How does trading in your car work?

Answers:1   |   LastUpdateAt:2012-11-05 08:29:01  

Question
Chessy
Asked at
I want to change my car for a car of my truck has a market value of $ 14k - $ 17k in value and the seller wants $ 27k for the new car . How does it work ? My credit is not the best , but I've never made ​​a payment in two years wrong with my truck . im just nervous sell my truck and I will not qualify for a new loan or trade my truck will give me better odds ? .. I really do not know much about the auto trade for any other advice would be great! thanks
Answer1KKamaniAnswered at 2012-11-05 08:28:10
If you trade it in, it goes like this

27k for new car
-16k for trade in
11k owed for new car, this has to be financed or paid in full.

If you still owe money on your trade you ADD that to the 11k and that will be the amount financed or to be paid.
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