Hello,
Yesterday my husband and i traded in our 2010 grand caravan because our payments were $392.00 a month, and the vehicle had $21,000.00 left on it. So we traded in our vehicle for a 2007 town and country chrysler mini van and now our payments are $346 a month and this vehicle has $18,000.00 left to pay off on it. The only reason why my husband traded our 2010 is because he's deploying, and he wanted to have the vehicle paid off or at least close to being paid off when he comes back. Did we made a smart move? The dealer is going to pay off our 2010. By them paying off our 2010 would that go on our credit report as paid off or no? Thanks so much for your feedback.
Yesterday my husband and i traded in our 2010 grand caravan because our payments were $392.00 a month, and the vehicle had $21,000.00 left on it. So we traded in our vehicle for a 2007 town and country chrysler mini van and now our payments are $346 a month and this vehicle has $18,000.00 left to pay off on it. The only reason why my husband traded our 2010 is because he's deploying, and he wanted to have the vehicle paid off or at least close to being paid off when he comes back. Did we made a smart move? The dealer is going to pay off our 2010. By them paying off our 2010 would that go on our credit report as paid off or no? Thanks so much for your feedback.