Car trade

Asked by TLX_3289 Jan 19, 2017 at 02:41 PM

Question type: Car Selling & Trading In

If I owe 14k on my car but the book value is 9k and
I trade it in for a car that cost 2k how much will it
then own.  

2 Answers
35,395

lrodri911 answered 7 years ago

You're better off selling it on ur own. Dealer is not gonna give u blue book value because they need to make money

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F_O_R answered 7 years ago

That would mean you would owe $7,.000 on a $2,000 car but no bank would finance that. You might be better off driving your car and making payments until you have a positive equity in it.

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