We have a car from Jd Byrider. Can we trade it in for a minivan through Jd? ?

Question

Our family can fit in the two cars we have now, but we are trying to have another baby and then there would not be enough room for all of us in one vehicle. So we would like to trade it in for a mini van. I know a lot of people have had issues with Jd, but we have been satisfied so far. My husband has had the car about two years. Thanks in advance!

Answer 1

I think you should ask JD Byrider this question. You'll get a better answer.

Answer 2

Good Luck. you probably owe more than what the car is worth.

high interest means higher payoff, and usually inflated pricing from the start. you need to check the "value" of your vehicle and compare it to your payoff amount.

call your local JD and ask them if you are in a tradeable situation.

best of luck

Answer 3

Usually they will want you to have your balance down to about $2k before you do so.  Think about it this way...

A loan through JD Byrider usually goes for 4 years.  So, you are halfway through the loan.  You probably purchased your car for $9k.  1/2 of that will be $4,500 (not including your interest).  If you add $4,500+ to another $9,000 car loan you will be putting yourself into a $13,000 loan.  That doesn't include the interest, taxes, and fees that you will be charged on the van purchase.

If you wait another year I'm pretty sure they can work something out with you.

Like the other 2 questions said, you will want to contact your JD Byrider to get more details about this. Most likely you purchased from a franchise and they don't all operate the same way.

Congrats on the expanding family.