I have a 02 dodge ram i need to sell i owe 14000 and need to know best car for price milage so on?

Question

i am trying to sell outright but am having a hard time i dont have much money so i need a more fuel efficent car and lower payments id like them to be around 200 anyway i want to know what to do if i trade in best way to get most for the vehicle and what car to get price an milage wise anybody help???

Answer 1

I sold cars and trucks for 5years.,

02 Dodge is a big gas hog. 14k is good mileage on that. Must be an engine rebuilt? Anyways The fact is you are not going to get blue book-value on your Ram because the market is flooded with them. So the dealer will rape you there. $200 payment a month is like 1970's low. Problems with a $200 payment means like $7,200. car. The bank will not finance you a car for that amount. Banks want at least $10k car with some kinda warranty.

Yo see the best thing you can do is dump the Ram. Sell it,  and pay the difference off. Buy a car for cash /out right.  

Answer 2

Owing 14k on an 02 Ram makes you about $5k upside down on a good day.  You are going to have a very hard time selling that truck for what you owe.

Trading it will go from bad to worse.  That $5k gets added to the next loan, or paid in cash.  I assume you dont have that kind of cash.

Well, then here is the problem.  If you have absolutely stellar credit - and I mean gold balls - You *might* get a bank to advance 110% of a used car's selling price - and that is a HUGE maybe.

In order to hide $5000, you will need a car priced at $50,000.  Yes,  $50,000.  50 x 10% = 5000.  So you will not be able to trade DOWN to get rid of the negative.

The other option is a brand new car that has $5k in rebates.  Guess what - now you are back to square one.  You will not get to that magical 200 payment.  No how, no way.  Not without cash.

The only thing you can do is tighten the belt.  You will be amazed at the places you can save money if you concentrate on it every time you reach tor the wallet.  No more starbucks, no pizza night every week, buy generic groceries - there are lots of ways to save.

Then pay that truck off, and drive it til the wheels fall off

Answer 3

Keep dropping the price.

You do have to weigh whether the lower payment on this econobox you want plus your balance of the Ram loan even saves you money anytime soon.

Many get stupid and panic and do the same thing and it turns out that they do not or will not be better off after this move for several years, which in most cases this more efficient ride is long gone!

Answer 4

don't know abut getting rid of the ram.  noone wants them right now.  too thirsty.

but if looking new, the top 3 cars, price relative to gas mileage, sold in the US are.

1.  toyota yaris

2.  hyundai accent GS

3.  honda fit.

all w/ 5 speed.

some good used bets with exceptional gas mileage are

1.  toyota echo

2.  saturn SL1

3.  honda civic

all with 5 speed