Good God.... so it's just not worth it.. according to Kelly Blue Book, the Trade-In Value is ~14K, the Private Party is ~17K. And I've even been over paying that damned thing.
On Fri, Jun 6, 2008 at 8:52 AM, Bruce Sorge <[EMAIL PROTECTED]> wrote: > If you are upside down on the vehicle (you owe more than what it is > worth) then typically the finance company will add the upside down > balance onto the price of the new vehicle. If the dealership is offering > incentives such as rebates and the like, then you could use that rebate > to off-set the balance of the truck. This happened to me when I traded > in my mustang for an Isuzu Rodeo. The rebate I received on the Rodeo was > just enough to balance out the mustang so they did not add anymore to > the new vehicle. > Another thing that you can do is to determine the value of the truck > using Kelly Blue Book, then try to sell it to a private party. You can > usually make out better than trading it in, since the dealership is > going to try to lowball you on trade in, and trade-in values are a lot > lower than selling it to a private party. Also, still determine the > trade-in value of the truck and have that information handy for the > dealer. If the dealership sees that you are doing your homework, they > might be less inclined to try to screw you over. See what similar trucks > are selling for in the area, both at dealerships and through private > parties. > > > Bruce > > > Greg Morphis wrote: >> I have a 2006 Ford F-150 with only about 9K miles on it (due to gas >> prices). I do not own the truck yet, I still have roughly 20,000 owed >> on it (have paid over 12,000 so far). Anyways I'm considering trading >> it in for something smaller. What's the process of trading in a >> vehicle that you don't own? >> >> Thank > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;192386516;25150098;k Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:261439 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
