Has anyone ever financed their car & traded it in before your term was over? I'm about to do it this weekend & I just wanted 2 know will they allow me to even though I've only made 6payments? Also, If they do allow me to trade in the car, how much will I $uffer? Do they give me the value of the car & have me pay off the interest? (on top of my new car payment)

 

The dealer is not in it to lose money. Usually, they will say we can give you X amount for your trade. The difference between X amount and what you owe on the car is a loss that you are going to have to take. The dealer might just apply the difference to the price of the new car and you will pay from there. Usually, you will lose big if you haven't made payments for about two years because in the first year, depreciation is the most severe. Your best bet is to advertise it in the paper and see if you can't get someone to buy it or take over payments, and just take the 6 months you paid as a loss, or maybe they will give you some cash and take over your current payments.

 

The dealer will only give you KBB trade-in, which will be much less than a private sale. Be prepared to get raped by the dealer if you do trade it in.

 

hey 99laguana, did u get your body kit yet? $430 from the dealer, no shipping.

 

No, it's gonna have to wait as I just bought a minivan for the wife. Maybe after the tax refund comes in . I just hope those mudflaps didn't do too much damage .

 

dont wait too long...

http://www.acura-tl.com/forum/attach...&postid=345884

 

I know. Thanks for the info. Wish me luck as I take a look this weekend.

 

If you've only been making payments for 6 months get ready to bend over. Nearly everything you've paid so far has gone towards the interest. Ultimately, the price the dealer gives you on a trade wil be less than what you owe on the car. Hope you feel the car you're getting is worth spending a couple thousand more than the what they're asking for it.

 

Dont trade it in, like he said u'll get raped..I was thinking about going for the MDX(to big for me), anyways I have 20,000miles(alot i know) but i got headers, intake, kit, springs, and they wanted to give me.....u...ready.....$23,000...fu%$in a$$holes..But the good thing is its paid off, Im just going to wait for the 04...or ill keep it, b/c to be honest i still sweat the legends...

 

I too was looking to trade in my 2000 TL for a MDX, but they would only give me $20,000 for my TL with 25000 miles on it. I laugh at them. Besides the MDX is a gas guzzler. So i will live with her for another 5 years or so. I'm in no rush for another car payment.

 

The dealership is talking about giving me $19k for my 99 TL w/ 37k miles on it. I'm very aware that I'm going 2 take a big lo$$ but it will be a burden off my chest. Like I've said in other posts, I've had my headlights stolen once & two other failed attempts. 2 many headaches 4 me 2 deal w/. After the dealership gives me the book value of the car I will be responsible for $5-$6K. They will just incorporate that in my monthly payments for the next vehicle. (if they allow me 2, I'll lease it)