i want to trade in my car in the next 4 to 5 months and i need to know the best way to go about it. I either want a Honda or a GTI. How would I go about trading it in without a downpayment thats huge and what about my car now? whats the easiest way to get rid of it?
2007-07-11 07:35:54 · 2 answers · asked by sweetmurderous 2 in Cars & Transportation ➔ Buying & Selling
Wholesale value of your car in average condition is $12,196.00. This is assuming around 16,000 miles are on the vehicle (you do not say).
A dealer is only going to pay you wholesale for a trade. They may juggle the numbers and make you think you are getting more, but the actual price that they base their figures on is the wholesale value. If you owe more than the car is worth, you will either have to pay the difference in cash, or roll the balance into the new loan, making your payments higher!
If you are going to be trading cars every couple of years, pick the Honda over the VW. Hondas have held their value must better than the VWs
2007-07-11 07:55:51 · answer #1 · answered by fire4511 7 · 1⤊ 0⤋
You should be able to sell the Scion and If its not paid off then pay it off then put the left over as a down. But be a little more prepared that that do a little research on the NHTSA web site it will tell you about recalls and technical Service Bulletins on the cars you look at. You can also get a Free book about what to do if you get a Lemon. Go to the web site lemonprotection.com. I have read it and it prepared me as to what to do.I ended up finding a Lemon Law attorney for my car and was well organised. Good Luck and GOD Bless
2007-07-11 14:47:41 · answer #2 · answered by Anonymous · 0⤊ 1⤋