Depends on what arrangement you are able to make with the dealer.
The trade in value of a 2007 Pontiac GTO will vary from car to car. Factors that affect the trade in value include mileage and the general state of the car itself.
Yes you can trade your car in, but they are only going to give you what the blue book value is. Then the remainder of what you still owe, they will put it towards the new vehicle you get. I know this because I done it.
Check Kelly Blue Book's website, KBB.com, for your vehicle's trade in value. The service is free and many dealerships will actually reference it before they offer you a trade in value for your car.
To find the trade in value for a ford vehicle you need to find a website or car company which can tell you the value of your vehicle and decide who can give you the best price for your car.
The Cash for Cars program is a federal initiative that allows you to trade your current car in for credit towards your future purchase. The actual amount depends on the Kelley Blue Book fair trade value.
They use a market value guide.
Trading in a car can affect credit in both positive and negative ways. When you trade in a car and use the value towards a new car purchase, it can help lower the amount of money you need to borrow, which can be seen as responsible credit behavior. However, if you still owe money on the car you are trading in and the trade-in value is less than the remaining loan amount, it can result in negative equity, which may impact your credit if not managed properly.
It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.
NO. He will give you the difference in the pay off on the trade in and the trade in value. Stop right where you are. Sell the vehicle yourself and pay off the loan. Then go buy another car without a trade in. The price of the car will drop as soon as you tell them you have no trade in. You will be money ahead. Trade in value is basically wholesale value. You can sell the car for far more than that yourself.
Assuming the dealer is willing, then sure.
As much as the dealership was willing to give you. Value of the vehicle depends on options, mileage, overall condition, demand, and retention value. What you're trading it in towards will also affect it... you'll get more to trade it in for a new car than for a used 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.