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Mrs. Grace Brown
sell it or trade it in on something cheaper
If you will trade an expensive car for a cheaper one, make sure that the cheaper car is in good condition and the trader of the expensive car should pay exact amount of money for the expensive car.
You never get what a car is worth on a trade in. Get the blue book value of your car. Then, sell it outright and take the money to get a cheaper car.
Yes, but your trade in value may or may not cover for the cheaper car so whatever you owe on your current loan will be tacked onto your future loan for the cheaper car you are speaking about.
I have had my car for about a year and I'm interested in trading for something else alittle more cheaper. what's the process I should take to make sure that I'm getting the best deal
Zero, if you trade a more expensive car in and get a cheaper one
Rent, it's cheaper and gives you the chance to buy another car after the 3 months. Hope it helps, good luck!
yes you can. yes you can. yes you can.
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.
trade it in, sell it, or give it away.
There are many factors involved in trading in a car. The dealership looks at how much is owed on the car and how much the car will sell for as a used car. They will then calculate the difference. If too much is owed you can pay that difference, but if you do that you might as well keep the car. What you want in a trade in is to get some money to help pay for the new car. Since you only purchased your car 4 months ago I doubt you have any equity to trade on. If your car has problems you maybe able to use the "lemon law", but this has guidelines you need to follow to get a new car out of it.
smoking as it stinks it out for months