Trade in 2007 Toyota 4Runner...?

S

Sally S

New member
hello, I'm a little confused on how this old trade in thing works.
I bought a 2007 4Runner in September of 2007 for $31,500 and I've already made 19 payments which totals $10,327.
So if I want to upgrade to a 2009 how would the trade in work. Can someone please explain the steps for dummies...lol...
 
I would honestly wait until the newly redesigned 2010 model comes out next year!

The way it will work is that they will take into account the value of your car (depreciated from the original msrp when it was new) and how much you have left to pay. You will most likely owe more then the car is worth therefore resulting in a higher payment on your new car. Try to pay off as much as you can (more then your minimum monthly payment) in the next few months before you buy. It will decrease the amount you will have to pay later.

Also, look into leasing your next 4Runner. Then they will be more lenient if you wish to turn it in before it is due and you be able to get a new car every 2-3 years!
 
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