Can I trade in this vehicle

Asked by Gail Nov 01, 2024 at 11:41 PM about the Dodge RAM 1500

Question type: Shopping & Pricing

I have a 2014 dodge ram 1500 that i owe $12,000 on I want to buy a 2021
dodge ram 1500 for 35,000, will I still be able to trade the vehicle in with a
balance on it

2 Answers

310,265

Possibly, but remember they will tack on what you owe from the old contract to the new one if they can find someplace that will finance a Chrysler product right now. However, you need to think about this hard, the future of all Chrysler products is very uncertain right now, look at the quality from your old truck to the newer one, you will see that the older truck is better, then there is the interest rate on the loan you now have compared to the loan you will get. Be very careful about this action.

157,625

Not a good idea!! You will be paying for two vehicles, one of which you no longer have! Even if your trade in is worth more than you owe on it, that twelve thousand dollars, which is a lot of money, gets added to the cost of the new vehicle! As long as your current Ram is running good and not costing too much for repairs, keep it. The longer you keep it the less you'll owe on it. So if it quits a year or two from now the financial hit will be that much less! Jim

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