How does car trade in work?

I want to trade in my car it's still finance kbb trade in value is 13,200 and I owe 15,700 for a honda civic 2013 and I want to buy a kia optima 2015 24,500. How does it work

Not a good idea. You are upside down $2500 and if you were approved, you would immediately be upside down at least $6500, probably more on the kia.

You want to trade cars as few times as possible in life. You lose thousands everytime you do.

You're $2500 upside down. If your dealer will allow it, you can roll the $2500 negative equity into the price of the new car, making the new car cost $27,000. If you don't make a good down payment, you'll be instantly upside down by a larger amount in the new car. This is a bad habit to get into when buying cars because it tends to get worse and worse, and finally puts you in a bad financial situation that you can't get out of -- such as if your car is totaled while you're upside down. (Hint: your insurance will only pay what your car is worth, not what you owe.)

You're upside down. Bend over the hood of your car and prepare to get some "servicing the customer".

  • Will a car dealership work with me if I'm gonna lease a new car, while trading in the car I have, which has an outstanding loan against it? The car I have now has a loan against it which is worth more than the trade in value of the car by about $5000. If me and a family member were BOTH looking to lease a new car (so 2 new cars), does anyone know if a dealership will be working to work with me in any way? Also the cars looking to be leased are not high end or luxury cars, they d be coming from a dealership like Honda, Toyota, or Subaru.
  • How does trading in your car work with Honda? So I have this used acura that is worth about 6 to 7 thousand dollars. And I saw this used jeep wrangler I really like that cosr a little under 26 thousand dollars. So how would that work if I traded in my Acura for that other car? My payments are about 180 a month, would my payments increase?
  • How does trading a car work? How does a trading in a car work? I just bought a 2013 Honda but I want to trade it in for a different car.
  • Would you trade a 2014 car for a 2007 car straight up? I own a 2014 Honda Civic but it's too cramped and too underpowered for me. I want to trade it for a larger car with more room a 2007 Honda Element instead. Both have around 100,000 miles. After taxes and DMV fees, the Element would cost about the same as what I would get on the Civic. So do you think this is a fair trade?