add on my 7k to the 24k?
2007-06-14 06:01:11 · 3 answers · asked by Corona 5 in Cars & Transportation ➔ Buying & Selling
They would add part of the 7K to the 24K.
They will give you a certain amount of "credit" for what your car is worth to them. So when you trade in the car, say your car is worth $3K, they will credit you that amount (deduct that from the $7K you owe) so they will tack on $4K to your $24K loan.
2007-06-14 06:05:35 · answer #1 · answered by hsueh010 7 · 0⤊ 0⤋
If your trade is worth at least 7k, they will pay it off and finance the new car at 24k
2007-06-14 13:09:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
To add to HSUEH's answer you can usually talk them up on your trade in value. They usually make more profit on used cars for one. Second, they'll do what they can to get you in the new car. Third, if you were to get financing, they know the lender isn't going to lend you money if the loan is a lot more than the collateral is worth.
2007-06-14 13:12:23 · answer #3 · answered by Sean M 2 · 0⤊ 0⤋