Can I trade in my car?

Question

I have a ford escape 06, had it a little over a year, and owe like 10 k on it.. can I trade it in? I'm not sure how trading in works

Answer 1

Go to kbb.com and get the going price (trade-in value) of your car.

Now subtract the trade-in value from what you owe.  If you own more then you are negative (upside down on your loan).

If you have any positive value then that much is TAKEN off the car you want to buy.  If you are upside down, then the negative value is added (and effectively the price of car goes up).

Good Luck...

Answer 2

you may get the answer here

http://xrl.us/kjske

http://www.google.com

Thanks

Answer 3

Just make sure the money it will cost you out of pocket to trade is worth the fuel savings.  If it costs you $3000 to get rid of your car and into another and you get another 10 miles per gallon.  You will not make that money back for years so make sure it is a worth while trade.