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

311,285

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.

158,525

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

Your Answer:

CarGurus Experts

  • #1
    Dan Connell
    Reputation
    20,440
  • #2
    dandyoun
    Reputation
    15,310
  • #3
    Gene Arnett
    Reputation
    11,770
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Ford F-150
264 Great Deals out of 13,726 listings starting at $1,995
Used RAM 1500
344 Great Deals out of 13,479 listings starting at $4,995
Used Chevrolet Silverado 1500
140 Great Deals out of 5,746 listings starting at $2,995
Used GMC Sierra 1500
97 Great Deals out of 5,548 listings starting at $3,475
Used Dodge RAM 2500
21 listings starting at $11,700
Used Toyota Tundra
31 Great Deals out of 903 listings starting at $8,995
Used Dodge Charger
28 Great Deals out of 818 listings starting at $6,200
Used Toyota Tacoma
61 Great Deals out of 1,198 listings starting at $2,030
Used Dodge Challenger
16 Great Deals out of 337 listings starting at $14,895
Used Dodge Durango
48 Great Deals out of 1,958 listings starting at $7,995
Used Jeep Grand Cherokee
94 Great Deals out of 3,171 listings starting at $3,490
Used Chevrolet Silverado 2500HD
12 Great Deals out of 1,025 listings starting at $9,500
Used Ford F-250 Super Duty
14 Great Deals out of 1,310 listings starting at $4,999
Used RAM 2500
40 Great Deals out of 2,036 listings starting at $13,740
Used Chevrolet Tahoe
14 Great Deals out of 695 listings starting at $4,998

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.