well back in 2006 i financed a car and really had bad credit so i had to pay the high intrest rates. Presently i have very good credit and i was wondering about trading my car(still being financed and owe like 15K$.) The thing is i am paying alot for this car every month where i can get into something new and pay about the same if i were to roll over the balance.
Thinking about trading a high intrest financed car?
It kind of depends on how much a dealer will give you. If you are looking at an $12000 used car, and they only give you $10000 for your trade, you are looking at financing $17k on a $12k car. Good luck finding someone to finance that for you. You%26#039;d have to find just the right car that a dealer has a very low price on. Something you can %26quot;hide%26quot; your negative equity from your present car in. If you find something that seems like a good deal, check out the NADA or Kelly Blue Book, if you can add your neg equity to the dealer price and not go over the estimated value, then you should be good.
Does that make sense?
You might try to find %26#039;07s that a dealer never sold, they usually give really good deals on those.
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