Trading my used 2004 Honda Accord to new 2009 Toyota Tacoma?

[kayem]

How much money would I lose? What are the process of doing so?

I bought my Honda for $20,000 and bought it used.

My Honda has 62K Miles.
2004 Honda Accord V6 Coupe 6 speed manual

to

2009 Toyota Tacoma 4cyl 4x4 Access Cab

 

[yongjiujunshi]

check kbb.com

 

[sweet dreams]

not sure on the money lost
but i can tell you toyota's are famous
for their high resale value

so it might be a good decision in the end

 

[hamn]

KBB on the honda runs for just under 10k in good condition, so you'd lose about 10k on the trade in, or whatever is left on your loan will roll oer on the truck.

Personally, i think you;re better off with the honda- its more fuel efficent, safe, and stylish.

the Tundra costs more, and will lose value quickly because of rising gas prices. Gas prices are low now, but will return to the days of 4 dollar a gallon, and possibly more making your gas bill expensive later on, and lowering resale value.

plus, a 10k loss is way too much in this economy.

good luck!