Can I trade in my car for a new interest rate?
I just brought a used 2010 Honda civic, and it's was the first time i brought a car. And of cores I get screwed over. I'm paying double for what the price was on the car, and I didn't even know till now. I was wondering of I could trade in my car, for a new car, get a better deal and of cores a new and better interest rat?
Did you read the contract before signing it?
How many miles, trim level, and what was the price of the car?
Are you looking at the total payments, that would of course include interest and is not the price of the car.
Do you have Add-On services? Read your contract. Maybe you can cancel those if you don't need them.
As for your question, sure you can trade in anything, you will just have to pay any negative equity in the car if you overpaid, and even if not, trade in value is always lower than retail, and you would be hit with all the sales taxes and dealer fees again, so that would cost $X.
Summary, best not to trade in a recently purchased car.
Hope it works out.
No. And you would lose thousands more if you could.
Listen to Never!
- What themes do you have interest, around cars? Especially made by japanese makers, Honda, Toyota… maintenance? Review? sorry, explain more correctry I work at mainteinance section of a transportation company, and I'll write about cars, using my experience at work. I have only around Japanese cars, and middle-sized trucks as correct knowlege, but I'll tell foreighner with mind love cars. So, I want to know that how topics do some foreighners have? Please teach me!
- On a scale of 1 to 10, how would you rate the reliability of the following car brands? I'm not in the market for a new car, BTW, I'm just asking this question purely out of curiosity. Honda Mazda Subaru Volkswagen Volvo
- Interest Rates and Car Loans? Here is the problem: for the last four years you have saved $125 per month which is in a savings acct earning 3% interest. You need a CAR and you found a good Honda that will coast exactly what you have in your savings acct… How much is in the savings account?
- Can I trade in an older car for a new one at a dealership? I have a Lexus SC400 1992 in decent condition. I want to trade it for a Honda fit 2015 or something similar. I need to finance the new car with monthly payments so I'm thinking the sc400 will cover most if not all of the down payment. How does this work normally? Do they accept trade ins this old?