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Need Advice on Buying a Used Car with a Used Trade In?
Here is the situation:
I have a 1998 Ford Taurus-AIr and Heat broke-No warranty left on it-dearlship wants 1,500 to fix it-I owe $3,000 left because I bought used over a year ago.
I live in 100 degree weather during summer so I need the A/C.
I am buying a brand new car in January 2008 from a settlement coming this lat fall.
What I want to do is trade one mor time my taurus for another used car to get me to the end of the year. Can I trade in the taurus with a $2,500 remaining balance for another used car around $5,000 so I have heat and A/C thru the remainder of the year.
What do I need to know to make this happened about trade in's and dearlships?
I know I will be upside down on the loan and it be placed on the other car. How much cash should I offer at trade in? And will they even take it with the ac/heat broken knowing its a crappy car?
Any tricks of the trade or info in what I can do in this situation will be most helpful.
i own a shop and right no if you try to trade this they wont accept it because of the age of it,they would require you to pay it off before you trade it in,and they wouldn't give you hardly anything at all on it,so for now i know its a lot of money but your best and cheapest way is to have this one fixed and drive it,its along time until the end of the year,good luck i hope this helps.
