Trade in a financed car?

Question

I wanna trade in my Mazda3 2005 for a RV.... Is it possible to trade in for a cheaper car??

Answer 1

Try this:

http://www.edmunds.com/apps/calc/Calcula...

You have to enter the dollar amount of the new car you're planning to buy, along with an estimated interest rate for your loan ... but there's also a slot where you enter the estimated payoff on your trade-in. This is the amount of money that you still OWE on the vehicle.

The calculator will add everything up and give you an approximate monthly payment on your new auto. You may be able to get a cheaper monthly rate.

Answer 2

You must be informed when going to trade your vehicle to a dealership.  If you are not certain of the value then you can get really ripped off.



Dont be suprised if a dealer makes a low offer. It's simple to get a estimate online to see how much your car is worth.  I have recommended http://tradein.123thebest.info - Good luck.