Planning to trade in honda civic coupe for Honda civic 4 door?
I was looking to get advice from people who trade in their cars.
I'm financing a honda civic coupe 2012. I pay about $290/month right now. I wanted to get the 4 door and finance it. Honda is willing to buy back my car for 11, 000. The black book value ranges from 14,000- 15,000.
The sales agent said it would come upto about 30,000 after we go through with everything. I'm a little scared to sell it on my own.
I was wondering if you guys have any experiences or recommendations on what the best route would be. I def. Want a 4 door because it would be convenient for me. I would be losing the $6, 000 I paid so far as well.
I'm not interested in used cars. I don't mind paying it off. I just need to know what would be the best way. I was calculating and it seems ill lose more money by paying it off and then selling it.
You are taking one bad financial decision and making it worse. $30,000 for a civic? Seriously?
This is why you don't finance depreciating assets! If you do, you make a large down payment and only finance for 12 of 24 months.
You want to do this because it is more convenient? Seriously?
Any recommendations? Yes. Keep the car you bought, pay it off as quickly as possible. In the future, buy good used cars for cash.
The book value does not range from $14,000 to $15,000. The book value is a set amount that this car is worth. It for sure is not a variable of $1,000. You do not list enough information for me to tell you the exact value. The NADA retail book value of the cheapest 2012 Honda Civic DX Coupe with 25,000 miles on the odometer is $14,150. And an EX would be worth $17,050. So, by offering you a measly $11,000 they are ripping you off. My advice is suck it up, drive what you have and when you have it paid off then get another car. That is the only wise thing to do.
Bad move rip off dealers oh it is a mess they say one thing when you go to sign paper say something else
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