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06-12-2002, 09:44 AM | #1 | |
AF Newbie
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trade in financed car
Hi,
I have a 2001 Honda Civic, I finance this car for 9 months now. The car is ok, but I want to get something bigger. Is there a way I can trade in my car (do not own) for something else, that costs about the same as my loan amount is? thanks, webtekie |
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06-13-2002, 01:39 PM | #2 | |
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Webtekie,
If you've only been in the civic for 9 mths, you may find yourself upside down (you owe more than it's worth) if you decide to trade it in. I think Honda's do have a higher resale value, than American cars, so you may not be extrememly upside down. Just be careful because they might roll the negative equity into the vehicle you want. Go to sites like www.carpoint.com or www.edmunds.com and they will give you the trade-in value of your civic. If you want to put in the effort, selling it yourself will help you save money and you won't have to bicker it out with the dealer. I recently traded in a smaller vehicle for a better sized one, plus lower payments. I was upside down in my old vehicle, but due to lifestyle changes I needed a lower payment. So the car I bought was used and low priced, and with some money down I was able to get lower payments. Good luck! |
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01-23-2008, 08:34 PM | #4 | ||
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Re: trade in financed car
Quote:
Good Luck Last edited by '97ventureowner; 01-23-2008 at 10:36 PM. |
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01-23-2008, 10:38 PM | #5 | |
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Re: trade in financed car
vv42 - It is obvious you are new to this site. PLEASE read the Community Guidelines in respect to posting in the forums. One rule is do not resurrect old threads beyond 90 days since the last post. This thread has been inactive for 5 1/2 years!
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