I wanna get rid of my 2001 Jetta (100,000 miles), I owe more than what it's worth. what, if any are my option for trade ins?.. I'm okay with slightly higher payments...and my credit isn't the best...any help would do me good.
2007-01-18 13:22:57 · 4 answers · asked by Andrew G 2 in Cars & Transportation ➔ Buying & Selling
if you still have payments on it, why are you getting rid of it? does it run fine? if so what are the reasons for the parting?
2007-01-18 13:27:37 · answer #1 · answered by gregthomasparke 5 · 0⤊ 0⤋
What they will do upon trade in is tack on your balance of your jetta onto what ever car you decide to buy. Trade ins are OK as long as the car is paid off. I think that when you trade-in a car that you owe more than its worth you end up paying 3X as much if you were to just keep it for a while till you get the balance down. The reason it ends up costing more is because they charge you a different interest rate on the balance on the jetta then they would on the balance of your new car. Hope this is some help.
2007-01-18 21:34:38 · answer #2 · answered by mcscorporate 2 · 0⤊ 0⤋
if you owe more than its worth, keep driving it. If you gotta trade it, then sell it yourself because youll get more cash for it, then go find another car to buy. If i were you, i would forego buying a nice car for one round, and get something that you wont owe anything on. Is a mediocre car REALLY worth the 250+ a month extra over a used camry? i highly doubt it.
2007-01-18 21:32:21 · answer #3 · answered by Kyle M 6 · 0⤊ 0⤋
Try ebay....or just suck it in and go for the higher payments...aww what have you got to lose!!!!
2007-01-18 21:46:39 · answer #4 · answered by non_oxynol_9 1 · 0⤊ 0⤋