View Single Post
Old 06-15-2016, 05:45 PM   #11
PoorMansCamaro



 
PoorMansCamaro's Avatar
 
Drives: Really Slow
Join Date: Apr 2010
Location: PA
Posts: 57,226
didn't read other peoples posts, but long story short, if you owe 10k, but trade in value is 17-20k, then you can put that equity towards the new car. for the sake of ease, lets say a dealer would give you 20k for your car. they will pay off the 10k left on your loan and then you can roll over 10k on the new car. so if the zl1 is 50k, you will owe 40k. Just using rough, estimated numbers.

saying all that, DO NOT tell the dealer how much you have left to pay off your car. they will try to low ball you.
__________________
PoorMansCamaro is offline   Reply With Quote