should i trade in my honda accord exl sedan 2008 for a honda crv 2009?

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preciousstar

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hello im 22 years old and i baught the 2008 honda accord sedan 1 year ago it has 7000 miles and i want to trade it in for the crv honda.2009. the price for the crv is 23000, and i financed my car and still have a bal for the amount of 23000.would i lose a lot of money? or should i go for it? my honda accord does not have no dents nada looks brand new..
 
So, basically, you have to buy the new car for 23k, and pay off your 23k loan, for a total of 46K. I'm going to guess that your car is worth about 18k as a trade in, so you would be paying 28k plus finance charges for your CRV...Yep. You are losing a lot of money.
 
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