October 9, 2008
How do you do your so call homework for buying a new car so you don’t pay to much?
JJ asked:
I would like to trade cars, I currently have an ’02 Honda Accord and still owe about 12K, Would like to have no car payment. Thinking of trading. I put alot of hwy miles on them. Would just like some advise…
I would like to trade cars, I currently have an ’02 Honda Accord and still owe about 12K, Would like to have no car payment. Thinking of trading. I put alot of hwy miles on them. Would just like some advise…
Filed under Buying & Selling by Administrator
Comments on How do you do your so call homework for buying a new car so you don’t pay to much? »
You would shop around and see who is giving the best deal.
visit a couple car lots see what the deal they would give you is, find the one that is best deal.
Price they charge you for new car minus trade in amount they will give you.
Well 2 ways to go get a brand new car and get maybe 15% of what you owe on a trade in or sell it out right and get maybe 50% of what you owe or ideal situation is to have someone take over payments.
then no money lost and your out free and clear. If it was me personally I would keep it but keep in mind a couple things my guess on prices and %’s is based on year and normal wear and tear for a a car that year If you have over 200k it will be less
if your at 150k keep it or sell it less keep it.