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If trade-in value on a car is 5000 the dealer incentive is 5000 and you still owe 5000 to the bank will dealer incentive pay off that remaining 5000?

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Wiki User
2015-07-15 19:09:21
2015-07-15 19:09:21

In this scenario "the trade in value" itself will pay off your outstanding debt of $5000, regardless of the "dealer incentive". The column should look like this:

Price, 20,000.00 New car Less 2,000.00 Discount Less 5,000.00 Dlr. Inctv. Less 5,000.00 Trade Value add 5,000.00 Money Owed add Aplicable Tax

Hope it is not too late :)

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