Trading in a car for a much cheaper one I'm young. I made the mistake of going to a dealership about a year ago and getting a loan of 36k for a car and expected to pay it in 60 months. I'm in …

Most cheaper cars won’t have the same terms as your brand new car so cutting your payment in half is not realistic. Plus you’ll ultimately be looking at same money each month in expenses …

So here’s how that would work (keeping it simple)… 15k new vehicle - 14500 trade = 500 plus tax + 18000 previous loan = 18500 to finance. So sure… you can. Just understand if a bank …

Well a cheaper car is a cheaper car. If it was just 18k financed down to 13k financed then yes, he would be doing something smarter. But factoring in what he will trade that car in and the …

I’m considering trading it in for a BMW 530e that’s about 34K. I took out a 30K loan on the Tesla and I’m curious if I’ll get fucked over for trading it in with that high of a loan even though the …

Trading in with underwater equity only really works when there's a huge price difference, like if you go from a $60,000 BMW to a $27,000 Accord. Or if you go from an F-250 to a Corolla, …

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 situation play out? Do I just give …

The issue is any negative equity. Going for a “cheaper car” (use quotes as we have no idea if you are talking a 30k new car vs the 40k car to trade, or a 4K car with a 20k car to trade…) You …

If you have a car that is worth 24k for example and the full loan you owe is 34k and you want a car that is worth 24k and you do a trade in and the dealer buys your current car for say 20k and …

Trading in for a cheaper car - short daily commute - Need Help Hey guys, I'm a 24 yo male who went a little crazy buying a car once I got my full time job out of college. I'll be honest overpaid …