The final issue is that of your valuation tools. Just because KBB says your car is worth $15,000 private party, does not mean someone will buy it for that. In theory, your suggestions could work for a variety of scenarios. However there are just as many scenarios where trading in a vehicle is the better option.

Realize however, that a car dealer earns a living buying and selling cars. They need to make money on your trade in and will not pay the full retail value you might  YMMV - I just traded in our van and went to both CarMax and the dealer I ended up The dealership isn't going to give you close to what you think its worth. ​. 3   I currently own a 2015 Toyota Highlander and thinking about trading it in for a 4Runner. I need a big car for family but want to reduce monthly payments while getting After going through about three pages worth of security questions just to   Your car is worth $10, and you own it free and clear. The dealership offers you $9 as trade-in for it. The car you're buying costs $100. They effectively charge you 

Reddit is an American social news aggregation, web content rating, and discussion website. an IT manager submitted a post to the subreddit r/ gameswap offering Redditors to trade one of The real-life Charlottesville car attack, which killed one and injured dozens, brought "Reddit AMAs: A minefield worth crossing".

The final issue is that of your valuation tools. Just because KBB says your car is worth $15,000 private party, does not mean someone will buy it for that. In theory, your suggestions could work for a variety of scenarios. However there are just as many scenarios where trading in a vehicle is the better option. Financially, it's not worth selling/trading in a car until it costs more to maintain than it's worth, which is quite a long time. If you are not underwater on the car you can sell it or trade it in.If the car is now worth less than you owe on it then you will have to pay the difference if you trade it in for a new car or sell it(say it's worth 15k now and you owe 20k you will have to pay 5k if you trade it in for something cheaper). Most people who trade in expensive cars for cheap ones do so because they owe a lot of money on the expensive car. They don't own it outright. Also, people often owe more than their car is worth at the time of trade in, so they still have to pay for the difference in it's value + the new car price. Trading your car in and applying its value to the purchase of a new car is the easiest way to get rid of your current ride. There's no need to sell it yourself, craft a used car listing, deal with potential buyers and the general hassle that goes with it all. It's obvious why trading in is such an appealing option.

If you are not underwater on the car you can sell it or trade it in.If the car is now worth less than you owe on it then you will have to pay the difference if you trade it in for a new car or sell it(say it's worth 15k now and you owe 20k you will have to pay 5k if you trade it in for something cheaper).

4 Apr 2012 To sum up the average discussion about jobs and money on reddit: a Generally speaking, car dealerships are in the business of selling  The dealer taking in your trade pays off the balance if you have equity in the car (worth more than you still owe) then you can apply that to the down payment. If you owe more than the car is worth, the amount can be added to your loan. Let's say you're buying a $30k car and have a car worth $10k. The final issue is that of your valuation tools. Just because KBB says your car is worth $15,000 private party, does not mean someone will buy it for that. In theory, your suggestions could work for a variety of scenarios. However there are just as many scenarios where trading in a vehicle is the better option.

Reddit is an American social news aggregation, web content rating, and discussion website. an IT manager submitted a post to the subreddit r/ gameswap offering Redditors to trade one of The real-life Charlottesville car attack, which killed one and injured dozens, brought "Reddit AMAs: A minefield worth crossing".

7 Jan 2019 If you've ever traded in a car, you probably heard of auction prices or lazy to try other methods or simply don't know what their car is worth. 20 Mar 2018 In fact, trading cryptocurrencies reportedly left one Reddit user with a $50,000 most of my bitcoins (about $120k worth) to buy a bunch of different coins. on personal [items] like a house or a car, or if you put it in securities, 

The dealer taking in your trade pays off the balance if you have equity in the car (worth more than you still owe) then you can apply that to the down payment. If you owe more than the car is worth, the amount can be added to your loan. Let's say you're buying a $30k car and have a car worth $10k.

I currently own a 2015 Toyota Highlander and thinking about trading it in for a 4Runner. I need a big car for family but want to reduce monthly payments while getting After going through about three pages worth of security questions just to   Your car is worth $10, and you own it free and clear. The dealership offers you $9 as trade-in for it. The car you're buying costs $100. They effectively charge you  I would prefer to trade in my BMW, and was wondering since the car is worth more than the Camaro 1SS, will I even pay a sales tax on the car? Would it be stupid to trade it in for a much cheaper car, one I could pay off in a year or so, like 5-6k ? The car I have currently is worth 12-14k according to KBB. My car is worth $8000, I have $10,000 left on the loan. I want a cheaper car for many reasons, I've found a car for $4000 that I like. How exactly does this 

Upside-down on a Car Loan - The benefits and risks of options to help, when you find yourself upside-down on a car loan. What you can do if you are upside-down on your car loan. Negotiating the price of the car you’re trading in may not be fun, but it can be effective. It pays to keep trade-in negotiations and purchasing negotiations separate. It can be easy to get confused when you’re juggling two transactions at the same time. We recommend showing the dealer the Carfax History-Based Value and your service records when negotiating a trade-in. This puts facts on your side, and you can reduce the potential for conflict. The reactions from Reddit users to the graphic have run the gamut. It doesn’t cover leasing, so some tout that approach. “I always lease cars with no money due at signing at $150-$250 a month Another reason to look at multiple dealers is because other cars on individual car lots can affect your trade-in price. If you insist on buying new (not the best move), the more years you drive your older car, the more cost-effective your purchase becomes. Upgrading a three year old car to a new model is not cost-effective in any real way – the only advantage it provides you is the prestige of constantly having a new car at the cost of many hundreds of dollars a month versus using a more cost-effective method of getting around.