? about trading cars(Help Please)

[BigAl]

Lets say i own 4500 on the vehicle i now drive. If i trade vehicles is the price i own figured into the price of the vehicle i buy? In other words am i going to have to pay for the new vehicle plus what i owe on my trade in? Somebody explain this to me how is this really gonna work?

 

[rammerjammer]

A lot of that will depend on the actual value of your car. If you have an 07 Lexus that is worth $13,000......then no. If you car is an 04 Taurus that is worth $4500.....then more than likely you will take a butt-reaming in trading. Determine what your car is worth. NADA and Kelly Blue Book are good places to start. If you can sell the car outright you will be better off.