Hello I have a 2003 Honda civic and i want to trade my car in for a acura or a diffrent honda will i be able to do so???
2007-01-29 08:30:25 · 8 answers · asked by taneshia_mcclain 1 in Cars & Transportation ➔ Buying & Selling
Of course you can. Be careful though because they will try to charge you an arm and a leg. You need to let them know that the reason you are trading the car in is that you are not comfortable with the car or something like that. DO NOT tell them that you just want a newer car. They'll see sucker written all over your forehead!
Good Luck!
'-)
2007-01-29 08:36:00 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Yes, but be prepared to take a bath on the car you are trading in. Dealers love people like you. They will get your trade for some lowball amount and gladly refinance you at a much high rate. That is unless you owe very little on the car. Either way its a bad idea. If you really want a different car sell yours yourself. Pay off the loan and then go look at a new car.
2007-01-29 19:11:41 · answer #2 · answered by I drive fire trucks 3 · 0⤊ 0⤋
if you really want to trade it in you can do so regardless of what the other car is worth. There are a number of ways of getting around the finance problem. Ask the dealership you purchase from. One was is that the dealer pays off your existing loan subtracts what he wants to pay you for your car and then adds the additional amount to the price of the new car. In this case the price of the new car does increase but if you find a good deal it shouldnt make much of a difference. It can nonetheless be done :)
2007-01-29 21:01:57 · answer #3 · answered by bently 1 · 0⤊ 0⤋
I like all your answers so far, the big bad wolf is the dealer ???, I been selling cars for 30 years and the # 1 reason why consumers get ripped is cauce they dont have a clue how the process works...WHY...most people today dont really have the time to study how to buy a car, yer 5 minutes on the internet teaches you a lot surfing a site or two.
Yes you can trade your vehicle and if the negative amount wont exceed the lenders book value it can be build into new payments...as for you not being taken to the cleaners that will depend on how much homework your prepared to sacrifice
Go to my website http://www.usedcartips.org/ study the 10 steps its free advice with no string attached...I made my coin from consumers that did not study and dont need to nickel and dime selling a book or CD's...its a retirement hobby...good luck
2007-01-29 19:47:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes you can. The dealership where you are trading it in will pay it off for you when you make the deal. Watch out though. Depending on your cars condition, you may get less for the vehcile than what you owe on it. That is a bad move because then you will owe more on your new car than it is worth because they include the difference in the lein for the new car!! Go to Kellys Blue book on line and get the value of your car to get an idea of what the trade value will be and go from there.
2007-01-29 17:27:43 · answer #5 · answered by just me 6 · 0⤊ 0⤋
If you owe more on the Honda civic than what it is worth, you will be upside down on your loan which will cause your new car payment to be higher. If you can afford it, go for it.
2007-01-29 16:38:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes you can. They will pay off the balance on the loan for your 03 civic. If the trade-in value is less than the loan balance then that balance will go into the next loan. If the trade-in value is more than they will put that balance toward your downpayment
2007-01-29 16:38:22 · answer #7 · answered by nj2pa2nc 7 · 0⤊ 0⤋
if your car is still on finance, you cannot sell it,
you still owe money on it therefor if you sell the vehicle you are effectively stealing from the finance company and can be prosecuted for theft,
hope this helps?
2007-01-29 16:37:34 · answer #8 · answered by tylermartyn 2 · 0⤊ 0⤋