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I just helped a friend do this very thing. They traded a 2006 Outback in for a 1998 Ford Windstar van. They wanted to get out from under the payments. They had equity in the new car, so the deal went down like this: we traded the new car to the dealership, they pay it off and we get the van, out the door, no money out of our pocket. If you have sufficient equity in your newer car, you can even walk out with cash and the car, but look and listen carefully. The dealership will try to get you to pay the "dealer prep fee" that "everyone" pays. I told them no--we have enough equity to cover everything. Hope this helps
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∙ 17y ago
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Is buying a new American Car less expensive in Texas or Florida?
Florida
Can you trade in your new car that you still owe a lot on for a significantly cheaper car?
It is not a good idea to make such a trade. The dealer will offer you significantly less then you owe, and move the difference unto your cheaper car. The bank may not even want to finance your cheaper car because the collateral would not cover the entire loan balance. You may be able to get approved if you purchase GAP insurance when making the trade; however, there is no guarantee. Even if you can get approved, it would not be the best choice to do so. Imagine making a $500 payment on a car that over 5 years would have had a $300 payment. You could probably keep the more expensive car for the same $500 a month. Weigh the options. It is usually more expensive to trade the more expensive car for a cheaper one.
What is the least expensive new car?
The least expensive car is probably the Tata Nano.
How much cars cost in 2003?
Would depend on the car, and where. The AVERAGE cost for a new car in the US was $21,169. Some were more expensive, some less.
Do you have to buy a new car to trade in a used car?
No, you can trade a used car for another used car
When you trade your car in for a new car does the entire trade value have to go towards the new car?
Depends on what arrangement you are able to make with the dealer.
Where can you trade in your new car for a used car?
Sure, but you will not get near what the new car is worth.
How do I get a new mid size SUV?
Look for a car that will suit you well. Having a expensive car doesn't make you cool. Buy a car, that you think, that will last you long enough and has 3.5L of gas. You less litters of gas, the less payment on gas.
Can you trade in your new car for a used car?
Yes.
What is the cost of brakes for a car?
New brakes for a vehicle depends on the type of car that you have. The more expensive the car, then the more the brakes would cost. For front brakes on a less expensive vehicle could cost anywhere between $40-150. The back brakes are higher.
Trade used car for new car?
Yes it's possible. It's what we called "trade-in".
Where do I find a place that I can trade in my old car and buy a new one?
Go to Toyota. They will trade in your junk car and trade it in for a new one of your choice. There are hundreds of new and awesome cars to choose from.
