i have a 06 scion tc i bought for $18,000 and i want to trade it in for a

  • Thread starter Thread starter Bebo B
  • Start date Start date
B

Bebo B

Guest
$18000 honda s2000 how does it work? i have a 06 scion tc i bought for $18,000 and i want to trade it in for a $18000 honda s2000 how does it work how much would i end up paying
 
This may not be what you want to hear...But I will tell you how it works...(I own a used car dealership)

You buy a car on monday - getting a good price - you pay Retail price for it.

You decide on Thursday (same week) that you didn't get the car you really wanted. You talk to the dealer and guess what?? You can now trade that car in, but only for trade in value. See you have only had it 4 days, but its doesn't matter how long you have had the car, dealers wont pay "Retail" for a car, when they can go to the auction and pay rock bottom prices. This is why its never a good idea to trade in a car to the dealer. The dealer is the only one that will come out on top. So if you paid $18k for scion a year ago, my guess without knowing mileage and all the options on the car, which make a difference...I bet you get offered $12,500 for your Scion, at most.
 
Their going to appraise your scion and most likely its going to worth a lot less than 18000 more like 8000. If you paid cash expect to put out at least 8- 10 grand, if you financed hopefully you put money down so you have some. kind of equity in the car. You also have to factor in what your pay ff is(if you have one). No one can really answer your question exactly because we would need to know the exact payoff, what your car is worth, how long you had the car, or if your even financing at all.
 
Back
Top