the vehicle to accommodate for the inequity in my trade-in and with the lease my payments were still affordable for me. But leasing works for my lifestyle (live close to work and i like to get a new vehicle about every 2 years). You can also purchase a vehicle and roll the inequity into the price. Do your research regarding what vehicle you would like so you don't pay too much, but know that the way dealership allows for the inequity is to raise the selling price of your new vehicle in order to pay off the trade-in.

Answer 2

In ALL circumstances being the different way up is a undesirable factor while it comes time to commerce on your vehicle. in actuality that's what's happening. Your cutting-edge payoff is $6000. which ability you're able to desire to sell the vehicle or get a minimum of $6000 for the vehicle once you commerce it in. So the money you get from the vehicle pays off the debt in finished. in case you could not pay off the own loan in finished you ahve to return up with that money out of your pocket. it is why being the different way up sux. you're able to arise with the money to make up the version. What you're able to desire to do is circulate on line and do a splash examine and verify what's the possibly fee you will get on your vehicle as a commerce in or in case you sell it your self. analyze that to the pay off volume and notice in case you will come out earlier to the sport or in case you will lose money. applying a predator lender such as you pronounced is a extensive mistake. they'll sell you a crap vehicle, fee you too plenty for it and then hit you will obscene rates of interest. you're able to desire to steer away from that. circulate to a Chevy broker, a KIA broker or a Toyota broker. they're the single's offering aggressive financing plans and you're able to get a stable small low-priced new vehicle from them.

Answer 3

Depends on how upside down you are. Right now there are alot of rebates on 06 model vehicles. Go to the dealership of your choice and see what they have. I know Ford and Mazda both have good rebates on the old inventory.

Answer 4

sell it yourself. never get a good deal trading cars into dealers. they have to make money too

Answer 5

sell it private.or trade for leftover 06

Answer 6

Sell it yourself for sure. Or keep it.

Answer 7

Tell that you bought it from Britney Spears.