and I want to pay it off in 4 more months, but I kinda don't like my car anymore! So I was wondering if I was to trade it in for another vehicle and pay it off, how would that be possible? Would I still pay more than wanted to.? Cause I was going to pay the remaining balance of $17,000. But I don't want to pay no more or no less. Do you think I'm better off just keeping my car now, or would it work out if I traded it in for a different modle adn year. ? I'm clueless about what to do? Do you think toyotas are relaiable? Someone please help!
2007-03-23 05:50:16 · 6 answers · asked by hunnie 1 in Cars & Transportation ➔ Buying & Selling
Toyotas are excellent cars with good resale value, go to KBB.com and plug in the mileage and year of your car to see what you would get for it if you sold it now, trade ins will always get you less than what you want or what your car is worth, but some people just want to get out of the car they are in and trade up to something newer or better. Do some research first before getting rid of it or paying it off.
2007-03-23 05:57:27 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You need to just stick w/yourvehicle - it's still under warranty and it's a toyota, sure there are other appealing models, but if you trade it in now, you will definitely be paying more later. Just try to keep the mileage down and take good care of it and wait until it's almost or all paid off. I wish someone had talked me out of making that mistake - had a car for 2 yrs and traded it in for something newer - it would have been paid by now!
2007-03-23 14:49:50 · answer #2 · answered by HappilyEverAfter 4 · 0⤊ 0⤋
You have to pay off the remaining principal balance one way or the other. You'll either do that by sending a huge check before you trade it in, OR it'll be worked out with the dealer on your new purchase (they'll usually call your lender, get the payoff amount, and figure it into your net cost by deducting the balance from your trade-in value). You'll only pay what you owe in principal from the date that the call is made. However, if you owe more than the car is worth, then you are in the hole and will have to make up any difference with your new car dealer.
2007-03-23 12:55:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Toyotas are over rated over priced pieces of junk. Do some research on their engine sludge issue, just to name one (link below).
The trade in value may not cover the pay off amount of your old loan, so you would need a new loan for the new car cost plus extra added to it for the remainder, which is the difference between your trade in amount and what you owe on the old loan.
Depending on the cost of the new car, your payments could less, the same or more than now.
2007-03-23 13:09:41 · answer #4 · answered by Anonymous · 2⤊ 0⤋
get rid of it and buy american car obviously your clueless or you wouldnt have supported Japan. dont care if its made in the US the money goes to Japan and by the way not all camrys are made in the US look at your vin # if the 1st number is a 3 its made in japan if its a 1 then its made in the US
2007-03-23 13:25:15 · answer #5 · answered by I race cars 4 · 0⤊ 0⤋
That would be so stupid to sell you new Camry before you even get it paid for.
I wish I was able to live a frivolous life like you.
2007-03-23 12:54:16 · answer #6 · answered by Anonymous · 1⤊ 0⤋