bottom line is you will NEVER NOT get railed by a used dealer or any dealer of any sort. never.
they will always rape you on the trade in and even if they say they are giving you a deal ... its snake oil at best... they are in the sham of the world... really... if you do not go into a trade/deal of any sort without SOLID equity in the vehicle you will get hammered, and even then, they will still hammer you. either way, none of that has EVER stopped me from doing just what you are thinking of doing, and if i want a new car, i just go do it, and make sure i bring the vaseline. tw On Fri, Jun 6, 2008 at 10:37 AM, Billy Cox <[EMAIL PROTECTED]> wrote: > My short answer...I would keep the vehicle. Right now is a terrible time to > sell a truck. > > But if you really must sell, then here is the long answer... > I would try to sell it to a private party first. You might even be able to > find a business or contractor who would jump at the opportunity to take it > off your hands for what you owe. Unlike consumers who buy pick up trucks for > vanity or the occasional weekend project, businesses see a truck as the cost > of doing business. A contractor might be driving around in a 1994 truck and > your 2006 would be a gas mileage improvement. They have tax incentives too, > so the economics are different. > > If you can't find a buyer or don't want to mess with it, then you will have > to trade in the truck and roll the difference between the trade amount and > what you owe into the loan on your new vehicle. Once you know that amount, > go home and compare the costs of trading versus the costs of keeping the > truck. As little as you are driving it, I can't imagine how it would be > worth it to take such a huge financial hit. > > You might find that pain at the gas pump is pleasant compared to paying 5-6 > years worth of payments and interest on a vehicle that you don't even own. > There is also the fact that if your new vehicle is ever totalled, the > insurance payout would not be enough to pay off your car loan. > > It can be really expensive to do what everyone else is doing. > > > -----Original Message----- > From: Greg Morphis [mailto:[EMAIL PROTECTED] > Sent: Friday, June 06, 2008 8:44 AM > To: CF-Community > Subject: process of trading in a vehicle? > > > 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? > > Thanks > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:261442 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
