how much should i expect for trading in my lexus for new car?

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cell200311

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i have a 99 lexus gs300, its nice but i want something more youthful, i work fo GM, and i want a 09' colbat ss/tc , msrp around 24k, its alot, but i get employee discount too. if i were to trade it in, how much you think i would get, miles are over 100,000 too. but still in great shape inside and out.
i want an idea of what i will get, will i have to save up for a down payment or could my car be used for that,
The car is paid off
 
Trade in Value is $5200-6800 according to KBB, depending on condition. If you sell it yourself, the Private party value is $7400-9000. So, I suggest you try to sell it yourself first and get extra money. Your car value can be used as the down payment.
 
If your Lexus if paid for (no loans) then, yes, the trade-in credit you get from your dealer can serve as down payment (or partial down payment) on a new car. Look at www.kbb.com or www.nadaguides.com to find the approximate trade-in value of your car. Since new car dealers don't usually like older cars with high mileage, they may not offer you the blue book value. You might do better selling it yourself and using the money as a down payment.

Now, if you still have a loan on the Lexus, that's a whole different story. But I won't explain that since you didn't say that you still had a loan.
 
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