I have three more years to pay for it. My payments are 446.54 a month. What are my chances of becoming upside down? I want to trade it in for something cheaper.
2007-05-23 14:21:59 · 2 answers · asked by tantalizin1 5 in Cars & Transportation ➔ Buying & Selling
Impalas tend to depreciate a lot so unless you put down a hefty down payment, there's a good chance you are indeed upside down. What's the current balance/pay-off amount on the loan? 446 * 36 remaining payments would be about $16k, but that includes all the interest you'd pay over 3 years.
You can look up your car's blue book value on http://kbb.com, though their quotes tend to be inflated (don't expect a dealer to offer anything like the blue book quoted "trade-in value" unless they're making a pretty penny off you on whatever you'd be trading it in for).
2007-05-23 14:43:11 · answer #1 · answered by nevergonnaletyoudown 4 · 0⤊ 0⤋
If you let me know how much is left on the loan I could tell you what the dealership I work at would give you for the vehicle.
There is a difference between the allowance they give you and the actualy ACV. If you're going to be buying another vehicle the dealer will most likely show you more money for your trade but will not discount the car you are purchasing.
2007-05-23 23:00:17 · answer #2 · answered by burberribunni 5 · 0⤊ 0⤋