Upgrading to a newer vehicle while owing on the existing van.

Asked by John Sep 26, 2020 at 02:57 PM about the 2010 Dodge Grand Caravan SE FWD

Question type: Car Selling & Trading In

Currently wife is driving a Caravan with 110K kilometers, we've had it since new.  Any and all repairs needed were always done. No matter what. Unfortunately we still owe roughly $16 thousand dollars. Doesn't make financial sense in having that leftover debt while financing for another purchase. I've said ("that's insane" & she's saying "it's my money"). We'd be financing the newer vehicle so I'm totally lost on her position.

2 Answers

F_O_R answered 4 years ago

If you sold it on your own you might get $7,000 which mean you need another 9 Grand to pay it off. Only you know your finances but I doubt most people could buy a new car and qualify for another 9 grand in debt. Yes this is certifiably insane.

Mark helpful

Your Answer:

Related Questions

Grand Caravan

Looking for a Used Grand Caravan in your area?

CarGurus has 2,048 nationwide Grand Caravan listings starting at $2,995.

Postal Code:

Shortcuts

Search Dodge Grand Caravan Questions

CarGurus Experts

  • #1
    Whitney C
    Reputation
    3,690
  • #2
    timof5
    Reputation
    3,670
  • #3
    Rowefast
    Reputation
    2,780
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Chrysler Town & Country
4 Great Deals out of 116 listings starting at $6,999
Used Honda Odyssey
48 Great Deals out of 1,043 listings starting at $5,490
Used Toyota Sienna
42 Great Deals out of 869 listings starting at $3,000
Used Ford Explorer
75 Great Deals out of 2,091 listings starting at $3,995
Used Dodge Journey
41 Great Deals out of 818 listings starting at $3,850
Used Dodge Durango
55 Great Deals out of 2,218 listings starting at $5,500
Used Ford Expedition
19 Great Deals out of 825 listings starting at $7,888
Used Kia Sedona
12 Great Deals out of 215 listings starting at $3,800
Used Ford F-150
309 Great Deals out of 13,933 listings starting at $1,712
Used Dodge RAM 1500
6 Great Deals out of 72 listings starting at $3,000
Used Honda Pilot
36 Great Deals out of 1,300 listings starting at $2,995
Used Toyota Tacoma
46 Great Deals out of 1,074 listings starting at $9,995

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.