Is it possible to trade in a vehicle that you got 5 months ago that cost $16,000.......And then you want to trade it in for a newer one that cost 20-28K....and also get a lower payment then $280/month......? is that possible? or is it pushing it too far at a dealership?
2007-04-02 14:07:53 · 3 answers · asked by EL LOCO 2 in Cars & Transportation ➔ Buying & Selling
your details are very limited, it would be better if I knew what year the cars were, if you already have financing on the first one and what your monthly payments now are. also if you had a down payment or trade in on the first car. and if the $16k was what you paid 5 months ago and what type of car you have... All these things are considered when you trade in your car. YES of-course you can trade up and the dealer will be more than happy to help you. as for the $280 per month without knowing everything about the two cars, and the current financial info. It is impossible to say you could get the payments down to $280. New cars often have 0% financing, and can be financed for 5 or 6 years. which lowers your payments, where used car financing terms are based on the year of the car.. a 2004 car would probably only be financed for 48 months and the payments would be higher. Also if you have a poor credit rating you will be charged higher rates and allowed shorter financing terms. If you would like to email me with the details I can explain what you need to do.
2007-04-05 13:27:37 · answer #1 · answered by ? 6 · 1⤊ 0⤋
I think that is pushing it. They probably will not give you as much for trade in as you owe on the car, so the balance will be added to the newer car cost. But you know it can't hurt to ask. Go and talk to them and see what they can do for you. Good luck
2007-04-02 14:12:29 · answer #2 · answered by Patti C 7 · 0⤊ 1⤋
i always thought of that but i think it can be possable, if i were you i'd call them up and ask. its better to call them.
2007-04-02 14:11:26 · answer #3 · answered by Anonymous · 0⤊ 1⤋