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?

Of course your payment would be higher. A 26k vehicle cost more than a 6-7k car.

You would go to the dealership, they would make an offer on your vehicle. It probably wouldn't be what YOU think it's worth. They will take that amount and apply it to the 26k.

Although… You said that you are still making payments? Does that mean you don't own your current car?

You would have to use the money they offer you to pay off your car.

Let's say you still owe 2k on the Acura and they give you 6k for it. You would have to pay off the 2k. The remaining 4k would be taken off of the 26k for the jeep. You would still finance $22,000.

It's not that easy dude. There's more to it then here is my car and i want that one. It depends on how much you still owe and how much they will give you for your current car. And if there's any balance left over from current car. If there's it is added to the new car your getting. For a car around 26,000, your looking at anywhere from $350 to $450 a month depending on your credit.

You lose thousands every time you trade. You get wholesale and you pay retail. That's probably $5000+ in this case.

Your payments would go WAY, Way up and your insurance too.