It's been approximately three months since I purchased a Dodge Ram 2500-2007, of course I got it financed thru but now I am thinking about trading it in for a 2007- Infiniti FX35 or 45....Is it too soon? Other people in my family think so....Am I going to struggle with my new loan? And am I going to look like an undecided brat? I see people do it all the time, the dealerships are full with cars & trucks with less than 10k miles...help me out...
2007-07-02 02:32:42 · 5 answers · asked by 0000 1 in Cars & Transportation ➔ Buying & Selling
You will lose a BUNCH of $$$. I would expect that the dealer will offer you about 60% of what you originally paid for your truck. If you can stomach a loss like that, go for it! I don't know how you worked the financing but it is very probable that you currently owe considerably more than they will give you trade-in. That means that you will roll that "negative equity" into your new car. You might end up owing $60k on a car that is worth $35k. Be careful.
2007-07-02 02:42:40 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Some people can afford to trade cars every three months.
Dealerships love it, banks love it, but it is not good for the pocketbook.
The major portion of the depreciation takes place the minute the papers are signed for ownership.
The major portion of the interest the bank will get is paid in the early months of a loan.
I would Rather have one paid off car the two I am paying on. I also would rather put 200 into a every month for repairs then pay 500 to the bank.
You have to decide what you want-
To be always trading in cars to get the latest
or
Making the best of what you have.
2007-07-02 02:44:56 · answer #2 · answered by teamepler@verizon.net 5 · 1⤊ 0⤋
You will run into some money by trading so often. You will keep paying the difference between retail and trade in value. Most people trade when they start having problems with a car, or their circomstances change and they need a different type of vehicle for their family or work.
There is a big difference between the 2500 Ran and a FX35.
It is your money, so if you want it that bad, then go for it. Last suggestion, try and sell it yourself, you'll come out better than just trading it in. good luck.
2007-07-02 02:41:39 · answer #3 · answered by Fordman 7 · 0⤊ 1⤋
If it is a Mercedes diesel at least 40 to 50 years.U.S. cars and trucks 5 years,Japanese 10 years.
2007-07-02 02:59:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2016-11-07 22:41:44 · answer #5 · answered by ? 4 · 0⤊ 0⤋