question about trading in a financed car..

[Laoz]

In the summer I financed a 2004 accord coupe v6 from TNT honda for 36 months.

I was wonderin if i could trade in my accord for another car and carry on my finance plan - is it possible? thanks

[The Cosworth]

Not really.

it will be


(new car msrp + amount owing on your accord) - trade in value of the accord = purchase price.



Hopefully what you owe is less than what they will offer you for trade.

[Laoz]

damn that was fast

hmm yea i thought it be something like that, thanks

[jonnycat]

If you were downgrading and they traded you straight across with no cash, you'd still have to refinance at current rates.