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View Full Version : question about trading in a financed car..



Laoz
12-09-2008, 04:02 PM
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:thumbsup:

The Cosworth
12-09-2008, 04:04 PM
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
12-09-2008, 04:07 PM
damn that was fast

hmm yea i thought it be something like that, thanks

jonnycat
12-09-2008, 04:33 PM
If you were downgrading and they traded you straight across with no cash, you'd still have to refinance at current rates.